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By Roderick T. dela Cruz
The largest shareholder of Express Telecommunications Co., or Extelcom, defended its negotiations with “cash-rich” San Miguel Corp. for investment in the company, saying the Lopez group’s Bayan Telecommunications is in no position to initiate the talks because it is under corporate rehabilitation.
BSP interest rate policy to stay flexible, says Tetangco
The Bangko Sentral will pace adjustments in borrowing costs to support an economy that’s vulnerable to a deepening global recession, Gov. Amando Tetangco said.
RP group slams illegal Korean tour operators
Local travel agencies are complaining against the rising number of illegal Korean-owned tour operators in the country.
San Carlos Bioenergy ships ethanol production to Petron
By Alena Mae S. Flores
San Carlos Bioenergy Inc., the country’s first integrated fuel ethanol distillery and power co-generation facility, has delivered its first shipment of 1.6 million liters to Petron Corp.
Local treasurers, assessors end three-day national convention today
The 3,000-strong officers and members of the Philippine Association of Local Treasurers and Assessors Inc., headed by its president and Quezon City treasurer Victor Endriga, will end its three-day national convention at Manila Hotel today.
MVP may buy ABS-CBN; Ongpin controls Extelcom
By Ray S. Eñano
It has been a busy month in the local corporate scene, with major merger-and-acquisition deals coming to fruition, capped by last Friday’s announcement by the PLDT group of its plan to acquire over 30 percent of Manila Electric Co.
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