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Saturday, September 12, 2009 |
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Bank lending growth slows to single digits amid crisis
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By Maricel e. Burgonio, Senior Reporter
BANK lending growth slowed to the single digits in July, as
manufacturers and property firms scaled back their borrowings, the
Bangko Sentral ng Pilipinas (BSP) said.
In a statement, the BSP said growth eased to 8.7
percent from the 14.3-percent expansion in June. At end-July, total
loans outstanding reached P1.930 trillion.
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… as bad loan ratio starts to pick up in July
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The decline in the bad loan ratio of the country’s biggest lenders
halted in July, marking the first time this key measure of banking
sector health edged up after nine months of contraction.
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Arroyo tax effort lags predecessors
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THE Arroyo administration’s revenue effort is the “worst”
among post-Edsa governments despite the full implementation of the
Reformed Value-Added Tax (RVAT) law and the sale of state assets,
non-government Freedom from Debt Coalition (FDC) said.
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Court junks PSALM move to recover charges from Meralco customers
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The Court of Appeals has dismissed a petition from state-run Power
Sector Assets and Liabilities Management Corp. (PSALM) to recover
additional generation charges from Manila Electric Co. (Meralco)
customers.
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First-half govt debt
rises
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The Philippine government’s debt rose in the first six months this
year as it borrowed more through the sale of peso-dominated bonds to
make up for lower-than-expected tax collections.
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US stimulus created jobs, says White House
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WASHINGTON, D.C.: A massive US stimulus plan has created up to 1.1
million jobs and is expected to lift the economy by three percentage
points in the third quarter, the White House said
Thursday.
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Japan revises second-quarter growth downwards
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TOKYO: Japan’s economy rebounded at a weaker pace than first
thought in the second quarter as companies cut investment and
stockpiles amid a slow recovery from the worst recession in decades,
the government said Friday.
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Google book settlement alarms copyright office
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WASHINGTON, D.C.: The head of the US Copyright Office added her
voice Thursday to the chorus of concern over the proposed legal
settlement that would allow Google to scan and sell millions of
books online.
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AFTER ANNOUNCING JOB CUTS
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PAL orders more aircraft on expected uptick in foreign travel
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PHILIPPINE Airlines (PAL) on Friday said it expects a “slight”
up tick of the overseas air travel market next year as it ordered
six aircraft from Boeing ahead of the industry’s recovery by 2012.
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Amadeus ties up with schools for tourism courses
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Amadeus Philippines, an information technology solutions provider to
the travel and tourism industry, said it will help train tourism
students of six universities and colleges, In a statement, Amadeus
said it signed agreements with De La...
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Ethanol seen to give farmers add’l income
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ETHANOL will provide local farmers an additional revenue stream
because of the mandated increase in demand at the pumps, an industry
official said.
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Mr. Quickie to open new stores, add services
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Mr. Quickie Franchising Corp., the operator of Mr. Quickie
shoe-and-bag repair stores, announced on Friday that it plans to
open 10 shops each year as it adds more services.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Real leaders
blend personal humility, political will
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I remember being an accredited trainor for meeting management
sometime in the Eighties and, ever since, I have been teaching how
to facilitate effective meetings.
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