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SALES Talk
In a full-page paid advertisement in the leading newspapers containing his privilege speech on serious revenue generation and on the term-sharing agreement at the committee on ways and means of the House of Representatives, Congressman Herminio G. Teves clarified attacks in the media against him for vying for the chairmanship of the committee, one of which is his being old, then conflict of interest since his son, Margariio "Gary" Teves is the secretary of finance and that father and son tandem would not serve the country well.
Venture capitalist eyes biotechnology start-ups in RP
A global venture capitalist that has successfully invested in information technology (IT) enterprises listed in the Nasdaq stock market is looking into possible investments in biotechnology start-ups that have huge profit growth potentials.
ERC sets capex guidelines for distribution utilities
The Energy Regulatory Commission (ERC) is now finalizing guidelines on determining cost allocation for capital projects embarked upon by distribution utilities.
PhilEXIM allocates P450 million for financing SME development
State-owned Philippine Export-Import Credit Agency (PhilEXIM) has made available R450 million to help the government pump prime the development of small and medium entrepreneurs (SMEs) in the export market, officials said yesterday.
2 foreign groups commit to invest in gaming industry
At least two foreign groups have made their firm commitment to invest in the gaming and entertainment industry in the Philippines, Philippine Amusement and Gaming Corporation chairman Efraim C. Genuino said.
Coal briquettes explored as alternative fuel to costly LPG
The Department of Energy is experimenting on commercial development of coal briquettes as alternative to liquefied petroleum gas (LPG), as a way to ease pricing pressures on this commonly-used commodity for cooking.
Favila favors 100% foreign ownership in gaming
Noting the gaming industry as a high-growth sector, Trade and Industry Secretary Peter B. Favila is amenable to granting "flexibility" on the foreign ownership limit in gaming operations in the country but only for those who can develop large-scale and world-class projects.
Ayala Land completes first phase of development for One Serendra
One Serendra, one of Ayala Land’s most anticipated developments under its high-end business unit Ayala Land Premier (ALP), held its ceremonial top-off last Jan. 17, 2006, marking the completion of the first phase of the development, which is a sprawling garden residential condominium in Bonifacio Global City.
Call center industry expects continued growth
The local call center industry anticipates continued growth on the strength of strong demand for its services, said Rainerio Borja, president of the Call Center Association of the Philippines (CCAP).
Corporate Social Responsibility
At crisis times, women filtering through the economic spectrum are commonly becoming part of the problem-solving repertoire.
Weak competition dampens entrepreneurship in the country
The lack of strong competition in the Philippines is discouraging the growth of new businesses and small and medium enterprises (SMEs) in the country. The more than 20 years of trade liberalization in the manufacturing sector has not resulted in any significant increase in competition, preventing the economy from reaping more of the benefits of trade liberalization. This is the gist of a paper prepared by Rafaelita Aldaba, Research Associate at the Philippine Institute for Development Studies (PIDS).
RP sovereign bonds down but rally seen to continue
SINGAPORE (Dow Jones) — Sharp declines Friday in prices of Philippine US dollar-denominated bonds aren’t likely to derail an eight-month rally in the sub-investment grade country’s debt as investors, faced with historically tight credit spreads, remain eager to take on risk.
RLC bares Merville property dev’t
Robinsons Land Corp. (RLC) has acquired a 9.3-hectare property of Jardine Davies Investments, Inc. located at Merville, Parañaque City. The acquisition cost was however not disclosed by the company.
APEC villas’ developer, SBMA urged to explore amicable settlement
"Big and small issues may divide us, but common goals bind us — to build and operate facilities, generate employment and promote tourism in the Subic Bay Freeport Zone."
Immigration Solutions
Criminal convictions can have severe immigration consequences. However, an individual facing a criminal conviction may avoid some of the harsh consequences by having his/her criminal attorney consult with an experienced immigration attorney. It is important for the immigration attorney to analyze the criminal case because the defense strategy for a legal permanent resident will be different for each case. The analysis changes depending upon past convictions and what type of immigration relief is potentially available.
Microsoft aims at 2-digit revenue growth in Asia
HONG KONG, Feb. 24 (Reuters) — Microsoft Corp., the world’s biggest software firm, said it aims to boost Asian revenue outside of China and Japan by a double-digit percentage rate over each of the next three years.
New Matsushita chief bets on flat panel TVs
TOKYO (AP) — Matsushita Electric’s incoming president, Fumio Ohtsubo, said Friday he sees the switch from conventional TVs to flat-panel televisions as an opportunity that comes only once in several decades.
World ethanol demand to test Brazil cane industry
SAO PAULO, Brazil, Feb. 25 (Reuters) — Brazilian sugar cane mills, the world’s top producers, have visions of motorists from New York to Tokyo filling their tanks with ethanol, making the biofuel a full-fledged world commodity and making local producers as rich as Saudi sheiks.
Gov’t to relaunch BOT program with amendments
The administration is relaunching its build-operate-transfer (BOT) scheme program and its other variants to attract investors to implement infrastructure projects that the government is unable to put in place due to budgetary constraints.
PSALM seeks JBIC’s consent on transfer of Napocor debt
The Power Sector Assets and Liabilities Management Corporation (PSALM) has raised anew with the Japan Bank on International Cooperation (JBIC) its long-standing bid for the completion of the transfer of the National Power Corporation’s outstanding debts under its charge.
For potato French fries
The Philippines should explore the use of the indigenous and organic cassava as a cheap, more healthful, and crispy raw material to substitute potato in French fries and reap the benefit of a lucrative, and job-generating cassava industry.
DoF, BoI agree to relax rules on transferability of tax credits
The Board of Investments and the Department of Finance have signed a memorandum of agreement (MoA) relaxing the rules on the transferability of tax credits in an effort to assist companies belonging to a "distressed industry".
Common Asean production network eyed
Member-countries of the Association of Southeast Asean Nations (ASEAN) are closely working on a common production network in a bid to achieve a single market.
Sumitomo to expand Palawan nickel mine
Sumitomo Metal Mining Co. Ltd. of Japan has confirmed of plans to expand its mining operations once government lifts a memorandum that removes incentives on mineral extraction project of its wholly-owned subsidiary Coral Bay Nickel Corp. (CNBC) in Palawan.
NEWS IN BRIEF
The peso rate closed at P52.20 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P52.009.
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