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Monday, May 25, 2009 |
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Growth seen to fall on weak govt spending
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THE Philippine government is not spending enough to lift the economy
amid the worst global slowdown in decades, an official said.
“They [national government] are not doing
their job, sad to say, because they are wedded unfortunately to
the wrong notion that they need to demonstrate extreme fiscal
discipline in a situation where public sending is necessary,” the
source said.
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Stronger peso ahead, says BSP
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FOREIGN portfolio investment inflows arising from improving risk
appetites will complement the seasonal rise in remittances in
further strengthening the peso this week, the Bangko Sentral ng
Pilipinas (BSP) said.
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Govt plans respite for sugar industry
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THE government plans to accommodate the sugar industry’s request
for prolonged protection against imports even as the Department of
Trade and Industry (DTI) has kept mum about a similar request by
other homegrown industries for respite amid a global slowdown.
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Stock market to undergo correction this week
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PHILIPPINE share prices will likely undergo a correction this week
after a recent strong rally, dealers said last Friday.
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Recession weighs heavily on foreign aid
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PARIS: Poor countries, already hard hit by the global economic
downturn, are now facing cutbacks in foreign assistance from
traditional donors saddled with rapidly expanding deficits.
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GM, Chrysler face decisive week as deadlines loom
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WASHINGTON, D.C.: The US auto industry faces a tumultuous week that
could see sector leader General Motors (GM) forced into bankruptcy
and number three maker Chrysler move toward a quick exit from court
protection.
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SEC approves increase in Philex capital stock
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THE Securities and Exchange Commission (SEC) approved the
application of Philex Mining Co. (Philex) to increase its authorized
capital stock.
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San Miguel approves shares swap program
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THE board of Southeast Asia’s largest food and beverage
conglomerate approved a plan to offer shareholders the option to
exchange their common shares to preferred shares.
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Finance bucks granting PhilRice authority to tax
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THE Department of Finance (DOF) is opposing a legislative measure
aimed at expanding the functions of the Philippine Rice Research
Institute (PhilRice) to include the power to impose levies, the
National Tax Research Center (NTRC) said.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Momoiro heaven:
Japan’s amusing pink trade
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AS an erratic business Japanologist, I can’t help but be
distracted once again by the headlines and compare it with momoiro
which stands for something that’s pink which is equivalent to what
they’ve in English as “blue” as in “blue film.”
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