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Wednesday, July 15, 2009 |
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TO FINANCE RECORD BUDGET DEFICIT
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Govt returns to overseas debt market
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By Lailany P. Gomez, Reporter
THE government has raised an additional $750 million from the sale
of Republic of the Philippines debt papers (ROPs) in the
international market to plug its record budget deficit this year.
The 10-year sovereign bonds, or IOUs will mature
in January 2020.
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BSP hikes dollar surplus forecast
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THE government’s fresh borrowing abroad will lift the country’s
dollar reserves to at least a billion, according to the Bangko
Sentral ng Pilipinas (BSP).
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NEDA insists on second quarter growth
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DESPITE the failure of key agencies to meet disbursement targets,
the National Economic and Development Authority (NEDA) insists the
Philippine economy posted “better” growth figures in the second
quarter.
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APEC to tackle rising protectionism
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LEADERS of the Asia-Pacific Economic Cooperation (APEC)
member-nations will meet next week to discuss measures to minimize
protectionism, as many countries have raised trade barriers to
shield their domestic industries amid a global economic slowdown.
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SME CORNER
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Citibank offers business purchase cards
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Citibank has launched a commercial card that would help companies,
including small and medium enterprises (SMEs), control their
purchases and payment requirements.
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Refurbished PNR to benefit entrepreneurs
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SMALL businesses stand to gain from the revitalized Philippine
National Railway (PNR), as entrepreneurs living in areas straddling
the country’s train system can transport their products at a lower
cost, the state monopoly said.
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SM GROUP EYES MALLS IN PNR STATIONS
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Metro Pacific to build Makati-NLEX Skyway
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METRO Pacific Tollway Corp.(MPTC) will construct a multibillion-peso
Skyway from Buendia in Makati to North Luzon Expressway (NLEX).
Ramoncito Fernandez, MPTC president and chief executive, said the
company would build...
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SMB to buy intentional business from
parent
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San Miguel Brewery Inc. (SMB) announced on Tuesday that it will
acquire its parent’s international beer operations.
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Phoenix to open more stations by yearend
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Phoenix Petroleum Philippines Inc. said it plans to open additional
retail fuel stations before the year ends.
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Real estate bottomed out in Q1, says ALI
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The domestic real estate market has already bottomed out during the
first quarter of the year as home purchases have already pick ed up,
the country’s biggest property developer said Tuesday.
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PSE plans to create corporate governance index
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THE Philippine Stock Exchange (PSE) is planning to create a
corporate governance (CG) index, which will be composed of elite
circle of listed-companies.
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PLDT group completes Meralco stake acquisition
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PHILIPPINE Long Distance Telephone Co. (PLDT) on Tuesday said its
wireless unit has completed the acquisition of Manila Electric Co. (Meralco)
shares from the Lopez group.
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VIEWS
FROM
A BRIT
By Mike Wootton
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Outside the ivory
tower
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The Philippines is a hedonistic sort of a place. Life is for living,
work is just a means of sustaining the ability to enjoy life outside
of work. This is a characteristic shared with much of Latin America,
and it can only be put down...
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