BusinessWorld (Philippines) articles from July 2010, page 6

BusinessWorld (Philippines) archives from July 2010

Global real estate investment doubles to $66 billion in Q2.
July 22, 2010... SINGAPORE - Direct commercial real estate investment volumes reached $66 billion globally in the second quarter of 2010, a level similar to the first quarter but nearly double the levels of the market bottom a year ago. This brought the...

US support for Mindanao's development to hasten settlement of conflict.
July 22, 2010... Byline: Romer S. Sarmiento GENERAL SANTOS CITY - The Moro Islamic Liberation Front (MILF) yesterday said the US government's support for Mindanao's peace and development would help achieve a lasting settlement of the conflict. "We are...

Fishery agency, Palawan body ask revival of poaching charges.
July 22, 2010... Byline: Kathleen A. Martin THE BUREAU of Fisheries and Aquatic Resources (BFAR) and the Palawan Council for Sustainable Development Staff (PCSDS) have asked the Department of Justice (DoJ) to recall former Justice secretary Alberto C. Agra's...

Party-list group to file ouster complaint (Ombudsman ready to respond).
July 22, 2010... Byline: Noemi M. Gonzales AN IMPEACHMENT case will be filed today against Ombudsman Ma. Merceditas N. Gutierrez for betrayal of public trust and culpable violation of the Constitution on several high-profile cases. Former Akbayan...

Tourism thrust to benefit E. Visayas.
July 22, 2010... Byline: Sarwell Q. Meniano TACLOBAN CITY - The Department of Tourism regional office said Eastern Visayas region will have a competitive edge with a new thrust focusing on the development of cultural and historical sites. Karina Rosa S....

SC acts on Cojuangco land reform case (... as full court sets.
July 22, 2010... Byline: Prinz P. Magtulis THE SUPREME Court first division yesterday ordered the Hacienda Luisita, Inc. (HLI) to submit a list of stockholders and their corresponding shares, marking its first act on the land reform case involving the family...

Angat dam needs a month's rainfall to restore critical level.
July 22, 2010... Byline: Emilia Narni J. David THE STATE-OWNED operator of Metro Manila's water reservoir yesterday said Angat dam needs a month's dose of rainfall to raise its level to the critical boundary. Otherwise, a persistent less-than-normal...

Basyang damage doubles as provincial reports come in.(Financial report)
July 22, 2010... Byline: Nathaniel R. Melican DAMAGE FROM last week's tropical storm has doubled overnight while retrieval efforts yielded additional casualties, the National Disaster Coordinating Council (NDCC) said yesterday. In its latest report on the...

Broader tax evasion case seen.
July 22, 2010... Byline: Ana Mae G. Roa THE TAX evasion case against pawnshop chain owner William R. Villarica has identified additional luxury cars in the possession of the accused, the top revenue official said yesterday. Internal Revenue Commissioner...

Senate will have leader in opening of Congress, says Angara.
July 22, 2010... Byline: Sarah Jane P. Pauyo THERE WILL be a Senate president when the 15th Congress opens on Monday, Senator Edgardo J. Angara said yesterday, dousing fears that an impasse among factions in the chamber will prevent the election of a leader....

Police, military see less violent protests on SONA.
July 22, 2010... Byline: Nathaniel R. Melican THE ARMED Forces of the Philippines (AFP) and Philippine National Police (PNP) are expecting less violent protests during President Benigno Simeon C. Aquino III's first State of the Nation Address (SONA) on Monday...

ECONOMIC INDICATORS.
July 22, 2010... RETAIL PRICES of major vegetables in Metro Manila went up in June from a month ago as vendors brace for a seasonal uptick in prices during the rainy months. Data from the Bureau of Agricultural Statistics (BAS) show that ampalaya, cabbage,...

ECONOMIC INDICATORS.
July 22, 2010... Byline: Karen Joyce Q. Ang The number of reported cases of violence against women rose last year from a year ago, according to the police and the government's social welfare department n results experts traced to the Filipina's increased...

VAT on tolls to push through on Aug. 16.
July 22, 2010... Byline: with Ana Mae G. Roa Implementation of a long-delayed plan to levy the value-added tax (VAT) on tolls will push through next month, officials yesterday announced. Revenue Memorandum Circular (RMC) 63-2010, dated July 13 and signed...

Support programs to be limited to 'star' small firms - Trade dep't.
July 22, 2010... Byline: Jessica Anne D. Hermosa A screening system will be put in place by the Trade department to optimize the impact of its support programs for small enterprises. This will come alongside a planned streamlining of the department's...

ONSTAGE.
July 21, 2010... Byline: Juan Antonio Lanuza During the past weekend, I attended the two matinee performances of the off-Broadway one-woman hit play, Miracle in Rwanda, that the MCO Foundation presented at the Insular Life Theater in Makati. These...

A hundred days of miracles.
July 21, 2010... Byline: Sujata S. Mukhi THEATER REVIEW Miracle in Rwanda Created and performed by Leslie Lewis Sword Co-created and directed by Edward Vilga Dramaturgy by Schele Williams July 21-22, 7 p.m. Insular Life Theater, Ayala Ave....

History lesson by Ambeth Ocampo.
July 21, 2010... Following the successful launch of the "History Comes Alive!" lecture series at the Ayala Museum, historian Ambeth Ocampo, Chair of the National Historical Commission of the Philippines, will return on July 24 at 3 p.m. for the second...

The cosmos of Di Meliora.
July 21, 2010... Byline: Sam L. Marcelo It is impossible to walk around Henri Eteve's Pasay studio without bumping into one of his artistic experiments. Even his upstairs bathroom isn't spared; resting on the wall by the toilet are canvases that couldn't be...

ARTS & CULTURE.
July 21, 2010... Ayala Museum Chasm of fantasies, an exhibit by Olivia d'Aboville, is on view at the Ground Floor Gallery of Ayala Museum. The exhibit is a showcase of 30 sculptures inspired by the great depths of the ocean. It will run until Sept. 12. ...

RP whiz kid Wesley So gets off to a good start in Biel chessfest.
July 21, 2010... Byline: Marlon Bernardino Philippine Grandmaster Wesley Barbasa So got off to a great start in the 43rd Biel International Chess Festival Young Grandmasters tournament with a 32-move victory over GM David Howell of England on Monday in Biel,...

GIVE AND GO.
July 21, 2010... Byline: Michael Angelo S. Murillo The competition in the season-ending PBA Fiesta Conference enters the semifinals today with much promise of excitement and quality hoop fares. With casts that make up the tip of the Fiesta summit, fans are in...

Stocks slump amid profit taking, Dow fall.
July 21, 2010... Byline: Neil Jerome C. Morales Share prices dropped for the fourth straight day yesterday due to profit taking and pessimism in the US markets. The Philippine Stock Exchange index (PSEi) slipped by 0.54% or 18.60 points to 3,405.69, while...

UPS launches carbon neutral program in Asia-Pacific region.
July 21, 2010... UPS introduced its carbon neutral program in the Asia-Pacific region, including Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, the Philippines, Singapore, Taiwan and Thailand. UPS customers in those locations...

ZCorporation offers fast 3D printer.
July 21, 2010... Another breakthrough has come in the world of 3D printing. With the ZCorporation Zprinter 450, presenting design concepts does not have to entail the long process of conceptualizing the model, creating the concept prototype by making the...

CebuPac is top Southeast Asian airline.
July 21, 2010... Cebu Pacific (CEB), the Philippines' largest airline, was awarded by the Changi Airport Group as the top Southeast Asian airline which registered the highest growth in passenger traffic last year. The award was announced during the Fifth...

CONSUMER GUIDE.
July 21, 2010... Health supplement in gel form introduced When it comes to nutrients, experts agree that the best source is still the food we eat. However, what if you're too busy to consume 2.5 cups of vegetables and two cups of fruits a day, as recommended...

BRIEFS.
July 21, 2010... Promotion bared Philippine Airlines salutes the nation's heroes with a major seat sale on all its domestic routes. Dubbed "Fly the Flag of Our Heroes," the promotion slashes one-way, economy-class fares on flights between Manila and any...

Gov't eyes five-year bonds (But RTBs to be sold before peso global.
July 21, 2010... Byline: Louella D. Desiderio The government is looking at selling five-year peso-denominated global bonds before yearend, but only after issuing retail Treasury bonds. National Treasurer Roberto B. Tan told reporters after a Treasury...

Thrift banks see auto loans soar in first half.
July 21, 2010... Byline: Jose Bimbo F. Santos High consumer confidence has been driving up auto loan sales among thrift banks in the first half of the year, fueling growth in the sector. Pascual M. Garcia III, Chamber of Thrift Banks (CTB) president, said...

Peso hardly moves sans news.
July 21, 2010... Byline: Jose Bimbo F. Santos The peso moved sideways yesterday due to lack of material leads. The peso closed at P46.43 per dollar, down by a centavo from the previous day's close at P46.42 per dollar. "Peso trading was tightly within...

More practical mobile hearth.
July 21, 2010... Byline: Tito F. Hermoso At long last, the Town and Country, Chrysler's homage to the soccer mom for all of 26 years and counting, now has a variant we've been waiting for. Thanks to CATS Motors, the excellent turbocharged diesel engine that...

NOT SO FAST.
July 21, 2010... Byline: Tito F. Hermoso Continued from last week Most cities and towns self-regulate the local means of public transport - jeepneys to a certain degree and tricycles by an even greater measure. Municipalities and town councils regulate...

BRIEFS.
July 21, 2010... Volvo XC60 wins at C! Awards The groundbreaking Volvo XC60 clinched the Premium Compact SUV recognition at the recently held 6th Annual C! Magazine Awards. The Volvo XC60 can now easily be driven home with the Volvo Interest-free Program....

Phoenix Petroleum sales nearly triple in H1.
July 21, 2010... Byline: Emilia Narni J. David Listed oil company Phoenix Petroleum Philippines, Inc. is confident it will surpass its 2009 growth following a strong performance in the first half of the year. In a disclosure to the Philippine Stock...

Gokongwei property arm sets expansion of mall in Bacolod.
July 21, 2010... Byline: Neil Jerome C. Morales Gokongwei-led property developer Robinsons Land Corp. is expanding the 14-year-old Robinsons Place Bacolod, citing the growing demand of its target market. The redevelopment of Robinsons Place Bacolod, the...

Tampinco retained as head of state-led Nat'l Power Corp.
July 21, 2010... THE AQUINO administration has decided to retain Froilan A. Tampinco as president of state-owned National Power Corp. (Napocor), citing the need for "stability" in government policies. The announcement was made by Napocor in a statement...

Television networks cash in on new drama genre.
July 21, 2010... Byline: Aura Marie P. Dagcutan THE COUNTRY'S two biggest television networks are expected to continue offering prime-time drama series with religious themes this year because of audience demand, a media research firm said yesterday. ...

SM opens 'one-stop' religious store.
July 21, 2010... THE SM mall chain's retail arm has opened a "one-stop" religious store for church needs as well as individual devotions, with profits to be turned over to the Roman Catholic Archdiocese of Manila. In a statement, SM Retail, Inc. said the new...

Water shortage looms in Metro Manila's east zone (... as supply is.
July 21, 2010... Byline: Emilia Narni J. David CUSTOMERS OF Manila Water Co., Inc., the east zone water concessionaire in Metro Manila, may also experience rotating water supply due to the dwindling level at Angat dam, the metropolis' main supply source. ...

Military promotions approved.
July 21, 2010... Byline: Nathaniel R. Melican THE MILITARY has announced a second wave of appointments approved by President Benigno Simeon C. Aquino III that takes effect immediately. Outgoing Army chief Lt. Gen. Reynaldo B. Mapagu has been named the...

Mikey Arroyo 'bona fide' representative of security guards, drivers,.
July 21, 2010... JUAN MIGUEL "Mikey" M. Arroyo "need not be mar-ginalized" to sit as a sectoral representative in Congress, the Commission on Elections (Comelec) has ruled on Monday. Voting 4-2-1, Comelec allowed Mr. Arroyo, son of Pampanga Rep. Gloria...

Full court takes over land reform case.
July 21, 2010... Byline: Prinz P. Magtulis THE LAND reform case involving the family of President Benigno Simeon C. Aquino III will now be tackled by the full court, the court's spokesman said yesterday, raising its priority status in the agenda. Jose...

Pump prices raised.
July 21, 2010... OIL COMPANIES raised pump prices yesterday by seventy-five centavos per liter to track international prices, cutting by half the rate reduction implemented last week. Seaoil Philippines, Inc., Phoenix Petroleum Philippines and Chevron...

Revenue sources sought.
July 21, 2010... PRESIDENT BENIGNO Simeon C. Aquino III has ordered all agencies and offices to submit to the Finance secretary until Friday a list of all sources of revenue. Memorandum Order 2 dated July 16 directed all bureaus, departments, offices and...

US ties renewed.
July 21, 2010... A RANKING US diplomat yesterday conveyed to President Benigno Simeon C. Aquino III his country's determination to renew its partnership with the new government. William J. Burns, State undersecretary for political affairs, said in a briefing...

Fire hits DA office.
July 21, 2010... A FIRE that affected the Department of Agriculture's (DA) main office in Quezon City yesterday damaged P5 million worth of facilities and equipment, according to a fire bureau official. The fire, which started at 1:27 p.m., was put out after two...

Pension fund bill filed.
July 21, 2010... A SENATE bill has been filed that seeks to provide P3.5 billion to cover the pension fund of the Republic Act 9994 or the Expanded Senior Citizens Act of 2010. Senator Ralph G. Recto, author of Senate Bill 151, said the amount will cover pension...

Civil society groups drafting agenda for 15th Congress.
July 21, 2010... Byline: Noemi M. Gonzales INCREASED FUNDING for education, health care coverage for all, more restrictive mining rules and stiffer penalties for businesses that harm the environment form part of a multisectoral legislative agenda civil...

Hotel sector prospects in focus.
July 21, 2010... Byline: Neil Jerome C. Morales LOCAL and foreign giants in the hotel industry will discuss issues and best practices in a conference next month, the meeting's organizers said in a press briefing yesterday. The First Philippine Hotel...

Subic ties up with China ecozone.
July 21, 2010... Byline: Rey M. Garcia SUBIC BAY FREEPORT - This free port is firming up ties with a counterpart economic zone in Suzhou city in Jiangsu, southern China, particularly in the fields of tourism, real estate development and business process...

Cotabato students' English skills honed.
July 21, 2010... COTABATO CITY - A technical college in this city has joined the growing number of schools that are partnering with USAID's Growth with Equity in Mindanao (GEM) Program to improve the employability of its graduates in key industries, a GEM...

Murder trial to resume.
July 21, 2010... THE HEARING on the multiple murder charges against the alleged mastermind of a gruesome massacre in Maguindanao will resume on July 28. Richard Anthony D. Fadullon, assistant chief state prosecutor, said Judge Jocelyn Solis-Reyes had already...

Trader abducted.
July 21, 2010... KORONADAL CITY - Unidentified armed men abducted late Monday afternoon a businessman in Tacurong City, police said. Supt. Alfredo Dangane, Tacurong police chief, said the suspects forcibly took Abdul Nasser Ayada while driving along Malvar St....

Revaccination ordered.
July 21, 2010... ILOILO CITY - The Iloilo provincial government ordered the revaccination of cattle in the town of Leon following the hemorrhagic septicemia (hemosep) outbreak. Reports from the Iloilo Provincial Veterinarian's Office showed that the outbreak has...

MILF commander hit.
July 21, 2010... ZAMBOANGA CITY - A civil society group active in overseeing the ceasefire accord between the government and Moro Islamic Liberation Front (MILF) has asked the Moro rebel hierarchy to criticize its commander who led the burning of houses and...

De Lima reverses rule clearing officials in human trafficking.
July 21, 2010... Byline: Prinz P. Magtulis JUSTICE Secretary Leila M. de Lima has reversed a decision by her predecessor last month that cleared 20 immigration officials of administrative charges in connection with human trafficking incidents at the Diosdado...

LP senators not sure to gain leadership.
July 21, 2010... LIBERAL PARTY (LP) senators are not as confident as their House counterparts in gaining a majority vote to win the Senate presidency. Senator Franklin M. Drilon yesterday admitted a looming deadlock looms between Senator Francis "Kiko" N....

Casualties from Basyang rise; search activities to continue.
July 21, 2010... Byline: Nathaniel R. Melican and AFP ADDITIONAL CASUALTIES from tropical storm Basyang (international name: Conson) have been found nearly a week after the storm hit Luzon. The National Disaster Coordinating Council (NDCC) said that as of...

Hunger remains high in RP (Over 20% in the last three quarters -.
July 21, 2010... Byline: Ana Mae G. Roa Hunger continues to haunt many Filipino families, with the Social Weather Stations' (SWS) overall measure barely improving and more claiming to have frequently lacked anything to eat. The number of households which...

Listed firms' first-quarter net up 113.9%.
July 21, 2010... Byline: Neil Jerome C. Morales Listed companies' profits more than doubled to P137.08 billion in the first quarter from a year earlier, the Philippine Stock Exchange (PSE) yesterday reported. The result - a reversal of 2009's first quarter...

AD LIB.
July 21, 2010... Byline: Greg B. Macabenta I had an interesting e-mail exchange with a British national who commented on my piece on the need to refurbish the image of the Philippines overseas. The fellow said he had been to our country twice, because his...

CAPITAL VIEW.
July 21, 2010... Byline: Mercedes B. Suleik To be fashionable, does one have to be immodest? Does being attractive mean that a woman should arouse the prurient attention of man? Do fathers and mothers want their daughters to be objects of lust? Their sons to...

CORE.
July 21, 2010... Byline: Benjamin E. Diokno It is a truism that it is easier to win a presidential campaign than to run a government successfully. President Noy would have realized by now that with the state of government finances, what he promised to do...

UK vows to help best firms.
July 20, 2010... The Coalition Government is committed to helping the world's best companies thrive and grow in the United Kingdom, and is putting policy towards investors at the heart of the country's economy strategy, British Prime Minister David Cameron said....

Cebuana Lhuillier launches I-CLICK system.
July 20, 2010... With over 1,200 branches nationwide, the largest pawnshop and non-bank remittance provider has to deliver services that won't falter regardless of any situation. For Cebuana Lhuillier, the answer to that problem is the Cebuana Lhuillier...

ING named best local investment bank.
July 20, 2010... For the second year in a row, ING Bank was named Best Investment Bank in the Philippines in the Euromoney Awards for Excellence 2010. The awards was presented last Thursday in Hong Kong where Asia's best in banking gathers each year. Now in...

PEOPLE.
July 20, 2010... Celebrity supports campaign against cancer Like every mother, celebrity model and host Angel Aquino, wants the best for her children. "Everyone would like to protect themselves from any illness that they may encounter - especially those that...

BRIEFS.
July 20, 2010... Search starts The UP Board of Regents is now inviting nominations for the president who will succeed UP's centennial president, Dr. Emerlinda R. Roman. Ms. Roman's term will come to a close on Feb. 9, 2011. At its 1,255th meeting last June 2,...

COURTSIDE.
July 20, 2010... Byline: Anthony L. Cuaycong Once again, the Old Course managed to crown a definitive British Open champion. To the absolute delight of golf habitues only too glad to witness a spectacle, the birthplace of golf played the familiar role of host...

GIVE AND GO.
July 20, 2010... Byline: Michael Angelo S. Murillo The decision of the Derby Ace Llamados to change reinforcement anew at the quarterfinal stage of the Philippine Basketball Association Fiesta Conference proved not too late after all as the move worked...

FEU's Lyndon Sombilon tops 6th leg of PACE Active Chess.
July 20, 2010... Byline: Marlon Bernardino FAR Eastern University (FEU) bet Lyndon Sombilon edged Philippine Christian University (PCU) ace Raymond Salcedo in a tie break to rule the just-ended 6th leg of the Philippine Academy for Chess Excellence (PACE)...

Donor, Halaw take top honors in Cinemalaya.
July 20, 2010... Byline: Jeffrey O. Valisno The dramatic tale Donor and the black comedy Two Funerals shared the top honors at the sixth Cinemalaya Philippine Independent Film Festival awards, held on Sunday night at the main theater of the Cultural Center of...

Investors taking note of RP (But infra, wages, power rates a.
July 20, 2010... Byline: Jose Bimbo F. Santos Investors are starting to take notice of the Philippines after a successful presidential election in May and amid a resurgent stock market, but chronic problems are turning them off, Merrill Lynch, the wealth...

Peso loses 14 centavos.
July 20, 2010... Byline: Jose Bimbo F. Santos The peso yesterday joined other regional currencies that fell against the greenback, after investors turned skittish on poor corporate earnings in the US. The peso lost 14.5 centavos against the dollar to close...

Wall Street fall triggers main index retreat.
July 20, 2010... Byline: Neil Jerome C. Morales The main index retreated yesterday, reacting to losses on Wall Street on Friday. The Philippine Stock Exchange index (PSEi) lost 0.53% or 18.39 points to 3,424.29, while the broader all shares index declined...

Iloilo City gets P2-million German grant to fund landfill feasibility.
July 20, 2010... Byline: Francis Allan L. Francisco ILOILO CITY - German state-owned development bank KfW Bankengruppe has provided this city about P2 million in grant for a feasibility study on a proposed sanitary landfill. Helen G. Sotomil of the Iloilo...

Clark exports nearly double.
July 20, 2010... Byline: Rey M. Garcia CLARK FREEPORT ZONE - Merchandise exports from this economic zone rose 93% to $747 million in the first half, with electronic products dominating shipments, a statement yesterday of the Clark Development Corp. (CDC)...

Ferry terminal planned.
July 20, 2010... Byline: Francis Allan L. Francisco ILOILO CITY - The Iloilo City government asked President Benigno Simeon C. Aquino III to issue a presidential proclamation that will pave the way for the development of a seaside park here into a ferry...

LET'S TALK TAX.
July 20, 2010... Byline: Lesley Norreen G. Lato Due to the recent economic crisis, high cost of operations, low sales or other business reasons, some establishments have been forced to close shop. Consequently, job security becomes tenuous at best. One of...

Typhoon damage to agriculture sector reaches P191.76 million.
July 20, 2010... Byline: Kathleen A. Martin DAMAGE typhoon Basyang wreaked on crops and fisheries has hit P191.76 million, according to a report of the Department of Agriculture's Management Information Division that was released yesterday by the department's...

Gov't starts to count losses from army worms.
July 20, 2010... Byline: Kathleen A. Martin CROP LOSSES from army worm infestation have reached P18.37 million, according to a partial damage report from the Department of Agriculture's Central Action Center. The center said the initial damage reports...

Mindanao vegetable congress to focus on better technologies, marketing.
July 20, 2010... BUTUAN CITY - Updates on available technologies and new market opportunities will be highlighted at the 7th Mindanao Vegetable Congress scheduled for August 4-5 at the Almont Hotel and Inland Resort here. Themed, "Sustaining the gains of the...

Trade department promotes dev't of processed bamboo products.
July 20, 2010... Byline: Sarwell Q. Meniano PALO, Leyte - The Trade department is promoting the development of engineered bamboo in Samar a part of its thrust address poverty and the need to preserve the environment. Department of Trade and Industry (DTI)...