HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES

Philippine businessmirror business mirror broader look at today's business

TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS BANKING

 

SEARCH ENGINE
WWWOur Site

 

Be a part of the community  of Small and Medium    Enterprises (SME) in the Philippines.

  ... Learn More




Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm


 

BusinessMirror is published Monday to Friday by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 2nd Floor, Dominga Building (Annex), 2113 Chino Roces Avenue corner De La Rosa Street, Makati City, Philippines. Tel. Nos. (Editorial) 817-9467; 813-0725; 817-8407; 812-1691. Fax line: 813-7025. (Advertising Sales) 817-5351; 817-1351, 817-2807 and +639228909088. (Circulation) 893-1662; 814-0134 to 36. E-mail: news@businessmirror. com.ph

Cebu Bureau: Ground Floor, Fortune Life Building, Osmeña Boulevard, Cebu City. Tel. No. (032)236-1636


CRISPIN BELTRAN, a pillar of the militant labor movement who survived persecution during martial rule, the crackdown on Left-leaning activists after Edsa 1 and imprisonment under the current administration, died Tuesday in a most ironic tragedy: He was doing the most mundane of chores, fixing the roof of his Quezon City house, when he fell.

TOP STORIES
Congress targets tax on power

THE frenzy to determine—and curb—the extent to which value-added taxes (VAT) have been imposed on the power sector has seized both houses of Congress.

Four party-list representatives filed a bill seeking to lift the VAT on electricity—Reps. Teodoro Casiño and Satur Ocampo of Bayan Muna and Liza Maza and Luzviminda Ilagan of Gabriela. They included Anakpawis Rep. Crispin Beltran, who died in an accident at his home hours before the bill’s filing, as coauthor of House Bill 4162.

Study group on Meralco formed

PANGLAO, Bohol —Instead of an outright reduction in the cost of electricity, Malacañang announced Tuesday that it has formed a study group to check the facts and other allegations about  alleged excessive collections by the Manila Electric Co. (Meralco) among its customers.

Senate panel endorses income-tax reform bill

THE Senate ways and means committee endorsed for plenary approval on Tuesday its own version of the income-tax reform bill granting automatic exemptions to minimum-wage earners and providing relief to all individual taxpayers by adjusting their personal and additional exemptions to approximate the increase in inflation since 1997.

Government pays foreign creditors P5.87-B ‘net’ in 1st 4 months

THE national government paid back more than it borrowed from foreign creditors in the first four months, the Department of Finance (DOF) said Tuesday.

Finance Secretary Margarito Teves, whose position was finally approved by the powerful Committee on Appointments also yesterday, has authorized payments that covered P45.31 billion worth of foreign debts during the period.

Rise in food prices hurt the poor more

AN economist is already worried poverty in the Philippines will worsen with the rising prices of food and other essential commodities because budgets of the poor are skewed toward food, particularly rice and corn, whose prices have doubled in the world market. The Philippines is a net importer of rice and the biggest buyer in the world.

In a briefing at the University of Asia and the Pacific (UA&P), economist Cid Terosa said a university simulation underlined the abysmal income distribution in the Philippines—so that while everyone is affected by high prices, the lower 30 percent are in a very dreadful position, and eating just once a day may become the norm.

MORE STORIES ...

Convergys bets on RP. Andrea Ayers, Convergys’ Customer Management head, briefs the media on the company’s opening of fi ve new sites as part of its fast-growing operations in the Philippines. The sites will result in employment for up to 7,000 more Filipino workers. The press briefi ng was held in a Makati City hotel.  --NONIE REYES

ANC LIVE


  • Spanish investors concerned about corruption, respect of contracts with foreign firms
  • RP not one of Spain’s 11 priority countries of investment
  • AgriNurture eyes acquisition of local dessicated coconut company
  • P90-M project of DOST to produce electricity from sea current
  • Indon company looking for partner in bioenergy project
  • Napocor to remain financially sound this year, says its spokesman

  • Manila to offer bonds to refinance debt
  • Yield for 7-yr bonds rises to 8.375%
  • Peso falls to P43 on oil-price woes
  • BIR orders divisions to audit ‘big fish’ companies

  • NEDA workers want NBN papers bared
  • Cops kill suspect in Calamba massacre
  • Gonzalez not in favor of reimposing death penalty
  • Typhoon death toll hits 13; damage to agricultural crops hits P170M
  • Malaria stalks Hanjin workers
  • Bus operators denounce LTFRB policies, orders
  • House panel tackles Transco franchise

  • BIR to clarify logistics tax for airlines
  • Q1 earnings of DryShips grows on China demand
  • Mitsui Engineering rises on higher freight rates
  • STX Pan Ocean surges in Singapore after Merrill raises target
  • Baltic Dry index moves to record high

  • AdMix: The new age of advertising
  • Bubuwit Squeaks: Business entertaining?
  • BusinessMirror in the news

  • MORE ROBUST
  • Jaguar has a new cat!
  • Bowtie youth movement
  • Eyes on the Road: Too many substandard refrigerants in the market
  • Full Tank: Liking Lancer more after SCTEx  passes test



  • Waterfront eyeing 3 new markets
  • Liberty frequency reallocation questioned
  • Convergys to expand RP operations
  • Nazareno named CURE president
  • Microsoft steps up CSR efforts
  • The Corporate Corner: Using power correctly

  • Editorial: Knee-jerk response
  • Mirror Image: Service industry needs consumer orientation
  • Dispatches from the Enchanted Kingdom: What’s going on?
  • Sway: A much-deserved break for the middle class
  • Emmanuel M. Hizon: Foreign debt caused crisis
  • Market Files: Security Bank shows way
  • The Way Forward: Sports and national dynamism

  • How to manufacture a global food crisis


  • The Sun shines on Aga
  • The View: Beat goes on
  • Show &Tell: Fish tales
  • Opening Spaces: Tony Twigg’s ‘Standing Sticks’
  • Reaching out through the lens
  • Fil-Am actress Liza Lapira in U.S. no. 1 hit

  • Piston-Celtics collision was course charted even before season’s tip-off
  • Defense watchword for Lakers against defending champions
  • Hot Pals won’t take it easy versus Giants
  • Driven to succeed
  • Willy, RP 4th in Asian wushu
  • Swim body in troubled waters
  • Mercedes-Benz Tour RP leg on today
  • Greenside Chip: How about SkyCaddie?
  • Ask Coach E: Way too pampered?