|
Bangko Sentral yesterday kept borrowing costs unchanged at a record low to boost growth after damage caused by tropical storms in the past month threatened the economic recovery.
GMA Network Inc., the second- biggest broadcasting company, registered a net profit of P2.15 billion in the first nine months, up 10 percent year-on-year, putting it on track to achieve its income target of P2.8 billion this year.
by Alena Mae S. Flores
GMA Network Inc. said it is unfazed by the entry of the Philippine Long Distance Telephone Co. in ABC Channel 5 and will even pursue the case against its rival, a company official said yesterday.
by Roderick T. dela Cruz
Tax effort in the Philippines, or the ratio of tax collection to gross domestic product, is seen to fall to 12.8 percent this year, the same level before the Reformed Value Added Tax law was implemented in 2002, the World Bank said.
Condominium builder Megaworld Corp. has set the rate for its planned P5-billion fixed rate bonds at 8.46 percent a year.
by Eileen A. Mencias
Philippine National Bank, a universal bank controlled by taipan Lucio Tan, yesterday reported a net income of P2.11 billion in the first nine months of the year, up 134 percent year-on-year.
|
