Business World
THE GOVERNMENT, which relies on debt to plug a deficit and support its vital programs, will borrow P114 billion from the domestic market in the first quarter of 2011.
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Thursday, December 30, 2010
WTO panel says liquor tax ruling out in June 2011
Business World
A DECISION on the United States’ and the European Union’s complaint against Philippine liquor taxes will be issued in June, a World Trade Organization (WTO) panel said in a communique.
Christmas sales up from last year, grocers say
Business World
But same-store sales likely dropped
CONSUMERS bought more Christmas groceries this year but individual stores are unlikely to have recorded sales growth as more shops competed for patronage, industry groups said late on Tuesday.
Foreign debt rises to $59.8 billion
Business World
THE COUNTRY’S outstanding foreign debt rose by 9.3% as of end-September, due to more borrowings and upward foreign exchange revaluation, the Bangko Sentral ng Pilipinas (BSP) said in a statement yesterday.
Customs computerized system to cover exporters starting Jan.
Business World
TRADERS should be able to process their export declarations faster when these are covered by the Customs bureau’s electronic-to-mobile (e2m Customs) system starting Jan. 13, 2011.
New Laguindingan airport seen operational by 2012
Business World
CAGAYAN DE ORO CITY -- The P8-billion Laguindingan International Airport located between the cities of Cagayan de Oro in Misamis Oriental and Iligan in Lanao del Norte will be completed in third quarter next year and should be ready to accommodate regular flights by February 2012, the regional office of the National Economic and Development Authority (NEDA) said.
Aboitiz Transport sale closed; Nenaco to hold tender offer
Business World
LISTED ABOITIZ Transport System Corp. said major shareholders Aboitiz Equity Ventures, Inc. and Aboitiz & Co., Inc., have completed the sale of their respective shareholdings to Negros Navigation Co., Inc.
Nido-led consortium abandons Tindalo oil well
Business World
THE CONSORTIUM holding the concession covering the Tindalo oil well has decided to abandon the project due to declining production rates.
BSP hikes inflation forecasts
Business World
Rates unchanged; adjustments expected next year
THE CENTRAL BANK kept key rates unchanged during its final 2010 policy meeting yesterday but prospects of an upward adjustment next year increased as it also issued higher inflation forecasts.
Proposed tariff structure favors existing investments
Business World
BY JESSICA ANNE D. HERMOSA, Senior Reporter
A NEW TARIFF structure proposed for goods traded outside preferential agreements plans to support existing investments by keeping rates favorable for manufacturers such as those that make electronics and glass, officials yesterday said.
Wednesday, December 29, 2010
Early budget submission set
Business World
Aquino okays calendar; Congress to receive proposal in July
AFTER PULLING OFF an on-schedule approval of next year’s budget, the Aquino administration is now targeting an early submission of the 2012 outlay, a Cabinet official said.
New Year hope very high
Business World
BY ANA MAE G. ROA, Reporter
MORE FILIPINOS are hopeful of the coming New Year, the Social Weather Stations (SWS) said, with their number near a record high hit eight years ago.
Bank merger okayed by BSP
Business World
BY ANN ROZAINNE R. GREGORIO
THE CENTRAL BANK has approved the merger of Robinsons Savings Bank, the banking arm of Gokongwei-led JG Summit Holdings, Inc., and Robinsons Bank Corp., formerly known as the Royal Bank of Scotland (Philippines) Inc.
Aquino wants plan on informal settlers by January
Business World
Resettlement could cost government P100 billion
THE GOVERNMENT is reviving efforts to definitively address the proliferation of informal settlers in Metro Manila.
Tacloban airport rehab estimated to cost P5B
Business World
TACLOBAN CITY -- Some P5 billion will be needed to fully rehabilitate the Daniel Z. Romualdez (DZR) Airport here, according to a report of the House of Representatives committee on transportation.
More Pinoys access microfinance Number of clients in RP increased -- ADB report
Business World
THE NUMBER of active microfinance clients in the Philippines increased between 2006 and 2008 following the implementation of a project by the Asian Development Bank (ADB), a report released yesterday by the multilateral lending agency showed.
Century Peak invests in new property company
Business World
LISTED MINER Century Peak Metals Holdings Corp. said yesterday has bought into a newly formed property company, in part to save on housing costs.
Listed firm buys into new owner of AG&P
Business World
LISTED HOLDING firm South China Resources, Inc. has acquired a minority stake in a consortium that bought Atlantic Gulf and Pacific Co. of Manila, Inc. (AG&P) from the Consunjis.
Monday, December 27, 2010
Strong inflow surprises BSP
By Lawrence Agcaoili (The Philippine Star) Updated December 27, 2010
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) was surprised with the strong capital inflows that continue to flood emerging market economies particularly the Philippines but is ready with its enhanced toolkit to prevent the build up of inflation pressures.
Investments in ecozones seen to expand by 10% in 2011
By Ma. Elisa P. Osorio (The Philippine Star) Updated December 27, 2010
MANILA, Philippines - Investments in the country’s ecozones are expected to grow by 10 percent to P225 billion as more foreign electronics and manufacturing firms are seen to locate in the Philippines, the Philippine Economic Zone Authority (PEZA) reported.
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