| |
|
|
 |
 |
|
Saipan Superior Court orders Fortune Tobacco of Lucio Tan to pay 1.9 million dollars for not complying with local tobacco laws
The Superior Court has found a Philippine cigarette manufacturer owned by beer and tobacco magnate Lucio Tan liable to pay .9 million plus costs and fees to the CNMI government for not complying with local tobacco laws.
Remittances through the banks gain
The Bangko Sentral ng Pilipinas said more Filipino overseas workers are using the banking channels to remit their hard-earned cash home, which they advise is safer and less costly for the remitter and beneficiary.
Oil firms cut prices by R0.50/liter
At the onset of the New Year, the oil companies are offering last ditch treat to Filipino consumers via reduction in their pump prices by R0.50 per liter to reflect recent softening in global crude prices.
BAP hopeful on SPV Law extension
Bankers Association of the Philippines (BAP) President Cesar E. A. Virata is looking forward to the extension of the Special Purpose Vehicle (SPV) law, particularly the sunset provisions, which would allow banks to let go of its non-performing assets with certain incentives.
Exporters wary of peso appreciation
While the continued strengthening of the peso against the US dollar has become an achievement and as a source of relief to the government, this has caused some worries among exporters.
Comelec officials welcome probe on P1.3-B contract
Commission on Elections Chairman Benjamin S. Abalos Sr. and other Comelec officials welcomed yesterday the projected investigation by the Ombudsman on the R1.3-billion poll automation contract, saying it will give them a chance to ventilate their side and clear their names on the issue.
Phisix main index ends year up 15%; bull run to continue?
The local bourse ended 2005 with the Phisix main index posting a respectable 15 percent annual gain after a roller coaster year to close at 2,096.04 from 1,822.83 at the end of 2004 and many hope this is the prelude to a bull run in the coming year.
EXPORT ACTION LINE
Somebody once said that "people are the greatest assets in a company. There is no "us" and "them" attitude here; everyone is important." It is ironic that many people are preaching that the productivity level of employees is the mainstay for the survival of a company – and yet they are not concerned about the rewards and recognition in the workplace. This should not be so. Simply because recognition for work well-done is a major if not the top motivator of employee performance. Yes, the potential power of recognition and rewards in motivating employees is awesome. It cannot be ignored even by performance management experts.
Manufacturing industry sustains rebound; VaPI gains 14% in Oct.
The manufacturing industry continued to pick up as the value of production index (VaPI) rose to 13.9 percent in October 2005.
Japanese business sentiment in ASEAN dips
Japanese business sentiment declined in all surveyed locations in the ASEAN, while it is improving in China and North Asia for December 2005.
Nikkei ends year with biggest gain since 1986
TOKYO, Dec. 30 (Reuters) — Tokyo’s Nikkei share average finished the year on Friday with its biggest annual gain since the 1980s asset bubble, surging 40.24 percent in 2005 on expectations that Japan’s once sluggish economy can post steady growth.
Intel unveils new logo in branding overhaul
SAN FRANCISCO, Dec. 30 (Reuters) — Intel Inside is out.
P/$ rate closed at P53.09 to
The peso rate closed at P53.090 to the US dollar last Thursday, the last trading day of 2005, at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P53.062. Financial markets are closed Friday for a public holiday. Trading will resume Monday.
|
|
|
 |
|
