By Jerry Maglunog Many are ecstatic about the 8,000-plus Philippine Stock Exchange index (PSEi), as they believe it is one of the indications that the Philippine economy is really growing.
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April, 2015
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27 April
8990 taps Walter Mart for integrated mall plans
Mass-housing developer 8990 Holdings Inc. has signed up the Walter Mart Group to operate malls in two of its mixed-used development projects in Metro Manila, 8990 Holdings Chief Executive Officer Januario Jesus Atencio said.
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27 April
Cebuana Lhuillier opens 1st branch in Middle East
By Riza Lozada Cebuana Lhuillier has opened its first office in the Middle East, located at the Dubai Multi Commodities Centre (DMCC), to provide remittances service to the Philippines as well as a liaison office for its partners in the region.
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27 April
Banks seek options as BSP closes SDA
By Jerry Maglunog With the closure of the Bangko Sentral ng Pilipinas’ (BSP) special deposit account (SDA), banks are now scrambling to have alternatives where to put their money.
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27 April
Bayless tapped as 3rd man in mega bout
Kenny Bayless, who handled seven bouts of Filipino ring icon Manny Pacquiao, has been picked as third man on the ring for much-awaited fight between Pacquiao and undefeated Floyd Mayweather Jr. on May 2 (May 3 in Manila).
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27 April
Cannes to premiere Aunor’s latest film
By Alvin I. Dacanay Taklub (Trap), the latest film of celebrated actress Nora Aunor that is helmed by her equally acclaimed Thy Womb director Brillante Ma. Mendoza, will have its world premiere at the 68th Cannes International Film Festival next month, it was announced late last week.
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27 April
Prize-winning novels show breadth, depth of Philippine letters
By Alvin I. Dacanay On April 30, many aspiring and established creative writers will rush to submit their entries to the most prestigious and longest-running literary competition in the country today: the Carlos Palanca Memorial Awards for Literature, which will celebrate its 65th year. That day is doubly significant for writers, for it also marks the end of the country’s …
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20 April
Too much taxes, too little service
The Aquino administration is shortchanging Filipinos in terms of services rendered as compared to taxes collected, according to a study conducted by Prof. Benjamin Diokno of the University of the Philippines School of Economics (UPSE).
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20 April
JFC seeks serious government review of investment rules
By Riza Lozada Foreign trade groups are seeking a serious government review of the Omnibus Investment Code, particularly on ways to relax foreign-ownership rules outside of the Constitution; and the policy to limit tax incentives granted to new projects.
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20 April
Coal-plant damage to worsen energy crisis
By Lito U. Gagni and Riza Lozada The country’s energy scenario has dimmed further as a result of the April 5 blackout in Mindanao that resulted in a collateral damage to AboitizPower’s 150-megawatt (MW) Unit 2 coal plant that would mean a 10-month delay in its commissioning.
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The Market Monitor Minding the Nation's Business