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BusinessWorld Online
Budget for personnel benefits to be restored - BusinessWorld Online
However, a source privy to the negotiations who asked not to be named, said that among the amendments asked for would be that while the Department of Budget and Management (DBM) would recognize the regular and automatic release of the funds to all the ...
Narrow wage gap worries labor exec - BusinessWorld Online
THE NARROWING wage gap among employees is resulting in more skilled workers leaving the country, not to mention a disincentive to upgrade skills, a government official said yesterday. National Wages and Productivity Commission (NWPC) Executive Director ...
Prada prepares for HK IPO - BusinessWorld Online
... to the European luxury sector average, which is around 19 times the price earnings (PE) ratio, but in line with the higher end of the Hong Kong names,” a manager at a Switzerland-based luxury goods fund told Reuters on condition of anonymity. ...
Palace to Senate: Put ARMM bill to vote - BusinessWorld Online
A source from the Marcos camp who asked not to be named told BusinessWorld that the senator has scheduled a final hearing on May 31, inviting as resource persons Local Government Secretary Jesse M. Robredo, Presidential Adviser on the Peace Process ...
San Miguel shares sold out abroad, mirrors brisk sales in RP - BusinessWorld Online
The shares were oversubscribed," an official from one of the underwriters who declined to be named said in a telephone interview, referring to the planned sale of 78.8 million shares to buyers abroad at P110 apiece and another 7.888 million shares in ...
San Miguel offering has new price range - BusinessWorld Online
"P110-140 is the new price range now because of the market's feedback," a bookrunner who asked not to be identified said. This is below the P200-250 price range announced in January and the conglomerate's closing price of P153 per share last week when ...
Stock exchange to implement limits to brokers' voting rights - BusinessWorld Online
Another trader who requested anonymity said: "it is [the] PSE's win-win solution considering [the] SEC is hell-bent on trying to limit the so-called monopoly of a certain group in the PSE." "It would throw away the notion that the PSE is an old boys' ...
Monde Nissin plans factory for Mindanao market - BusinessWorld Online
Monde Nissin Corp. is planning to build another manufacturing plant, this time in Davao City, a government official said. -- Jonathan L. Cellona The factory, which will complement existing facilities in Luzon and Visayas, is expected to come on stream ...
Quakes heighten local safety concerns - BusinessWorld Online
"The problem is when [their] contractors cut costs because sometimes developers give them small budgets so the contractor finds ways to make more profits," an engineer who declined to be named said in telephone interview. Government agencies, meanwhile ...
House to vote on Ombudsman's ouster - BusinessWorld Online
Ms. Magsaysay said the message was forwarded by a member of the majority who refused to be identified. Sought for comment, Mr. Abaya dismissed the text message as mere "intrigue." "No, not true," he said in an interview. Mr. Tañada, an LP member, ...
Congressman should pay civil liabilities: Ombudsman - BusinessWorld Online
However, Ecleo has eluded arrest as he "has been hiding," said a Sandiganbayan official who refused to be identified. For his part, Deputy Speaker Lorenzo R. Tañada III said in an interview that the congressman has not been attending session since the ...
Banks picked for bond sale - BusinessWorld Online
No date has been set for the sale -- the first for the government this year if it pushes through -- with another government official, who requested anonymity, stressing the banks are helping the Finance department monitor for now the markets for the ...
BSP OK's $1.5-B global bond - BusinessWorld Online
“The central bank gave its approval for the $1.5 billion global bonds last March 14,” a government official, who requested anonymity, told BusinessWorld in a text message. “Tenors of the bonds that may be issued are 15- and 25- years,” the official ...
DBP starts road show for $300-M bond issue - BusinessWorld Online
Jonathan L. Cellona “Officials of DBP assessed the market in Hong Kong yesterday and will be home by today,” a bank official, who requested anonymity, told BusinessWorld in a phone interview. “Officials might conduct another one in Singapore some time ...
Filinvest Land to join gov't bidding for Food Terminal complex in Taguig - BusinessWorld Online
An analyst, who asked not to be named, said: “With that location and size, it would give the property players the land bank to pursue their growth plans.” Prime lots within developed cities are fewer so property firms are taking advantage of large ...
Price relief to be targeted - BusinessWorld Online
A department official who asked not to be named said the fund could be sourced from the president's contingency fund, a "windfall" from value-added tax (VAT) collections, or revenues from a proposed suspension of the VAT on oil products. ...
IFC acquiring stake in RCBC - BusinessWorld Online
The sale, which a bank official, who requested anonymity, said is worth P2.1 billion, is equivalent to a 7.2% stake in the bank and one board seat for IFC in RCBC. “The investment will earn IFC one board seat in RCBC's 15-man board of directors,” the ...
Roxas off to Taiwan as Aquino emissary in diplomatic row - BusinessWorld Online
Diplomatic sources who have refused to be identified said Mr. Roxas has been tapped as emissary "to explain fully the rationale for our [Philippine] action to Taiwan officials." A report dated Feb. 18 and published on Taiwan's Central News Agency said ...
Filipinos in Taiwan fear for employment, businesses - BusinessWorld Online
... who plan to go home for vacation, for example, are worried if they could still return to their employers, said the employee who refused to be named. ...
Ombudsman to seek delay of court action on plunder deal - BusinessWorld Online
A source in the Sandiganbayan who asked not to be named said that if the Ombudsman files the manifestation based on new evidence to support a decision to ...
Finance dep't adds pressure on firms to hike float - BusinessWorld Online
An official from the Securities and Exchange Commission (SEC), who asked not to be identified, said the rules are not yet in effect. ...
Soaring property prices force Chinese into shelters - BusinessWorld Online
An official at the city's Civil Defence Bureau, who asked that his name not be used, refused to confirm whether all shelters would indeed be cleared, ...
Local borrowing plan bared; global peso bond offer OK'd - BusinessWorld Online
Yesterday's announcement came as a source said the Bangko Sentral ng Pilipinas (BSP) had also given its approval in principle for the issuance of global ...
Fiscal tack's success awaited - BusinessWorld Online
Details of the visit have not been released but a government official said tax administration was part of discussions. The deficit rose to P259.8 billion in ...
MetroPac unit planning to link two Luzon tollways - BusinessWorld Online
... department office still reviewing the contract that will transfer management rights over one of the roads to the company, a government official said. ...