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Monday, June 01, 2009 |
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ANALYSIS
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Property firms shift focus to keep afloat
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By Darwin G. Amojelar,
Senior Reporter
PROPERTY firms are shifting focus, with mall developers reinventing
themselves and housing construction scraping at the bottom, to keep
afloat as the Philippine economy teeters into a recession.
Last week, the government said the country’s
gross domestic product (GDP) grew at a sharply lower 0.4 percent in
the first quarter from 3.9 percent in the same three-month period
last year.
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 Full
Story>>
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BSP explains high lending, low growth conundrum
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THE Bangko Sentral ng Pilipinas (BSP) said the resilient bank
lending activity in the first quarter of the year will be reflected
in the country’s economic data for the second quarter.
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NEDA shrugs off Energy’s request for certification
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THE National Economic and Development Authority (NEDA) turned down
the Department of Energy’s (DOE) proposal to declare vital
energy-related infrastructure as projects of national significance.
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Profits of listed firms fall nearly a third
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PROFITS of all listed companies fell by nearly a third last year due
to the financial crisis, the Philippine Stock Exchange (PSE) said.
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Full
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Stock market to undergo correction this week
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PHILIPPINE shares are due to undergo a correction this week as the
market has gone up too quickly, dealers said last Friday.
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Finance bucks legislation cutting amusement tax
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THE Department of Finance (DOF) has expressed reservations about a
legislative proposal aiming to reduce the amusement tax rate.
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Manufacturers seek tariff relief
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VARIOUS commodity manufacturers, including cement-makers, flour
millers and bakers’ groups, trooped to the Tariff Commission last
Friday, seeking relief amid the economic slowdown.
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SMIC capital-raising to fund hotel, convention centers
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SM Investments Corp. (SMIC) plans to spend billions of pesos over
the next four years to fund the constructions of hotels and
convention centers.
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Korea extends renewable energy credit
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KOREA East West Power Co. Ltd. (EWP) is tying up with Alternergy
Philippine Holdings Corp. for renewable projects.
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Flying V embarks on aggressive retail network expansion
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FLYING V is embarking on an aggressive retail expansion campaign
across the country.
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High deposit insurance takes effect
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A HIGHER ceiling for bank deposit insurance will take effect today,
according to the Philippine Deposit Insurance Corp. (PDIC).
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Philtrust registers growth in net income
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PHILIPPINE Trust Co. (Philtrust) said it registered a significant
growth in net income in the first quarter, reflecting sustained
funds for loans and deposits.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Momoiro Heaven:
Japan’s Amusing Pink Trade (2)
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AS you can probably imagine in our first part last week, the terms
used in Japan’s thriving billion yen sex industry are
transliterations of the English language. Generally, they are in
katakana or in phonetic syllabary to represent foreign names and
other loan words, which suggest that their origin is outside Japan.
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