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Slowing inflation provides the central bank scope to lower borrowing costs to help boost economic activity, Bangko Sentral Gov. Amando Tetangco said yesterday.
Govt eyes additional revenues to cap deficit
By Lawrence Agcaoili
The government is looking for additional sources of revenues as part of efforts to limit the budget deficit to 1.2 percent of the gross domestic product this year, a ranking official of the Finance Department said yesterday.
Central bank not clamping down on derivatives
By Eileen A. Mencias
Bangko Sentral Gov. Amando Tetangco Jr. yesterday said the central bank will not clamp down on derivatives, stressing that improvements in disclosure and transparency standards are needed.
Several firms watching Billiton mining dispute
Several mining companies, including Xstrata, have expressed interest to fill the void to be left by mining giant BHP Billiton if talks with local partner Asiaticus Management Corp fizzle out.
SMC, First Holdings coy on Meralco control
San Miguel Corp. and First Philippine Holdings Corp. said it is not a “priority” to raise their stakes in Manila Electric Co., whose shares have risen on speculation the two are vying for control of the utility.
Prospective SuperFerry buyer also feels the pinch
By Ray S. Eñano
KGL Investment BV, beneficially owned by KGL Investment Co. of Kuwait, has joined the many companies that are feeling the pinch of the global economic downturn.
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