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By Lawrence Agcaoili
The Philippines will increase foreign and local borrowings to finance a higher budget deficit this year, Finance officials said yesterday.
BSP plans to roll over some loans
By Eileen A. Mencias
The Bangko Sentral will roll over some foreign loans, especially the $500-million short-term credit it tapped from the Bank for International Settlements and a $600-million gold-backed facility, to conserve foreign reserves, a senior monetary official told reporters.
Treasury rejects bids for 91- and 364-day bills
The Bureau of Treasury rejected all bids for 91- and 364-day treasury bills after banks demanded higher yields in anticipation of a wider-than- expected budget deficit this year.
P700-m Samar, Antique power lines up
By Alena Mae S. Flores
The Energy Regulatory Commission approved two transmission line projects of National Grid Corp. of the Philippines (formerly National Transmission Corp.) worth over P700 million to address increased power demand in Samar island and Antique province.
Air transport group settles $1.3b worth of RP deals
The International Air Transport Association yesterday said it settled $1.3 billion worth of transactions between airlines and travel agencies in the Philippines last year. No comparative figure was provided for 2007.
By Chin Wong
EVEN though I usually don’t have the time, I have to admit that I’m a couch potato at heart. Give me a good TV show—CSI, House, Dexter, The Daily Show and The Colbert Report, to name just a few—and I’ll happily drop what I’m doing and vegetate.
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