ICTSI infuses capital into 2 subsidiaries

By Riza Lozada The International Container Terminal Services Inc. (ICTSI) will infuse more capital to two subsidiaries through the conversion of the deposit for future stock subscriptions (DFFS) worth $512,548 for subscription of its subsidiary ICTSI Subic Inc. (ISI) and DFFS totaling to $1,537,644 to be converted to advances to ISI, reported to the Philippines Stock Exchange (PSE) the 

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The end of export subsidies

First of two parts From the perspective of global powers that insist on imposing on economies like ours the globalization paradigm as defined through the various World Trade Organization (WTO) agreements, the Asia Pacific Economic Cooperation (Apec) summits, and even by the latest Western-initiated Trans-Pacific Partnership (TPP) Agreement, the objective of trade growth has consistently been central. In their detail, …

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Helping the poor in Pangasinan

IT entrepreneur Dr. Cezar T. Quiambao has emerged in the forefront of equipping the poorest of the poor in Bayambang, Pangasinan, with tools to better their lot and with their self-worth intact, their imagination fired up and their lives turning for the better. 

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Roxas boosting Duterte bid

What presidential aspirant Mar Roxas is doing now remindsone of a challenger in a boxing match trying too hard to unseat a reigning champion.

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Japan OKs record defense budget amid China concern

Tokyo—Japan’s Cabinet approved a record-high military spending plan, endorsing plans to purchase pricey US surveillance drones and F-35 fighter jets as Tokyo steps up cooperation with Washington amid China’s increasingly assertive activity in regional seas. 

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Christmas storm woes continue in southern US

Birmingham, Alabama —Severe weather has plagued the southern US during Christmas week, and the misery continued as a tornado touched down in north-central Alabama on Christmas Day. 

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Reforms seen ensuring growth

Economic managers said the foundation have is in place to ensure continued long-term improvement in fiscal health. 

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Metrobank to exercise option on $125M float

By Riza Lozada The Metropolitan Bank and Trust Co. (Metrobank), which is the country’s biggest lender, will exercise its option to redeem the entire capital security it floated in the international market worth $125 million on February 15 next year which is the First Optional Redemption Date.

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Neda approves three infrastructure projects

Three infrastructure projects on transportation, agribusiness financing, improvement of prison facilities and marine environment monitoring were approved by the National Economic and Development Authority (Neda) Board, headed by President Aquino, before Christmas. 

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Former employees of Manila Toll Expressway get P11-M back pay

By Daryl Rose Virtudazo  Twenty former employees of the Manila Toll Expressway had a Merry Christmas after they were awarded P550,000 each or a total of P11-M as settlement of their awards for separation pay, attorney’s fees and full back wages. 

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