Tuesday, March 20, 2007

Business World Philippines 3/20/2007

Front Page

* Private sector bucks proposed port rules
* Customs execs balk at revenue commitment
* Gov’t planning to drop T-bill offerings next year
* Budget carriers gain market share, but established airlines still dominant
* Greenspan hit for changing tune

Banking & Finance

* Peso, other Asian FX gain vs dollar
* Asian bonds stable ahead of US Fed
* Chinese regulator tells smaller banks to rein in loan growth
* Ringgit offshore trade not needed, says Malaysian capital control architect

Corporate World

* Meralco fighting P2.2-B tax assessment
* Aboitiz unit given tax perks for 19-megawatt power plant
* Cathay Land earmarks P2B for South Forbes
* ESPN STAR doubles revenues from RP Network to localize programs
* SEC approves Unilab unit’s increase in capital stock

The Economy

* Chief economic planner slams corruption, unstable policies
* Clark airport expansion to start in April
* Paper industry struggles with high costs, low tech and small capacities
* Foreign chambers back freer air services in Clark, Subic
* Tuna consortium building P20-M shipyard

The Nation

* Hunger worse in Metro Manila
* Congress soon to okay perks for disabled persons
* Plea bargain gives ex-Estrada ally two- to six-year jail term
* Changes in Davao Region’s politics pit friends, associates
* Ocampo sent back to Manila

The Stock Market

* Index declines as investors seek clear leads

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