Philippine Weekly Update

Is a 4-page report e-mailed or faxed to members every Monday morning.
The PWU covers all the key issues of the previous week, plus any recently released economic indicators. With the rapid changes that are occurring the PWU helps to bring it all  into focus and to alert you to events and issues that chief executives should be aware of.

VOLUME IX, NO. 15 April 14 - 20, 2008

New COA chief named
President Arroyo has appointed Mr. Reynaldo Villar as the new chairman of the
Commission on Audit (COA)…

Peso to reach 43:$1 by year-end – Standard Chartered
UK-based Standard Chartered Bank expects the peso to hit
P43 against the dollar by year…

Business outlook positive in 1Q
Business outlook in the Philippines remained positive throughout
the 1st quarter…

BOP posts surplus at $432-M in March
The country’s balance of payments (BOP) recorded a surplus
of $432 million in March, less than half the surplus of the
previous month…

Construction of MRT-LRT loop project to start in June
Pressed to stay on schedule, state-owned train operator
Light Rail Transit Authority (LRT) is hastening the
awarding of the MRT-LRT…

GMA asked Congress to rush tax perks for workers
A day after ordering wage boards to review pay scales
nationwide, President Gloria Arroyo is now looking at
asking legislators to exempt…

CORPORATE BRIEFS.

First Philippine Holdings Corp. (FPHC) may reduce its stake in First
Philec Solar Corp., a joint venture company it formed with solar panel
maker Sunpower Philippines Manufacturing Ltd., FPHC President and
Chief Operating Officer Elipidio Ibañez announced…FPHC will cut to at
least half its 80% stake in First Philec, its manufacturing arm which...

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