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  • Wednesday, September 08, 2010 | MANILA, PHILIPPINES


    Humble repast
    A homeless family eats lunch in Quezon City in this photo taken Tuesday. About half of Filipino families consider themselves poor despite robust economic growth, a survey by the Social Weather Stations showed. -- AFP
    Goodwill cleanup
    US sailors (in blue coveralls) from the visiting aircraft carrier USS George Washington join their Filipino counterparts in cleaning a heavily polluted Manila waterway in this photo taken Monday. -- AFP
    Mercury free
    These digital thermometers are to be donated to a public hospital as the deadline nears for the mercury phase-out in the Philippine health care facilities and institutions as mandated by the Health Department. -- Jonathan L. Cellona
    Grand plans
    A man examines a map unveiled Friday detailing the aggressive expansion plan for Gokongwei’ Go Hotels. The budget hotel chain has opened its doors to franchising to facilitate the opening of 30 new branches. -- Jonathan L. Cellona
    Plastic shelter
    A homeless street child stands in the entrance of his family’s improvised tent, pitched on a flower bed in the middle of a Manila road, in this photo taken Thursday. -- AFP

    PPP projects to be pushed by Aquino during US visit
    INFRASTRUCTURE projects tagged for private sector participation will be offered to American investors when President Benigno C. Aquino III visits the United States later this month, a senior trade official yesterday said.
    Full Story
    Flour costlier but bakers holding off bread price hikes
    RISING WHEAT COSTS in the global market and the reimposition of tariffs on imports of the grain have started to take a toll on local flour prices.
    Full Story

    Google’s buying spree raises questions
    Google’s acquisition of SocialDeck at the end of August made it the 11th social media related company Google has snapped up so far this year -- five of them in August alone.
    TOP PICKS
    RP missing out on ASEAN gains?
    PHILIPPINES' exports to its fellow ASEAN members continue to make up a small share of total outbound shipments.

    BusinessWorld Online - The online version of the Philippines' leading business newspaper features virtually all the stories and statistical data available in the print edition.

    Revenue goal warnings aired
    THE COUNTRY’S main revenue agencies expect to miss their collection targets for the year, a development likely to prod the government into further belt-tightening in the effort to stay within this year’s P325-billion deficit ceiling.
    Full Story
    Inflation creeps up to 4% in August
    INFLATION inched up to 4% last month, bolstering a view that monetary authorities are unlikely to tweak policy rates anytime soon.
    Full Story
    Bold blows versus corruption, cautious steps versus poverty
    BENIGNO Simeon ‘Noynoy’ C. Aquino III became the Philippines’ 15th president on June 30, 2010 or exactly 70 days ago, triggering a contagion of hopefulness among Filipinos. He wooed and won votes with a slogan that was simple, yet catchy: "Kung walang corrupt, walang mahirap." Without corruption, there’d be no poverty.
    Full Story






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    EXTRA
    MOTORING

    OPINION
     WRITE BACK
    Reynaldo Ordinario
    on Aquino inaugural speech

     The President presented a vision of a future where we as nation are not held hostage of corruption. Straightforward message by even mentioning the two most corrupt agency of government, namely: Bureau of Customs and Bureau of Internal Revenue. Will I stand with the President? Yes by all means.
     WRITE BACK
    Alex Ledesma
    on President Noy Aquino

     I don’t want to prejudge the new president based on his track record. But all I knew is that he was elected because of the legacy of his parents. Unless his parents are the Lee Kuan Yew of Singapore or Mahathir Mohammad of Malaysia...I have no doubt to completely believe the capability of the new president.
     WRITE BACK
    Juan Kamalig
    on Immigration official

     Enough is enough [Immigration commissioner]Nonoy Libanan. Accept reality. Step down from your lofty pedestal of insatiable greed. Your temporary tenure as immigration commissioner must end. Wrest your uneasy mind and fidgety fanny. No more gimmicks. No more propaganda. No more tricks. No more surprises. And please, no more coups.
     WRITE BACK
    Joseph I. B. Gonzales
    on election automation

     Having worked in the U.S. software industry for a number of years, I am only too aware of the many undercover tricks you can play on the information technology system at any point in the human-computer interface. The absence of adequate transparency and accountability in the conduct of the electronic leg of the electoral process, to individual voters and to the public at large, bespeaks significant flaws in the process and represents a major threat to our democracy.
     WRITE BACK
    Atty. Manuel J. Laserna Jr.
    on Chief Justice appointment

     My worst nightmare as a member of the Bar, as a former law professor and as a local Bar leader has come! Pres. Gloria Arroyo, a nonlawyer whose brain is programmed to do nothing else but to accumulate and perpetuate power and to insure her family dynasty's political survival, has appointed her former senate chief of staff and Supreme Court Associate Justice Renato Corona as the new Chief Justice of the Philippines in replacement of Chief Justice Reynato Puno.The dreaded Arroyo Court is now finally and fully born and delivered!
     WRITE BACK
    Atty. Mike Yusingco
    on Chief Justice appointment

     Lawyers, particularly litigators, follow the principle, when in doubt -- err on the side of caution. The appointment of SC Chief Justice is seriously questionable because of its obvious impropriety. Thus, it is extremely confounding why Renato Corona would accept it? Is delikadeza really dead?
     WRITE BACK
    Conrado Sanchez, Jr.
    on Double victory at the polls

     It appears that there was over 70% voters' turnout . That accounts for the long lines we had at the polling booths. There was a much higher turnout during the Philippine election than those who showed up for the U.K. elections last Thursday. [And] despite a lot of misgivings and early mistakes, we also celebrate the triumph of poll automation.
     WRITE BACK
    Ann
    on Noynoy's victory

     I did vote for Gibo (Teodoro) and I was disappointed about the ranking. I would rather accept the victory of Noynoy than to let my countrymen suffer again in the hands of Erap (Estrada).
     WRITE BACK
    Stephanie
    on holiday economics

     “There is really not much of a point with this holiday of economics. When the holiday has fallen on a Saturday, why move it to Monday? Yes, it will boost the tourism but it will greatly hurt the BPO industry, which is one of the biggest employing industry in the country. There is no sense in giving longer weekends and make the BPO sector suffer so much. We end up paying holiday pays.”
     WRITE BACK
    Atty. Mike Yusingco
    on political dynasty

     “In this year’s election, there is an alarming increase in the number of “relatives” running for public office. We have brothers and sisters, mothers and sons, fathers and sons, cousins, and so on. If one wants to see political dynasty, just go to the province of Aurora. The burning challenge for the new Congress is to pass the Anti Dynasty law.”



      
     
    CORPORATE BULLETINS

    The week in pictures
    BusinessWorld Digitized

    RESEARCH
    Job openings stabilize
    Online ads for Philippine jobs decreased minimally in July from a year ago, implying stability in the business and economic environment.
    SPECIAL FEATURE
    To shield and substract


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    Stock Market

    Stock Market

    September 8 INDEX
    3,804.73 | 29.31
    Open - 3,764.52
    Close - 3,804.73
    High - 3,804.73
    Low - 3,718.54
    Vol. - 2.112 B
    Val - PhP 6.265 B

    Peso-Dollar Rate

    Peso-Dollar Rate

    September 8 wtd ave
    PhP44.398 | 2.2
    Open - PhP44.550
    Close - PhP44.250
    High - PhP44.245
    Low - PhP44.580
    Vol. - 1363.27 M


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