Securities registry to include agrarian bonds.
Byline: FIL C. SIONIL The Bangko Sentral ng Pilipinas (BSP) will include in the planned securities registry the agrarian reform bonds to block any double sale of the governments IOUs that are reportedly being sold in the secondary market at a deep discount. BSP Governor...

Meralco seeks waivers from lenders.
Byline: MYRNA M. VELASCO Financially-saddled Manila Electric Company (Meralco) is at the process of securing waivers from both its concerned secured and unsecured creditors for non-compliance to prescribed financial ratios, including a mandated rate of return. Despite posting a turnaround income of P907 million in...

Deal lands CNL a trophy portfolio.
ORLANDO -- After agreeing to a $2-billion dollar deal to acquire KSL Recreation Corp., CNL Hospitality Properties is on the lookout to continue bolstering its rapidly growing hotel portfolio. "We're still reviewing a number of portfolios as well as some large individual assets," said John Griswold, president...

NEWS IN BRIEF; Peso closes at P52.49.
The peso closed slightly higher at P52.49 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P52.60 last Friday. The weighted average rate depreciated to P52.544 from P52.376. Total volume amounted to $156.2 million. P8.25 B raised from...

NEWS IN BRIEF; Peso closes at P54.225.
The peso closed slightly higher at P54.225 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.25 the previous day. The weighted average rate appreciated to P54.238 from P54.312. Total volume amounted to $67.6 million. Online PSE disclosure...

Arroyo says P4-B megadike to solve CAMANAVA area flooding.
MALABON The ongoing construction of the R4-billion mega dike project of President Gloria Macapagal Arroyo in the CAMANAVA (Caloocan, Malabon, Navotas, Valenzuela) zone is expected to solve the perennial flooding in the area, especially in Navotas and Malabon. During a "Pulong Bayan" and the distribution of Certificates...

Yields on 91-day T-bill rise slightly to 7.658%; Bids for 1-year IOUs rejected.
The 91-day Treasury bill rate, tracked by banks to set their lending rate, rose by a slight 4.2 basis points at an auction yesterday as players remained cautious about the economy ahead of May elections. The 91-day T-bill fetched an average rate of 7.658 percent against 7.616...

NEWS IN BRIEF; Peso closes at P55.11.
The peso closed higher at P55.11 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.265 the previous day. The weighted average rate appreciated to P55.142 from P55.361. Total volume amounted to $169 million. BSP keeps rates unchanged...

NEWS IN BRIEF; Peso closes at P53.51.
The peso closed lower at P53.51 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.46 the previous day. The weighted average rate depreciated to P53.505 from P53.452. Total volume amounted to $109 million. NEWS IN BRIEF ...

Yields on 91-day T-bill rise slightly to 7.658%; Bids for 1-year IOUs rejected.
The 91-day Treasury bill rate, tracked by banks to set their lending rate, rose by a slight 4.2 basis points at an auction yesterday as players remained cautious about the economy ahead of May elections. The 91-day T-bill fetched an average rate of 7.658 percent against 7.616...