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Tuesday, November 27, 2007 |
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Full-year target in sight
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Moderate growth seen in Q3
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THE Philippine economy may have grown at a
moderate pace in the third quarter of the year, boosted
by the services sector, the National Economic
and Development Authority (NEDA) said Monday.
Socioeconomic Planning Secretary Augusto B.
Santos told reporters that the economy, as measured by the
country’s gross domestic product (GDP), may have expanded between
6.1 and 7.1 percent in the three-month period ending September.
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Oil bubbles near $99
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SINGAPORE: Oil prices hovered near $99 in Asia trade on Monday as
traders continued to fret over tight supplies globally, dealers
said.
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Hanjin to build new plant in Mindanao
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HANJIN Heavy Industries and Construction Corp.
is constructing a new shipyard complex in Mindanao, the Palace said
Monday.
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Stock market climbs on Wall Street rebound
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LOCAL share prices closed higher Monday as bargain-hunters took
their cue from Wall Street’s Friday rebound amid a strong start to
the US holiday shopping season, dealers said.
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Energy dept plans last-minute contracting round
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THE Department of Energy (DOE) plans to open
another contracting round for energy exploration and development to
investors before the year ends.
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Smart raises capital spending
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SMART Communications Inc. said on Monday that it
has raised its capital expenditure this year to beef up network
coverage up to fifth class municipalities.
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Government may undertake real-estate development
of MRT 7 project
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THE government is willing to take over the real-estate development
component of the Metro Rail Transit Line 7 project following the
refusal of Universal LRT Corp. Ltd. to post the proposed performance
bond, an official of the National Economic and Development Authority
said.
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Taiwan businessmen to invest more in Freeport
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Officials of Taiwan’s Export Processing Zone Administration (EPZA)
have expressed plans to invest more in the Philippines during their
visit at the Subic Bay Freeport.
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Trade dept to intensify price monitoring of
prime goods
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The Department of Trade and Industry will further intensify price
monitoring of prime commodities along with Noche Buena goods in
light of the continuing cost increases of fuel and flour.
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Ayala Corp. to borrow more
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AYALA Corp. disclosed to the Philippine Stock Exchange on Monday
that it has upsized its planned borrowing.
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First Gen to hike capital stock
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PUBLICLY listed First Gen Corp. has the green light from the
Securities and Exchange Commission to increase its authorized
capital stock.
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BIZZ
FIZZ
By Rene Martel
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Lane Moving marks three decades of success
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A MEETING with ebullient Irishman Gerry Lane can often be a moving
experience. That’s hardly surprising considering that he is the
founder and president of Lane Moving & Storage...
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