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Carmina Reyes
Carmina Reyes
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Hike in power rates raises inflation risks
by Carmina Reyes - June 13, 2004 - 12:00am
Philippine regulators have allowed the country’s power producers to raise their rates by around six percent, a move seen as adding to upward pressure on inflation and raising the chances of an interest rate...
Globe seen to boost Ayala Corp’s Q4 earnings
by Carmina Reyes - February 8, 2004 - 12:00am
Ayala Corp., the largest conglomerate in the Philippines, probably swung to a fourth-quarter profit after buying a bigger stake in its consistently strong mobile phone unit Globe Telecom Inc. Globe, which accounts...
RP eyes Islamic market to raise $250M
by Carmina Reyes - September 27, 2003 - 12:00am
The Philippines may open bond facilities maturing in 2014 or 2025 or even tap the Islamic market to raise $250 million and finish its financing requirements for 2003, government officials said yesterday. National...
Shopping craze to drive up SM Prime profits
by Carmina Reyes - March 8, 2002 - 12:00am
The Philippines’ leading mall developer, SM Prime Holdings Inc., is expected to post a 13-15 percent higher net profit for 2001, thanks to the company gearing up to cater for Filipinos with a penchant for shopping. Rather...
Pagcor mulls P18.5-B bond flotation
by Carmina Reyes - November 18, 2001 - 12:00am
State-owned casino operator Philippine Amusement and Gaming Corp (Pagcor) said yesterday it hopes to raise up to P18.5 billion from a bond float scheduled before the end of the month. Chief of staff Rafael Francisco...
Government vows to do all to contain budget deficit
by Carmina Reyes - September 23, 2001 - 12:00am
The Philippines, faced with risks of further economic slowdown following attacks on the United States, has vowed to do all it could to keep the budget deficit within its target of P145 billion. "Personally,...
BPI income soars 81% to P3.47B in H1
by Carmina Reyes - August 9, 2001 - 12:00am
Bank of the Philippine Islands, the second largest bank in the Philippines, said yesterday its net income jumped by 81.1 percent in the first half of 2001 due to significant growth in deposits. The bank, a unit...
Cosmos sale finalized this week
by Carmina Reyes - July 18, 2001 - 12:00am
RFM Corp., the Philippines’ second largest food conglomerate, said on Monday it expects to finalize the sale of its softdrinks unit Cosmos Bottling Corp. this week. RFM vice president Ramon Lopez told Reuters...
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