NEWS IN BRIEF; P/$ rate closes at P53.695 to $1.
The peso rate closed lower at P53.695 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.65 the previous day. The weighted average rate depreciated to P53.669 from P53.586. Total volume amounted to $321 million. 10-yr T-bond fetches...

Bayantel revenues rise 9% in semester.
Byline: EMMIE V. ABADILLA Banking on a customer-focused approach, Bayan Telecommunications Inc. (BayanTel) posted a 9 percent growth in revenues for the first half of the year, netting P2.9 billion versus P2.66 billion in the same period last year and now targets to be a service leader...

PLDT sees 2006 earnings at R32 B.
Byline: EMMIE V. ABADILLA The Philippine Long Distance Telephone Company (PLDT) will have a new wave of technology investments which will require capital expenditures of around $1 billion over the next three to four years, Chairman Manuel V. Pangilinan declared in yesterday's stockholders' meeting. The...

NEWS IN BRIEF; P/$ rate closes at P52.645 to $1.
The peso rate closed unchanged at P52.645 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P52.645 the previous day. The weighted average rate depreciated to P52.65 from P52.549. Total volume amounted to $377.48 million. JGS gets $300...

Local telecom market sustains growth.
Byline: EDU H. LOPEZ The local telecommunications market has sustained its growth with the mobile services taking the largest share of 66 percent in 2005. A study made by IDC Philippines showed that while the mobile services market continued to expand in 2005, its growth...

PLDT local currency rating may be upgraded - Moody's.
MANILA (XFN-ASIA) - Moody's Investors Service said it has placed the ''Ba1'' local currency rating of Philippine Long Distance Telephone Co. (PLDT) on review for possible upgrade due to the company's improving financial profile. Moody's expects to complete its review by the end of June. ...

Endnotes.
(883) "IT services will account for the largest share in technological investments, as acquisitions of infrastructure, software, and hardware have to a great extent already been made in the 2000-2003 period ... In Telecoms, the first set of interesting pockets of competence relevant to the software industry is associated...

NEWS IN BRIEF; P/$ rate closes at P52.66 to $1.
The peso rate closed higher at P52.66 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P52.98 the previous day. The weighted average rate depreciated to P53.776 from P53.055. Total volume amounted to $467.5 million. RP buys rice...

P/$ rate closes at P55.815 to $1.
The peso rate closed higher at P55.815 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.83 last Friday. The weighted average rate appreciated to P55.796 from P55.844. Total volume amounted to $158.3 million. Few Filipino businesses use...

PLDT nets R8.6 B in Q1, down 7%.
Byline: EMMIE V. ABADILLA Philippine Long Distance Telephone Company (PLDT)'s consolidated net income dipped 7 percent to P8.6 billion for the first quarter of 2006 compared to the same period last year after it accelerated the depreciation of its old network assets and posted almost 50 percent...