Archive for July, 2009
Touch a blogger: Tie a yellow ribbon for Cory Aquino!
This ‘green blog’ is getting a dash of yellow as it ‘tie a yellow ribbon’ and participate in the worthy project of Reyna Elena and the rest of Barrio Siete writers. As a post is made, a prayer for our former president Cory Aquino is also whispered. I would like to invite other bloggers too, [...]
July 27, 2009
· 
Roy · 
No Comments
Tags: Cory Aquino, Philippines, Prayer for Cory, Touch a Blogger, Yellow Ribbon for Cory · Posted in: People, Philippines
2010 Philippine Holidays announced
Malacañang announced the 2010 holidays early to give way to the clamor of the business sector. Pursuant to Republic Act 9492, which provides that holidays, except those religious in nature, be moved to the nearest Monday, President Arroyo signed on July 21, 2009 Proclamation 1841 declaring the special non-working days and special holidays for 2010. [...]
July 22, 2009
· Roy · 7 Comments
Tags: 2010 holidays, EDSA Revolution, four-day weekend, gma, Malacañang, Monday holidays, Ninoy Aquino Day, Philippine Holidays, Proclamation 1699, Proclamation 1841, RA 9492, special holidays · Posted in: Philippine business news, Philippine Holidays, Philippines
San Miguel Corp. investing in an expressway project
The San Miguel Corp., the country’s biggest food and beverage conglomerate is looking to diversify as it looks into taking part in a road construction project. SMC has signed a non-binding deal with PIDC (Private Infrastructure Development Corp.) to acquire a significant stake in the P15.36-billion Tarlac-Pangasinan-La Union Toll Expressway project. San Miguel president Ramon [...]
July 20, 2009
· Roy · No Comments
Tags: DPWH, infrastructure, investments, North Luzon, PIDC, road construction, San Miguel, SMC · Posted in: Uncategorized
Goodyear closing down tire plant in the Philippines
It looks like the global economic recession is still far from over, and some companies are taking up measures to save on costs. Goodyear Tire & Rubber Co. announced that it will close its tire plant in the Philippines. Said closure will displace approximately 500 employees or about 83% of its staff in the country. [...]
July 18, 2009
· Roy · No Comments
Tags: closing down, displaced employees, Effects of recession, employment problem, Goodyear Tire, Philippines · Posted in: Labor, Philippine business news, Philippines
Telecoms extend validity of cell phone credits
Here’s good news to all prepaid subscribers like me: The expiration of prepaid load credits will be finally extended. The telecommunications companies have agreed to a government order to extend the validity of prepaid load credits, although they have asked for time to carry out the changes. The extended validity of load credits is as [...]
July 16, 2009
· Roy · 2 Comments
Tags: cell phone load credits, communications, Digitel, Globe, load extension, mobile, mobile companies, NTC, Smart, telecommunications · Posted in: money
New Rent Control Law signed
The bill that aims to protect the more than 1.55 million low income Filipinos renting homes has been signed into law last Tuesday by President Gloria Macapagal-Arroyo at the Malacañang Rizal Hall in a simple ceremony that was witness by Vice President Noli de Castro, chairman of the Housing and Urban Development Coordinating Council (HUDCC), [...]
July 14, 2009
· Roy · No Comments
Tags: HUDCC, New Rent Control Law, RA 9653 · Posted in: finance, Law, Philippines
BSP declared ‘not a bank’ and exempted from GRT
A memorandum from the Bureau of Internal Revenue has declared the Bangko Sentral ng Pilipinas (BSP) not a bank and therefore exempted from GRT or gross receipt tax. The Revenue Memorandum Circular 65-2008, which states that BSP is exempted from GRT and some other taxes was signed by former BIR commissioner Lilian B. Hefti. It [...]
July 13, 2009
· Roy · No Comments
Tags: bank, banking, BIR, BSP, credit, finance, GRT, money, Philippines, tax exemption · Posted in: money
7-Eleven posted increased net income for first quarter of 2009
Effective cost management, plus a large base of store network is what Philippine Seven Corp. says it attributes its positive performance for the first three months of the month year. For the period January to March, the local operator of the 7-Eleven chain of convenience stores posted an increased net income which rose to P13.27 [...]
July 13, 2009
· Roy · 7 Comments
Tags: 7-Eleven, Business, convenience stores, first quarter performance, franchise, net income, Philippines, PSC · Posted in: Philippines
Corporate Giveaways exhibit
It’s never too early to plan for your company’s giveaways this coming Christmas. To see your choices for the best company promotional items, visit the 21st edition of the Corporate Giveaways Show from July 16 to 18 at the World Trade Center. The Corporate Giveaways exhibit is a good venue to see business gifts ideas, [...]
July 12, 2009
· Roy · No Comments
Tags: corporate giveaways, events, exhibit, trade fair, World Trade Center · Posted in: Uncategorized
