Archive for August, 2009
Henry Sy is RP’s most richest – Forbes
The Forbes Asia magazine released their latest list of the Philippines’ 40 Richest, and it has mall magnate Henry Sy at the top stop, followed by business tycoon Lucio Tan at second spot and Ayala conglomerate’s chairman emeritus Jaime Zobel de Ayala at third. Sy’s networth has increased by $700 million from the last Forbes’ [...]
August 30, 2009
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Roy · 
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Tags: 2009, economy, Forbes Magazine, Henry Sy, Jaime Zobel de Ayala, Lucio Tan, Manny Villar, Philippines Richest, Top 40 Richest, wealthiest · Posted in: Announcement, money, People, Philippine business news
Can the internet help you save money?
Can you save money by buying from the Internet? Greg Karp, author of the book Living Rich by Spending Smart, says you can. But he also said that you should also ‘surf around’ and compare prices before you make an online purchase. These and more practical are featured in his interview posted at cbn.com called [...]
August 29, 2009
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Posted in: Product Reviews
Bayantel won’t give up bid for 3G license
Bayan Telecommunications, Inc. was denied in its bid to acquire a license to operate 3G (third generation) mobile service by the National Telecommunications Commission (NTC). But Bayantel is fighting for the 3G license and vows to file a motion for reconsideration before the Court of Appeals (CA). The Lopez-owned telecommunications company said it would exhaust [...]
August 25, 2009
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Tags: 3G, 3G license, Bayantel, CA, mobile technology, NTC, PLDT, telco, telecommunications · Posted in: Announcement, Government, Law, Philippine business news, Philippines
ADB approved $500 M loan to the Philippines
The Philippines gets fresh funds as the Asian Development Bank (ADB) approved a loan $500 million to the country. The loan is said to help boost the Philippines’ fiscal spending amid the global economic recession. It is the first loan to be released under the ADB’s Countercyclical Support Facility (CSF) established in June to help [...]
August 24, 2009
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Tags: $500-million loan, ADB, CSF, finance, funding, Loans, money, Philippines · Posted in: Announcement, finance, Government, Loans, money, Philippine business news, Philippines
Pay parking proposed in Quezon City
A proposed ordinance in Quezon City aims to impose parking fees on “places of special interest” in the city. The proposed parking fees shall range from P20 to P150 for the first 3 hours depending on the type of vehicle. “Places of special interest” is defined in the proposal as those where people congregate, including [...]
August 22, 2009
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Tags: "places of special interest", city ordinance, parking fees, pay parking proposal, proposed legislation, QC, Quezon City, safety · Posted in: Announcement, Government, Law, money, Philippine business news, Philippines
“Philhealth is financially healthy”
“Philhealth is financially healthy” This seems to be the assurance that government wants to give as news broke out recently that the Philippine Health Insurance Corp. (Philhealth) was on the brink of bankruptcy. In a Malacañang briefing, Budget Secretary Rolando Andaya told reporters that “Philhealth is far from bankruptcy.” He even said that contrary to [...]
August 21, 2009
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Tags: bankruptcy, finance, financialy stable, Government, liquidity, money, Philhealth, Philippines · Posted in: Announcement, finance, Government, money, Philippine business news, Philippines
Oil companies rolled back prices of diesel and gasoline
Oil companies cut down prices of gasoline by P1.50 per liter and P1 per liter for diesel and kerosene. The cut-down price took effect at sundown Thursday. Pilipinas Shell Petroleum Corp. initiated the rounds of reduction. Company vice president Roberto S. Kanapi said, “Shell will roll back prices of gasoline to its dealers to reflect [...]
August 21, 2009
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Tags: diesel, gasoline, majoy players, oil companies, Petron, roll back, Seaoil, Shell · Posted in: Announcement, Consumers, finance, Philippine business news, Philippines
Durabrand DVD players recalled by Wal-Mart
About 1.5 million Durabrand DVD players are being recalled by Wal-Mart because said products has the possibility of bursting into flames, according to the U.S. Consumer Product Safety Commission. There have been 12 complaints of DVD players overheating which were already received by Wal-Mart. Five of those have caused fires resulting to damaged in properties. [...]
August 20, 2009
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Tags: CNN money, defective units, Durabrand, DVD players, news, product recall, Wal-Mart · Posted in: Announcement, Consumers, Products, Warning
BFAD is now FDA by the power of RA 9711
The Bureau of Food and Drugs (BFAD) will now be known as the Food and Drugs Administration. The BFAD was renamed into FDA by the power of the Republic Act 9711 which was signed into law by President Gloria Macapagal Arroyo last Tuesday in Malacañang, witnessed by some lawmakers and government officials. RA 9711, according [...]
August 19, 2009
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Tags: BFAD, Cheaper Medicine Law, FDA, Francisco Duque III, Health Secretary, Malacañang, Medicine, news, Philippines, President Arroyo, RA 9711, Republic Act 9711 · Posted in: Health, Law, Medicine, Philippines
Removing tuition cap will boost quality of education?
A recent study of World Bank shows that removing cap on tuition fee will help boost the quality of education in Philippines. The World Bank in its study called “The Role and Impact of Public-Private Partnerships in Education” said that while the cap is intended to make private education affordable for the poor, it can [...]
August 19, 2009
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Tags: education for the poor, Philippines, role and impact of public-private partnerships in education, scraping tuition fee cap, standards of education, World Bank · Posted in: Education, finance, money, Philippine business news, Philippines, Poverty
