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Rene J. Buenaventura,
President and CEO of Equitable PCI, addresses the bank’s
stockholders at their Tuesday meeting in Makati City, which
became a long-drawn legal tussle after the Romualdez bloc
failed to get a Supreme Court TRO stopping a Sandiganbayan
ruling adverse to them. Nonie Reyes |
| HEADLINES |
GMA’s
2010 goal: 0 strikes
PRESIDENT Arroyo is aiming for a zero incidence of labor strikes
by the end of her term in 2010, a feat she hopes to achieve
by forging labor-dispute agreements between the Department
of Labor and Employment (DOLE) and business groups and local
governments. |
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Standoff
in fight for control of Equitable
THE Supreme Court on Tuesday did not grant a petition by the
Romualdez family seeking to stop the board of directors of
the Equitable PCI Bank from implementing a Sandiganbayan decision
disqualifying them from voting the 7.13-percent sequestered
shares of Trans Middle East (Phils.) Equities (TMEE) in the
bank. |
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Losses
from piracy up 9% despite drive
DESPITE the government’s initiatives in raiding end-users
and distributors of counterfeit software and public education
efforts, the country’s software piracy remained high
and losses to the industry increased. |
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Anxiety level over UITFs keeps
rising
EMBATTLED Internal Revenue Commissioner Jose Buñag
found an ally Tuesday in two senior members of the House of
Representatives, including the chairman of the House Committee
on Ways and Means, who defended him against calls for his
resignation in light of what has been perceived as his agency’s
anemic tax collections. |
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MORE STORIES
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ECONOMY
Environment groups
favor selective mining
ENVIRONMENTAL groups on Tuesday renewed the call to repeal
Republic Act 1942, otherwise known as the Philippine Mining
Act of 1995, and pushed for the implementation of selective
mining instead of large-scale mining activities.
Mindanao export
revenues double
ZAMBOANGA CITY—Mindanao export revenues doubled last
year to $1.7 billion, from $810 million in 2004, with almost
half of it contributed by the coconut and rubber industries.
Meralco to service
San Pablo and Tiaong THE largest power distributor,
Manila Electric Co. (Meralco), has been granted a certificate
of public convenience and necessity (CPCN) to provide electric
service in San Pablo, Laguna, and in Tiaong, Quezon.
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| OPINION |
EDITORIALS
Battles beyond
the boardroom
THE untimely death of Dr. Lee Jong Wook, head of the World
Health Organization (WHO), by no means deserves more than
the usual obituary. Going by the record of this public health
expert par excellence, his death is a loss not only to his
family, colleagues and friends who knew him well: it is
as much a loss to humanity, as it stands on the threshold
of major battles against killer diseases, including the
pandemics threatened by bird flu and HIV-AIDS.
‘Angels
and Demons’
PEOPLE who liked the The Da Vinci Code will enjoy Angels
and Demons by the same author. Those who can’t get
a copy can settle for the version serialized in a local
newspaper.
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PESO
DOLLAR
RATES |
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PSE
COMPOSITE
INDEX |
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BSP
EXCHANGE
RATES |
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WEATHER |
| THE
Visayas and Mindanao will experience mostly cloudy skies with scattered
rainshowers and thunderstorms. The rest of the country will have
partly cloudy to at times cloudy skies with isolated rainshowers
or thunderstorms.
Light to moderate winds blowing from the east and southeast will
prevail over Luzon and coming from the east and northeast over the
rest of the country. The coastal waters throughout the archipelago
will be slight to moderate.
SOURCE: PAGASA |
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