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FirstPac to sell Meralco stake
By Jenniffer B. Austria
Metro Pacific Investments Corp. plans to increase its stake in Manila Electric Co. by acquiring the shares owned by its parent company?Hong Kong-based First Pacific Co. Ltd.
Eton Properties in upscale QC townhouse project
Eton Properties Philippines Inc., the property arm of beer and tobacco tycoon Lucio Tan, yesterday launched its first high-end townhouse project on a 3.3-hectare property along Roces Avenue in Quezon City.
A Brown secures P2-b loan from BDO
By Alena Mae S. Flores
Listed A Brown Co. Inc. has obtained a P2-billion (around P40 million) term loan from Banco de Oro Unibank Inc. to fund the investment of its affiliate in National Grid Corp. of the Philippines.
Manila Water to cap rate hike to P1 per cubic meter
By Othel V. Campos
Manila Water Co., the water utility firm of conglomerate Ayala Corp. that owns the concession in the eastern section of Metro Manila, said it will cap rate increases to P1 per cubic meter a year from 2010 to 2012 if the government agrees to extend its contract by 15 years.
More Filipinos saving, investing?BSP survey
By Lawrence Agcaoili
More Filipino families are saving and investing money sent home by their relatives working overseas to cope with the full impact of the global economic crisis.
BSP rejects emergency funds for Banco Filipino
THE Bangko Sentral has rejected granting a court-ordered emergency assistance that the Banco Filipino has been seeking for since December.
??t should be stressed that the unconditional release of the special liquidity facility or emergency loan to Banco Filipino without the benefit of security or collateral clearly involves the exercise of discretion of the Bangko Sentral and its Monetary Board,? the central bank?s counsel, Villaraza Cruz Marcelo & Angangco, told the Makati Regional Trial Court in a filing last week.
Condura Run 2009
By Gerry Geronimo
Last year, this month, I ran, says the T-shirt that I brought home after nearly an hour of huffing and puffing in the early morning air of Bonifacio Global City and which I continue to wear proudly today in order ?to save the reef.? However, I must confess that when I pinned my race number on my shirt that morning, I was, besides knowing what ?the reef? meant, according to the organizers, Concepcion Durables Inc., the Tubbataha Reef, clueless as to what all the fuss was about.
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