Friday, March 23, 2007

Business World Philippines 3/24/2007

The Petroleum Association of the Philippines (PAP) has warned that the executive order banning "farm-in"/"farm-out" energy resource exploration, development and production deals has started dampening investor interest.
Front Page

* Oil exploration firms warn of dampened investor interest
* Manufacturing rebounds in January
* Central bank survey shows consumers cautious

Banking & Finance

* Peso ends week at one-month high

Corporate World

* ICTSI unit to raise P6.85 billion from shares sale
* Pacific gets SEC go-signal for IPO
* MacroAsia signs deal with Jinchuan, JCP Geo-Ex
* Century Properties taps US firm to master plan IS project
* Transco exceeds performance targets
* ATR KimEng sues Araneta family anew
* Berkley Philippines sold for P1.25 billion
* Other Stories

The Economy

* Anti-hunger drive ‘challenging’ but ‘doable’
* Ornamental fish growing demo facility to start in Laguna Lake

The Nation

* P644 million needed for security operations in May polls
* Retirees assured of claims even as benefits cut by P3.6B, pork barrel rises to P11.4B
* Oral arguments on Pandacan oil depot case set
* Other Stories

The Stock Market

* Stocks drop on profit taking

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