BusinessWorld (Philippines) articles from July 2006, page 3

BusinessWorld (Philippines) archives from July 2006

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: Kristine Carmela F. Gonzales Despite being liberalized, the retail trade sector failed to attract the big foreign retailers, that liberalization proponents had touted would come knocking...

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: The Political Staff Proposals to revise the 1987 Constitution and change the form and structure of government are again in our midst. These were sought during Mr. Ramos's term and was...

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: Maria Eloisa I. Calderon When the 53-man Consultative Commission To Propose Revision of the 1987 Constitution (ConCom) proposed the lifting of ownership limits to mass media and advertising,...

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: Liezl Eillen C. Antonio Television, which is the main and cheapest mode of entertainment for most Filipinos, continues to bag the bulk or 75% of traditional advertising budget in the...

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How Even as the benefits of an economy more open to foreigners have been discussed time and again, neighbor members of the Association of Southeast Asian Nations (ASEAN) have left...

Special Report: Anniversary Report 2006 (time for an open economy).
July 27, 2006... (From BusinessWorld (Philippines)) Byline: The Political Staff There is no stopping the Charter change train this time, proponents proclaimed, citing survey results indicating increasing public support for their cause. A Pulse...

AD LIB.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Greg B. Macabenta The notion that the President's State of the Nation Address would actually address the real state of the nation is as naive as expecting Garci to admit fixing the...

BYSTANDER.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Dean O. de la Paz It is commendable that despite political pressure and accusations from conflicted officials, in the Masinloc mess, Meralco stands its ground and correctly focuses on the...

FAST FORWARD.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Argee Guevarra PAGASA sought to downplay it, but Typhoon Glenda was supposed to be code-named Gloria. No kidding. It's true. The weather bureau said it had to change the name to avoid...

CAPITAL VIEW.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Mercedes B. Suleik On Friday, July 28, 2006, my father, Victor E. Balota, would have turned 93. But he passed away in January last year, at the ripe old age of 91. My father would not have...

GRASSROOTS & GOVERNANCE.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Teresa S. Abesamis To be honest, I was quite pleased with the President's State of the Nation Address (SONA) yesterday. Perhaps it is my increasing dotage, but I'd like to think that having...

Shoptalk.
July 26, 2006... (From BusinessWorld (Philippines)) Executive transfer The market was abuzz last week that a top executive of a major beverage company had bought some shares in the local partner of a rival beverage firm. While diversifying one's...

Art and texting combine for art awards.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco "What can we do to make more people involved with art?" was the challenge Ateneo Art Galle-ry (AAG) curator Ramon Lerma sought to address in Outbound: The 2006 Ateneo Art...

ARTS & CULTURE.
July 26, 2006... (From BusinessWorld (Philippines)) Book launch Anvil Publishing launches Bad Kings, a children's book of four stories by Gilda Cordero-Fernando, on July 27, 5:30 p.m., at The Lounge, 2nd Floor, The Podium, Ortigas Center. For the...

ONSTAGE.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Juan Antonio Lanuza My main reason for going to Singapore was to attend the Singapore Lyric Opera's presentation of Mozart's The Marriage of Figaro at the Esplanade Theatre. Fortunately, my...

Even illness can't get Malang down.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco Flanked by his son and grandson, Mauro "Malang" Santos arrived at the venue of his new exhibit a few hours ahead of the opening reception. His head was a bit bowed while...

Dance master classes in August.
July 26, 2006... (From BusinessWorld (Philippines)) Anna Villadolid, one of the Philippines' foremost ballerinas, will conduct master classes in Intermediate and Advanced Ballet and Pirates for dancers on Aug. 2 to 12 at the Steps Dance Studio. Miss...

Local millers, US Wheat Associates launch Mabuhay Tinapay initiative.
July 26, 2006... (From BusinessWorld (Philippines)) Local wheat flour millers, representing members of the Philippine Association of Flour Millers (PAFMIL) and Chamber of Philippine Flour Millers (Champflour), have combined resources with US Wheat...

Puregold steps up program to boost development of microenterprises.
July 26, 2006... (From BusinessWorld (Philippines)) Hypermart chain Puregold has strengthened its "Tindahan ni Aling Puring" program, helping to further the development of the sari-sari or corner store business in the country. The program takes on...

NBDB program trains teachers to promote reading effectively.
July 26, 2006... (From BusinessWorld (Philippines)) Through special training programs conducted by the National Book Development Board (NBDB), 156 teachers have been equipped with fresh concepts and strategies aimed at promoting reading effectively among...

UPSHOT.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Bernardo V. Lopez The people of Rapu-Rapu feel it is a slap on the face for the government to allow Lafayette Philippines, Inc. to continue operating in spite of causing so much damage to...

Go Negosyo sa Eskwela kicks off today.
July 26, 2006... (From BusinessWorld (Philippines)) In its bid to cultivate an entrepreneurial mind-set among Filipinos, local advocacy organization Philippine Center for Entrepreneurship (PCE) promotes entrepreneurship among the youth through a...

COURTSIDE.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong For the third time in three years, Chris DiMarco came to within a whisker of winning a major championship. Yet, considering his position heading into the 135th British...

CONSUMER GUIDE.
July 26, 2006... (From BusinessWorld (Philippines)) Starbucks Black Apron Exclusives Starbucks Coffee offers its newest Black Apron Exclusives this season by introducing Kopi Kampung from Sulawesi, Indonesia. Kopi Kampung is said to have the elegant...

NOT SO FAST.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Tito F. Hermoso Must 4x4 SUVs go off-road to justify their existence? Well, the "Sport" in SUV can mean play, but what kind of play? The tight tribe of off-roadies or off-roaders insists...

Stocks get boost from Wall Street, SONA.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio The 30-company PSEi climbed to its strongest level since July 5, boosted by overnight gains on Wall Street and President Gloria Macapagal- Arroyo's announcement of...

BSP sees no further hitches to credit bureau measure.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Felipe F. Salvosa II Monetary authorities are calling on the House of Representatives to speed up the passage of a bill creating a centralized credit information bureau, seeing no further...

Peso hits fresh 2-month high.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon The peso yesterday hit a fresh two-month high against the dollar amid renewed investor confidence in the Arroyo administration, which promised more government spending...

Mactan airport chief suspended amid probe.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - The board of directors of the Mactan-Cebu International Airport Authority has suspended airport General Manager Adelberto Yap pending an investigation into...

Champions again take the Isuzu Challenge.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo When comparing notes with fellow journalists who would rather brave the city traffic, potholes and all, than take a cramped bus or an even more confined and...

No kidnap groups in Cebu City, say police.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - The police have assured that there are no kidnap-for- ransom groups in Cebu but the business community is concerned about the safety of those who do business...

Shell promises a Ferrari kick with its new V-Power fuel brand.
July 26, 2006... (From BusinessWorld (Philippines)) Shell recently introduced its V-Power fuel brand, promising racing enthusiasts, car lovers and ordinary drivers alike the fuel that powers Ferrari in their very own cars. Shell V-Power, the firm said,...

Three-year T-bond yields fall.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon Yields from the three-year Treasury bond fell for the first time in two months amid positive sentiments bolstered by a US Federal Reserve policy statement that...

Super-regions slammed.
July 26, 2006... (From BusinessWorld (Philippines)) The President's plan to divide the Philippines into five "super- regions" runs counter to the decentralization policy under the Local Government Code, Senate Minority Leader Aquilino Q. Pimentel, Jr....

Japan role in peace process seen good for business.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento General Santos City - Trade officials in the Autonomous Region in Muslim Mindanao (ARMM) hailed yesterday the entry of Japan in the peace process, noting this development...

Negros drivers warn of strike.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Robert Leonoras Bacolod City - Transport groups in this city and in the entire Negros Occidental province warned of a strike to protest the alleged illegal confiscation of drivers' licenses...

Citra Metro Manila Tollways wants South Luzon Toll to shoulder losses.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico Citra Metro Manila Tollways Corp., investor of the Skyway System, wants the South Luzon Toll Corp., proponent of the P3.8-billion South Luzon Expressway (SLEX)...

Pay-television outfit sees profitability by yearend.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Lopez-led Central CATV, owner of the SkyCable and Home Cable pay- television companies, is expecting profitability in the last quarter from a net cash deficit of P50...

Manila Water to build P630M septage plant in Antipolo City.
July 26, 2006... (From BusinessWorld (Philippines)) The Manila Water Company is teaming up with Singaporean firm Salcon PTE Ltd for the construction of a P360 million septage treatment plant in Antipolo City after the project was commissioned to the...

Grandspan to partly construct shipbuilding facility in Subic.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico Lucio Tan-owned Grandspan Development Corp. has entered into an agreement with Hanjin Heavy Industries & Construction Co., Ltd. to undertake steel structure works at...

Metro Alliance Holdings & Equities allots P30.1 million to improve.
July 26, 2006... (From BusinessWorld (Philippines)) Publicly listed holding company Metro Alliance Holdings & Equities Corp., said in a regulatory filing with the Securities and Exchange Commission that it has allotted P30.1 million for capital...

Oversubscribed Petron notes fetch P5.5B.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Major oil refiner Petron Corp. has tapped the local debt market through the sale of P5.5 billion worth of corporate notes to fund its expansion program, company...

Generali Pilipinas projects higher bancassurance take.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno Italy-based insurer Generali Pilipinas expects a higher income from premiums this year from increasing customer demand of its bancassurance partnership with Sy-led Banco...

225 arriving from Lebanon.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: AFP and Ira May Joyce P. Pedrasa A fresh batch of 225 Filipino workers from war-torn Lebanon were expected to arrive home before midnight yesterday, the Foreign Affairs department said. ...

Electric co-op postpones bid for 200-MW supply.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - Aboitiz-controlled Visayan Electric Co., Inc. (VECO) has indefinitely postponed the final submission of bids for the supply of 200 megawatts (MW) of power to...

Water distributor sets P300-M expansion.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Locally owned Balibago Waterworks System, Inc., a water distribution company operating mainly in Central Luzon, is investing close to P300 million in the next two...

Hotel cuts Pagcor pact.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico Grand Boulevard Hotel along Roxas Boulevard in Manila said it has terminated its lease contract with Casino Filipino-Philippine Amusement and Gaming Corp. (Pagcor)...

US help sought in linking spy Aquino to opposition figures.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How The government is seeking the assistance of the United States in obtaining documents that may implicate several officials linked to alleged spy Michael Ray Aquino, following...

UN report tags cross-border services trade as poor economies' best.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Bernardette S. Sto. Domingo Cross-border movement of workers, business process outsourcing (BPO) and tourism are expected to improve the lives of the poor in Asia and the Pacific, the United...

Row over gas field earnings stunting Palawan.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave The legal battle between the national government and the province of Palawan over billions of pesos worth of earnings from the Malampaya Gas Field has hindered...

Rebel accused of sparking Maguindanao clash says he is innocent.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento Cotabato City - Come and get me. With sophisticated US military hardware allegedly bought from government troops surrounding him, Sajid Pakiladato, commander of the Moro...

Cebu banks on major property developments.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - The Cebu provincial government, the biggest single landowner in Cebu City, has reported that it had P11.4 billion in assets and over P2 billion in cash,...

Tacloban airport upgrade gets priority.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Lemuel L. Pagliawan Tacloban City - The plan to rehabilitate and upgrade the Daniel Z. Romualdez (DZR) Airport in this city has been included in the list of projects for the next five years....

Subic reports 23% rise in collections.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Rey Garcia Subic Bay Freeport - This premier freeport zone posted a 23% increase in collection for the first half of the year, a recent press statement read. Subic Bay Metropolitan...

300-M 'Super 3G' users expected in five years.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo The world might see some 300 million 3.5G mobile broadband subscribers by 2011, despite the lack of devices and content within the first two years of its launch,...

Reshuffle not seen in Villar-led Senate.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Francis Y. Capistrano The transfer of the Senate presidency to Senator Manuel B. Villar, Jr. from Franklin M. Drilon would not cause a major reshuffle in the Senate leadership, senators...

INDICATOR: First-quarter investments up 10.5% year on year.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Anne Nerissa C. Alina Total approved investments expanded 10.5% in the first quarter to P73.031 billion against P66.105 billion in the same period last year, data from various promotion...

Gotesco Land faces penalty for late financial reporting.
July 26, 2006... (From BusinessWorld (Philippines)) The Securities and Exchange Commission (SEC) slapped a P107,500 penalty on listed Gotesco Land, Inc. for late filing of its 2005 annual report under the new accounting standards. In a letter to the...

Impeach cases sent to justice committee.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes A day after the opening of the third and last regular session of the 13th Congress, lawmakers during plenary session yesterday transmitted the six impeachment...

RP looks to bilateral deals, free trade areas.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Beverly T. Natividad and Kristine L. Alave A possible shelving of World Trade Organization (WTO) talks following the failure of discussions by major trade powers means the Philippines would...

Senators open to supplemental budget.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Francis Y. Capistrano with Reagan D. Tan Senators are open to considering a supplemental budget but are still hopeful that a 2006 budget would be passed. Senator Franklin M. Drilon,...

Gov't to borrow $750 million via global bond issue.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon The government is tapping the global bond market anew via a program to sell $750 million in sovereign bonds through the reopening of its existing 2016 and 2031...

Financial environment still lagging in openness.
July 26, 2006... (From BusinessWorld (Philippines)) Byline: Karl Lester M. Yap Singapore - The Philippine banking and financial environment is still not as open as some of its peers in the Asia-Pacific region and analysts said regulators need to do...

Healing time set for warring Moro groups.
July 25, 2006... (From BusinessWorld (Philippines)) Davao City - After the Maguindanao ceasefire over a week ago, the Moro Islamic Liberation Front (MILF) will be initiating a healing process for those involved in the recent conflict that nearly nullified...

Davao to ban aerial chemical spraying in farmlands.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Hernani P. de Leon Davao City - Aerial spraying of chemicals would be banned in prime agricultural areas in this city starting next year. City officials said a watershed conservation...

UNDP, South Cotabato tie up for Mindanao peace.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento General Santos City - The United Nations Development Program (UNDP) has forged a partnership with the provincial government of South Cotabato for the implementation of...

CARP extension a headache for Bacolod police.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Robert Leonoras Bacolod City - Extending the implementation of the Comprehensive Agrarian Reform Program (CARP) beyond 2008 would just mean more headaches for the police, said Negros...

FRAMEWORK.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Elfren Sicangco Cruz Modern management is still a mix of the practical and the theoretical. An environment that is constantly changing has resulted in a steady flow of new ideas that is...

BUSINESSWISE.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Firmo M. Tripon Rebels have a cause, not an excuse. Real heroes, like Ninoy Aquino, are prepared to die for their cause. Gen. Danilo Lim, Capt. Trillanes and their mentor, fugitive Gregorio...

Informality a touchstone at Cinemalaya awards.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco Celebrities Angel Aquino, Mark Gil, Ricky Davao, Rio Locsin, Bembol Roco and Mylene Dizon, not to mention members of The Dawn, had all, at one point in their careers,...

COMMENTARY.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Walden Bello In the past two weeks, in anticipation of the July 27-28 meeting of the World Trade Organization's General Council, a major rescue effort has been mounted to save the "Doha...

Kubrador wins in Asian film festival.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo Jeffrey Jeturian's Kubrador (The Bet Collector) took two top prizes at the 8th Osian's Cinefan, a festival of Asian Cinema in New Delhi, India on Sunday. The...

PINOY NA PINOY.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Edilberto N. Alegre Suddenly I woke up from my short afternoon nap - there was a discomfort, not pain, close to where my shoulder blade meets my spinal column. It did not affect my...

DHL Express bags 2006 CIO Award.
July 25, 2006... (From BusinessWorld (Philippines)) Express and logistics firm DHL was awarded the prestigious Chief Information Officer (CIO) Award at the recent CIO Asia Conference and Awards 2006 at the Grand Hyatt in Singapore. The firm was...

2nd IMAX theater planned.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Anna Barbara L. Lorenzo Movie viewers from the north of Metro Manila will have to wait more than a year before they will be able to enjoy watching movies on a gigantic IMAX screen in their...

CrimsonLogic bares e-stamping service for gov't and banks.
July 25, 2006... (From BusinessWorld (Philippines)) Application service provider Crimson-Logic Philippines is ready to introduce electronic stamping or e-stamping to the country's banks and government agencies. The service is geared towards helping them...

Salamat! Tribute film to The Dawn bags Cinemalaya's top honor.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco A tribute film by a first-time director and longtime fan to an iconic rock band snatched the Best Film plum from seven other finalists in full- length category of the...

Marketing firm enhances site to reflect end-to-end portfolio.
July 25, 2006... (From BusinessWorld (Philippines)) Strategic marketing communications consultancy firm TeamAsia recently launched the latest edition of its corporate Web site, www.teamasia.com. The redesigned Web site features dedicated portals for...

Perfume maker steps up franchising drive.
July 25, 2006... (From BusinessWorld (Philippines)) Central Affirmative Co., Inc. (CACI) has intensified its franchising campaign. Its flagship brand, Aficionado-Germany Perfume, is a Philippine-made product containing 100% imported materials from...

BPI unveils international travel card.
July 25, 2006... (From BusinessWorld (Philippines)) Bank of the Philippine Islands (BPI) and Northwest Airlines recently launched the BPI WorldPerks Express Credit MasterCard - a new travel card that provides cardholders with the most comprehensive...

COURTSIDE.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong By my reckoning, Tiger Woods negotiated the final round of the 2006 British Open faster than he did his first three. Never mind that Royal Liverpool measured 7,258...

GIVE AND GO.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Michael Angelo S. Murillo By winning the Gran Matador Brandy PBA Philippine Cup, there's no denying that the Purefoods Chunkee Giants have come full circle. Capping four years of a...

American Web identity specialist makes foray in local market.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo After the launch of its Asian operation in Hong Kong early this year, Chicago-based Authentify, Inc. has decided to break into the Philippine market and lead bids to...

PHILIPPINE SILICON VALLEY.
July 25, 2006... (From BusinessWorld (Philippines)) Byline: Dennis Posadas When we speak of technology entrepreneurship, we should also view it from both the micro context and the macro context. During my stint in the semiconductor industry...