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PRESIDENT
Arroyo rides a Flexible Fuel Vehicle at the inauguration
of the Ford Motor Company’s FFV engine plant in Santa
Rosa,Laguna. |
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RP
debt ratios still too high |
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THE
country’s public-sector debt ratios remain relatively high
compared to countries of similar stature as Manila, in spite
of having been pared down from historic peaks. |
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Ford
launches P1.1-B flexifuel engine plant |
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FORD Group
Philippines launched Thursday its new P1.1-billion flexible
fuel engine plant, which it expects to rake in at least $136
million for the company over the next five years. |
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Exports rise 8.1% in first 4 mos. to $16.3B |
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 ELECTRONICS
led the rise of 8.1 percent in exports for the first four
months to $16.3 billion from $15.1 billion last year. |
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Apostol: Abolish nonperforming state firms |
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CHIEF
Presidential Counsel Sergio Apostol said on Thursday that
nonperforming government-owned and -controlled corporations
(GOCCs) should be abolished to keep them from further
bleeding government coffers. |
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Asean infra boom boosts Autodesk business |
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A BOOM in
infrastructure projects across
Southeast Asia has been propelling the business of Autodesk, the
world’s largest source of computer software for engineers
and architects. |
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TMAP
comes to defense of BIR chief |
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THE Tax
Management Association of the Philippines (TMAP), an
organization of the country’s leading tax practitioners, has
come to the defense of Internal Revenue Commissioner Jose
Mario Buñag, who this week narrowly missed losing his post
in what is now being described in some quarters as a power
struggle to install certain interests by focusing on
“shortfalls” in his agency’s collection. |
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Senate focus: financial institutions |
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SENATE
President Manuel Villar said the incoming Fourteenth
Congress opening in July will craft measures ensuring
stability of key institutions comprising the capital markets
sector to further improve investor confidence in other
financial intermediaries. |
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Creative regulation, not more laws |
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THE
government only needs a creative regulatory thinking to ease
constraints hampering the local bond market’s ability to
grow in volume and in depth akin to other markets in the
Asian region, economist Victor A. Abola said on Thursday. |
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Isla
Lipana bucks the tide, fights accountants’ poaching |
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CITING an
exodus overseas of seasoned Filipino accountants, decimating
the ranks of the local professional market, accounting firm
Isla Lipana & Co. formed a unit to attract the best and
brightest to stay in the country. |
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MORE STORIES ... |
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OSCAR LOPEZ, chairman of
Benpres Holdings Corp., addresses the annual stockholders’
meeting of Benpres on Thursday. The holding company of the
Lopez group of companies for power, communications and
infrastructure, will refinance debt and sell assets to
settle its outstanding $400-million obligation to creditor
banks.
Story
on Companies Section.
--NONOY LACZA |
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