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COCKTALES | Inigo Zobel is largest San Miguel shareholder, more than twice bigger than Ramon Ang
By: Victor C. Agustin January 13, 2014 12:07 AM Ayala heir Inigo Zobel has emerged as the largest individual shareholder of the San Miguel Corp. after the country's biggest industrial conglomerate declared a property dividend and gave up its 49-percent cross-ownership stake in San Miguel's controlling shareholder, Top Frontier Investment Holdings Inc. Because
Petilla: Meralco TRO won't lead to brownouts
MANILA, Philippines – Despite a warning from the Manila Electric Company (Meralco) that the temporary restraining order (TRO) on its rate hike would constrain its ability to supply power, Energy Secretary Jericho Petilla has given assurances that rotational blackouts were an unlikely scenario. Why is this so? Petilla said he believes that power generators
Calamansi liqueur, anyone?
Manille Liqueur de Calamansi, a limoncello-like digestif (after-meal alcoholic drink) made from calamansi rinds, was recently unveiled by Destileria Limtuaco & Company Inc. The unique drink will be among the Filipino products on display at the Berlin International Green Week in Germany this month. Destileria Limtuaco president Olivia Limpe-Aw noted that mainstream
Govt asked: Help 120 laid-off BPO workers in Cebu
By: InterAksyon.com January 12, 2014 10:34 AM MANILA - A call-center workers association called on the Department of Labor and Employment (DOLE) to assist some 120 business-process outsourcing (BPO) workers who have been laid off after the abrupt and alleged illegal closure of their company. The news release was emailed by the Partido ng Manggagawa to news agencies
Is there collusion?
Energy Regulatory Commission (ERC) and power producers and suppliers that led to the P4.15- per-kilowatt-hour (kWh) power-rate increase by the Manila Electric Co. (Meralco). The High Tribunal has asked the petitioners seeking to nullify the rate increase to amend their petitions to include the Philippine Electricity Market Corp., operator of the electricity
Phl committed to further improving investment environment
MANILA, Philippines (Xinhua) - The government vowed today to further level the playing field in the country to attract more foreign direct investments (FDI) as the central bank reported an increased FDI last year. Deputy Presidential Spokesperson Abigail Valte said despite the increased figure showed that some areas of the Philippine business climate
Why are people dropping out of the workforce?
Why has the participation rate been dropping in recent years? There are a couple big things going on here. Older Americans are retiring, younger Americans are going back to school, and many workers have been discouraged by the weak U.S. economy. But economists are still debating how big a role each of these factors played. 1) The aging of America. One major
Fitch sees PH economic slowdown due to US Fed taper
By: Maricel E. Burgonio, InterAksyon.com January 10, 2014 6:29 PM MANILA - Fitch Ratings Inc said Philippine economic growth would taper this year below China's expansion after the US Federal Reserve began scaling back its stimulus. In a report, the credit rating firm said the Philippines' gross domestic product (GDP) would grow 5.5 percent in 2014, down from the seven
Transport operators press SC to inspect Parañaque terminal
MANILA, Philippines—Transport operators on Friday reiterated their call to the Supreme Court to inspect the Southwest Interim Transport Terminal (SITT) in Parañaque City to see for themselves its dismal condition that could put commuters at risk. In a 5-page motion, operators Angeles Bayot, Miriam Villena, Nila Santos, Angela Legaspi, Orlando Ocampo
PH stock market slips below 5,900-mark on foreign selling
By: Krista Angela M. Montealegre, InterAksyon.com January 10, 2014 4:15 PM MANILA - Philippine share prices fell sharply on Friday to drag the benchmark index below the 5,900 level as investors await the release of new US jobs data. At the Philippine Stock Exchange, the benchmark index dropped 94.63 points, or 1.59 percent, to close at 5,842.88. The PSE index