Thursday, March 22, 2007

Business World Philippines 3/22/2007

Front Page

* China property giant to invest $2-$4 billion
* Philip Morris defers P300-M expansion
* Philippines positions as Asia’s gaming haven
* Tax agency told to make up for poor collections
* Employers, business groups push for more labor reforms

Banking & Finance

* Maybank tries to grow insurance business
* Malaysia eases FX rules to court investors
* Peso appreciates to P48.41 vs dollar as stock market rebounds
* Asian bonds steady ahead of Fed meet
* FCDU assets reach $24.213 billion in 2006

Corporate World

* SPV wants to stop sale of Pepsi-Cola shares by Prime Orion
* Alsons now a shareholder in Aussie firm
* Zest-O allocates P500M for plants’ expansion
* PNCC seeks affirmation for Radstock agreement
* SQL’s former owners to establish another IT services firm

The Economy

* BoI, PEZA investment pledges double
* China firm commits $200M to mining venture
* State exploration arm to push through with Malampaya bid
* Gov’t team to hold non-deal road show in US, Europe
* Shell studying opening autogas stations amid market boom

The Nation

* NGOs question congressional fund use
* Warning out vs tapping groundwater
* Go slow in blaming Armed Forces for killings — Ermita
* Comelec asked to purge party-list group’s roster
* Occupancy rate of hotels grows slowly

The Stock Market

* Stocks gain as investors hunt for bargains

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