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RP imports plunge 31.5%
By Roderick T. dela Cruz
Merchandise imports plunged a record 31.5 percent in November from a year ago, as the country?s orders for electronics, which are used by companies to assemble finished products for export, fell at its fastest pace in years.
RCBC eyes P4b in new tier 2 notes
By Eileen A. Mencias
Rizal Commercial Banking Corp., controlled by the Yuchengco group, plans to issue P4 billion in tier 2 notes again with a maturity of 10 years, the bank said in a disclosure to the stock exchange yesterday.
Deadline on insurance firms nears
By Lawrence Agcaoili
The Insurance Commission has given 35 life and non-life insurance companies until the end of the month to raise their paid-up capital in compliance with the industry?s capital build-up program.
Chevron cutting cost to keep jobs
By Alena Mae S. Flores
Chevron (Caltex) Philippines Inc., the local unit of US-based Chevron, assured the government that it will not cut down its workforce in the Philippines despite the global economic downturn.
Heno de Pravia maker repositions soap brand
The maker of Heno de Pravia soaps is expanding its brand in the domestic market to increase its share in the annual P11-billion soap industry.
Marcoses sue Panlilios over Luneta Hotel
 THE family of the late President Marcos have taken to court their former ?cronies,? the Panlilios of Puerto Azul and Grand Boulevard (Silahis Hotel to readers of a certain age), over the ownership of the historic Luneta Hotel.
San Miguel?s no-show option agreement
BY GERRY GERONIMO
On Friday, in his column ?Corporate
Securities Info? in the Philippine Daily
Inquirer, SEC Commissioner Raul Palabrica gave an answer of sorts to Newbreaks? recent news item, bylined Lala Rimando, that asked ?Where is the tender offer?? The good commissioner?s response was, ?It looks like the demand of the minority stockholders for the application of the tender offer rule is premature.?
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