BusinessWorld (Philippines) articles from August 2006

BusinessWorld (Philippines) archives from August 2006

CALLING A SPADE.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Solita C. Monsod The Nursing Licensure Exams are composed of competency tests in five different areas, designed to determine whether or not the examinee "has the skills, attitudes and...

MOVERS, MAKERS, SHAKERS.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: J.J. Calero Beginning Sept. 1, the first Filipino president and GM for Procter and Gamble, Johnip Cua, will be retired after 28 achievement-filled years with the company. When asked why he...

STREET STRATEGIST.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Thads Bentulan The Street Strategist hereby dissects the nature of perfection of contracts. So far, we have discussed the definition of contracts, the limitations of the objects of...

THE VIEW FROM TAFT.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Frankie Villanueva Many companies today face the question of whether to go for greater vertical integration or for more outsourcing. Does one go for the greater competitive scope of vertical...

Gourmet nights and cooking classes at a Makati hotel.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Raoul J. Chee Kee For four years now, the Mandarin Oriental Manila has been holding Nights of Wine and Fine Dining at The Tivoli. The dinners that are held on the last Friday of each month...

New mall expands leisure options at Eastwood City.
August 31, 2006... (From BusinessWorld (Philippines)) Megaworld Corp. is fast-tracking the development of a new mall to add to Eastwood City's list of attractions. "Eastwood City Mall offers Eastwood City residents and habitues a new level of...

RESTAURANT ROW.
August 31, 2006... (From BusinessWorld (Philippines)) Edsa Shangri-La Dessert is something to look forward to at Heat for the whole month of September. A few to try include their chocolate mousse, creamy panna cotta, and creme brulee. Over at E's bar,...

Even with the good stuff, moderation is key.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Anne Nerissa C. Alina Chocolates, coffee, alcohol. These were three treats that were almost always dropped from a person's diet upon doctor's orders in the bad old days. It used to be an...

Fresh is better.
August 31, 2006... (From BusinessWorld (Philippines)) Do you like your coffee fresh? Then make sure your coffee is not only freshly brewed but freshly brewed with just roasted coffee beans. Bo's Coffee prides itself on the freshness of its beans with 90%...

Davao needs hotel, convention complex.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Hernani P. de Leon Davao City - This metropolis needs a hotel and convention complex, in the near to medium term, to accommodate the increasing number of big events and visitors, a ranking...

2 property appraiser groups to merge in next 2-3 years.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio The Institute of Philippine Real Estate Appraisers, Inc. (IPREA) and Philippine Association of Realty Appraisers, Inc., the country's association of appraisers, are...

SPECIAL FEATURES.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo The future of a nation is informed by its past. Without a sense of history and an appreciation for its beginnings, a country becomes a rudderless ship at the...

SPECIAL FEATURES.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo In July 1990, the twin philosophies of Dr. Shoichiro Toyota, then president of Toyota Motor Corp., and Dr. George S.K. Ty, Toyota Motor Philippines Corp. (TMP)...

SPECIAL FEATURES.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo "The poor you will always have with you." So says a passage in The Good Book, which could well lead one to think that eradicating poverty is practically...

Exemption of insurance products from tax pushed.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane A government-private sector group will propose a bill to Congress that will either reduce or remove taxes on insurance products and put them at par with other investment...

Bond markets told to face policy issues.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon Developing bond markets in the Asia Pacific would have to review their policies if the region wants to be recognized as one of three major world bond markets, a...

SPECIAL FEATURES.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo Corporate social responsibility (CSR) practitioners have hardly made a dent in poverty despite numerous scattered, albeit well-intentioned, efforts. The Sisyphean...

Share prices finish lower in mixed trading.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio with AFP The main index snapped out of its two-day rally as investors ignored easing oil prices in the global market ahead of the government's release of economic growth...

Carabao theft in Sarangani town stealing future of farmers' kids.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento Malungon, Sarangani - Carabaos stolen from farmers, for many, may just be considered a "petty crime." Even in media, such cases hardly get prominent space. But for...

Leaves of LatAm tree good feed for pigs.
August 31, 2006... (From BusinessWorld (Philippines)) The leaves of a tree imported from Latin America have been found to be good feed for pigs. The "fodder tree," commonly known as madre de agua or nacedero and scientifically named Trichantera...

COURTSIDE.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong I'm sure it wasn't easy for Golden State Warriors owner Chris Cohan to buy into the notion of once again writing checks for Don Nelson. After all, he did hale the latter...

BusinessWorld holds forum for SMEs.
August 31, 2006... (From BusinessWorld (Philippines)) BusinessWorld Publishing Corp., in partnership with the Private Enterprise Accelerating Resource Linkages 2 (Pearl2), hosted last Aug. 25 the third leg of the "Entrepreneurs Forum Series" for 2006 at...

American Express beefs up rewards program.
August 31, 2006... (From BusinessWorld (Philippines)) The American Express Peso Platinum Card offers an extensive travel- related rewards for its members, with over 40 airlines and 100 hotels within the Asia-Pacific region listed in its 2006 Membership...

Worldcom announces partners in China, Taiwan, Philippines.
August 31, 2006... (From BusinessWorld (Philippines)) Worldcom, one of the world's largest networks of independent public relations companies, elected three new Asia-Pacific partners at its recent regional meeting in Singapore. Paradigm Communications...

PEOPLE.
August 31, 2006... (From BusinessWorld (Philippines)) ACE Group names new exec The Insurance Company of North America, the Manila branch of the global insurance and reinsurance firm ACE Group of Companies, has appointed Julieta Guanlao as its senior...

BRIEFS.
August 31, 2006... (From BusinessWorld (Philippines)) Manila designers' exhibit Asia Lifestyle & Leisure Events, Inc. is presenting The Manila Designer's Shopping Exhibit, which will be held on Sept. 2-3 at The Renaissance Hotel in Makati City. The...

CONSUMER GUIDE.
August 31, 2006... (From BusinessWorld (Philippines)) Spazio Bernardo condominium township Spazio Bernardo, a Phinma Property Holdings Corp. (PPHC) condominium township, is situated on a 1.6-hectare property on Mindanao Avenue. It is just eight to 10...

Most tariff rates maintained as review ends.
August 31, 2006... (From BusinessWorld (Philippines)) The Cabinet-level technical working group's review of the country's tariff rates has finished, with most tariff rates "maintained," the Tariff Commission chairman told reporters yesterday. Edgardo...

BRIEFS.
August 31, 2006... (From BusinessWorld (Philippines)) Quedancor loan releases The Quedan and Rural Credit Guarantee Corp. (Quedancor) said it had released P2.2 billion in loans in the first half, pursuant to its mandate of providing affordable and...

UPSHOT.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Bernardo V. Lopez Anew adoration chapel has risen at the Mother Ignacia Healing Center. It features a wall fountain behind the altar where water trickles down. The altar has a giant...

Palace pushes computerization of Customs bureau.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco Malacanang is pressing the Bureau of Customs (BoC) to speed up its computerization. Customs Commissioner Napoleon Morales said he expects the program, which began...

Two Serendra model unit highlights nature, space.
August 31, 2006... (From BusinessWorld (Philippines)) Working on the premise that quality of life goes beyond the mere efficient use of space, Community Innovations has commissioned interior designer Tina Periquet to create a design for a two-bedroom model...

Zamboanga gets 94 applications for large-scale mining projects.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Darwin T. Wee Zamboanga City - The Bureau of Mines and Geosciences regional office for the Zamboanga Peninsula said it has received 94 applications for large- scale mining. Mines and...

'Texting' eyed in drive vs tax evaders.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane The continued non-issuance of receipts by businesses is giving the Bureau of Internal Revenue (BIR) the idea of expanding the informer's rewards program through short message...

Congress wants gov't say in Mirant sale.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales with Ira May Joyce P. Pedrasa Congress will press Mirant Corp. to seek consent from the government for the sale of its Philippine assets to ensure that the new...

House bills to form new ecozones.
August 31, 2006... (From BusinessWorld (Philippines)) The House of Representatives committee on economic affairs has approved three bills that seek to form new special economic zones in Misamis Occidental, Negros Occidental and Leyte. Specifically, the...

Chinese firm starts due diligence on Transco.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales State Grid Corp. of China, the largest power provider in China, is vying for state-owned National Transmission Corp. (Transco) and has started its due diligence on...

Backdoor listing of flag carrier Philippine Airlines in the offing.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Baguio Gold Holdings Corp., a listed Lucio Tan-controlled investment firm, expects to complete due diligence on the acquisition of five companies which own 81.57% of flag...

IPVG's call center venture to expand to 150 seats.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo The newly setup call center venture of listed firm IPVG Corp. is set to expand to 150 seats by yearend from the present 50 seats. IPVG formed IP Contact Center...

Transco seals deal to sell assets to power firm.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales State-owned National Transmission Corp. (Transco) yesterday signed a deed of absolute sale with San Fernando Electric Light and Power Co. (SFELAPCO) for the sale of...

4 firms express interest in contested mine site in Zambales.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave Four foreign mining firms have expressed interest to explore and develop a contested mine site in Zambales province that used to be leased by Dizon Copper Silver Mines,...

Forex losses trim Balabac's net income.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno Higher foreign exchange losses, and interest expenses trimmed the net income of listed investment firm Balabac Resources & Holdings Co., Inc. for the fiscal year ending...

Bidshot to pursue foreign expansion.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo with Veronica S. Cusi Homegrown online auctions firm Bidshot Wireless Services, Inc. is setting its expansion efforts on foreign markets where Internet penetration is...

Mirant pays P5 billion in taxes.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane Mirant Philippines, which has been accused of dodging taxes in Pagbilao, Quezon where it operates a power plant, yesterday paid the government some P5 billion in withholding...

TAXWISE OR OTHERWISE.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Harold S. Ocampo One of the reasons presented for the Bureau of Internal Revenue's (BIR) shortfall in revenue collection for April 2006 was the extensive use of Tax Credit Certificates...

New appointments.
August 31, 2006... (From BusinessWorld (Philippines)) Malacanang announced yesterday seven new appointments to various offices under the Office of the President. Executive Secretary Eduardo Ermita's Undersecretary Edwin Enrile was named deputy executive...

Beltran's rebellion case.
August 31, 2006... (From BusinessWorld (Philippines)) The Makati Regional Trial Court has upheld the rebellion charges filed against Anakpawis Representative Crispin B. Beltran, keeping the militant lawmaker in detention at the Philippine Heart Center in...

NAIA-3 case.
August 31, 2006... (From BusinessWorld (Philippines)) The Manila International Airport Authority (MIAA) asked the developer of the Ninoy Aquino International Airport Terminal-3 (NAIA-3) to rethink its recent decision asking the government to vacate the...

ADB funds for Pasig.
August 31, 2006... (From BusinessWorld (Philippines)) The Asian Development Bank (ADB) has released last month $11.7 million or about P596.4 million for the construction of a septage treatment plant for the rehabilitation of the Pasig River. Based on the...

Middle East jobs.
August 31, 2006... (From BusinessWorld (Philippines)) The Department of Labor and Employment said that Middle East countries are opening up their job markets despite the crisis in Lebanon. In a press release, Labor Secretary Arturo D. Brion said that...

House approves on final reading P46.4-B supplemental budget.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes and Reagan D. Tan The House of Representatives yesterday approved on third and final reading P46.4-billion supplemental appropriation for this year with a 173-3...

Magsaysay Award recipients stress people's rights, duties to push.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Anne Nerissa C. Alina "It may not be possible to have a corruption-free world, but we can dream of a world where every citizen is empowered enough to fight bribery, corruption and...

Estrada's plunder case.
August 31, 2006... (From BusinessWorld (Philippines)) Lawyers of deposed President Joseph E. Estrada formally terminated its presentation of evidences yesterday after submitting - as documentary evidence - certified copies in the anti-graft court of the...

Anti-graft commission strengthened.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco The Philippine Anti-Graft Commission (PAGC) is further strengthened by a new executive order enabling it to appeal the decision of the President regarding its...

SC dismisses 'dagdag-bawas' allegations vs 2 poll officials.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How The Supreme Court (SC) has dismissed a criminal complaint against two officials of the Pasig City Board of Canvassers (BOC) in connection with the 1995 elections "dagdag-bawas"...

Cedula drive to stay, says Palparan's replacement.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Elisa P. Osorio Residents of Central Luzon will still be asked to produce identification by patrolling Army men even after the general who initiated the so-called "cedula campaign"...

Mindanao business conference starts.
August 31, 2006... (From BusinessWorld (Philippines)) Zamboanga City - The 15th Mindanao Business Conference (Minbizcon) opens today in this seaport city to discuss what the country's second biggest island has attained, changes in the business environment,...

House minority reorganizes.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes The opposition bloc at the House of Representatives has reorganized following its members' failure to deliver the required number of votes to push forward the...

DoJ to summon Petron, tanker owner in Guimaras oil spill probe.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How and Ma. Elisa P. Osorio The task force created by the Department of Justice (DoJ) to investigate the criminal liability of those involved in the Guimaras oil spill is...

Population a main factor in cities' 'profitability'.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Suzette R. Daquiz Among 117 cities in the country, Ligao City in Albay proved the most prudent and efficient in handling its finances as it achieved a 52% net profit margin last year,...

Negros fishers blame oil spill for income cut.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Robert Leonoras Cebu City - Fisherfolk from the towns of Pulupandan and EB Magalona in Negros Occidental complained of loss of income after the oil spill in Guimaras caused consumers to shun...

Palace order clarifies rights of foreign carriers in Clark, Subic.
August 31, 2006... (From BusinessWorld (Philippines)) Malacanang has issued an executive order clarifying the liberalization of air transportation in Clark and Subic economic zones. Civil Aeronautics Board Executive Director Carmelo Arcilla welcomed...

Businessmen propose competitiveness plan.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico As the government prepares to stage a competitiveness summit next month, businessmen have proposed measures aimed at making the country a global player. The...

'Dream Cities' to highlight grassroots-led growth drive.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Reagan D. Tan Local government leaders yesterday stressed the need for requisite interventions in order to add fuel to the campaign for grassroots-level national development. Dagupan...

Napocor says power supply problems being addressed.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Alarm bells may have been sounded over a looming power crisis but state energy officials said plans to address the problem are proceeding smoothly. State-owned...

Air, sea services fees cut under EAGA.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo with Josefa L. Cagoco Air transport regulators Civil Aeronautics Board (CAB) and the Air Transportation Office (ATO) have implemented a 50% cut on all operating permits...

Stricter tax oversight sought.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane Congress will subject the Bureau of Internal Revenue and the Bureau of Customs to monthly audits, noting the tax bureau's P8.07-billion shortfall as of July and the Customs...

PNCC sets drastic reforms as franchise nears expiry.
August 31, 2006... (From BusinessWorld (Philippines)) Byline: Felipe F. Salvosa II with Michelle Syonne M. Reyes A drastic plan to restructure Philippine National Construction Corp. (PNCC) will turn the once monolithic state infrastructure firm that...

Peso hits fresh five-month high.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon The peso hit its highest level in almost five months versus the dollar yesterday amid firm overseas demand for local stocks and bonds. The rally came ahead of the...

Microfinance to get more boost - BSP.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Karl Lester M. Yap Microfinance is getting a boost in the Philippines as more banks seek to help provide financing to small enterprises. Eduardo Cabral Jimenez, central bank consultant...

Pag-IBIG first-half income jumps 22%.
August 30, 2006... (From BusinessWorld (Philippines)) The Home Development Mutual Fund or Pag-IBIG Fund posted a net income of P4.54 billion in the first half of the year, representing a 22% growth from last year's P3.73 billion. In a statement,...

Robert Bosch GmbH raises bar for auto lighting systems.
August 30, 2006... (From BusinessWorld (Philippines)) Since the 1900s, Robert Bosch GmbH has been pioneering innovative automotive technologies including automotive lighting systems, the company said in a statement. This reflects the company's...

CONSUMER GUIDE.
August 30, 2006... (From BusinessWorld (Philippines)) MasterCard, Sony Ericsson promo MasterCard holders who will purchase a Sony Ericsson M600i via their Platinum, Titanium or Gold MasterCard can avail of a free CLA-60 car charger kit. The Sony...

ONSTAGE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Juan Antonio Lanuza On August 17th I landed in HK full of anticipation. I quickly took the train to Kowloon and then a taxi to my favorite home away from home in Hong Kong, The Salisbury,...

Hopelessly devoted.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo Solid ties in the Roman Catholic faith are among the many major influences the Spanish rulers left behind after three centuries of colonialism. Just as the early...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo Literature teaches that there are four kinds of conflict: man against man, man against society, man against nature, and man against himself. During Ladies Who...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Johanna Paola D. Poblete Women are said to be chameleon-like creatures, capable of changing guises and shifting roles without batting an eyelash. Their power lies in their adaptability, in...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo Some guys fantasize about being the only male specimen basking in the attention of several women. Herminio "Minyong" G. Ordonez was in that enviable (though some...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Nanette Franco-Diyco It was indeed a good time to launch the first Ladies Who Lunch: The BusinessWorld Female Forum. We got the interminable rain clouds that had been blanketing Manila for a...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo Time waits for no man and neither will it wait for any woman, no matter how powerful or established she is. The Filipinos' penchant for showing up an hour or...

Philippine publication receives HP Indigo's 'Best in Print' award.
August 30, 2006... (From BusinessWorld (Philippines)) ProArtination, a book by visual artist Dopy Doplon, was recently conferred with a "Best in Print" award in Bangkok, Thailand by HP Indigo, Hewlett-Packard's line of presses that caters to professional...

SPECIAL FEATURE.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Leslie Samantha L. Marcelo The lion, the undisputed king of the jungle, has been exposed for the indolent fraud that he is. At the initial presentation of Ladies Who Lunch: The...

Shares up on last-minute bargain hunting.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio with AFP Share prices closed higher yesterday on last-minute bargain hunting in the absence of strong leads to provide direction. Investors shied away from most blue...

Shared space.
August 30, 2006... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo Three is definitely not a crowd at the Avellana Art Gallery where the works of three artists of different media and philosophies are currently on display. Here,...