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Saturday, July 25, 2009 |
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DBS warns of RP
fiscal blowout
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By Lailany P. Gomez, Reporter
THE Philippines’ budget deficit will breach
the official ceiling since the cumulative shortfall in the first six
months of the year is already more than half the government’s
target, the
Development Bank of Singapore (DBS) said.
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Merrill Lynch sees
return of initial public offerings soon in region
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PRIVATELY owned Asian-Pacific companies may again
brave the stock markets, with initial public offerings (IPO)
resuming soon, an executive of a global investment bank said.
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Japanese rating
firm cuts Philippine outlook
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RATING and Investment Information Inc. (R&I) of
Japan cut its outlook on the Philippines from positive to stable,
citing the slow progress in tax collection and the possible
contraction of the domestic economy.
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Wall St. rally,
positive econ data lift local stocks
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Philippine share prices closed 2.47-percent higher on
Friday, lifted by the upturn on Wall Street and other positive
economic developments, dealers said.
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Regulators give
nod to cut off VECO customers from grid
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The Energy Regulatory Commission (ERC) has given the
green light to the Visayan Electric Co. (VECO) to cut off
participating customers in Cebu from the grid to alleviate the power
situation in the Visayas.
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NTC extends permit
of Eastern Telecom subsidiary
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THE National Telecommunications Commission (NTC) has
extended the permit of a unit of Eastern Telecommunications Phils.
Inc. (ETPI) to operate as inter-exchange carrier (IXC) in Metro
Manila and other areas.
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BOI grants tax
perks to animal feed maker, housing projects
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The Board of Investments (BOI) has granted tax
incentives and other perks to an expansion project of a
Filipino-owned animal feed manufacturer in Davao City and two
low-cost mass housing projects.
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MacroAsia seeks
investor for nickel processing plant
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MACROASIA Corp. said it is seeking for a potential
investor for the development of a nickel processing plant for its
mining site in Palawan.
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Microsoft profit
down in weak computer market
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SAN FRANCISCO: Microsoft on Thursday reported that
its latest quarterly earnings sagged 29 percent as revenues were
dragged down by a weak global computer market.
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Return of Wall
Street pay bonanza triggers concern
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NEW YORK: The Wall Street gravy train is gathering
speed again as banks only just emerging from financial crisis lavish
billions of dollars on their employees.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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‘Stop whining,
be glad you still have a job’
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Then they pile on the work,
remove the praise and freeze the pay.
Such actions from “jerk bosses” (we defined jerk boss last
column) is a sure-fire formula to lose their productive and
contributing employees...
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