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Saturday, August 15, 2009 |
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First-half farm
sector growth slows sharply
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PHILIPPINE farm output growth fell sharply in the first half of this
year despite state efforts to boost crop production and a recovery
in the disease-ravaged livestock sector, the government said Friday.
The Department of Agriculture
reported that the agriculture sector, which accounted for about a
fifth of the country’s economy, grew 1.53 percent at end-June, or
way below the 4.7 percent expansion in the same period last year.
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Think-tank sees no
recession for Philippines this year
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A UNIVERSITY of the Philippines-based think tank
forecast the economy to grow within the government’s target this
year, but warned of challenges for the country’s export sector in
the near term.
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PhilEXIM offers
exporter-lending
program for small, medium enterprises
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STATE-RUN Philippine Export-Import Credit Agency (PhilEXIM)
is offering a lending program for small enterprises.
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Big banks’ bad
loan ratio eases in June
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BAD loans of the country’s biggest banks eased
further in June as a proportion of their combined assets, with the
industry’s non-performing loan (NPL) ratio slumping to its lowest
since 2001.
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Manufacturers push
COA audit of ‘dubious’ imports
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THE Federation of Philippine Industries (FPI) wants
the Commission on Audit (COA) to conduct post-entry audits on
dubious import shipments.
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Flour millers
slash prices as local competition grows stiffer
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A GROUP of local flour millers announced that they
slashed flour prices by P10, citing lower global wheat prices and
stiff domestic competition.
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PAL profit drops
in end-June
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Philippine Airlines (PAL) said its profits during the
first quarter ending June fell on weak passenger revenues because of
the Influenza A(H1N1) and the economic crises.
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Robinsons allots
more mall space for BPOs
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ROBINSONS Land Corp. (RLC) said it would set aside
more than half of its upcoming shopping mall space for business
process outsourcing (BPO) firms.
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BPI sees strong
net income growth to continue in second half
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BANK of the Philippine Islands (BPI) said its profit
growth would remain strong in the second half of the year due to
improving economic conditions.
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SMEs showcase
products in food caravan
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The Department of Trade and Industry (DTI) said
micro, small and medium enterprises (MSMEs) from Northern Luzon are
now showcasing their native delicacies at the Third North
Philippines Food Caravan.
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Philippines to
hold talks on distilled spirits duties with EU
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Trade Secretary Peter Favila said the Philippines
will talk with the European Union (EU) after the World Trade
Organization (WTO) called for a consultation regarding Manila’s
high duties on distilled spirits.
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HSBC resigns as
San Miguel Beer bond trustee
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SAN Miguel Brewery Inc. (SMB) on Friday said it has
appointed new trustee banks for its fixed rate bond sale.
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Microsoft touts
IE8 as its champion in browser wars
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SAN FRANCISCO: Microsoft is touting freshly launched
Internet Explorer 8 as its champion in the competitive Web browser
arena, urging holdouts to upgrade from earlier versions of the
software.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Real leaders and
the team mindset
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Real leaders foster collaboration, encourage
communication, push for innovations, advance discussions and
consensus and nurture their team.
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Story>>
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