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A JAPANESE
businessman walks past a Kirin Lager sign outside a local
watering hole in Tokyo in this file photo. Kirin Brewery
Co. Ltd. is in talks with San Miguel Corp. for a possible
investment in SMC’s wholly owned dairy and juice unit
Australia’s National Foods Ltd. Kirin, which currently
owns around a 20-percent stake in SMC, may buy up to 49
percent of National Foods, according to sources privy to
the negotiations. -- BLOOMBERG |
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Oil,
tuition hike didn’t stoke inflation |
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 THE
cost of goods and services in the country generally moved
down a bit in June and allowed inflation to average lower to
2.3 percent from 2.4 percent in May, the government reported
on Thursday. |
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Kirin wants to invest in SMC’s Aussie dairy and juice unit |
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JAPAN’S
Kirin Brewery Co. Ltd. is in talks with San Miguel Corp.
(SMC) for a possible investment in the latter’s wholly owned
dairy and juice unit, Australia’s National Foods, Ltd. |
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Fast-food firms cutting waste water levels |
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GOVERNMENT
efforts to reduce waste water pollution got a big boost with
the heads of the country’s major fast-food chains and
restaurants committing their support. |
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FPHC
moves to up stake in Meralco |
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DESPITE
Union Fenosa S.A.’s pronouncements early this year that it
was considering increasing its shareholdings in Manila
Electric Co. (Meralco), First Philippine Holdings Corp. (FPHC)
said Thursday that its board has approved the memorandum of
agreement between FPHC and Union Fenosa for the acquisition
of the latter’s share in First Philippine Union Fenosa Inc.
(FPUFI). |
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Business gains under threat by Bedol’s antics |
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TACURONG
CITY, Sultan Kudarat—Socioeconomic gains and relative peace
achieved in Maguindanao are under threat because of issues
clambered by elections official Lintang Bedol, according to
a former agriculture secretary whose business enterprise
recently won international acclaim. |
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Gamboa insists in SC filing: PLDT now a foreign firm |
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WILSON
GAMBOA, a former Batasang Pambansa member and defense
undersecretary, stood pat on Thursday on his claim that the
Philippine Long Distance Telephone Company (PLDT) has become
a virtual foreign-owned company because more than 60 percent
of its common shares are in the hands of foreign investors. |
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FCDU
loans down 11% from $3.5B to $3.1B |
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DOLLAR-DENOMINATED loans obtained from foreign currency
deposit units, or FCDUs, dipped by more than 11 percent over
three months to only $3.1 billion by end-March this year,
the Bangko Sentral ng Pilipinas said on Thursday. |
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SC
tells Napocor to pay lot owners in Marawi P55M |
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THE Supreme
Court (SC) upheld the decision of the Court of Appeals (CA)
directing the National Power Corporation (Napocor) to
compensate several landowners in Marawi City in the amount
of P55 million for digging tunnels in their seven-hectare
property in 1978 without their permission. |
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MORE STORIES ... |
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Risen Sun, fallen bus.
A bus of the Risen Sun
lines, with bus number 788, fell 10 meters from the road,
right smack on the rooftop of a house along Lower
Magsaysay Avenue in Baguio City at midnight Wednesday. The
driver of the bus, who was on his way to the company
garage before it fell, was injured. --MAURICIO
VICTA |
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