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PHILIPPINE NEWSPAPER HIGHLIGHTS - MAY 1, 2003.

AsiaPulse News

| May 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MANILA, May 1 Asia Pulse - Highlights of today's newspapers:

THE MANILA TIMES:

- Investments in the country's economic zones rose by 28 per cent during the first four months of the year, the Philippine Economic Zone Authority reports.

- It remains uncertain whether Metropolitan Waterworks and Sewerage System (MWSS) would draw on the $60-million performance bond posted by Maynilad Water Services Inc.

- The Manila Electric Co. (Meralco) registered a loss of P2.01 billion in 2002 compared to a net profit of P1.48 billion the previous year, it said in a report to the Securities and Exchange Commission yesterday.

- The government will discuss key economic reforms with an International Monetary Fund mission next week.

- Fifty-four consignees at the port of Manila and the Manila International Container Terminal (MICT) are being investigated for smuggling, according to the Bureau of Customs (BOC).

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Source: HighBeam Research, PHILIPPINE NEWSPAPER HIGHLIGHTS - MAY 1, 2003.

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