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By Roderick T. dela Cruz
More than 200,000 jobs in the business process outsourcing industry remain to be filled today of the nearly half a million positions in the sector.
SEC threatens to suspend license of Subic golf club
By Jenniffer B. Austria
The Securities and Exchange Commission warned Subic Bay Golf and Country Club that it will suspend its registration statement and permit to sell securities for failure to submit reportorial requirements as provided in the Securities Regulation Code.
Strong peso last year saved govt P23b in debt payments
By Lawrence Agcaoili
The continued strengthening of the peso against the US dollar and lower-than-programmed interest rates helped the Philippines save P23.4 billion in debt payments last year.
Citi unit investing $200m in property
By Eileen A. Mencias
Citi Property Investors, a part of Citigroup, is investing $200 million in Philippine real estate.
Aboitiz Power’s profit in ’08 rose slightly to P4.3b due to higher sales
By Alena Mae S. Flores
Listed Aboitiz Power Corp. yesterday reported a net income of P4.3 billion in 2008, up 4 percent from P4.2 billion in 2007, on higher power sales.
By Victor C. Agustin
SEC Commissioner Jesus Martinez may find it all the more difficult to profess ignorance of his son’s business affairs.
His son’s Spin Management and Holdings Group, the company that received nearly P7 million allegedly in return for the SEC official turning soft on the trust fund-deficiencies of the collapsed Legacy Group, was registered with the Securities and Exchange Commission using 6 Adela H. Rizal St., Classic Homes, Parañaque City as office address.
By Gerry Geronimo
Legacy fought tooth and nail to prevent Chuchi Fonacher, the officer-in-charge of the Supervision and Examination Department IV (now known as the Integrated Supervision Department II) from submitting to the Monetary Board the results of the simultaneous examination that her unit conducted on the Legacy rural banks that ended on April 30, 2005. What was it that Legacy wanted to conceal from the Monetary Board?
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