Monday, March 19, 2007

Business World Philippines 3/19/2007

Front Page

* Gov’t constrained on P25-B windfall
* Competitiveness agenda up at employers’ meet
* Stronger peso leads to lower water rates for Metro Manila
* Arroyo set to sign budget bill on Wednesday
* ERNST & YOUNG — Entrepreneur of the Year: Who will be the next?

Banking & Finance

* T-bill rates may fall
* BSP unlikely to touch rates, criticized for too cautious stance
* RCBC eyes P4.75B from share offer to investors
* PostalBank to raise up to P2B this year
* Citigroup streamlines hedge service unit

Corporate World

* Filinvest officials want tax evasion charges dropped
* Winning Mirant bidders eye JBIC loan
* Bataan plastics plant to get emergency power
* Local ceramic maker wants to sell to China
* Court orders refund for unfinished project

The Economy

* No ready funds for rewarding qualified revenue collectors
* US earmarks $125M for Mindanao’s dev’t
* P35.74 billion lost to leakage in individual income tax
* Environment chief projects sharp increase in copper, gold production
* International Finance Corp. eyes water, power, rail projects

The Nation

* Pasig ferry to operate in June, to benefit 30,000 passengers
* Philippines still poor in education goal
* Transco lifts power cut amid new attack
* Agriculture sets aside P350M for corn facilities
* Civil society groups to perform crucial role in elections

The Stock Market

* Bourse to take cue from overseas markets

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