Archive for the '◙ Business Mirror' Category

Never too early nor too late

THE Supreme Court deserves the gratitude of the nation for the fast action it has taken in connection with the Court of Appeals (CA) scandal. We should congratulate the three-man panel of retired justices, headed by Justice Carolina Griño Aquino, which conducted the marathon hearings and made the recommendations to the Supreme Court.
By and large, […]

Nene and NDF: ‘Wish ko lang’

DESPITE gloomy predictions from the Cassandras of darkness in this country, a silver lining appears from the report of Fitch Ratings, one of the more notable international financial monitoring groups which said the flow of foreign direct investments (FDI) to the Philippines “has remained largely stable, but the regional situation appears to be changing, with […]

Strengths behind the weak numbers

SOMEBODY asked me that with the global economy bottomed out, how could I see recovery in light of the easing of oil and commodity prices?
I responded that it is too early to say that the global economy is improving. Just look at the subprime problem in the United States, which triggered the worldwide credit crunch. […]

Ignorance bearing chain saws

I AGREE that the Intramuros Authority Administration should be charged for the massive cutting down of trees in Plaza Roma right in front of the Manila Cathedral.
I don’t think Intramuros Administrator Anna Maria “Bambi” Harper can claim ignorance that the cutting of these trees was against the law. But even assuming that she is ignorant […]

Definitely no selective prosecution

DR. LYDIA Depra Ramos, Department of Health (DOH) regional director for Region 6, has been repeatedly announced as “outgoing director” of the region. But she is still lording it over, notwithstanding the fact that other officials and employees of Region 6 are already nauseated at the very sight of this notorious person. She must really […]

Banks should help boost the economy

THE double-digit drop in earnings of major players in the banking industry in this year’s first semester was not unexpected. It was caused by the global credit crunch triggered by the subprime crisis in the United States. And this impact continues to be felt today.
When the subprime crisis hit, I remember the immediate reaction of […]

The first order of nature

THE government is correct in trying to restrain the so-called Ilaga group in Mindanao because of the past notoriety of the vigilante group.
However, I will not begrudge these Visayan vigilantes if they will rearm in order to defend their families and homes from the deprivation of Moro Islamic Liberation Front (MILF) forces; after all, self-defense […]

Muslims, too, love this country

AFTER the prospect of a memorandum of agreement on ancestral domain with the Moro Islamic Liberation Front (MILF) was bannered in media primarily due to the Supreme Court’s temporary restraining order preventing the parties to ink the pact, now, scores of other cultural minorities are demanding their own autonomous region.
At the rate their demands are […]

Searching new capital for mining industry

THE recent Supreme Court decision that allowed foreign ownership of mining projects has sparked renewed interest in the Philippine mining industry. Before this, the industry was in the doldrums because of ownership restrictions and low mineral prices in the global markets.
With the tribunal’s ruling, both the government and the mining companies immediately went into […]

The law for the lawless

CHARGES ranging from kidnapping, murder, robbery, arson and other related offenses were finally filed by the Philippine National Police against Moro Islamic Liberation Front (MILF) commanders Umbra Kato and Bravo.
The cases were filed with the Provincial Prosecutor’s Office in North Cotabato against Umbra Kato, and with the Prosecutor’s Office in Lanao del Norte against […]

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