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By Othel V. Campos
The National Food Authority will import at least 250,000 metric tons of corn in the first half of 2009 to cover a production shortfall of 340,000 MT due to damage from heavy rains, an official of the Agriculture Department said yesterday.
Hong Kong fund manager raises Filinvest Land stake
By Jenniffer B. Austria
Foreign fund manager Invesco Hong Kong Ltd. has increased its stake in property developer Filinvest Land Inc. after acquiring more shares in the local stock market.
Foreign direct investments decline 40%
By Eileen A. Mencias
Net foreign direct investments hit $1.65 billion in the first 11 months of 2008, down 40 percent year-on-year, due to the global downturn, the Bangko Sentral said in a statement.
PSALM to negotiate sale of Calaca plant
By Alena Mae S. Flores
Power Sector Assets and Liabilities Management Corp. will proceed with a negotiated bid to sell the 600-megawatt Calaca coal power plant after forfeiting the $15-million performance bond of Emerald Energy Corp., the corporate vehicle of Suez Energy of France, a PSALM official said yesterday.
Ernst & Young, you have a problem
By Victor C. Agustin
OUSTED SGV managing partner David Balangue has unwittingly provided a smoking-gun evidence belying Ernst & Young’s claim that it had not been interfering and managing the partnership affairs of the country’s largest auditing firm, possibly in violation of local laws.
That terrible rapier of oppression
By Gerry Geronimo
For lawyers, TRO means temporary restraining order; for normal people, it translates to terrible rapier of oppression. This is a quick and pointed thrust that initially draws blood and, if not effectively neutralized by the victim, eventually matures into a constricting weapon of immobilization leading to a win by submission.
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