Lack of infrastructure bugs developing states

Lack of infrastructure is a common problem in developing countries in Asia and not just in the Philippines. “Dissatisfaction with roads, water and power seems common across developing Asia. It’s not a unique problem in the Philippines but also in other countries (in the region),” economist Ernesto Pernia said during the Investment Climate and Regional [...]

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Japanese manufacturer expands in Cebu, Visayas

A Japanese manufacturing firm poured P1 million to set up its first regional branch in the country. Brother International Philippines Corp.—which manufactures laser printers, fax and labeling machines, typewriters, multi-function centers and sewing machines—opened yesterday its office at the Clotilde Commercial Center in Cabancalan, Mandaue City. Showroom The 90-square meter office is equipped with a [...]

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RP economic growth ‘mediocre’ – economist

The country’s investment and productivity growth critically depend on its macroeconomic fundamentals, governance and infrastructure. That’s what economist Ernesto Pernia said during his lecture on the “Investment Climate and Regional Development in the Philippines” with students of the University of San Carlos last week. “Our government officials, including Neda (National Economic and Development Authority) officials [...]

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NTC 7 exec objects to P10M capital for VoIP service

NATIONAL Telecommunications Commission (NTC) 7 Director Danilo Sy has expressed disapproval over the P10-million paid-up capital requirement for Voice over Internet Protocol (VoIP) service providers. Sy said the required paid-up capital would limit small but capable VoIP companies. The NTC released last week a set of guidelines for the registration of VoIP service providers. It [...]

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Electronics firm plans to capture share of RP handy phone market

Europe’s leading consumer electronics brand will soon take its share in the mobile phone industry. That’s what Angelo Valenton, Philips consumer electronics general manager, said in an interview during its launch at the Waterfront Cebu City Hotel and Casino last Wednesday. “We can’t claim any market share in the mobile phone industry yet because we [...]

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Neda says RP will meet targets vs. poverty; CV has good chances, too

There is a high probability that the country would be able to meet its target of halving the number of Filipinos living in extreme poverty by 2015. National Economic and Development Authority (Neda) 7 director Marlene Rodriguez made the assurance following a warning issued by an official of the Food and Agriculture Organization who spoke [...]

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GMA exec predicts future of television

FOR the television industry, all roads lead to Internet Protocol Television (IPTV). “With IPTV, all the viewers are individually logged and this is where the `magic’ kicks in,” said GMA Network Inc. president and chief executive officer Felipe Gozon during his presentation at the 19th Philippine Advertising Congress last week. He explained that each individual [...]

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DAR distributes 492 hectares to Carmen, Cebu farmers

Over 700 farmer-beneficiaries in Carmen, Cebu recently received certificates of land ownership awards (CLOAs) covering 492 hectares from the Department of Agrarian Reform (DAR) Province of Cebu. In a statement furnished Sun.Star Cebu yesterday, DAR Cebu reported it has distributed 622 CLOAs to 791 farmer-beneficiaries in Barangays Cantipay, Hag-naya, Baring, Corte, Trium-po, Natimaoan, Cantucong, Fuente, [...]

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Pag-ibig to hold bidding for foreclosed properties

The Home Mutual Development Fund (Pag-ibig Fund) 7 officials will hold a public bidding for foreclosed properties in the region. “There are 21 lots and 18 house and lot units available for bidding,” Sara Eloisa Javier, Pag-ibig Fund 7 marketing and claims division chief, said during the Agency of Government Information Officers (Agio) forum at [...]

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New technology will usher in mobile TV-broadcast exec

MOBILE TV is the next big thing. GMA Network Inc. president and chief executive officer Felipe Gozon, during his presentation at the 19th Philippine Advertising Congress, said mobile TV represents a huge untapped market of viewers. “The mobile market is enormous. According to Business World, it is expected to expand from today’s 700 million handsets [...]

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