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Thursday, September 10, 2009 |
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AMID 400,000 JOBLESS NURSING GRADUATES
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BPO Company offers nurses alternative to leaving RP
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By Ben Arnold O. de Vera, Reporter
FILIPINO nurses may opt to stay in the country to work as “digital
medical butlers” for a medical knowledge process outsourcing (KPO)
firm that will put up training facilities and a contact center to
service clients abroad.
In a briefing on Wednesday, Wei Siang Yu, Fly
Free for Health Group of Companies founder and chief executive
officer, said the company’s Philippine subsidiary, Life Stage
Communication, will put up facilities in Manila and Davao in the
next six months, through which registered Filipino nurses can assist
patients online.
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Finance trims 2010 public sector financial deficit
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The Department of Finance (DOF) scaled down the public sector’s
revenue shortfall for next year, on expectations that growth would
pick up as the impact of the global financial meltdown dissipates.
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Motor vehicle sales continue to fall in
August
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AUTO sales fell in the first eight months of the year, industry
groups said on Wednesday, pointing out that August historically is a
slow month.
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Big banks trump listed, state firms in governance
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PHILIPPINE universal and commercial banks have complied with the
global standards on corporate governance practices, with their
improved risk management operations supporting the financial system
despite the global financial crisis, the Bangko Sentral ng Pilipinas
(BSP) said.
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Local bourse appoints acting chair for key body
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THE Philippine Stock Exchange (PSE) said its board of directors has
appointed a new person to head its Market Integrity Board (MIB) a
week after its chairperson suddenly resigned.
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Moody’s to keep triple-A ratings of major economies
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LONDON: International ratings agency Moody’s on Wednesday said it
was now unlikely to downgrade the world’s leading economies in the
near future as the global economy shows signs of improvement.
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Marriott to expand Asian presence despite crisis
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HONG KONG: Hotel group Marriott International announced on Wednesday
it was planning 21 new hotels in Asia, despite the impact of the
global economic slowdown on travel and demand.
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Mitsubishi Motors to ramp up Thai operations, jobs
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TOKYO: Japan’s Mitsubishi Motors Corp. said Wednesday that it was
hiring 1,300 workers in Thailand as the battered car market slowly
recovers from its slump.
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Bank of Japan rules out emergency measures
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TOKYO: The need for emergency measures by the Bank of Japan (BoJ) to
support cash-strapped companies is decreasing as the global
financial crisis abates, a member of the bank’s policy board said
Wednesday.
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SMIC eyes dollar borrowing
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THE holding company of the SM group said Wednesday that it plans to
borrow money through the sale of dollar-denominated bonds to pay off
its debt.
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. . . As Property Unit Plans Sale Of Additional Shares
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THE mid-market property unit of the SM group announced Wednesday
that it plans to raise fresh funds through the sale of new shares to
finance its land banking activity and corporate capital
requirements.
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Ethanol group vows to increase production
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Local ethanol producers have pledged to increase
their production to support the country’s alternative fuel program
Tetchi Capellan, Ethanol Producers Association
of the Philippines (EPAP) director, said the group would be able to
ramp up...
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BOI awards tax perks to furniture exporter
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The Board of Investments (BOI) has approved a furniture maker’s
application for tax credits on raw materials and zero value-added
tax (VAT) rating on its exports.
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EDC to rehabilitate geothermal plants
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Lopez-controlled Energy Development Corp. (EDC) plans to
rehabilitate the geothermal plants it bought from the government
once these are turned over by the fourth quarter.
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Aboitiz Power to build hydro facility in Benguet
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A UNIT of Aboitiz Power Corp. (AP) plans to up a hydroelectric plant
in Benguet province.
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RBAP
By Gregory De Guzman
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RBAP won’t rest on its
laurels
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Despite the onslaught of the global financial crisis in September
last year that brought even centuries old financial institutions to
their knees, the country’s rural banks were one of the few bright
spots in 2008.
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