BusinessWorld (Philippines) articles from October 2006, page 5

BusinessWorld (Philippines) archives from October 2006

ONSTAGE.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Juan Antonio Lanuza Wouldn't it be interesting if Manila could have an annual opera festival of two or three operas? This is what I call wishful thinking. However, the good Lord must have...

Animated German films.
October 25, 2006... (From BusinessWorld (Philippines)) The latest developments in the German animation scene can be seen in Animated Films from Germany (2004), an exhibition that showcases the works of 15 of the best animators in Germany today. The...

COURTSIDE.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong For all we know, Detroit's Kenny Rogers was telling the truth. The foreign substance found on the palm of his pitching hand the other day may well have been, in his own...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Johanna Paola D. Poblete It used to be that you couldn't be vegetarian unless you were a mystic, a monk, or an extremely animal-friendly hippie. Nowadays, the vegetarian diet has become so...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Gerald S. dela Pena Curled in what looks like a backbreaking pose, with legs swinging up and down to the rhythm of a voice yelling, "One-one, two-two and in-in, out-out, plie, and stretch!,"...

Japanese play based on comic book to be presented.
October 25, 2006... (From BusinessWorld (Philippines)) In celebration of Philippines-Japan Friendship Year, the Japan Foundation, Manila, in cooperation with the MCO Foundation and the Equitable PCI Bank, presents Yaji and Kita, a stage adaptation of a...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Derek Ramsey is one of the top young actors today. His appearances on television shows and advertisements have made him an icon to men and women alike. But far from the TV cameras, Derek is also an...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Cherry C. Bobadilla Although they are still portrayed as the quirky old man or woman whose quaint hut in the skirts of the barrio has been an obligatory setting of countless horror flicks,...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Upon entering The Spa at The Podium in Ortigas Center, one is hard- pressed to think that shoppers, albeit fewer than in other busier malls in the area, are milling about just one floor down. It...

Drug problem in Zamboanga.
October 25, 2006... (From BusinessWorld (Philippines)) Zamboanga City - Zamboanga City is on the list of major cities facing serious illegal drugs problems, such as addiction and drug pushing, said an official of the Philippine Drug Enforcement Agency...

Charges filed vs suspects in Bacolod airport attack.
October 25, 2006... (From BusinessWorld (Philippines)) Bacolod City - Criminal charges for illegal possession of firearms and explosive materials have been filed against two suspected rebels who allegedly took part in the attack on the New Bacolod Airport in...

Takeover of Mindanao business group mulled.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Carmelito Q. Francisco Davao City - A group of business leaders in Mindanao has threatened to seize leadership of the Mindanao Business Council (MBC) from Romeo Serra whom they claimed has...

Lost to rebel attacks.
October 25, 2006... (From BusinessWorld (Philippines)) Businesses have incurred losses amounting to at least P43 million in January to September after they were attacked by leftist group New People's Army for refusing to pay "revolutionary taxes" or...

'Green' cause of Arroyo.
October 25, 2006... (From BusinessWorld (Philippines)) President Gloria Macapagal-Arroyo lent her support to the green cause and enjoined compliance to environmental laws. Speaking at the GP3 Conference at the Dusit Hotel the other day, Mrs. Arroyo urged...

Labor cases under POEA.
October 25, 2006... (From BusinessWorld (Philippines)) The Department of Labor and Employment is asking Malacanang to revert to the Philippine Overseas Employment Administration (POEA) the prosecution of cases on illegal recruitment. On the sidelines of a...

Disobeying officer.
October 25, 2006... (From BusinessWorld (Philippines)) A logistics officer of the Philippine Marines is expected to face charges for refusing to comply with his superior's order not to distribute video compact disc (VCD) copies of the documentary on the...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Samantha Leslie L. Marcelo A group of third year Integrated Arts and Medicine (Intarmed) students at the University of the Philippines College of Medicine are gathered around a long table,...

P50M for soldiers.
October 25, 2006... (From BusinessWorld (Philippines)) The Philippine Army is expected to receive a donation amounting to P50 million from former Manila congressman Mark B. Jimenez for the construction of housing units under the Kawal Kalinga Program of the...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Cherry C. Bobadilla It is difficult to keep up with an ad executive. But as the stories of many "creatives" have shown, the grueling hours, the hard-to-please clients, the often-skipped...

SEAIR to use new aircraft.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Domestic carrier South East Asian Airlines (SEAIR) is set to start operation from Clark Field in Pampanga in February next year, using its two brand-new 180-seater...

Manila Water urges MWSS to settle rate rebasing issue.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Ayala-owned Manila Water Co., Inc. urged state-owned Metropolitan Waterworks and Sewerage System (MWSS) to settle concerns on rate adjustments so that investors can...

SPECIAL FEATURE: BODY HEALTH & wellness.
October 25, 2006... (From BusinessWorld (Philippines)) Warning: Lack of exercise is dangerous to your health. The aforementioned warning is the key finding of a comprehensive review of medical research published in March 2006 in the Canadian Medical...

PSE to simplify listing to only 2 boards by next year.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Companies intending to go public have the option to list only in either of the two boards as the Philippine Stock Exchange (PSE) will consolidate the requirements in the...

Flying V ready to comply with biofuels law.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales Independent oil company Flying V said it is ready to comply with the Biofuels Act, which is expected to be signed into law by President Gloria Macapagal-Arroyo by...

New Paranaque project expected to generate P1.2B.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio Quadrillion Group of Companies expects to generate P1.2 billion in gross sales from its 1.9-hectare landscaped community in Sun Valley, Paranaque City, President and Chief...

Sun RP targets SMEs for new line of servers.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Paolo Joseph L. Lising Sun Microsystems Philippines, Inc. will leverage on the small and medium enterprises (SMEs) as its main buyers of its new line of servers powered by Advanced Micro...

Cathay Land earmarks P750M for new project.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave Cathay Land, Inc., the developer of South Forbes, has earmarked P750 million for its new project and has acquired more land for its Sta. Rosa, Laguna-based development, the...

Davao mall targets BPOs.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Carmelito Q. Francisco Davao City - The management of the New City Commercial Center-Mall Davao has started shopping for locators in the information and communications technology (ICT) area...

Increased bangus output sought.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Beverly T. Natividad Western Visayas producers of milkfish, known locally as bangus, eye to regain the top spot in this industry with ongoing efforts to expand their reach into both the...

Toothpaste firm mulls IPO for expansion.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno Local toothpaste manufacturer Lamoiyan Corp. is planning to offer its shares to the public in the next three to five years, as the company continues to strengthen its...

Eastern Visayas positioning as coco industry hub.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Lemuel L. Pagliawan Tacloban City - Up to 10 fresh coco-based investments are expected to locate in Eastern Visayas, which is positioning to be the next coco industry hub in the country. ...

Subic says Jan.-Sep. collections rose 23% year on year.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Rene Garcia Subic Bay Freeport and Special Economic Zone - This freeport posted P3.27-billion in revenues in the nine months to September, up 23.396% from the same period last year. A...

Privatization yields P1 billion by September.
October 25, 2006... (From BusinessWorld (Philippines)) Revenues from government asset sales exceeded P1 billion in the nine months to September, more than double the goal for this year. Figures on revenue collections from January to September released...

RP, Thailand exploring ties on alternative energy.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco The Philippines and Thailand forged a preliminary agreement to cooperate in alternative energy source development during the brief visit of Thai Prime Minister Surayud...

New Agriculture chief cites microfinancing as priority.
October 25, 2006... (From BusinessWorld (Philippines)) The government's microfinance program under Executive Order 558 is among the priority programs of incoming Agriculture Secretary Arthur C. Yap, who assumes the post today. "Microfinance has to be...

Palace orders agencies to raise their spending.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Bernardette S. Sto. Domingo President Gloria Macapagal Arroyo has directed government agencies to maximize their spending on key infrastucture and public services, with enough allowance for...

Targets for China visit bared.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco and Carmelito Q. Francisco The Philippines' successful economic reforms have made several of its industries attractive to Chinese investors, but persistent politicking...

Eastern Telecoms considering merger with local exchange unit.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo The country's oldest telecom operator, Eastern Telecommunications Philippines, Inc. (ETPI), is mulling over a merger with subsidiary Telecommunication Technologies...

Mt. Kinabalu climb.
October 25, 2006... (From BusinessWorld (Philippines)) Zamboanga City - Local climbers, along with climber Leo Oracion, plan to scale the 14,000-feet Mt. Kinabalu in Sabah, Malaysia any time next month. Dubbed Zamboanga-Kota Kinabalu Friendship Climb, the...

Leyte parricide case.
October 25, 2006... (From BusinessWorld (Philippines)) Tacloban City - A well-known mortician in Leyte province would now unfortunately benefit from the memorial services being offered by his funeral homes after he was gunned down by his son on Monday....

Abusive military dentist.
October 25, 2006... (From BusinessWorld (Philippines)) A pre-trial investigation is being conducted by the military leadership after a military dentist has allegedly sexually abused several civilian employees of 1351st Dental Clinic of the Armed Forces...

Tuition subsidy.
October 25, 2006... (From BusinessWorld (Philippines)) A total of P2.4 billion would be allocated as tuition subsidy for 610,000 poor students in private high schools under the Government Assistance to Students and Teachers in Private Education Program, said...

Up to $8 million still needed to finish new airport terminal.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa Labay Cagoco The government needs to shell out about $6 million to $8 million for the completion work of Ninoy Aquino International Airport Terminal 3 (NAIA- 3), said Manila...

ARMM boosts halal industry development.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Romer S. Sarmiento General Santos City - Philippine poultry firms hoping to get a slice of the $150-billion global Islamic market may now have better chances through the Malaysian-backed...

Clothes retailer sets aggressive expansion for teen market.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Jeffrey O. Valisno Filipino apparel retailer Adenip Corp. is set to aggressively diversify its product lineup in the coming months beyond its popular flagship brand F&H/ folded&hung. ...

Policy on maid's pay.
October 25, 2006... (From BusinessWorld (Philippines)) The Philippine Overseas Employment Administration (POEA) said that policy reforms in the deployment of domestic helpers would initially result in more illegal recruitment but this would also be...

Senate measure seeks higher pay, rank for public attorneys.
October 25, 2006... (From BusinessWorld (Philippines)) A measure that would strengthen the Public Attorney's Office (PAO) by increasing the posts, ranks and salaries of public attorneys has been sponsored at the Senate for approval on second reading. ...

DOWNSOUTH.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Hernani P. de Leon Davao City - While the bombings brought death and destruction in affected towns as well as fear in the island's urban centers, the impact on economic growth is not...

Billboard disposal rules readied.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Ira May Joyce P. Pedrasa The Department of Public Works and Highways (DPWH) is preparing to issue the guidelines on the disposal of the dismantled billboards, which could include the auction...

Nine enlisted soldiers linked to '03 Oakwood mutiny freed.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes Nine enlisted personnel linked to the so-called Magdalo group have been released from detention a week after charges against them were dropped for insufficiency of...

Police record fewer kidnap cases this year.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Michelle Syonne M. Reyes The Philippine National Police (PNP) yesterday disclosed that kidnapping-for-ransom cases significantly dropped in the past 10 months, indicating a possible low...

Customs strict on imports of used vehicles.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave The Bureau of Customs has ordered its officers to strictly enforce the Supreme Court's ruling prohibiting the importation of used motor vehicles, except those that land...

Inventors' lament.
October 25, 2006... (From BusinessWorld (Philippines)) Davao City - Mindanao inventors are up in arms against what they claimed as "imperialism" prevailing at the Technology Application and Promotions Institute, an agency under the Department of Science and...

Changes eyed for health card.
October 25, 2006... (From BusinessWorld (Philippines)) A solon asked President Gloria Macapagal-Arroyo and the Philippine Health Insurance Corp. (PhilHealth) to extend the PhilHealth card's validity to two years from one year "to maximize the benefits for...

High court sets special session to tackle Charter change issue.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Paul C.H. How with Reagan D. Tan The Supreme Court en banc will be conducting a special session today to decide whether a 1997 injunction on a previous citizens' move to change the 1987...

15-year-old case may benefit from dispute resolution rules.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Josefa L. Cagoco A 15-year-old case involving the Development Bank of the Philippines (DBP) and the National Tobacco Administration (NTA) is set to benefit from the newly drafted rules on...

Human rights probe.
October 25, 2006... (From BusinessWorld (Philippines)) Bacolod City - The Bacolod office of the Commission on Human Rights (CHR) will conduct an investigation on the arrest of five suspected rebels following the military's raid of a suspected communist...

Gov't pushes changes to incentives measure.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Judy T. Gulane Government officials are scheduled to meet soon to discuss changes to Senate Bill (SB) 2411, the fiscal incentives rationalization bill, in a bid to make it acceptable to...

Retailers, credit card firms set meet as DTI acts vs surcharges.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave Credit card firms and retailers are set to discuss the possibility of lowering surcharges in the light of a Trade department prohibiting the passing on of extra fees to...

Transco auction delayed anew on bidders' request.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Iris Cecilia C. Gonzales The sale of state-owned National Transmission Co. (Transco) has been delayed anew as prospective buyers asked for more time to prepare their bids. The Power...

Basco airport terminal.
October 25, 2006... (From BusinessWorld (Philippines)) The Department of Public Works and Highways has fast-tracked the completion of the P10-million Basco Airport Terminal Building in Basco, Batanes, to maximize the booming tourism industry there. "Based on...

RP debt papers to outperform regional bonds.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Karl Lester M. Yap US financial giant J.P. Morgan Chase & Co. remains bullish on the Philippines and expects the country's sovereign bonds to outperform regional bonds in the next three...

AD LIB.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Greg B. Macabenta What do George W. Bush and the Republicans have in common with Gloria Macapagal-Arroyo and her ruling party? Scare tactics. The Republicans are warning the American...

BYSTANDER.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Dean O. de la Paz Designed like the great metropolis, long before modern-day mayors defaced it with architectural politics and egotistic billboards, the capital city of Manila was...

Improved fund use just as crucial as more spending for.
October 25, 2006... (From BusinessWorld (Philippines)) Byline: Reagan D. Tan While increased infrastructure spending has been noted by economists as a key factor in economic growth via enabling more economic activities, proper implementation and fund...

PINOY NA PINOY.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Edilberto N. Alegre I visited my dentist last week to have my last upper tooth extracted. It had been holding on to my gums valiantly but every solid morsel that found its way to its side...

Araw Values Awards 2006 slated.
October 24, 2006... (From BusinessWorld (Philippines)) Advertisers, advertising agencies, and suppliers have been challenged to infuse values into ads by using new media. This will be emphasized during the biennial Araw Values Awards 2006 spearheaded by the...

Smirnoff kicks off Asian tour in Marikina City.
October 24, 2006... (From BusinessWorld (Philippines)) Diageo Philippines, Inc. and its vodka brand Smirnoff demonstrated the capability of their filtration system by purifying water from the Marikina River. River water was pumped into the Smirnoff...

CONSUMER GUIDE.
October 24, 2006... (From BusinessWorld (Philippines)) Functions at Traders Hotel The Traders Hotel Manila is positioning itself as the ideal venue for functions. Its newly refurbished Embassy Ballroom can accommodate a maximum of 500 participants while...

PHILIPPINE SILICON VALLEY.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Dennis Posadas I gave a talk at the Ateneo de Manila University a few months ago on building a Philippine Silicon Valley. Greg Tangonan, a Ph. D. holder from Caltech and retired head of the...

DBP sells P9.56 billion in bad loans.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Maria Eloisa I. Calderon State-run Development Bank of the Philippines (DBP) expects to trim down its bad asset ratio to less than 2% as it unloads P9.56 billion worth of bad loans and...

ABS-CBN, Lamoiyan team up to save La Mesa Watershed.
October 24, 2006... (From BusinessWorld (Philippines)) Lamoiyan Corp. recently joined hands with ABS-CBN Foundation's Bantay Kalikasan in a tree-planting activity at the La Mesa Watershed. The La Mesa Reservation Area spans the areas of Caloocan, Quezon...

T-bill rates barely move without fresh leads.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon Yields from short-term government securities barely moved at yesterday's auction as the secondary market signaled the bottoming out of Treasury bill rates. The...

HGC to float P12-B bonds.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Ma. Eloisa I. Calderon State-owned Home Guaranty Corporation (HGC) is floating P12 billion in bonds to finance the shelter agency's requirements for low-cost housing projects. The HGC...

Index breaches 2,600 points, hits 9-year high.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Ruby Anne M. Rubio The composite index yesterday breached the 2,600 psychological barrier for the second time, hitting a nine-year high as investors bought more shares on hopes of better...

COURTSIDE.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Anthony L. Cuaycong You know Isiah Thomas is under a lot of pressure when you see him harbor a petty grudge against a critic. Given that he is about to embark on a season slated to make or...

GIVE AND GO.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Michael Angelo S. Murillo Powerhouse Barangay Ginebra Kings absorbed their second consecutive defeat in the ongoing PBA Philippine Cup last Sunday against the San Miguel Beermen. A...

Data services mobile phone industry's next wave of growth.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Maricel E. Estavillo Amid an increasingly saturated subscriber base, mobile data services is the next wave of growth for mobile communications in Asia-Pacific, a recent study from consulting...

FRAMEWORK.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Elfren Sicangco Cruz The state of entrepreneurship has changed radically over the past decade. Entrepreneurs like Bill Gates are recognized among business leaders around the world, and...

TO TAKE A STAND.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Rafael M. Alunan III Bismillah Irahman Irahim. Assalumu A-laikum Warrahma-tulahi Taala Wa Bara-katuho. The celebration of Eid'l Fitr today marks the end of the holy month of Ramadan. My...

FENCE SITTER.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Antonio R. Samson Comfort zones, as we know them in the corporate world, are a combination of routine, sense of security (the secretaries know you), self-confidence (you know the...

Banks told to do away with minimum balance rule.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Alexis Douglas B. Romero A solon has urged the Bangko Sentral ng Pilipinas (BSP) to order banks to pay interest on all savings accounts, regardless of their balance. Catanduanes Rep....

THE FINANCIAL EXECUTIVE.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Conchita L. Manabat This is the third of a series of articles on "The Rise and Rise of the Global CFO", a project of the International Association of Financial Executives Institutes (IAFEI)....

Foreign hotels eye RP retirement industry.
October 24, 2006... (From BusinessWorld (Philippines)) Byline: Kristine L. Alave Hotel conglomerates Hyatt Group of Hotels and Hilton Hotels Corp. plan to survey government properties in December or January next year for possible sites of retirement...