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By Eileen A. Mencias
The gross international reserves of the Bangko Sentral surged to an all-time high of $39.56 billion at the end of January, boosted by proceeds from the privatization of National Transmission Corp. and government’s overseas borrowing.
Singapore invests in Pepsi-Cola
By Jenniffer B. Austria
Government of Singapore Investments Corp. Pte Ltd. has acquired an 11 percent interest in soft drink maker Pepsi-Cola Products Philippines Inc.
PNB’s ’08 profit down but ‘respectable’
Philippine National Bank, one of two banks controlled by taipan Lucio Tan, reported an unaudited net income of P1.12 billion in 2008, down 25 percent a year ago, as the global financial crisis took its toll on earnings.
Napocor bids out contract to manage Limay power plant
By Alena Mae S. Flores
State-owned National Power Corp. is re-bidding the contract to operate and manage the 620-megawatt Bataan Combined Cycle Power Plant in Limay, Bataan pending its privatization.
Grim corporate figures underline crisis
TOKYO—Grim corporate earnings data from the world’s biggest automaker and thousands of job losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan.
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