|
 |
|
|
Market debut.
Jon Ramon
Aboitiz, chairman of Aboitiz Power Corp., is seen at the
listing ceremony on Monday at the PSE, where APC made its
initial public offering, opening at P6.20 per share and
closing at P5.80. Proceeds of the sale will be used to
finance part of APC’s plan to participate in the
privatization of Napocor assets, particularly in
hydroelectric and geothermal.
--RHOY COBILLA |
| HEADLINES |
|
Government moves to save P7B in bank |
|
|
THE
government wants to break the stalemate at the boardroom of
the Philippine Bank of Communications, where it has helped
support the continued viability of the bank by infusing P7.6
billion, while getting only headaches for its trouble. |
|
Net
foreign buying in the first half up 155 percent |
|
|
NET foreign
buying in the Philippine stock market grew 155 percent from
January to June this year to P64.4 billion from P25.26
billion a year earlier as the market recorded its highest
monthly level in net foreign buying last month. |
|
GDP
targets are firm amid peso fears |
|
|
ECONOMIC
growth targets for 2007 remain on track despite an expected
drop in consumer spending, the National Economic and
Development Authority (Neda) said Monday, in allaying fears
the strong peso would dampen the gross domestic product
(GDP) targets this year. |
|
BOP
surplus in 1st semester at $3.12 billion |
|
|
MORE foreign
exchange came in than went out in the first six months so
that the balance of payments posted a surplus of $3.12
billion, according to the Bangko Sentral ng Pilipinas on
Monday. |
|
PLDT
Global to grow biz in OFW-rich countries |
|
|
HONG KONG—PLDT
Global Corp. (PGC), the international sales and marketing
arm of the Philippine Long Distance Telephone Co. Group,
will expand to areas hosting large concentrations of
Filipino expatriates by forging partnerships with at least
five mobile operators in Europe, the United States and
Canada within the year. |
|
It’s
science and math, stupid |
|
|
THERE’S an
urgent need to boost science and mathematics education to
improve the country’s ranking in global competitiveness,
Sen. Edgardo J. Angara said on Monday. |
|
Huge
spending on schools vowed |
|
|
PRESIDENT
Arroyo promised on Monday that the remaining years of her
administration will be marked by an “unprecedented” and
“carefully planned effort” to leave a Philippines better
able to cope with 21st-century issues. |
|
If
you’ve pink fences, then you’ve stolen |
|
|
THE
Metropolitan Manila Development Authority (MMDA) on Monday
warned junk-shop owners who have government-owned fixtures
and public construction materials in their possession.
|
|
MORE STORIES ... |
|
|
 |
|
Thai visitors
at Gencars dealer center
Officials of Isuzu Operations
in Thailand recently visited the Gencars Inc. auto display
and dealer center at the corner of Chino Roces and Dela Rosa
Streets in Makati City. From left are Timmy Naval, PR
manager; Myrna V. Gonzales, assistant division manager of
the Dealer Network Division of Isuzu Phils.; Panatda
Chennavasin, senior vice president, Isuzu Operations
Thailand; Edgard Cabangon, president of Gencars Inc., and
Nualprang Yoopech of Tri Petch Isuzu Sales. The visit took
place right after the successful Philippines launch of the
2007 edition of Isuzu D-Max, which officials hope will help
the company regain the No. 1 spot in the pickup market.
Isuzu Philippines expects to start selling up to 250 units
of D-Max every month beginning August, to bring Isuzu’s
market share to 35 percent from 20. NONOY LACZA |
|
|
|
