Recently added articles from The Manila Times:
Current account surplus plummets
Mar 27, 2009; ... THE country's current account surplus plummeted on lower net service inflows and a higher trade in goods deficit, the Bangko Sentral ng Pilipinas (BSP) said Thursday. In a statement, the BSP said the current account, which tallies the net earnings or losses from the country's trade in ...
Escuela Taller: one of a kind
Mar 27, 2009; ... Imagine an indigent community becoming a neighborhood of highly-skilled and in-demand carpenters, with craftsmanship so exceptional that they are the carpenters of choice of architects and engineers involved in delicate restorative and building projects. If that scenario is hard to ...
Global crisis blamed for 30% drop in local advertising expenditures
Mar 27, 2009; ... Local advertising expenses went down by 20 percent to 30 percent because of the global economic downturn, according to an official of the Philippine Association of National Advertisers (PANA). "The immediate reaction [to] any crisis is to cut back costs and that includes advertising ...
Govt to increase domestic borrowings
Mar 27, 2009; ... THE Philippines will borrow more from local sources in the second quarter of this year. Data from the Bureau of Treasury showed that the government's borrowing program in the April to June period would reach P104.5 billion, higher than the first quarter's P92 billion.A total ...
Philippine Internet use rises
Mar 27, 2009; ... The Internet use in the Philippines grew last year on the back of higher research and social networking activities accompanies by the expansion of internet centers and digital media, an AC Nielsen-Yahoo Net Index report said.In a press briefing, Jay Bautista, AC Nielsen Media ...
PDEA agents arrest Benguet student for selling drugs
Mar 27, 2009; ... CAMP BADO DANGWA, Benguet: Authorities have arrested a member of a high-school drug group after an entrapment operation conducted over the weekend. Chief Inspector Edgar Apalla, OIC regional commander of the Philippine Drug Enforcement Agency (PDEA-CAR) identified the suspect as George ...
Sandigan convicts ex-mayor for graft
Mar 27, 2009; ... THE Sandiganbayan First Division on Thursday found guilty beyond reasonable doubt for the crime of graft the former municipal mayor of Imus, Cavite. In a 38-page decision of the Anti-Graft court, written by Associate Justice Alexander Gesmundo, ex-Mayor Oscar Jaro was convicted and ...
Utility firms warn of water shortage by 2015
Mar 27, 2009; ... Failure to tap other source of water may result in acute water shortage in Metro Manila and nearby provinces by 2015, the representatives of the Manila Water Co. Inc. and Maynilad Water Services Inc. told Congress on Monday. The water concessionaires raised the concern during a hearing ...
ERC orders Napocor to lower rates in Visayas
Mar 27, 2009; ... THE Energy Regulatory Commission (ERC) has ordered state-owned National Power Corp. (Napocor) to temper its rate hike in the power-starved Visayas grid. In a decision, the regulator asked Napocor to reduce its selling rate in the Visayas by P0.31 per kilowatt-hour to P3.76 per ...
Extelcom shareholder blocks Bayan plea
Mar 27, 2009; ... TRANS Digital Excel Inc. wants the Court of Appeals to junk the plea of Bayan Telecommunications Inc. to scrap the rehabilitation plan of Express Telecommunications Co. (Extelcom). In a 31-page comment filed with the Appellate Court, Trans Digital said Bayan over the years sought to ...
Local bourse to push corporate governance initiatives in Hong Kong, Singapore
Mar 27, 2009; ... THE Philippine Stock Exchange plans to hold a dialogue with market players in Hong Kong and Singapore next month to boost initiatives towards meeting international corporate governance standards.In statement, the PSE said the series of meetings will include fund managers, members of ...
Laguna provincial prosecutor sacked for alleged extortion
Mar 27, 2009; ... THE assistant provincial prosecutor of Laguna was sacked Thursday from his post for alleged extortion from complainants in an estafa case. The assistant prosecutor was to facilitate the resolution of the estafa case in favor of the complainants. Ordered relieved from his post by Cavite ...
Piñol critical of Blair as mediator:North Cotabato vice governor says peace talks with MILF an internal issue
Mar 27, 2009; ... COTABATO CITY: Vice Governor Emmanuel Piñol of North Cotabato, has slammed Malacañang over the proposed involvement of former British Prime Minister Tony Blair in the stalled GRP-MILF Peace Talks.Piñol took the lead in passing a resolution of the 14-man provincial board recently after ...
Philippines braces for lower growth
Mar 27, 2009; ... A sharp contraction in Philippine exports caused by the global financial crisis could dampen economic growth this year, according to the United Nations Economic and Social Survey of Asia and the Pacific (Unescap).In a report titled "Addressing Triple Threats to Development," the UN ...
Village folk resist illegal deals, 'bribes' for leaders
Mar 27, 2009 ... BOKOD, Benguet: As Lakay Felipe Leano recalled it, newly planted rice seedlings in his village in Bobok-Bisal, Bokod, had shriveled and died soon after a major Philippine mining firm began exploring for gold and other metals in the area.The company denied having caused the drying up ...
American BPO firm opens local unit
Mar 27, 2009; ... ASSOCIATED Creditors Exchange Inc. (ACE), a US-based business process outsourcing (BPO) firm specializing in debt collection, on Thursday inaugurated its first Philippine site. ACE Global Center Philippines Inc. would initially operate with 300 seats at the One World Global Square ...
CA under fire over 'leak':Petitioners: Ferret out source of Daniel Smith 'draft ruling'
Mar 27, 2009; ... An anti-crime crusader and a member of the Bar want the Court of Appeals (CA) to run after the source of its allegedly "leaked draft decision" published by The Manila Times reversing the conviction by a lower court of a US Marine for raping a Filipino woman. The concerned citizen, ...
Cartoon Network bullish on RP prospects
Mar 27, 2009; ... Cartoon Network Enterprises (CNE), the consumer products division of the popular children television entertainment brand, expects a bullish year for the local market. In a briefing, Dulce Lim-Chen, CNE Asia Pacific vice president, said that the company targets to double its revenues ...
Health department closely monitors peanut butter recall
Mar 27, 2009; ... The Department of Health on Thursday said it is closely monitoring the recall from stores of the peanut butter products of Samuya Food Manufacturing Inc., whose operation was suspended earlier this week after its products were found contaminated with salmonella. The Samuya products ...
Inflation to ease further in March, says central bank
Mar 27, 2009; ... THE Bangko Sentral ng Pilipinas (BSP) said inflation in March may have slowed further due to the downward adjustments in transport fares and electricity rates.BSP Governor Amando Tetangco Jr., said inflation is likely to fall within the range of 5.9 percent and 6.8 percent in March ...