FRANCISCO ED. LIM, president and CEO of the Philippine Stock Exchange, gives an update on market reforms and developments at the
BUSINESSMIRROR Perspective Forum.
NONOY LACZA
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LUCIO TAN’s Asia’s Emerging Dragon Corporation (AEDC) on Tuesday called on the Supreme Court to stop the ongoing expropriation proceedings on the Ninoy Aquino International Airport Terminal 3 and insisted that it would be in the government’s interest if the contract for its operation were to be awarded to the company.
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THE House Committee on Government Enterprises and Privatization has approved two similar bills, one prohibiting the Government Service Insurance System (GSIS) and the other the Social Security System (SSS) from investing reserve funds in high-yielding but “risky” investments—initiatives that are worrying the Philippine Stock Exchange (PSE).
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THE World Bank on Tuesday upgraded the Philippines’ economic outlook and endorsed government efforts at undertaking major fiscal adjustments. Gross domestic product (GDP) should grow 5.5 percent this year from an earlier 5.3-percent projection, while 2007 output would be at 5.7 percent from 5.6 percent, the Bank noted in its twice-a-year East Asia Update.
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FIRST Pacific Co. Ltd. will go after the shares held by the government in Philippine Telecommunications Investment Corp. (PTIC), which holds a 13.8-percent stake in Philippine Long Distance Telephone Co. (PLDT), by invoking its right of first refusal, an official of the government-sequestered company said Tuesday.
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LOCAL port giant International Container Terminal Services, Inc. (ICTSI) was adjudged the top transport and shipping company for Asia, according to the latest survey of the London-based magazine Euromoney.
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FLAG carrier Philippine Airlines and the Manila International Airport Authority (Miaa) Tuesday signed a memorandum of understanding, with PAL agreeing to pay the Authority some P3 billion in arrears representing unpaid landing, takeoff, parking and other aeronautical fees.
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ICTSI: 'The most convincing and coherent strategy,' say transport and shipping analysts.
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Best Of The Best
BusinessMirror marks its first anniversary with a special anniversary folio called “The Best of the Best. The paper first hit the streets on October 3, 2005. It has been a year of breathtaking challenge and excitement, and we will reserve for another day its retelling. For now, this “biggest” newest broadsheet in town would rather mark the anniversary with a collection of stories that represent the full range and depth of its promise to readers, i.e., to provide “a broader look at today’s business.” |
