+ Follow SALOMON SMITH BARNEY Tag
SALOMON SMITH BARNEY
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[ArticleID] => 225015
[Title] => Texas Instruments sets $70-M expansion in RP
[Summary] => Texas Instruments, the country’s biggest exporter of electronic products, is investing an additional $70 million to meet the expected rise in global demand for electronic products starting this quarter.
This was announced yesterday by Norberto Viera, president of Texas Instruments Philippines Inc. during the CEO Forum of the Semiconductor and Electronics Industry of the Philippines (SEIPI).
Viera said that TI has expanded its manufacturing facility in the Baguio Export Processing Zone by 60,000 square feet.
[DatePublished] => 2003-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
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[ArticleID] => 191466
[Title] => URC taps ING, Salomon for dollar notes offering
[Summary] => Universal Robina Corp. (URC), the flagship company of the Gokongwei family’s JG Summit Holdings, confirmed yesterday plans of issuing US dollar-denominated notes this year to take its regional expansion program in full throttle, although the terms of the offer are still being worked out.
In a disclosure to the Philippine Stock Exchange, URC said it has appointed ING and Salomon Smith Barney as joint bookrunners and lead managers for the offering.
[DatePublished] => 2003-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 180863
[Title] => Pilipinas Shell mulls IPO by 1st qtr of 2003
[Summary] => Faced with possible sanctions from the Department of Energy (DOE), Pilipinas Shell Petroleum Corp. is likely to undertake an initial public offering and list its shares in the Philippine Stock Exchange (PSE) within the first three months of 2003.
Shell country chairman Eliseo Santiago said the company’s board is set to discuss the planned IPO next month.
"We have finished assessing the valuation of the shares but I can’t say anything until we get an approval from the board," Santiago said.
[DatePublished] => 2002-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 175709
[Title] => US economy withstood 9/11 shock better than hoped
[Summary] => WASHINGTON (AFP) – The US economy withstood last year’s terrorist strikes better than many experts had anticipated, averting a feared downward spiral that could have dragged down the global economy, economists said, as Americans yesterday marked the first anniversary of the attacks on, its soil.
Although the United States emergence from recession remains fragile and fraught with risks, analysts say the economy has shown its mettle by coming out of its downturn while absorbing the massive impact of the terrorist attacks.
[DatePublished] => 2002-09-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 162259
[Title] => US economy posts 5.6% growth in Q1, fastest in two years
[Summary] => WASHINGTON (AFP) – US economic output roared 5.6 percent higher in the first quarter of 2002, the government said Friday, slower than first estimated but still the fastest pace in nearly two years.
Consumer spending and business investment – the two critical components still needed to provide a sustainable recovery – were weaker than earlier thought, the data showed.
But companies were fighting their way out of the doldrums, posting their first improvement in after-tax profits in a year and a half, the Commerce Department said.
[DatePublished] => 2002-05-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 156970
[Title] => Globe Telecom eyes $100-M club loan
[Summary] => Mobile telephony leader Globe Telecom will tap the local market towards the end of the year for a $100-million syndicated loan to fully cover its $650-million capital expenditure budget for the year.
The plan comes on the heels of the successful raising of the company of $200 million from the sale to the international investment community of 10-year notes.
Globe chief finance officer Delfin Gonzales said yesterday that the company will draw down some $350 million from last year’s excess cash.
[DatePublished] => 2002-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 153819
[Title] => Jobless rate rises to 10.3% in Jan.
[Summary] => Unemployment rate crept up to 10.3 percent in January compared to 9.8 percent when it was last measured in October 2001, the National Statistics Office said yesterday.
Industrial jobs fell by 1.8 percent from a year earlier to about 3.6 million while agricultural employment rose by 7.4 percent to 11 million and jobs in the service industry grew by 7.2 percent to 14.1 million, the agency said in a statement.
The January unemployment rate was a full percentage point below the year-ago level of 11.3 percent.
[DatePublished] => 2002-03-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 149080
[Title] => ‘Investment-led,’ GMA says of RP’s growth
[Summary] => TORONTO, Canada (via PLDT) — President Arroyo said yesterday that the better-than-expected 3.4-percent growth of the Philippine economy last year was "investment-led" from the first semester’s consumption-led growth.
The President announced this during the luncheon reception hosted in her honor by the Empire Club of Canada and the Canadian Club of Toronto at the Fairmont Royal York Hotel here.
[DatePublished] => 2002-02-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097308
[AuthorName] => Marichu A. Villanueva1
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 137838
[Title] => BSP hires JP Morgan to underwrite $250-M loan
[Summary] => The Bangko Sentral ng Pilipinas has hired US-based investment bank JP Morgan Chase to underwrite a $250-million loan next month, the proceeds of which will be used to shore up the BSP’s dollar reserves.
"We have mandated JP Morgan Chase to raise an initial $250 million, we told them that we’ll accept their offer to arrange the borrowing at this rate," said BSP Governor Rafael Buenaventura. The BSP chief however, did not disclose the fixed interest rate.
[DatePublished] => 2001-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[9] => Array
(
[ArticleID] => 129283
[Title] => DOF nixes offer on sale of Meralco stake
[Summary] => The Department of Finance (DOF) has rejected one of six proposals for the privatization of Manila Electric Co. (Meralco) shares held by government. The rejected proposal was submitted by the Investment House Association of the Philippines (IHAP) and the ING Barings.
Government holds a 10-percent stake in the country’s best utility company which has been prioritized for sale to the private sector.
Finance Secretary Jose Isidro Camacho told newsmen that the IHAP/ING Barings proposal, which is for a money warrant, is not what government wants.
[DatePublished] => 2001-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
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abtest
September 12, 2002 - 12:00am
October 25, 2001 - 12:00am
