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Peso up as inflation slows down
THE peso surged above 47 to the dollar yesterday as the government announced inflation in December slowed to 8.0 percent, the lowest in nine months, following the continuing fall in commodity prices resulting from slowing global demand.
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Flush with cash. Alabang Boys counsel Felisberto Verano Jr., left, celebrates the 2007 opening of his law firm with one of the suspects? uncle, Philcomsat fund manager Philip Brodett, right, and former National Treasurer Omar Cruz, second from right. |
Alabang Boys lawyer admits drafting the release order
By Rey E. Requejo and Roy Pelovello
THE lawyer of three affluent Alabang residents, arrested in an anti- drug operation, yesterday said he drafted an order for their release that was sent to Justice Secretary Raul Gonzalez for signing.
Cebu Pacific cuts fuel surcharge
Pangandaman sounds off on out-of-court settlement
Madrigal loses yet another appeal on Do?a Chito?s will
Malaysia stays as mediator
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Govt readies $1.5-b bonds
The Philippines plans to issue $1.5 billion in global bonds this year to finance increased government spending and a widening budget deficit, according to Treasurer Roberto Tan.
Meralco asks PSE again to lift trading suspension
By Alena Mae S. Flores
Manila Electric Co. has reiterated its appeal to the Philippine Stock Exchange to lift the suspension of trading on its 1.1 billion shares, saying the move has caused ?grave, irreparable damage and losses? to the company.
Malampaya gas partners remit P13b to Treasury
By Lawrence Agcaoili
The government has received P13 billion in royalty payments from the owners of the $4.5-billion Malampaya natural gas project, led by Shell Philippines Exploration BV and ChevronTexaco.
DMCI wins Raffles-Fairmont hotel deal
By Jenniffer B. Austria
DMCI Holdings Inc. of the Consunji family said yesterday that its unit bagged a P4.9-billion contract to build the plush Raffles Suites and Residences and Fairmont Hotel in Makati.
Favila set to review projects eligible for $2-b China funding
By Elaine Ramos Alanguilan
Trade Secretary Peter Favila will review the list of projects to be funded by a $2-billion facility from the Chinese government.
Aboitizes elect a new captain
 THE Aboitiz clan, Cebu?s counterpart to Manila?s Zobel de Ayala, announced yesterday a leadership and generational change within the family empire, following the mandatory retirement of Jon Ramon Aboitiz as president and chief executive of the Aboitiz Equity Ventures.
New Year reveille
By Gerry Geronimo
As IT is in beginning a prayer, so it is in welcoming the New Year: giving thanks is at least good form, if not a surefire method of storing up of a merit or two in heaven. Hence, this start-of-the-year expression of my appreciation of those who have bothered to read me as well as of those who were bothered enough by what they had read to candidly and frontally made known their dissent.
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Hapee derails Magnolia?s semis bid
FIL-AM Josh Vanlandingham buried a triple with 3.2 seconds remaining as Hapee Toothpaste derailed Magnolia Purewater?s outright semis bid with a 76-73 win yesterday in the 2009 Philippine Basketball League PG Flex Linoleum Cup at the San Beda College Gym in Mendiola, Manila.
Guiao to coach Burger King
By Ronnie Nathanielsz
PHILIPPINE National Team coach Yeng Guiao, who recently resigned as Red Bull coach after the team was decimated by the peddling of its star players and was the first to be eliminated in the ongoing All Filipino conference, is likely to wind up as coach of Burger King, currently Air21.
Norwood?s teammate eyed as Elasto import
By Rey Joble
RAIN or Shine has retooled its backcourt by securing the dynamic duo rookies Gabe Norwood and Solomon Mercado.
Arum wants Pacman fight on free TV
ALWAYS an innovator, Top Rank promoter Bob Arum is now looking at getting the big fights on free television and is considering the May 2 mega-buck fight between Filipino ring icon Manny Pacquiao and Britain?s Ricky Hatton for starters.
Pinoy basketball coach hired in Vietnam
BASKETBALL authorities in Vietnam have hired another Filipino coach to help develop their grassroots development program.
Amonsot cleared to fight
By Ronnie Nathanielsz
CZAR Amonsot, whose career was almost ended when a speck of blood was discovered outside his brain after a bloody brawl with Australia?s Michael Katsidis at the Mandalay Bay Resort Hotel and Casino in Las Vegas on July 21, 2007, has been cleared to fight again.
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Drugged
Going over the reported facts of the case of the so-called ?Alabang Boys,? one can?t help but wonder if perhaps what we really need right now is a Lim Seng-style execution. But maybe, instead of just a convicted drug dealer, a crooked cop, prosecutor or government official with ties to the drug trade should also be made to face a firing squad.
Running out of time
Threat of power shortage
Ask Cory
Save Baguio City
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New rent control law proposed
By Roy Pelovello
HOUSE Speaker Prospero Nograles and Oriental Mindoro Rep. Rodolfo Valencia have filed a bill regulating house rental rates to replace the rent control law that expired last Dec. 31.
One million jobs in the pipeline
By Joyce Pangco Pa?ares
The Arroyo administration will create one million jobs within the first six months of the year as part of measures it has adopted to counter the adverse effects of the global financial crisis.
P5,000 rebate eyed for taxpayers
By Fel V. Maragay
A one-time rebate of P5,000 for individual taxpayers will cushion the impact of the global financial crisis on an estimated two million fixed-income earners, Senator Mar Roxas said yesterday.
Court set a bad precedent, says Cebu firm
By Rey E. Requejo
A litigant at the Supreme Court faces losing its multimillion-peso property after the court?s second division issued a resolution, allegedly depriving it of the constitutional right to due process and fair judicial proceedings.
Euro general, wife cleared in Russia
By Romie A. Evangelista
Russian authorities have cleared former police comptroller Eliseo de la Paz and his wife of violation of currency laws, and are processing the return of the 128,000 euros seized from the couple, his lawyer said yesterday.
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Children off-limits to Nazarene procession but allowed in vigil
By Arlie Calalo
CHILDREN may join the vigil tomorrow of the Black Nazarene feast but they are barred from Friday?s procession to avoid injuries and even death, a Quiapo church official said yesterday.
Para?aque shootout: 8 policemen under fire
By Romie A. Evangelista
The National Police Internal Affairs Service is pushing for administrative charges against eight members of the Highway Patrol Group over the shootout with members of a robbery-holdup gang on Dec. 5 last year in Para?aque City.
Taxpayers reminded of Jan. 20 deadline
By Tony Macapagal
Manila Mayor Alfredo Lim yesterday appealed to taxpayers to settle their obligations ahead of the Jan. 20 deadline to avoid frayed nerves.
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