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Saturday, June 14, 2008 |
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No respite from inflation seen
going higher until October
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FILIPINOS ain’t seen nothing yet, as the
Development Bank of Singapore (DBS) forecast that consumer price
increases will accelerate further in the next four months.
In its third-quarter outlook, DBS said the
Philippines’ inflation will peak at above 11 percent year on year
in September or October, pushing up this year’s average rate to 9
percent. The Singaporean bank’s projection for the coming months
runs counter to the Bangko Sentral ng Pilipinas’ (BSP) earlier
claim that inflation would peak at 11 percent this month and start
decelerating in July.
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OFW remittances sustain double-digit growth
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MONEY sent home by overseas Filipino workers (OFWs)
returned to their double-digit growth trajectory in April, according
to the Bangko Sentral ng Pilipinas (BSP).
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Philippines to buy rice from Vietnamese govt
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THE Philippines is set to buy more rice from the
government of Vietnam to ensure a stable domestic supply of the
staple in the lean season, which starts next month.
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TransCo seeks loan to fund
Vis-Min projects
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STATE-RUN National Transmission Corp. seeks loan
assistance amounting to billions of pesos from Calyon Funding
Facility to finance the power transmission projects in the Visayas
and Mindanao, data from the National Economic and Development
Authority showed.
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Shipping firms to get tax perks
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Since the government will no longer allow single-hull vessels to
operate starting next year, several small to medium shipping firms
are applying for tax incentives and other perks to beat the deadline
set by the Board of Investments.
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Global software firm
targets bigger market here
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Global software firm Misys has expanded its market in the
Philippines amid intense spending by local banks on risk management
solutions that will upgrade their systems to International
Accounting Standards (IAS), the company said Friday.
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PERA bill seen to beef up country’s savings
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THE newly approved pension scheme, Personal Equity Retirement
Account (PERA), will to beef up the Philippines’ savings rate, a
lawmaker assured Friday.
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Flying V to put up new depot in south
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FLYING V is set to put up another oil depot in Cagayan de Oro City
to support its retail network across the country.
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Ashmore offers to buy out Petron
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THE Ashmore Group, through its unit SEA Refinery
Holdings B.V., has offered to buy out other shareholders of Petron
Corp.
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PLDT share value pulled down
by bearish financial markets
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PHILIPPINE Long Distance Telephone Co. (PLDT) said it lost hundred
billions of pesos in market value so far this month owing to the
weak financial market caused by the US economic slowdown and higher
food and fuel prices.
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Abacus unloads non-earning subsidiary
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ABACUS Consolidated Resources and Holdings, Inc. (ABA) disclosed to
the Philippine Stock Exchange that it would transfer all outstanding
capital stock of its non-operational subsidiary to its parent
firm...
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Domestic share prices rebound
at week’s end after four-day decline
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LOCAL share prices closed slightly higher Friday in a technical
rebound after four straight days of decline, analysts told AFP.
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Oil prices flat in Asian trade,
hold well above record level
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SINGAPORE: Oil prices traded flat, holding well above $136 in Asia
on Friday, as global concern mounted over the record-high price of
crude.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Accelerating rate of
change
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At the ASTD 2008 International Conference & Exposition in San
Diego last week, I had the opportunity to listen to one most
engaging speakers, Elaine Biech (pronounced Bik) on designing and
implementing change management effort in organizations.
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