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Saturday, June 20, 2009

 

SPECIAL REPORT

Fall of economic pillar shatters complacency

 
(Last part)
 
THE Philippines’ disappointing first-quarter economic performance has shattered the official consensus about the country’s supposed resilience amid the worst financial crisis since the 1930s Great Depression.Before the shocking admission that it was “teetering into recession,” the country’s economic managers were unanimous in saying four things.

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O T H E R   R E P O R T S

 

LONDON: Oil prices headed higher toward $72 a barrel on Friday, spurred by hopes that the worst is over for the ailing global economy, analysts said.

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THE Department of Trade and Industry (DTI) said there is sufficient supply of health-care goods, and their prices remain stable amid the spread of the A(H1N1) virus in the country.

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The Department of Finance and Japan Bank for International Cooperation on Friday signed a memorandum of agreement (MOU), under which the Japanese agency would guarantee the Philippines’ planned sale of Samurai bonds or IOUs in the next two years.

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The property arm of Alliance Global Group Inc. (AGI) said it expects higher revenues from its rental space business even as it projected slower earnings growth this year.

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THE Philippine unit of Hong Kong’s First Pacific Co., Ltd. said it will soon trim its exposure in Landco Pacific Corp.

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TeaM Energy Corp. placed its expansion plans on the back burner because of a slowdown in demand.

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The Energy Regulatory Commission (ERC) said that utilities should seek its approval first before installing elevated electric meters (EMC) since these prevent customers from monitoring their own consumption.

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LEARNING & INNOVATION
By Moje Ramos-Aquino, FPM

Last column, we described them and asked you if you are ready for the millenials or net gens (those born 1977 to 97) and our reference is the thoughtful keynote speech of Tony Bingham at the immensely successful ASTD 2009 Conference & Exposition in Washington, D.C.

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