ABS-CBN News Online Beta
| Jul | 04 |
| 2009 |
Business
(UPDATE 2) NTC extends prepaid load expiration
MANILA - The telecommunications industry regulator released on Friday the guidelines for a more consumer-friendly validity period for prepaid mobile phone credits.
The longer shelf life of prepaid credits, as detailed in memorandum circular 03-07-2009, will be effective 15 days after the National Telecommunications Commission publishes this in a national newspaper.
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Commercial lending growth slows in May
as of 07/03/2009 8:36 PM
MANILA - Growth in lending of Philippine commercial banks slowed further in May as households and businesses continue to rein in spending amidst the economic slump.
...full articleOFW earnings up in Q2-Q3 '08: survey
as of 07/03/2009 6:18 PM
MANILA - The increase in money sent home by overseas Filipino workers (OFWs) from April to September last year reflects the growth in their earnings during the period, according to a survey conducted by the National Statistics Office (NSO).
...full articleS&P affirms RP ratings, outlook stable
as of 07/03/2009 8:36 PM
MANILA - The Philippines' strong external accounts as well as its resilient banking sector should help it weather the economic crisis, according to credit watchdog Standard & Poor's, which affirmed the country's sovereign credit ratings with a stable outlook.
...full articleTechnical rebound seen for RP shares next week
as of 07/03/2009 4:15 PM
MANILA - Philippine shares will likely see a slight rebound next week after falling for most of this week but the recovery will not be sustained, dealers said on Friday.
...full articleRP money supply up 15% in May
as of 07/03/2009 3:48 PM
MANILA - Philippine money supply climbed 15 percent in May from a year ago, faster than the 13.7 percent annual rise in April, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
...full articleRP mulls $500-M global bond issue
as of 07/03/2009 2:43 PM
MANILA - The Philippines will likely issue $500 million worth of global bonds should the government decide to go back to the overseas debt market this year, National Treasurer Roberto Tan said on Friday.
...full articleOther Headlines
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PSE appointments raise conflict-of-interest concerns
After taking a bad hit for failing to crackdown on the Legacy pre-need scam that victimized many small investors, the Securities and Exchange Commission (SEC) may find itself in hot water again if it does not act decisively on controversial appointments at the local bourse.
moreMAP CEOs solve work problems
Rex Drilon: Staying focused amid crises
By Judith Balea, abs-cbnNEWS.com
When Rex Drilon II assumed his post as chief operating officer of a wealthy Filipino family's business in 2000, he had to hit the brakes and park the company for an overhaul, before he pulled a major turnaround.
Subprime
