by Jenniffer B. Austria Fastfood giant Jollibee Foods Corp. agreed to sell the assets of its Delifrance business to CafeFrance Corp., a unit of listed pharmaceuticals company Euro-Med Laboratories Philippines Inc., for P100 million.
by Julito G. Rada Investments in the country’s economic zones grew 31 percent to P70.958 billion in the first eight months from P54.094 billion year-on-year on improving economic conditions.
by Roderick T. dela Cruz The combined net income of the 38 universal and commercial banks in the Philippines rose 24 percent year-on-year in the first half of 2010, driven by an increase in both interest and non-interest income.
Luck this time did not smile on Nido Petroleum Ltd. of Australia. The company, operator of the successful Galoc oil field in the same general area of northwest Palawan, has begun the repair job on the Tindalo well, which is producing more water than crude oil.
Weaving is a traditional craft in the Philippines. Weavers fashion fibers from abaca or Manila hemp, piña (fiber from pineapple) and buntal (fiber from fan palm) into cloth for use not just in garments but accessories and even home decor. Each ethnic group has its own particular kind of textile, motif and method of production.
by Rey E. Requejo A COMPUTER simulation of the Aug. 23 tour-bus shootout at the Quirino Grandstand revealed that the shots fired by police into the hijacked vehicle could have hit the Chinese hostages, eight of whom died of gunshot wounds, Hong Kong’s government media reported Wednesday.
by Joyce Pangco Pañares PRESIDENT Benigno Aquino III has issued an Executive Order suspending all allowances and incentives—including Christmas bonuses—to the board members of government-owned corporations amid a public outcry over these officials’ excessive perks.
Scene of the crime. Justice Secretary Leila de Lima and investigating panel member Herman Basbano, left, inspect the bulletriddled tourist bus Wednesday at Camp Bagong Diwa in Taguig. LINO SANTOS
GARVO Lanete waxed hot for 30 points, including 13 in the fourth quarter as San Beda College turned back Mapua, 90-78, yesterday to stretch its unblemished run to 12 wins in the 86th National Collegiate Athletic Association basketball tournament at The Arena in San Juan City.
FORTUNES will be decided when the La Salle Green Archers and the Adamson Falcons meet in a very important showdown at 4 p.m. today in the 73rd University Athletic Association of the Philippines men’s basketball tournament at the Araneta Coliseum.
by Rey E. Requejo IT’S all about the ratings.
This was how broadcast journalist Erwin Tulfo summed up media’s performance during the August 23 hostage-taking incident in Manila that left eight hostages dead.
by Ferdie Fabella A worker of the Ampatuan clan told a court on Wednesday that the family members plotted over dinner to kill their rivals and journalists six days before the Nov. 23, 2010 ambush.
Cabinet officials led by Transportation Secretary Jose de Jesus on Wednesday trooped to Ninoy Aquino International Airport terminal 1 to review a proposed facelift in time for the last quarter’s peak travel season.