Boss, we have a problem: The government-run Development Bank of the Philippines seems to be going out of kilter, appallingly lagging in profitability behind other banks, including another government bank, the Land Bank of the Philippines.
More than 11 million fine men and women in this country are jobless, according to the latest survey, and since the figure was only more than 10 million at the start of 2013, the number of jobs in this country, instead of increasing, was actually stagnant.
When the country’s flag carrier, Philippine Airlines, or PAL, launched last week its 12 new routes, seated beside each other at the table were PAL president Ramon S. Ang and Tourism Secretary Ramon Jimenez.
Uh-oh, the Commission on Elections sets its eyes on survey companies, even threatening to impose sanctions on them—such as jail terms—if they do not reveal the “subscribers” to their political surveys, particularly the pre-election polls covering the senatorial race. Those are the companies—or the political groups—paying the survey companies for first crack at the survey results, which as the survey companies have always pointed out, are not the same as the “sponsors” of the survey, or those who paid outright for the surveys.
Malaysian lotto company PGMC, confusingly named “Philippine Gaming Management Corp.,” has been putting out ads attacking its one and only important client in this country—the PCSO.
About a couple of months ago, the Housing and Land Use Regulatory Board, or the HLURB, issued a “notice of violation” to a real estate firm called Picar Development. Because of the alleged violation, the board ordered Picar to stop marketing and selling its project in Alabang, Muntinlupa, known as the “Chelsea Residences Alabang.” [...]
A few days ago in Davao City, groups believed to be NPA rebels burned down expensive construction equipment such as a backhoe and a payloader, costing several millions of pesos, owned by a local midsize construction company named Jameetrix—simultaneously, at that, in three different sites.
Hoorah! Just a few days ago, the P640-billion pension fund of government employees, the GSIS, announced that it would put more money in the booming stock market.
All of a sudden, from out of nowhere, just as the Aquino (Part II) administration struggles with the territorial dispute with China in the West Philippine Sea, another sovereignty issue over Sabah confronts our leader Benigno Simeon (aka BS), that is sagging the country’s image before foreign media.
With a population of less than 30,000 but with a yearly income of almost P200 million, this town in Nueva Ecija called Pantabangan, made famous by the 36-year-old hydroelectric and irrigation dam, can only be a prosperous town.
We all know the reason behind the government-imposed ban on the importation of used cars: protectionism.
Uh-oh. In the first ever attempt of the Aquino (Part II) administration to make a go of its much-vaunted PPP program—now three years in the making and nothing yet happening—it looks like the guys down here must take the hardest blow.
