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By Alena Mae S. Flores
The Energy Regulatory Commission has ordered Manila Electric Co. to refund P3.924 billion to customers starting next month for over-billing foreign exchange adjustment charges from June 2003 to December 2006.
Kirin of Japan readies tender offer
By Jenniffer B. Austria
Kirin Holdings Co., Japan’s second-largest brewer, will make a tender offer to acquire the remaining 5.75 percent shares owned by small investors in San Miguel Brewery Inc., the beer unit of San Miguel Corp.
Asia to do worse than anticipated, says ADB
By Roderick T. dela Cruz
The Asian Development Bank now expects Asian economies to perform worse than earlier anticipated, as economists underestimated the impact of the global economic turmoil.
RP thrift banks solid amid crisis
Local thrift banks are poised to sustain their growth momentum this year despite the slackening domestic economy.
7 steel plants close down due to imports from China
Hundreds of steel workers were displaced last year when seven steel angle bar manufacturers shut down their milling plants amid the influx of cheaper but substandard imports from China, according to an industry association.
By Victor C. Agustin
HE had just emerged from a strenuous financial regimen that saw him shed off the Racks chain of American country food, and now Jaguar dealer Wellington “Willy” Soong has found himself suddenly thrust back in the restaurant business.
By Gerry Geronimo
It had heretofore been a mystery to me how San Miguel Corp., roughly translated in English as “Saint Mike Corporation” (and in any case hereinafter referred to as “San Miguel”) the regulated, could openly insist on its own construction of the disclosure rules of the Philippine Stock Exchange, the regulator.
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