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Monday, June 08, 2009 |
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SPECIAL REPORT
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amid tough times
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Telcos open new battlefront
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By Darwin G. Amojelar, Senior Reporter
AS companies and consumers cut discretionary spending because of the
uncertain economy, telecom companies have begun creating novel
offerings to cajole subscribers and retain,
if not grow, market share.
The National Statistical Coordination Board (NSCB)
earlier reported that consumer spending in the first quarter slowed
down to 0.8 percent from 5.1 percent a year ago, leading the overall
economy to barely grow at 0.4 percent from 3.9 percent last year.
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Citibank sees more rate cuts
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CITIBANK said the Bangko Sentral ng Pilipinas (BSP) would keep
cutting interest rates in the near term given the country’s weak
first quarter economic performance.
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No contraction this year, says BSP
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THE economy is unlikely to contract this year given the ample
financial liquidity and sustained productive activities, the Bangko
Sentral ng Pilipinas (BSP) said.
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Think tank bucks electricity measures
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STATE-RUN National Tax Research Center (NTRC) has expressed
reservations about a legislative proposal aimed at lowering
electricity rates by using government’s share in the production
and development of indigenous sources of energy.
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Slipping revenue effort worries
IMF, says Finance
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THE International Monetary Fund (IMF) is concerned about the impact
of the global economic crisis on the Philippines’ revenue
collection effort, a Department of Finance official said.
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With auto aid, US follows industrial
policy
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WASHINGTON, D.C.: The rescue of US auto icons General Motors (GM)
and Chrysler signals a new focus in Washington on preserving a
manufacturing sector seen as critical to the fragile economy,
analysts say.
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Philippines to update car development program
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THE Philippines plans to revise its Motor Vehicle Development
Program (MVDP) to keep it up to date following a shakeup in the
global auto industry.
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ABS-CBN to hike advertising rates amid economic crisis
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AMID the economic slowdown, ABS-CBN Broadcasting Corp. plans to
raise its advertising rates in August, citing superior program
ratings against its leading rival.
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San Carlos wind power project shelved on fund lack
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A WIND power project in Negros Occidental has been put on the
backburner because of lack of financing.
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Paxys sets sights on more Aussie acquisitions
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PAXYS Inc. plans to expand its Australian unit through acquisitions.
Tarcisio Medalla, president of the listed
business process outsourcing (BPO) firm, said the financing
opportunities offered by Australian banks has provided...
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Global Steel seeks higher tariff protection
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GLOBAL Steel Philippines Inc. (GSPI) is seeking safeguard measures
and tariff protection for its products, a source from the Department
of Trade and Industry (DTI) said.
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San Miguel property unit keen on bidding for FTI
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THE property arm of Southeast Asia’s largest food and beverage
conglomerate is interested in acquiring state-owned Food Terminal
Inc. (FTI).
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Equity theory: The
embarrassing truth
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ONE management concept that some businessmen are trying to ignore
since time immemorial is John Stacey Adams’ Equity Theory.
You’ll probably say: “Who’s he? He’s dead!”
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