Business Columns

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Despite what some well-funded technophiles would like us to believe, most people seem to understand that “social networks” are not really effective platforms for public action. The people of Masbate, however, apparently didn’t get that memo. Over the past several weeks, I’ve gotten to know a group on Facebook which…

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I had a smile to myself the other week when I saw some complaints posted somewhere on the Internet about the potential removal of the “door-to-door” postal service. To say I didn’t know that there was one would be an exaggeration, but really to imagine that people depend on a…

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THE Uniwide group faces the monumental task of fighting what could be its worst legal battle after a special hearing panel (SHP) of the Securities and Exchange Commission took away from it the debt relief that it has obtained from the SEC, and which it has been enjoying for 11…

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In a decision that is certain to have caused some head-scratching in Malacañang, the Court of Appeals ordered the government to pay the Philippine International Air Terminals Co. Inc. (Piatco) nearly $240 million as base compensation for the 2002 expropriation of the ill-starred Terminal 3 project at Ninoy Aquino International…

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IN several ways, educational establishments and asylums are both mental institutions. An individual must show some improvements to graduate. The same thing must happen if people and organizations understand the PDCA (plan-do-check-act) Cycle. Essentially, PDCA is a continual improvement model that goes by several names. The Japanese call it the…

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RETAINED earnings. San Miguel PureFoods Co. Inc. (SMPFC) had retained earnings of P15.9 billion as of December 31, 2012, of which it has appropriated P750 million for projects, according to the company’s audited financial report. However, SMPFC’s surplus, minus the appropriated amount, is not all available for declaration as dividend.…

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The otherwise relatively strong performance of the economy would have been more stable and convincing, if it were not for the sporadic commission by some “high-profile” personalities of graft and corrupt practices in the bureaucracy. The wide spectrum of people and network, who are engrossed in such kind of malpractice…

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THE Commission on Audit (COA) reports every year the compensation of government officials, including the principal officers and members of the boards of government-owned-or-controlled corporations and their subsidiaries. The report divides compensation into basic salary; personnel economic relief allowance/additional compensation (PERA/AdCom); allowances, bonus, incentives and benefits; extraordinary and miscellaneous expenses…

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Here are two interestingly contradictory headlines that appeared about a month apart on the Philippine Star’s website, philstar.com:—“Economic boom spreads wealth wider in the Philippines” (written by Associated Press stringer Teresa Cerojano on July 4). “Local execs face empty coffers” (written by Philstar reporter Michael Punongbayan and posted this past…

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There is a justifiable assumption that statements made by heads of state are correct, after all they have available to them the best information that government can provide, so they should be not only factually correct but also in the best interests of the people. The same should also hold…

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