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Wednesday, August 15, 2007 |
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Units may overheat while charging |
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Nokia recalls
millions of cell-phone batteries |
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By Chino S. Leyco Researcher
THE world’s leading
mobile-phone maker said Tuesday that millions of its units’
batteries could overheat triggered by a short circuit while
charging.
In a statement posted in its
website, Nokia said that 46 million batteries made by Ma-tsushita
between December 2005 and November last year, and branded as
“BL-5C” could experience over heating initiated by a short
circuit while charging, causing the battery to dislodge.
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RP shares close
lower amid US credit woes
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PHILIPPINE share prices closed
lower on Tuesday amid continuing concerns over US subprime mortgages
which have raised fears of a credit crunch in the financial markets,
dealers said.
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Jollibee profit
rises on increases in domestic, international sales
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THE country’s largest fast-food
operator told the Philippine Stock Exchange on Tuesday that its
profits rose by more than a quarter during the first six months this
year on the back of double-digit growth ...
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BIR streamlines
tax evasion penalties
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THE Bureau of Internal Revenue (BIR)
has issued an order aligning the schedule of compromise penalties on
tax evasion cases.
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No plan to import
rice just yet–Yap
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THE Department of Agriculture
said that it has no plans of importing rice at this moment, despite
a prolonged dry spell that is feared to cut the farm sector’s
growth to below the official target.
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Dutch firm gets
fiscal incentives
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Sykes Asia, one of the global
leaders in providing customer contact management solutions and
services in business process outsourcing (BPO), has been granted
fiscal holidays by the Board of Investments.
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Local company to
import LPG-fed buses from China
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A local company servicing
vehicles using liquefied petroleum gas (LPG) is set to import by
year’s end buses from China that can run on cooking gas.
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BFAR aims for a
double-digit growth to increase farm output
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THE Bureau of Fisheries and
Aquatic Resources aims for a double-digit growth this year to help
the farm sector attain its production target, it said Tuesday.
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Fortunes mixed in
global market as
credit concerns over US woes linger
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LONDON: World stock markets
experienced mixed fortunes on Tuesday as concerns lingered about a
global credit squeeze sparked by the crisis in the US home loan
sector.
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Proponent of
MRT-7 fails to meet conditions, DOTC says
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THE Department of Transportation
and Communications (DOTC) said the proponent of the Metro Rail
Transit Line 7 (MRT-7) failed to meet some of the conditions stated
in the contract the government set.
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BSP, PDIC set up
fund for banks
operating in vulnerable areas
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The Bangko Sentral ng Pilipinas
and the Philippine Deposit Insurance Corp. have linked up to put
together a natural calamities fund for banks and financial
institutions operating in areas prone to natural disaster
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Second-half results to depend on new telenovela,
game
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GMA profit
up on election spending, foreign operations
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GMA Network Inc. (GMA) on Tuesday
said its profits grew nearly a fourth in the first half of the year
on the back of higher revenues from political advertisements and its
international operations.
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Benpres registers
lower H1 earnings
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BENPRES Holdings Corp. reported
on Tuesday that its net income dipped on the back of lower gains
from its investments in the first six months of the year.
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PNOC geothermal
unit benefits from forex gains
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THE geothermal unit of state-run
Philippine National Oil Co. (PNOC) said its net income in the first
semester more than doubled on the back of higher recurring income
and foreign exchange gains.
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