HSBC study: PHL to become world’s 16th largest economy by 2050

January 12, 2012 11:38 pm· Comments Off on HSBC study: PHL to become world’s 16th largest economy by 2050 

MANILA, Jan. 11 -– A study by Hong Kong Shanghai Banking Corporation (HSBC) dubbed the Philippines a “fast-growth” economy due to improving fundamentals, which will propel the domestic economy to be the 16th largest economy by 2050.

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PSALM extends ecozone rate

January 12, 2012 11:36 pm· Comments Off on PSALM extends ecozone rate 

MANILA, Jan. 12 — The Power Sector Assets and Liabilities Management (PSALM) Corporation has effectively extended the Ecozone Rate Program (ERP) with the extension of its Transition Supply Contract (TSC) with Manila Electric Co. (MERALCO) for a maximum period of one year or until three months after the introduction of open access and retail competition, whichever comes earlier, subject to the approval of the Energy Regulatory Commission (ERC).

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P2,000 pantawid pasada assistance mulled‏

January 12, 2012 11:34 pm· Comments Off on P2,000 pantawid pasada assistance mulled‏ 

MANILA, Jan. 12 – The government is studying a new round of transport assistance of as much as P2,000 under the Pantawid Pasada program to cushion the impact of the high oil prices to the transport sector.

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Provincial gov’t to generate at least P5-M taxes in Comval mining areas

January 12, 2012 11:32 pm· Comments Off on Provincial gov’t to generate at least P5-M taxes in Comval mining areas 

NABUNTURAN, Compostela Valley, Jan. 12 – The provincial government of Compostela Valley is expecting to generate at least P5 million in taxes from the Diat Uno and Diat Dos mining sites in Pantukan should the “No Habitation Policy” is strictly implemented.

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Hot money drops on negative external, domestic developments

January 12, 2012 11:30 pm· Comments Off on Hot money drops on negative external, domestic developments 

By Joann Santiago

MANILA, Jan 12 – Combined impact of the Euro zone debt crisis, weak US economy, issues in Korean peninsula as well as political concerns in the domestic front resulted to profit taking and the drop in foreign portfolio investments in the Philippines in December 2011.

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Hyundai sees flat sales this year

January 12, 2012 11:26 pm· Comments Off on Hyundai sees flat sales this year 

MANILA, Jan. 12 — Hyundai Asia Resources, Inc. (HARI), local distributor of Korean car Hyundai, posted a very modest growth of 1 percent in 2011 with sales hitting only 20,297 units from 20,172 units in 2010 and forecast to grow flat this year.

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Indonesia to host fighting championship

January 12, 2012 11:24 pm· Comments Off on Indonesia to host fighting championship 

JAKARTA, Jan. 12 — Indonesia will stage an Asian mixed martial arts showdown next month, with world champion Ole Laursen scheduled to fight against European champion Felipe Enomoto on a Feb. 11 bout in North Jakarta, the Jakarta Post reported here on Thursday.

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Dominican Republic, Haiti join hands to uproot cholera

January 12, 2012 11:23 pm· Comments Off on Dominican Republic, Haiti join hands to uproot cholera 

SANTO DOMINGO, Jan. 12 — The Dominican Republic and Haiti Wednesday launched a joint plan aimed at eliminating cholera, which has claimed more than 7,000 lives in both countries since October 2010.

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INC set to hold medical and dental mission in Pampanga

January 12, 2012 11:21 pm· Comments Off on INC set to hold medical and dental mission in Pampanga 

SAN SIMON, Pampanga, Jan. 12 – The Iglesia Ni Cristo (Church of Christ) in the Ecclesiastical District of Pampanga is set to conduct a ”Lingap sa Mamamayan” medical and dental mission in Barangay San Miguel, this town on Saturday.

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DOH declares leptospirosis outbreak in Tanjay City, Negros Oriental

January 12, 2012 11:19 pm· Comments Off on DOH declares leptospirosis outbreak in Tanjay City, Negros Oriental 

By Mary Judaline F. Partlow

DUMAGUETE CITY, Jan. 12 – The Department of Health (DOH) in Region 7 has declared an outbreak of the bacterial infection leptospirosis, in Tanjay City, Negros Oriental following a rise in cases in two of the city’s barangays.

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