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The Philippines approved a bigger budget-deficit target for 2009, as slowing economic growth threatens to crimp tax collection and the government increases spending to counter faltering exports.
MetroPac opts to sell 21% equity in Landco
By Jenniffer B. Austria
Metro Pacific Investment Corp., the flagship unit of Hong Kong’s First Pacific Co. Ltd., will keep a minority stake in high-end property developer Landco Pacific Corp.
Galoc set to resume oil production next week
Galoc Production Co. expects to resume oil production from the Galoc field in northwest Palawan next week.
LRTA’s P5.5-b borrowing endorsed to Malacañang
By Lawrence Agcaoili
The Finance Department has endorsed the planned P5.5-billion borrowing of the state-run Light Rail Transit Authority this year to bankroll the mass transit’s capacity expansion and pay maturing obligations.
SM Prime increased ’08 profit by 7% to P6.4b
SM Prime Holdings Inc., the country’s dominant shopping mall developer and operator, reported a 7 percent increase in net income for 2008 to P6.4 billion from P6 billion in 2007.
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