NEWS IN BRIEF; P/$ Rate Closes at P54.03 to $1

Manila Bulletin, May 8, 2005 | Go to article overview

NEWS IN BRIEF; P/$ Rate Closes at P54.03 to $1


The peso rate closed lower at P54.030 to the US dollar at the Philippine Dealing System of the Bankers Association of the Philippines on Friday from R53.960 the previous day. The weighted average rate depreciated to P53.988 from P53.976.

Petrons Q1 profits seen up

Petron Corporation said its net profit for the first quarter will exceed the year-earliers R786 million because of the oil refiners cost controls and better export earnings. "First quarter 2005 is better than the same period last year because of cost controls we have implemented and exports growth," Petron chairman Nicasio Alcantara told reporters on the sidelines of the inauguration of the refiners $100 million isomerization unit and gasoil hydrotreater facilities in Limay, Bataan, north of Manila. Alcantara did not provide figures, but said growth in earnings for the quarter was just single-digit. The net profit for the first quarter of 2004 was up 77 pct from the same period in 2003. "We do not see a double-digit growth in this industry," he said. Petrons net profit for the whole of 2004 came in at R3.45 billion, 11.3 percent higher than the previous year, on the back of higher sales volumes and export margins. Alcantara said Petrons first quarter results will be released on Tuesday.

BSM students top UK exams

Three British School Manila students are celebrating an extraordinary achievement. Joker Arroyo (daughter of Sen. Joker P. Arroyo), Farah Fard and Bonnie Wheeler were placed in the top 10 in the recent GCSE (General Curriculum Secondary Education) examinations, a public examination taken by all 16 year old students in the UK and British schools worldwide. The three were in the top 10 from over 5,500 students worldwide who took the exam in the summer of 2004. The three students, together with the rest of their year group, are now studying for the IB qualification at the school and are rightly proud of what they achieved. Our parents were elated and I have stuck the certificate on my wall! said Bonnie Wheeler one of the recipients of the award. The British School Manila, located in Fort Bonifacio, is aimed at all nationalities and provides a British education for children aged 3-18. This year, the school will be sending its first International Baccalaureate graduates to universities worldwide.

ANC to break even this year

The ABS-CBN News Channel (ANC) expects a breakeven this year reversing its R40 million net loss in 2004, Peter Musngi vice president and managing director of ANC said. According to Musngi, ANC is in a much better financial position now and hopes to further improve its condition in the coming years. Musngi told reporters ANC will improve its financial standing through better cost efficiency and broader revenue streams. He added the re-launch of ANC this year should also boost its performance.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

NEWS IN BRIEF; P/$ Rate Closes at P54.03 to $1
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.