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    A rat since last year
     

    Did you know 1: He’s now being called a rat in some circles of Philippine Communications Satellite Corp. It turns out this senior executive works for one group but has been telling everything that’s discussed to the other group out of, well, vested interest.

                    No, he hasn’t been fired. Then again, the talk is he’s now being fed inaccurate information to give to the other side.

                    At stake are valuable assets (read: Satellite frequencies and properties) of  Philcomsat and its mother company despite years of sequestration.   

    Did you know 2: Manila North Tollways Corp. president Jose de Jesus has always liked flat organizations and this is very evident in its new headquarters near the Balintawak  entrance to the North Luzon Expressway.

                    There aren’t people loitering in the hallways. Everybody, and that includes Ping de Jesus,  has a self-imposed list of things to do every month which he/she must report on to his/her immediate supervisor at the end of the month.  

    Did you know 3: Former Philippine National Bank president Panfilo Domingo has not only made the University of the East profitable but also student- friendly.

                    His latest project, with the approval, of course, of his majority owner, Lucio Tan, is a park where students can hang out—be this to study, flirt, or just enjoy the greenery. 

    Did you know 4: Filipinos have regained their status as the biggest group of foreign workers in Cyprus.

                    Interestingly, the Philippine Overseas Labor Office there now insists that potential employers (read: Really old people in need of caregivers) make a personal visit to the consulate to certify that they are indeed hiring a Filipino. 

    WITH the start of the Chinese New Year, here are three money- management tips from “The Citi Commonsense Money Guide for Real People” that could give you better cash flow in this Year of the Rat:

                    • “ Start by embracing the principle of paying yourself first. No matter how little or how much you earn, you should automatically put a set amount in your savings account. This way, you can work to build up your savings.

    • “Find a way to save monthly. Track your expenses carefully for a month and then sit down to evaluate them. An obvious first place to look to cut would be services or products that you don’t use or can stretch between uses like visits to the barber or beauty salon… or recreational shopping.

    •               “Establish an emergency fund, and give it special status. You should aim to accumulate three to six months’ of living expenses. Keep these funds liquid but not too readily available and use them only to pay for serious, unexpected situations.” 

    OTHER STORIES
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    THE Philippines’ largest mall builder and operator said earnings last year rose on increased rental revenues brought about by three new shopping centers it opened and expanded in 2007. Ticket sales at its cinemas, especially those located at its new malls, also helped boost profit.

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    Seacem surges 41.43%; EEI back to profitability

    SOUTHEAST Asia Cement Corp. (Seacem) closed the week at P0.99 on value turnover of P46,237,700, its highest since January 2, 2008, that landed it at the top of the list of the market’s biggest gainers in the week ending February 8, 2008.

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    Globe attempts to increase subscribers by one-third

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    TWO global financial service companies are competing to design a plan which will resolve the brokers’ ownership issue in the Philippine Stock Exchange (PSE).

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    Exporter plans public offering

    FRUITS and coconut-based products exporter AgriNurture Inc. (ANI) is eyeing to raise P800 million to P1 billion from a planned share sale before the end of March.

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    Not Business as Usual: A rat since last year

    Did you know 1: He’s now being called a rat in some circles of Philippine Communications Satellite Corp. It turns out this senior executive works for one group but has been telling everything that’s discussed to the other group out of, well, vested interest.

    read more