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Hotels seek ecozone status
By Roderick T. dela Cruz
More hotels and resorts are seeking economic zone status from the government, following the declaration of Korea?s Phil BXT Corp.?s facility in Mactan, Cebu.
Globe?s Q4 profit fell 43% to P2.5b
Globe Telecom, the country?s second-largest mobile phone operator, said its net income tumbled 43 percent year-on-year in the fourth quarter of 2008, amid weaker economic environment and rising competition in the telecom industry.
Victorias needs P10b to upgrade sugar mill
By Jenniffer B. Austria
Victorias Milling Co. Inc. is looking for a company that could raise between P8 billion and P10 billion to repay debts and finance the modernization of its refinery.
Banks end voluntary deal on reduced dollar trading
By Eileen A. Mencias
An informal agreement among big banks aimed at ensuring liquidity in the system shortly after the Lehman Brothers? collapse has expired. Sources said members of the Bankers Association of the Philippines did not extend the agreement in a meeting last month.
San Miguel hires group to sell bonds worth $500m
San Miguel Brewery Inc., the biggest Philippine beer maker, hired a group of five banks to help it sell about $500 million of bonds that will fund asset purchases from parent company San Miguel Corp.
Phinma takes Victory Liner to Pangasinan U
 FORMER Finance secretary Ramon del Rosario Jr. is taking Victory and Five Star buses in his group?s acquisition of the University of Pangasinan.
Bacnotan Consolidated, where Del Rosario is president, announced yesterday having reached an understanding with the family of Health Secretary Francisco Duque to acquire nearly 70 percent of the University of Pangasinan.
J?accuse
By Gerry Geronimo
Lawyer Roy Joseph Rafols, the Philippine Stock Exchange?s chief operating officer and head, issuer regulation division and lawyer Pedro Malabanan, the Exchange?s head, disclosure department, appear to have been remiss in their obligation to ensure that the investing public is fully informed about the material developments in listed company San Miguel Corp. If that perception is correct, then the board of the PSE, in my view, should have, at least, censured them for sleeping on the job.
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