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By Lawrence Agcaoili
The Philippines issued P144.5 billion worth of new five- and seven-year bonds in exchange for existing debt as it seeks to boost liquidity, cut financing costs and lengthen the borrowing maturity.
4 San Miguel executives formally join Meralco
By Elaine Ramos Alanguilan
Four top executives of food conglomerate San Miguel Corp. formally joined yesterday the 11-man board of Lopez-led utility Manila Electric Co.
Suez pullout to delay lower rate program
By Alena Mae S. Flores
The Philippine Independent Power Producers Association yesterday said the pullout of Suez Energy of France from the sale agreement on the 600-megawatt Calaca coal plant will further push back the implementation of the interim open access scheme.
3-month T-bill rates fall further to 4.294%
Treasury bill rates fell sharply again yesterday as investors continued to swarm the auction of government securities on lower inflation expectations and a possible reduction in the central bank’s key policy rates.
BSP offers rediscounting window to troubled banks
By Eileen A. Mencias
The Bangko Sentral will come up with new guidelines on rediscounting to give banks in need of liquidity an alternative to emergency loans, sources from the central bank said.
By Chin Wong
WILL Windows 7 from Microsoft kill desktop Linux as some technology pundits predict? The notion seemed so absurd that I initially dismissed it as a gimmick by writers hoping to draw readers to their Web sites.
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