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Tuesday, September 02, 2008 |
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PLAN ALLOWS SWITTCHERS TO RETAIN MOBILE NUMBER
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Cell phone
portability shelved
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By Darwin G. Amojelar, Reporter
THE National Telecommunications
Commission (NTC) said the plan to allow cell phone users to retain
their numbers even if they shift to separate network providers may
no longer push through, citing the huge expense involved.
Edgardo Cabarrios, NTC chief for
common carriers authorization, told reporters that the number
portability is too costly on the part of the subscribers based on
the recommendation of the agency’s technical working group.
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Peso slides to 46
against the US dollar
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The peso closed weaker on Monday on the back of
market expectation that oil prices will climb due to Hurricane
Gustav in the US, continued risk aversion and a stronger US dollar,
traders said.
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Short-term
interest rates fall
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INTEREST rates on short-term government debt papers
declined Monday after the Bangko Sentral ng Pilipinas (BSP)
announced that financial instruments would be subject to the final
withholding tax.
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Credit card use,
auto loans dip in March
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CREDIT card receivables as well as auto loans dipped
in March in line with weaker consumer spending due to higher prices
of oil and other commodities, the Bangko Sentral ng Pilipinas (BSP)
said Monday.
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Government taps
ADB loan for energy-efficient lamps
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THE Philippines sought loan assistance from the Asian
Development Bank (ADB) to procure millions of compact fluorescent
lamps (CFL) that will be distributed to lifeline customers to reduce
peak power demand.
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ERC completes
interim open access rules
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THE Energy Regulatory Commission (ERC) has completed
the draft rules on an interim open access scheme in the power sector
that would allow end-users to choose where they source their
electricity.
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BPOs advise LGUs
to ensure transparency, efficiency
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IN a bid to attract investors, the Business
Processing Outsourcing Association of the Philippines (BPAP) advised
local governments (LGUs) to come up with policies that will promote
transparency and efficiency,...
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Galoc oil eyes
production this month after delays
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The Galoc Production Co. (GPC), operator of the Galoc
field, announced the completion of repair works on the latter’s
facilities that were damaged by recent typhoons,...
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Australian-led
consortium to drill Palawan oil well in two years
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The consortium led by an Australia-based firm
announced on Monday that it is set to conduct drilling activities in
the service contract (SC) area covering the Marantao field off the
west coast of Palawan within the next two years.
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Mitsubishi to
increase price of Lancer
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THE Philippine unit of Mitsubishi will raise the
price of its Japanese-made Lancer model this month, an official
confirmed last week.
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Thrift lenders’
bad loan ratio improves
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BAD loans of thrift banks fell in April, the
Bangko Sentral ng Pilipinas (BSP) said Monday.
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Royal Bank of
Scotland establishes RP resence
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THE Royal Bank of Scotland Group (RBS) has rebranded
ABN AMRO Bank into Royal Bank of Scotland (Philippines), as the
lender expands its franchise in transaction services and investment
banking.
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SSS allots bonus
for pensioners
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STATE-RUN Social Security System said it has rewarded
pensioners with a bonus this month, in line with the pension
fund’s anniversary.
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MANAGING FOR SOCIETY
By Ben Teehankee, Dba
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Reversing the
ethical tide (Part 1)
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Hardly a week goes by without a scandal in high
places hitting the front page of the news. Even allowing for the
tendency of some papers to occasionally sensationalize,...
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