Easy debt and the environment.
Jim Cochran ("Carbon on Credit," May/June, p. 14) points us to a corner of the global economy not well understood by most of its participants and a good many of its analysts. Few economists are able to accurately forecast changes in any economy, for one main reason: neoclassical economic...

Tollway firm may not be eligible for tax holiday.
Byline: Bernie Cahiles-Magkilat The South Luzon Tollway Corp. (SLTC), which is undertaking the expansion and extension of the South Luzon expressway, may not be granted income tax holiday perks because the government has already extended a sovereign guarantee to its loans. An official source said...

Business briefs.
COLUMN: Business briefs Local $447K to SMOC WORCESTER - The South Middlesex Opportunity Council Inc. received more than $447,000 in grant funding through the Federal Home Loan Bank of Boston to build affordable housing in the city. Statewide, the bank awarded...

P/$ rate closes at P53.46 to $ 1.
The peso rate closed lower at P53.46 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.40 the previous day. The weighted average rate depreciated to P53.423 from P53.385. Total volume amounted to $331.5 million. 7-yr T-bond fetches...

Peso closes at new low for the year.
The peso closed at a new low for the year against the US dollar yesterday, with banks building their dollar holdings ahead of the US Federal Reserve meeting late this week, traders said. The dollar closed at P53.460 on the Philippine Dealing System, its highest finish since...

Hearing on Cebu-Mactan link-up project.
Byline: MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has set a public hearing on the P2.0-billion Cebu-Mactan transmission interconnection project, to take into account the concerns of the affected parties. The National Transmission Corporation (Transco) is currently seeking the regulatory bodys approval of this...

DBP earmarks P4.2 B for hydro-power projects.
Byline: EDU H. LOPEZ The Development Bank of the Philippines (DBP) has earmarked at least P4.2 billion to finance hydropower projects in Mindanao in partnership with the private sector. "For the power sector, we have already approved P2.43 billion, involving a 2.5 megawatt mini hydro...

BPI named most outstanding PFI of DBP.
Byline: FIL C. SIONIL The Bank of the Philippine Islands (BPI) bested all other banks and has been named as the most outstanding participating financial institution (PFI) by the Development Bank of the Philippines. In a simple ceremony late Friday night in Makati, DBP Chair...

Real estate market may come down to earth.
Byline: Joe Mosley The Register-Guard The Eugene-Springfield residential real estate sales market is likely to cool somewhat in 2005, experts say. But given the scorching temperatures of the market in 2004, the relief probably won't be very noticeable to first-time buyers and newcomers to the area who...

DBP earmarks P4.2 B for hydro-power projects.
Byline: EDU H. LOPEZ The Development Bank of the Philippines (DBP) has earmarked at least P4.2 billion to finance hydropower projects in Mindanao in partnership with the private sector. "For the power sector, we have already approved P2.43 billion, involving a 2.5 megawatt mini hydro...