Fri04182014

Last update09:25:32 PM

NG debt monthly pace dips, but annual rate up 5% in February

NG debt monthly pace dips, but annual rate up 5% in February

THE outstanding debt of the national government dipped to P5.59 trillion as of end-February, representing a decline of 0.04 percent, or P2 billion, from the level registered the previous month.

Too many banks lending to too few borrowers a growing problem–S&P

Too many banks lending to too few borrowers a growing problem–S&P

THE Philippines could profit from fewer banks and begin lending to as many productive sectors as it could, instead of the industry literally putting its eggs in one basket and exposing the entire system to risk as consequence of concentrated lending, the global credit watcher Standard & Poor’s (S&P) said.

Filipino devotees reenact crucifixion of Christ

Filipino devotees reenact crucifixion of Christ

SAN PEDRO CUTUD, Pampanga—Devotees in northern Philippines villages had themselves nailed to wooden crosses to reenact the crucifixion of Jesus Christ, as thousands of local and foreign spectators watched the bloody annual rites to mark Good Friday in Asia’s largest Roman Catholic nation.

Rescuers hold ‘slim’ hope of more survivors in South Korea ferry

Rescuers hold ‘slim’ hope of more survivors in South Korea ferry

RESCUERS say there’s still a “slim” chance of finding survivors from a ferry that sank off the coast of South Korea two days ago, potentially the nation’s worst maritime disaster since 1970.

News

Fitch cites ‘key weakness’ in PHL investment rating

FITCH Ratings, in its April 2014 Asia-Pacific Sovereign Credit Overview, has cited structural issues as the only weakness of the Philippines relative to the 17 other countries it rated.

ERC approves Meralco’s ILP proposal to augment tight summer power supply

THE Energy Regulatory Commission (ERC) has approved a request of the Manila Electric Co. (Meralco) to implement the interruptible load program (ILP) within its franchise area during the summer months.

Returning Pinoy free of MERS

THE Department of Health (DOH) said on Friday the Filipino worker who was placed under quarantine upon his return to the country for previously testing positive for the Middle East Respiratory Syndrome-Coronavirus (MERS-CoV) in the United Arab Emirates is now negative for the virus.

ECCP eyes weaving project in Bohol for top furniture, fashion houses

THE European Chamber of Commerce of the Philippines (ECCP) is undertaking a project in Bohol to making indigenous fibers an export commodity whose buyers include upscale European furniture companies and big-name fashion houses, a move that may generate millions of pesos in revenues for the local weaving industry.

The business of Holy Week

The business of Holy Week

WHILE sometimes the Philippines is accused of having too many holidays costing production and national income, it is interesting that the two major holiday periods sort of match with the business cycle.

Rescuers hold ‘slim’ hope of more survivors in South Korea ferry

Rescuers hold ‘slim’ hope of more survivors in South Korea ferry

RESCUERS say there’s still a “slim” chance of finding survivors from a ferry that sank off the coast of South Korea two days ago, potentially the nation’s worst maritime disaster since 1970.

Business

Razon unfazed with opening of rival casino City of Dreams

BILLIONAIRE Enrique K. Razon said he welcomes the opening of another billion-dollar casino within the complex before end of the year.

Government warns speculators over price hike

THE Sugar Regulatory Authority (SRA) warns speculators of repercussions should they be proven responsible for the unexpected climb in the prices of sugar, the agency said on Monday.

NG debt monthly pace dips, but annual rate up 5% in February

NG debt monthly pace dips, but annual rate up 5% in February

THE outstanding debt of the national government dipped to P5.59 trillion as of end-February, representing a decline of 0.04 percent, or P2 billion, from the level registered the previous month.

Asto brings designers to the world stage

Asto brings designers to the world stage

Twenty-two-year-old Kate Dorothy Ngo, chief executive officer of the Asto group, has a herculean load on her shoulders—she has been tasked to promote Filipino and Asian designers in the global market. Nevertheless, she maintains confidence and a cool disposition in handling the challenges.

Data breaches: a new way to game Google?

Data breaches: a new way to game Google?

IT’S a familiar routine: A company gets hacked, is subjected to a cascade of negative coverage online and spends months trying to repair its image.

Singapore seen to favor modest currency gains to curb inflation

THE Monetary Authority of Singapore (MAS) will probably keep favoring modest currency gains as it seeks to curb inflation while supporting economic growth.

Sports

Julaton returns

Julaton returns

FORMER world boxing champion Ana “The Hurricane” Julaton is all geared up for her mixed martial arts (MMA) debut on May 2 against Aya Saeid Saber in the undercard of the ONE Fighting Championship (ONE FC) “Rise Of Heroes” at the Mall of Asia Arena in Pasay City.

Lifestyle

Social media redefine quest for mental gratification

Social media redefine quest for mental gratification

IT’S hard to know whether to thank or curse Wayne Chang. When he was 24, the Facebook engineer went home one night to his downtown Palo Alto, California, apartment, fired up his computer, pursed his lips together and recorded the popping sound he made.

Tourism helps Eastern Visayas bounce back

Tourism helps Eastern Visayas bounce back

MENTION the phrase “I shall return,” and US Gen. Douglas MacArthur and his momentous, game-changing landing in Palo town, Leyte province, in 1944 easily comes to mind. This landing signaled the start of the country’s liberation from Japan during World War II.

Nobody, it seems, wants to ‘Let It Go’

Nobody, it seems, wants to ‘Let It Go’

AARYN COSTELLO is searching for the perfect dress, a 30-inch-long light-blue number with a sparkly bodice and a detachable white cape.

PHL has a fast-growing aging population, now at 7.5 million

THE Philippines is now classified under World Health Organization (WHO) standards as an aging population, with 7.5 million elderly citizens now and an estimated 14 million elderly by 2040.

2013 Kadayawan Festival: Celebrating Davao’s cultural heritage

2013 Kadayawan Festival: Celebrating Davao’s cultural heritage

DAVAO City has always been one of my favorite destinations ever since I started going there in the late 1980s.

Features

A champion of women’s rights

A champion of women’s rights

AMBASSADOR Rosario Manalo, senior diplomat and educator, has won fierce debates to place women’s rights on the global agenda at the height of the cold war era.

Surviving a PR crisis: Some useful tips Part 1

The recent sudden and mysterious disappearance in mid-flight of a Malaysian Airlines plane bound for Beijing from Kuala Lumpur, and the serious PR crisis it created for the company, underscores the fact no company, not even those among the biggest and the best-managed, can be fully certain it would not have to deal with some form and degree of PR crisis in its existence.

China, US, India are top three polluters, UN panel report says

China, US, India are top three polluters, UN panel report says

BERLIN—The UN’s expert panel on climate change is preparing a new report this weekend outlining the cuts in greenhouse gases, mainly carbon dioxide (CO2) from the burning of fossil fuels, required in coming decades to keep global warming in check.

Environmental architects

Environmental architects

IN this age when strong typhoons such as Ondoy and Yolanda are the new normal, the country will have to produce more emergency architects who will also be involved in providing quality infrastructure design against earthquakes, tsunamis among others.

How African Firms Can Make the Most of Outside Investment

TRADE between Africa and China surpassed $200 billion this year, strengthening China’s position as Africa’s biggest trade partner—a position it has held since 2009. Less than 15 years ago, the corresponding value was a modest $10 billion. Africa holds a growing pulling power for foreign investors. Beyond trade relationships, investors increasingly look at African consumers and see immense opportunities to invest locally. For African companies, this presents a special chance to climb the food chain of global competitiveness.

Group to give special children one great summer-camp treat

ABOUT 150 special children will convene for merry-making, and basic self-care and independence training during the 10-day annual summer camp of Guided and Unified Interaction for the Development of Children Inc. (Guide Inc.) from April 25 to May 4 in Orion, Bataan.

Indigenous leaders are targets in battle to protect forests

Indigenous leaders are targets in battle to protect forests

WASHINGTON—Indigenous leaders are warning of increased violence in the fight to save their dwindling forests and ecosystems from extractive companies.

Professor proposes slowing down automated trading

Professor proposes slowing down automated trading

IN an era of high-speed, automated trading, a big debate rages over how to keep markets safe after several technology-related snafus scarred investors. Instead of cracking down on high-speed traders, a University of Chicago economist says he has a better idea: Change the rules of the game.

It’s ‘Semana Santa’!

It’s ‘Semana Santa’!

AND definitely it’s that time of the year when families and barkada go on exodus to visit relatives and friends, drop by some holy place, or just swing by the beach to scratch off that summer heat.

As planet warms, clean-energy investments take a dive

As planet warms, clean-energy investments take a dive

UNITED NATIONS—Policy uncertainty and plummeting solar prices led to a 14-percent decrease in investment in renewable energy in 2013, according to a report released last week.

Jesus enters Jerusalem

Jesus enters Jerusalem

AS Jesus nears Bethpage at Mount Olives on his journey to Jerusalem, he sent two of his disciples to the village ahead of him to get a tied ass and her colt, untie them and bring them to him. And if anyone says a word, he told them to reply: “The master needs them; and then, he will let them go at once.” (Matthew 21:3)

Climate change threatens human health

Climate change threatens human health

AS global temperature continues to rise due to climate change so are diseases. “Climate change endangers human health,” declares Dr. Margaret Chan, the director general of the Geneva-based World Health Organization (WHO).

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