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  • Survey finds businessmen see lower sales, exports, and profits
    BERNIE CAHILES-MAGKILAT
    01/15/2009 - 00:09
    Main Business
    Filipino business leaders expect turnover, exports and profitability to dip this year compared to 2008 as they brace for the full effects of the global financial crisis but Filipinos are still relatively optimistic compared to their neighboring countries, survey results said.
  • ADB to triple capital to boost lending
    YUZO SAEKI
    01/15/2009 - 00:09
    Main Business
    TOKYO, Jan. 14 (Reuters) – The Asian Development Bank plans to raise the cash available for lending to countries hit by the world economic crisis by tripling its capital base to $ 165 billion.
  • NGCP needs $ 300-M capital infusion
    MYRNA M. VELASCO
    01/15/2009 - 00:09
    Main Business
    As a concessionaire for the assets of the National Transmission Corporation (TransCo), the National Grid Corporation of the Philippines (NGCP) will need immediate capital infusion of $ 300 million for programmed projects intended to upgrade and expand the country’s transmission system.
  • PNP imposes gun ban during Sinulog Festival
    PHOEBE JEN INDINO
    01/15/2009 - 00:09
    Regional
    CEBU CITY — The Police Region 7 Office (PRO 7) said yesterday Camp Crame has approved a proposal to impose a gun ban during the celebration of the Sinulog Festival on Saturday and Sunday.
  • Toledo City gov’t, firms finalize plan for P140-M ecozone
    MALOU M. MOZO
    01/15/2009 - 00:09
    Regional
    TOLEDO CITY, Cebu — The city government and multinationals here are finalizing plans for the development of a 54-hectare property into an economic zone (ecozone).
  • No outright demolition in Boracay — Atienza
    01/15/2009 - 00:09
    Regional
    Environment and Natural Resources Secretary Lito Atienza assured yesterday land and property owners in Boracay that there will be "no outright demolition" of private structures when the government starts implementing a Supreme Court decision that classifies the island as forest land.
  • Petilla cites reasons for retrenchment of workers
    JACK GADAINGAN
    01/15/2009 - 00:09
    Regional
    TACLOBAN CITY — It is dictated by fiscal management caused by limited fund and the salary cap set for local government units (LGUs) by the Department of Budget and Management (DBM).
  • VISAYAS NEWSBITS
    01/15/2009 - 00:09
    Regional
  • P140-B spending set for infra, services
    EDU H. LOPEZ
    01/15/2009 - 00:09
    Main Business
    The national government will spend P140 billion in infrastructure this year to pave the way towards greater integration and help stave off the effects of the global economic crisis.
  • Gov’t to pursue PNOC-EC privatization
    MYRNA M. VELASCO
    01/15/2009 - 00:09
    Main Business
    Despite the lingering global economic slump, the national government (NG) is keen at pushing the scheduled privatization of the Philippine National Oil Company-Exploration Corporation (PNOC-EC) to partly prop up the country’s fiscal status.
  • P/$ rate closes at P47.13/$ 1
    01/15/2009 - 00:09
    Main Business
    The peso exchange rate closed higher at P47.13 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P47.55 the previous day. The weighted average rate appreciated to P47.145 from P47.591. Total volume amounted to $ 756.96 million.
  • 2 British experts urge RP to continue peace process
    01/15/2009 - 00:09
    Regional
    Peace process is always thorny and tricky, but it must be pursued without let-up until a final peace agreement is forged.
  • 13 inmates dig tunnel, bolt Sulu prov’l jail
    BONG REBLANDO
    01/15/2009 - 00:09
    Regional
    ZAMBOANGA CITY — At least 13 notorious criminals, including a terrorist Abu Sayyaf member, escaped from the Sulu Provincial Jail at Tuesday dawn by crawling out of their cell through a clandestine tunnel they built, police said.
  • DENR warns illegal loggers in Mindanao
    MIKE U. CRISMUNDO
    01/15/2009 - 00:09
    Regional
    DAVAO CITY — A top regional official of the Department of Environment and Natural Resources (DENR) in southern Mindanao warned yesterday illegal loggers and illegal miners, including those involved in destroying the natural resources, to stop their nefarious activities as government authorities have started hunting them down.
  • Rockets fly and Israel retaliates
    01/14/2009 - 23:29
    Opinion
    THE Bush administration had hoped to wrap up a Middle East peace settlement before leaving office. Yet now as the Bush administration comes to a close, any settlement is farther from possibility than ever. The militant Hamas which won the elections in 2006 and pushed the more moderate Fatah, out of Gaza, to the West Bank, is still in no mood for peace or even a two-state solution. Hamas still denies the state of Israel’s right to exist, and after a six-month ceasefire has renewed its campaign of firing rockets into Israel despite warnings from Israel that it might retaliate.
  • Young Economists’ Convention holds its Eighth Annual Conference and Second International Conference January 15-17, 2009
    01/14/2009 - 23:26
    Opinion
    COMMITTED to produce young but holistic and socially responsible economists and pursue a legacy of continuous improvement in economic research for policy development, the Young Economists’ Convention (YEC) was founded in 2001.
  • Business Options
    Zoilo P. Dejaresco, III
    01/14/2009 - 23:08
    Main Business
    Renowned architect Felino Palafox of the Palafox and Associates, is no accidental hero.
  • PSE tells SMC to explain lack of disclosure on Petron purchase
    01/14/2009 - 23:06
    Main Business
    The Philippine Stock Exchange has issued a show cause letter to San Miguel Corporation (SMC) to explain why the conglomerate should not be penalized for failure to comply with disclosure requirements regarding its planned acquisition of a majority stake in Petron Corporation.
  • BOTC focuses on promotion of LGU projects
    BERNIE CAHILES-MAGKILAT
    01/14/2009 - 23:05
    Main Business
    The Build-Operate-Transfer Center (BOTC) has focused its investment efforts on promoting and packaging projects of local government units (LGUs) particularly water and sewage treatment, farm to market roads and social infrastructure to be able to attract financing from multilateral funding institutions such as the World Bank and its investment arm, the International Finance Corp.
  • Holopainen bows out of WESM; replacement to be selected next week
    MYRNA M. VELASCO
    01/14/2009 - 23:03
    Main Business
    After more than six months of ‘transitioning’ since he first sounded off plans of leaving his post, Philippine Electricity Market Corporation (PEMC) president Lasse A. Holopainen finally bowed out from the helm of the Wholesale Electricity Spot Market.