Bigger budget gap likely

By Lawrence Agcaoili
The budget deficit could balloon to as much as P160 billion this year as the government is set to spend more for infrastructure and social services to cushion the impact of the global economic slowdown.

BPI cautious on ’09 after lower profits last year

By Eileen A. Mencias
Bank of the Philippine Islands, the largest bank in the Philippines by market value, yesterday said it views 2009 with caution after reporting a 36 percent drop in its unaudited net income in 2008 to P6.4 billion from P10 billion a year ago.

Thailand eyes ethanol hub status

By Alena Mae S. Flores
Bangkok—Thailand is aiming to be the ethanol hub in the Asia-Pacific region, officials of PTT Public Co. Ltd. of Thailand told reporters here.

BDO Unibank to beef up capital by P13b

Banco de Oro Unibank Inc., the country’s largest bank, plans to raise as much as P13 billion in additional capital this year through the issuance of tier 2 capital and a rights offering, the bank said in a disclosure to the stock exchange.

It’s business as usual, says 3D appliance distributor

Northern Islands Co. Inc., the sole 3D appliance distributor in the Philippines, legally exists and goes about its business as usual, company lawyers said yesterday.

Mac virus alert

By Chin Wong
THE headlines seemed designed to alarm Mac users.
“Virus found in pirated copies of iWork ’09" and “Mac pirates catch cold,” news sites blared last week. These were followed quickly by “Second Mac trojan attacks pirated Photoshop CS4.” From these, it was just a hop, skip and jump away to “Mac malware tide on the rise.”

 

Tuesday, February 3, 2009
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