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Petron options open, says Teves
By: Lawrence Agcaoili | Manila Standard
9 May 2008 | 11:51 AM
The government is keeping its options open on the possible sale of its remaining 40 percent stake in Petron Corp., Finance Secretary Margarito Teves said yesterday.
[ Full Story ]
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European investors shun RP as investment location
European investors are looking at diverting major investments to Thailand and Vietnam after striking out the Philippines in their list of favored investment sites because of its difficult business environment.
[ Full Story ]
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Sales of gas-guzzling autos rise despite costlier fuel
Despite the soaring price of fuel, Filipinos kept buying gas-guzzling motor vehicles like pickup trucks, vans, and sports utility vehicles (SUVs), with sales of these models in the first four months this year jumping a fourth from a year ago, according to local assemblers.
[ Full Story ]
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First-quarter lottery sales jump in Visayas, Mindanao
Amid rising inflation, lottery sales in the Visayas and Mindanao surged in the first quarter, according to the exclusive online systems provider of state-run Philippine Charity Sweepstakes Office (PCSO) in those areas.
[ Full Story ]
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Property developers jack up prices
Property developers are about to raise prices—if they haven’t already —to cope with costlier raw materials, fuel and soon, labor, and prevent these from eating into their margins.
[ Full Story ]
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BSP seen to raise interest rates on higher inflation
Consumer price increases will pick up further this year and next, prompting the Bangko Sentral ng Pilipinas (BSP) to raise its key interest rates, according to pundits.
[ Full Story ]
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| Market Summary |
| Indices |
Last |
Change |
Percent |
| PSEi |
2,779.42
|
18.80 |
0.68 |
| All Shares |
1,732.77
|
9.09 |
0.53 |
| Dow Jones |
12,745.88
|
120.90 |
0.94 |
| NASDAQ |
2,445.52
|
5.72 |
0.23 |
|
| As of 5/9/2008 - 12:11 PM |
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| Treasury Bill Rates |
| Tenor = Days |
Current |
Previous |
Change |
| 91 |
3.673 |
3.673 |
0.000 |
| 182 |
4.675 |
4.675 |
0.000 |
| 364 |
6.986 |
5.993 |
0.993 |
|
| As of 04/29/2008 9:00 AM |
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