The Daily Roundup: 14 April 2011

‘China overrated; PH underrated’

The European Chamber of Commerce of the Philippines (ECCP) sees room for attracting more foreign direct investments (FDIs) by addressing corruption and poor perception of the country.

“Biggest joke of century”

Senior Associate Justice Conchita Carpio-Morales of the Supreme Court believes that businessman Eduardo “Danding” Cojuangco Jr. and the late President Ferdinand Marcos had ties so close that to claim otherwise would be a joke.

Aquino mum on high court ruling on coco levy funds

Saying that he has yet to read the Supreme Court (SC) decision, President Benigno Simeon Aquino III on Wednesday refused to comment on the SC ruling that businessman Eduardo “Danding” Cojuangco’s 20-percent stake in San Miguel Corp. (SMC) does not form part of the so-called coco levy funds.

T00 little too late?

THE first batch of cases related to the P728-million fertilizer fund scam has finally reached the Sandiganbayan.

Pay hike after Labor Day

Workers in Metro Manila may receive a much-awaited increase in their take-home pay, but this can happen only after Labor Day.

Government’s January ‘take’ on oil VAT: 500M

The high fuel prices and the threat of further rises have stirred several sectors into moving to help mitigate the negative impact of the high prices that has already resulted in increased fares, costlier vegetables, and roiled the ranks of organized workers.

Japan quake idles Ford, Toyota units in Philippines

The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) sees a temporary setback for the industry in the Philippinees as car brands in Japan move to pick up the pieces as a result of the massive earthquake and tsunami in March.

Why Tingting resigned

Despite declarations that she quit and was not fired, former Tarlac Gov. Margarita ‘Tingting” Cojuangco’s resignation as president of the Philippine Public Safety College (PPSC) has been persistently linked to her outspoken objection to President Aquino’s bid to postpone the scheduled August, 2011, elections in the Autonomous Region in Muslim Mindanao.

Trading of SMC shares halted due to speculation

San Miguel Corp. (SMC) imposed a trading halt on its shares a week early on Wednesday ahead of an $850-million (P36.7-billion) share and convertible bond sale later this month and amid news that the Supreme Court reaffirmed SMC chairman Eduardo Cojuangco Jr.’s ownership over a 20-percent stake in the conglomerate.

No rice crisis, no NICA report, says Palace

President Aquino belied yesterday reports of a looming rice crisis and insisted that concerned government agencies claimed that the unrest in North Africa, the Middle East and the disaster in Japan could only affect the prices of food.

Government on track with PPP program

The Aquino administration is on track with its much-touted public-private partnership program for infrastructure, according to the newly-created PPP center.

IMF sounds alarm on capital flows

THE INTERNATIONAL Monetary Fund (IMF) again warned emerging economies, including the Philippines, of the impact of hot money on asset prices, inflation and corporate debt levels.

Slow state of public spending

The Department of Budget and Management has already released P800 billion or almost 50% of the P1.645-billion national government budget during the first quarter of the year, according to Budget Secretary Butch Abad. The number is mind-boggling for anybody. But the ordinary man on the street is asking: if true, where has all that P800 billion gone?

Government to study impact of PLDT, Digitel merger

President Aquino yesterday expressed concern over the possible impact of the merger of Philippine Long Distance Telephone (PLDT) and Digital Telecommunications Philippines Inc. (Digitel) on consumers.

WB approves $10-M loan for Laguna de Bay rehabilitation

The World Bank has approved a $10-million loan for the Philippines to help finance a project intended to improve the environmental quality of Laguna de Bay and its watershed.

Binay bides time on FM burial issue

VICE President Jejomar Binay said yesterday there is no hurry to come up with a recommendation on the burial of former president Ferdinand Marcos at the Libingan ng mga Bayani.

Example of how justice system works

I read in this newspaper two days ago a report entitled “Court clears wife of Vice-President Binay,” to the effect that the Sandiganbayan (SB) dismissed charges filed by the Office of the Ombudsman against former Makati Mayor Elenita S. Binay “arising out of expenditures in 2000 and 2001 in connection with Makati’s new (at the time) City Hall.

P2.4B worth of projects get BoI nod

The Board of Investments has granted various fiscal and non-fiscal perks to four projects—three in housing and one in dessicated coconut production—worth more than P2.4 billion.

Con Yap

  • GabbyD

    what happened 2 the recent comments section?