BusinessWorld (Philippines) articles from July 2006

BusinessWorld (Philippines) archives from July 2006

Falling for color.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Raoul J. Chee Kee With the holidays still months away, the farthest thing from one's mind could be deciding what to wear to the many parties and social events. And although it might seem...

Want the look? Get the book.
July 31, 2006... (From BusinessWorld (Philippines)) Shu Uemura celebrates its love for makeup artistry with its first Black Book, a 16-page manual filled with makeup looks created by the newly formed Shu Uemura team with the help of the Kiehl's Hair...

For women who want it all.
July 31, 2006... (From BusinessWorld (Philippines)) Filipinas have come a long way from the traditional image of the Maria Clara - meek, passive and content to do the conventional tasks usually delegated to them. Now, the modern Filipina is slowly...

STYLE.
July 31, 2006... (From BusinessWorld (Philippines)) Gucci To mark the company's 85th anniversary, Gucci Creative Director Frida Gianini has created a limited edition collection of handbags. Each bag features a reinterpreted Gucci horse bit hardware,...

Step lively now.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Raoul J. Chee Kee After four years in the country, the first freestanding Aerosoles store opened last week at the SM Mall of Asia. The US brand is known for its range of comfortable women's...

SM Supercenter Pasig to open soon.
July 31, 2006... (From BusinessWorld (Philippines)) SM Supercenter Pasig, the 26th SM Supermall, is set to open on Aug. 18. Situated on a 2.7-hectare property in Frontera Verde along E. Rodriguez Jr. Avenue, the 29,017-square-meter mall will serve...

Last call for entries.
July 31, 2006... (From BusinessWorld (Philippines)) The Fashion and Design Council of the Philippines (FDCP) is accepting entries for the Philippine Fashion Design Competition 2006 with the theme "Fashion as an Expression of Mind and Body" until August...

TAKE TEN.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Behn Cervantes I was invited as a Special Guest by Laurice Guillen when she was honored by the Ateneo University with the Gawad Tanglaw ng Lahi in the area of the Arts. Laurice was feted...

International SOS transports 110 members from Lebanon.
July 31, 2006... (From BusinessWorld (Philippines)) International SOS, provider of medical assistance, international health care, security services, and outsourced customer care, successfully evacuated approximately 110 clients from Lebanon. The...

Bosch introduces Piezo rail injector.
July 31, 2006... (From BusinessWorld (Philippines)) Robert Bosch GmbH, locally represented by Robert Bosch, Inc. (Philippines), in fiscal year 2005 invested over three billion euros in research and development (R&D), translating into "P1 billion per...

BRIEFS.
July 31, 2006... (From BusinessWorld (Philippines)) Search for travel journalists The deadline for entries to the Discovery Travel and Living's search for travel journalists is today, July 31. Discovery Travel and Living is looking for a group of...

SPECIAL FEATURE.
July 31, 2006... (From BusinessWorld (Philippines)) Information technology (IT) specialists are not usually regarded as "saviors." But when disaster strikes and an entire building is razed to the ground or a network of machines becomes infested with...

SPECIAL FEATURE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Gerard S. dela Pena The information technology scene (IT) has been put into the limelight by the influx of new technologies as well as the red-hot business process outsourcing (BPO)...

CHESS PIECE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Bobby Ang In 2001 China decided to test itself - it challenged the USA to a match to determine chess supremacy. Each country was to field a 10-player team composed of six adults, two women...

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Reagan D. Tan Recommendation: BUY Investment analysts at Citisecurities, Inc. have placed a 'buy-1' tag on publicly listed Banco De Oro Universal Bank (BDO) for having a low...

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Anne Nerissa C. Alina Recommendation: BUY With the rise in world metal prices and the continued development of existing properties, Joseph Y. Roxas of Eagle Equities has placed a buy...

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Josephine B. Valle (SM) Recommendation: LONG-TERM BUY After the successful opening of the SM Mall of Asia last May, SM Investments Corp. (SMIC) continues expanding operations, with...

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Den Somera I often get remarks that traders on the trading floor have a comparative advantage over outsiders, that they are in a better position to win their trade. Here are some...

Smoked tuna exporters consider trade complaint against Japan.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Beverly T. Natividad Local tuna exporters will discuss with the Department of Agriculture (DA) the possibility of filing a complaint with the World Trade Organization (WTO) against Japan's...

Zamboanga preparing anti-tax evasion campaign.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Felino M. Santos Zamboanga City - Internal revenue agents will be knocking on doors of suspected tax evaders in this city as part of an effort to collect more taxes and increase public...

BusinessWorld hosts The Female Forum.
July 31, 2006... (From BusinessWorld (Philippines)) BusinessWorld Publishing Corp. is holding the initial presentation of The Female Forum, a special luncheon exclusive for women, on Aug. 3 at 11:30 a.m. at the Makati Shangri-La Hotel. The forum...

Davao eyes less business permit requirements.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Carmelito Q. Francisco Davao City - The city government plans to relax requirements for processing of business permits by scrapping the need for documents from national government agencies....

Aussie envoy cites fields for joint ventures.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento General Santos City - Australian investors will likely be exploring joint business ventures in fisheries, minerals and oil and gas development within the...

SPECIAL FEATURE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Gerard S. dela Pena The seamless flow of information in cyberspace and the comfort and efficiency brought by computers in carrying out tasks from simple word processing to complicated...

ONE MAN'S MEAT.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Benjamin G. Defensor Outsourcing will certainly result in a loss of jobs in the United States. Thomas Friedman was worried about this, but agreed with J. Bradford Delong of Project...

FENCE SITTER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Antonio R. Samson Interviews of winners, whether in basketball or a beauty pageant, seem to routinely include divine intervention - "First of all, I want to thank the Lord for this trophy,...

ROOTS.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Jose S. Arcilla S.J. "Let Us Be Fair" (Seamos Justos) was Rizal's title for a brief study he wrote for La Solidaridad, the Filipino nationalist fortnightly, to campaign for reforms in the...

CORPORATE WATCH.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Amelia H.C. Ylagan Globalization may yet be the Wicked Witch from the West whose all- encompassing domain, which goes by its initials, www.com, or the World Wide Web, has not only created...

YELLOW PAD.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Filomeno S. Sta. Ana III Humanity loves to celebrate anniversaries that have had a profound impact on the world. Witness, for example, how the 250th birth anniversary of Wolfgang Amadeus...

SPECIAL FEATURE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Samantha Leslie L. Marcelo The bundy clock is a throwback from an era that primarily used time spent at the desk as a measurement for an employee's productivity. In those days, working...

P5-B oil, gas exploration contracts awarded.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales A unit of global investment firm Burgundy Group of Companies will pour close to P5 billion in fresh investments to explore two oil and gas service areas in Northeast...

'Mega-region' projects hinge on better tax collections.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane The infrastructure projects President Gloria Macapagal Arroyo cited in her State of the Nation Address (SONA) last July 24 form part of the updated Medium Term Philippine...

FAST FORWARD.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Argee Guevarra Not a few could resist taking a dig at Mrs. Pidal on her recent confinement at St. Luke's Medical Center. "Fever" was the official prognosis of her public relations...

'Traditional' media still relevant, says Nielsen Media Research.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico Changing consumer habits favor new forms of media, even as some traditional media have not yet lost their relevance, the latest Media Index conducted by Nielsen...

Court allows satellite TV firm to air ABS-CBN shows.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How The Court of Appeals has upheld the airing of ABS-CBN re-broadcasts by satellite TV service provider Philippine Multi-Media System, Inc., (PMSI) even after the network's...

VECO willing to discuss plans.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - Aboitiz-controlled Visayan Electric Co. (VECO) expressed willingness to meet with Kepco-Salcon and the government's power sector to discuss how the two...

NBS sets P200M for HK store.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio National Book Store, Inc. (NBS), the largest bookstore chain in the Philippines, will spend HK$25 million to HK$30 million or P200 million for its outlet in Hong Kong,...

DMCI planning to list housing unit next year.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Consunji-led DMCI Project Developers, Inc. (PDI) will attempt to raise P3 billion to P5 billion through an initial public offering at the Philippine Stock Exchange (PSE)...

Church's mulls franchising.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Jennee Grace U. Rubrico Wow Foods Corp., the license holder of Church's Chicken in the Philippines, is looking at franchising and putting up its branches in malls and near call centers as...

Lepanto Mining expects turnaround this year.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno Listed Lepanto Consolidated Mining Co. expects to post a net income this year, reversing losses last year, buoyed by projections of higher mining output, and favorable...

Atlas unit eyes Cebu project.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Publicly listed Atlas Consolidated Mining and Development Corp. is in talks with United Kingdom-based financial institutions on its plan to invest in the $65-million bulk...

Ethanol project.
July 31, 2006... (From BusinessWorld (Philippines)) The Board of Investments (BoI) recently awarded pioneer status and granted a six-year income tax holiday to the P2-billion San Carlos Bionergy, Inc. in Negros Occidental, the first ethanol project to be...

Retirement plan.
July 31, 2006... (From BusinessWorld (Philippines)) The Del Monte Pacific Ltd., parent company of Del Monte Philippines Inc., has implemented an early retirement program in a bid to manage its costs. Del Monte Pacific said in a disclosure to the Singapore...

Refund claim.
July 31, 2006... (From BusinessWorld (Philippines)) The Court of Tax Appeals has dismissed a P4.45-million refund claim by antibiotics manufacturer Chemfields, Inc., after finding that the overpaid income tax sought to be refunded had already been carried...

Tagaytay property.
July 31, 2006... (From BusinessWorld (Philippines)) Sy-led property development company Highlands Prime, Inc. is eyeing to develop the 23.19-hectare raw land in Tagaytay City of Gatchalian-led Philippine Estates Corp. Highlands President Antonio A. Henson...

Tourism venture.
July 31, 2006... (From BusinessWorld (Philippines)) Publicly listed hotel operator Waterfront Philippines, Inc. aims to establish itself as the premier tourism organization with leisure and entertainment activities not only in Cebu but also in the various...

BEYOND BRUSHSTROKES.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Marivic Rufino Why do we make choices? "Because they are what I want, or wish for. Because they reflect who and what I am," Anna Quindlen, US author, wrote. Reflecting on the topic of...

Philippine Stock Exchange gets one-year extension from SEC on bourse.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno The Philippine Stock Exchange (PSE) has received a one-year reprieve from the Securities and Exchange Commission (SEC) to comply with the ownership limit of the bourse....

Ranhill wants to undertake water project.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Marites S. Villamor Cebu City - Malaysian waterworks giant Ranhill Utilities Bhd. last week expressed interest in challenging the Ayala-led consortium's proposal to undertake the P2-billion...

Petron mulls more borrowings.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Major oil refiner Petron Corp. may seek additional borrowings after raising P5.5 billion worth of corporate notes last week, officials said. "We have been given...

Mindanao tribal leaders reject Bangsamoro.
July 31, 2006... (From BusinessWorld (Philippines)) Davao City - A big group of tribal leaders in central Mindanao has reportedly rejected a proposal that their areas be integrated in the Bangsamoro juridical entity, an administrative area agreed upon...

Deployment reforms may worsen jobless data.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ira May Joyce P. Pedrasa A consultant to the labor recruitment agencies fears that reforms in the deployment of domestic helpers could aggravate the country's unemployment numbers. ...

P5-B airport security plan set.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo State-run Manila International Airport Authority (MIAA) is set to embark on an ambitious P5-billion program to automate security measures at the Ninoy Aquino...

Davao-Samal bridge rejected.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Carmelito Q. Francisco Samal City, Davao del Norte - The government has turned down again a renewed proposal to build a bridge from here to Davao City. Mayor Rogelio Antalan said the...

Gov't agencies didn't send funds for Beirut evacuation - Arroyo.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Francis Y. Capistrano Despite their previous announcements, government agencies did not send funds to the Philippine embassy in Beirut for the evacuation of Filipino migrant workers in...

Bill on home associations stays pending amid regulator issues.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Francis Y. Capistrano A bill that calls for the creation of a magna carta for homeowners' associations may not be approved soon due to the still-unresolved issue of who should be the...

'06 population survey cancelled amid non-enactment of budget.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Bernardette S. Sto. Domingo The National Statistics Office (NSO) has cancelled this year's population survey due to the non-enactment of the 2006 General Appropriations Act. NSO...

Cebu airport chief ignores suspension.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Karen Flores-Garcia Cebu City - Retired general Adelberto Yap has refused to recognize the authority of the Mactan-Cebu International Airport Authority board to suspend him as airport...

CLARIFICATION.
July 31, 2006... (From BusinessWorld (Philippines)) This is in relation to the story "Gov't lifestyle probers reduced amid extortion case" written by Felipe F. Salvosa II that came out on page 12 of the July 12, 2006 issue of BusinessWorld. I want to...

Peso to breach $1:P51 level; yields from T-bills to drop.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Maria Eloisa I. Calderon The peso is likely to break the $1:P51 level this week amid sustained investor confidence in the government's improving economic fundamentals. "Last Friday's...

Bankard sale to GE to salvage credit card firm's ailing position.
July 31, 2006... (From BusinessWorld (Philippines)) Yuchengco-led Bankard, Inc., which has been in the red since 2004, is attempting to salvage its ailing financial position with the sale of its credit card business to General Electric Co. (GE). In a...

Corporate earnings to dictate share prices.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Corporate earnings will dictate the pace of the stock market index this week, but the market remains susceptible to geopolitical concerns, particularly tensions in the...

COURTSIDE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong Shortly after he was named chief bench tactician of the New York Knicks last month, Isiah Thomas disclosed that he was pleased with the makeup of his roster, and that he...

GIVE AND GO.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Michael Angelo S. Murillo With the Philippine Basketball Association season now over, and will be out of action for the next two months, local hoop focus now shifts to the collegiate ranks....

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane The San Juans do not believe that luck had anything to do with the growth of the Bulacan Dairy and Livestock Farm into a 100-head dairy farm from a 10-head experiment in 2004....

WEALTH MANAGER.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Samantha Leslie L. Marcelo Stereotypical thinking dictates that creatives are not the best people to ask for financial advice. But sisters Penk T. Ching and Shen C. Ratilla, founders of...

Oil prices up as Mideast tension cuts supply.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Fuel prices went up again this weekend despite a recent tariff cut for imported crude and petroleum products. The latest price hike of P0.50 per liter for all...

UK rules may be good for OFWs.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ira P. Pedrasa The new entry restrictions for overseas nurses in the United Kingdom could still be positive news for the Filipinos, a deployment consultant here said. Contrary to fears...

Lucio Tan urges government not to rush NAIA-3 opening.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Lucio Tan-led Asia's Emerging Dragon Co. asked the government to not rush the opening of the mothballed Ninoy Aquino International Airport Terminal 3 (NAIA-3) as doing...

Centers for rights issues cleared.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes The House of Representatives approved on third and final reading a measure that seeks to establish a repository of all human rights concerns in the country. ...

RP-Japan tuna negotiation sought.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Francis Y. Capistrano The government must negotiate with Japan for the lifting of the ban on Philippine filter-smoked tuna products, a senator said. In a statement, Senate Minority...

Ibon claims fuel overpriced by 83 centavos.
July 31, 2006... (From BusinessWorld (Philippines)) Petroleum products have been overpriced by 83 centavos per liter making oil companies earn additional profits amounting to P1.28 billion in the first six months of the year, independent think tank Ibon...

Revenue targets stay (Finance thumbs down BIR, Customs request for.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Felipe F. Salvosa II Businessmen can expect revenue agencies to continue to be aggressive in collecting taxes for the remainder of the year as the Department of Finance has turned down...

Equal opportunities sought for disabled.
July 31, 2006... (From BusinessWorld (Philippines)) Bacolod City - A visually impaired scientist, who is also the head of the Hong Kong University's Physics Department, has called for equal opportunities for disabled persons to allow them to achieve their...

Multinationals hit over tax perks stance.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Felipe F. Salvosa II Amid the raging debate over tax perks granted to businesses, a Finance department official is taking multinational firms to task over their continued insistence on...

Text messaging to continue driving telco profits.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Despite an aggressive push for high-value third-generation (3G) mobile applications, short message services (SMS) or texting remains the mobile industry's main gold...

Reserve option for banks OK'd.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Karl Lester M. Yap The central bank has approved new liquidity requirements that aim to simplify current procedures deemed tedious and costly. The new rules, approved during the Monetary...

Metrobank H1 income up by 35%.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon Largest lender Metropolitan Bank and Trust Co. (Metrobank) posted a net income of P3.04 billion for the first half of the year, up by 35% from the P2.25 billion it...

High oil prices, wage hikes cloud BSP inflation outlook.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Karl Lester M. Yap Higher oil prices and wage adjustments pose risks to the inflation outlook for the second half of the year, the central bank said. "The balance of risks to the...

Maynilad bidders must disclose all consortium members - MWSS.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales The government has asked five investor groups vying for its stake in water utility firm Maynilad Water Services Inc. (Maynilad) to disclose their makeups as the...

SPECIAL FEATURE.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Gerard S. dela Pena The way computer firm Acer Philippines, Inc. has transformed through the years is concrete proof of the fast-paced nature of the industry. With such a competitive...

Baguio Gold mulls several options in PAL takeover.
July 31, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Baguio Gold Holdings Corp., a listed Lucio Tan-controlled investment firm, is weighing several options in its bid to buy a majority stake in flag carrier Philippine...

SPECIAL FEATURE.
July 28, 2006... (From BusinessWorld (Philippines)) The fall of the Marcos regime brought about the return of ABS-CBN Broadcasting Corp. In July of 1986, then newly formed Presidential Commission on Good Government (PCGG) turned two radio stations, DWWW...

Island fare now in the city.
July 27, 2006... (From BusinessWorld (Philippines)) Byline: Raoul J. Chee Kee After almost a year of serving tourists and residents of Boracay her inimitable chicken inasal (grilled chicken) and other Bacolod dishes, one self-avowed island girl has...