| |
|
|
 |
 |
|
MMPC confident of keeping 2nd position in local auto market
Mitsubishi Motors Philippines Corp. is confident of maintaining its position as the country’s second biggest car company because of its much improved sales performance in sports utility vehicle segment having posted 60 percent increase in sales in the first half this year over the same period last year.
SSS posts P16.8-B first half income
The Social Security System (SSS) reported a net income of P16.75 billion in the first semester, up 23 percent from P12.13 billion posted in the same period last year.
WB, RP move to speed up ODA usage
The World Bank and the government, through the National Economic and Development Authority (NEDA) have entered into a pact that would enhance the country’s rate of utilization of official development assistance (ODA) for both programs and project support.
Storm Gustav pushes oil higher in Asia
SINGAPORE (AP) – Oil prices jumped Friday in Asia to near US$ 117 a barrel on expectations tropical storm Gustav will soon enter the Gulf of Mexico area, home to a quarter of U.S. crude supplies and 40 percent of its refining capacity.
Domestic liquidity grew 5.1% in June
The Bangko Sentral ng Pilipinas (BSP) reported that domestic liquidity or M3 grew by 5.1 percent to P155 billion in June, from 3.7 percent in May.
DBP raises P6.45 billion from issuance of 5-yr capital notes
The Development Bank of the Philippines (DBP) has concluded its capital notes issuance, raising an overwhelming P6.45 billion from subscriptions, over a 100 percent from only P3 billion it initially planned to raise.
SN Aboitiz pays $ 99-M balance for Ambuklao-Binga hydroelectric plant
SN Aboitiz Power Benguet Inc. (SNAP Benguet) has completed the last $ 99.0925 million balance on its acquisition of the 175-megawatt Ambuklao-Binga hydropower facilities.
More repair work delays Galoc oilfield
SINGAPORE, Aug. 29 (Reuters) - More repair work is needed on the infrastructure that is to produce crude from Philippines’ new Galoc oilfield and first production has been further delayed to mid-September, the field’s operator said on Friday.
Export Action Line
The phenomenal growth in the use of cell phones worldwide is astounding. From 1984 to 2004, cell phones reached the first billion; the second billion took just eighteen months; the third billion took only nine months; and by the end of 2008, four billion cell phones are expected to flood the world. Today, many people are already asking if there are health risks in using cell phones. Many people are getting disturbed because many users of cell phones are experiencing some health conditions – although the health conditions may also be attributable to other causes as well. Many people are bothered by reports that some illnesses and ailments may be due to excessive use of cell phones - especially when a recent news item appeared that one well-known American politician was diagnosed with brain cancer probably due to the use of cell phones.
P/$ rate closes at P45.925/$ 1
The peso exchange rate closed lower at P45.925 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P45.63 the previous day. The weighted average rate depreciated to P45.864 from P45.685. Total volume amounted to $ 773.57 million.
|
|
|
 |
|
