Philippines' PNCC takes express to recovery

Article Abstract:

The Philippine National Construction Co. (PNCC) reported its first net profit in 12 years amounting to 47 million pesos on revenues totalling 1.13 billion pesos in 1995. PNCC acting Pres. Melvin Nazareno attributed the company's turnaround to its joint venture contracts with foreign companies which promises to earn billions of pesos of the next several years. He also added that the current construction boom and PNCC's ownership of 6.6 billion pesos worth of prime land in Manila will help boost the company's long-term profits.

Construction, Construction industry, Philippine National Construction Corp.

---

ADB loan fund could be imperiled by some members' reluctance to donate

Article Abstract:

The Asian Development Bank (ADB) is looking to wealthier member-countries such as South Korea, Taiwan and Singapore to help replenish its depleted loan fund. These countries are, however, reluctant to grant the ADB's request for increased contributions despite the fact that ADB interest-free loans are partly responsible for their present prosperity. ADB officials warn that the Asian Development Fund could be exhausted by early 1997 unless members infuse more money into it.

All Other Nondepository Credit Intermediation, NONDEPOSITORY INSTITUTIONS, Development Banks, Asian Development Bank (Manila, Philippines)

---

Where's the export boom?

Article Abstract:

Exporters in Asia claim the sharp currency depreciations in the region failed to result in an expected export boom. Exports from Southeast Asia and South Korea are flat or down when compared to exports in 1997. According to Sergio Ortiz-Luis, president of the Philippine Exporters' Confederation, if inflation occurs, it is not certain whether the peso decline will offset the increased costs.

Foreign Trade Companies NEC, Other Miscellaneous Nondurable Goods Wholesalers, WHOLESALE TRADE--DURABLE GOODS, Economic aspects, International trade, Exports, Asia, Trading companies

Similar abstracts:

• Abstracts: More of the same: Japan's economic package fails to excite. The burden of proof
• Abstracts: Slipping standards; furore over interview highlights problems with TV shows. Solitary sailor: sea-faring adventurer is most at home alone on the high seas
• Abstracts: Build it and they will come to Indonesia. Salt on Asia's wounds: worries grow over derivatives hiding in books
• Abstracts: Plenty more rooms at the Stakis inn. Alchemy Partners to spend more time in pubs. The role of the Council of Forte
• Abstracts: Makers of corporate jets seek to sell the benefits of their wares in Asia. Ex-U.S. military bases battle for tourist troops

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.