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The Philippine Alert
January 2010 Issue .
»» LOGIN to download a PDF file.
Press Secretary Remonde dies of a heart attack Press Secretary Cerge Remonde, President Macapagal-Arroyo’s staunch defender, died of a heart attack on January 19 in his home in Makati City less than a year after he assumed his post. He was 51.
Ampatuan pleads not guilty to multiple murders Former Datu Unsay Mayor Andal Ampatuan Jr on January 5 pleaded not guilty to the 41 counts of murder filed against him by government prosecutors for masterminding the massacre of 57 people, including 31 journalists, in Ampatuan town, Maguindanao, on Nov 23.
PNP sets up gun ban checkpoints Police checkpoints have been set up nationwide since for the strict implementation of the total gun ban.
Economy Samurai bond guarantee terms “firmed up” Finance officials said the government and the Japan Bank for International Cooperation (JBIC) had reached an agreement on the guarantee terms for the planned Samurai bond issues. The terms weren’t disclosed.
Tariffs on ASEAN imports eliminated President Gloria Arroyo issued Executive Order No. 850 on December 23, bringing down the tariffs on more goods from ASEAN member states to zero effective January 1, 2010.
Peso rising vs. US$ The peso started the year strong vs. the dollar, breaching the P46:$1 mark to close at P45.95:$1 on the year’s first trading day on Jan. 4. It continued appreciating till mid-January, but was back to near P46 as the month drew to a close.
Business Auto firms exceed ’09 sales target The local auto industry surpassed its sales target for 2009, selling 132,444 units or 6.4% higher than sales in 2008. The Chamber of Automotive Manufacturers of the Philippines (CAMPI) said the growth was fueled by strong remittances from overseas Filipino workers (OFWs), attractive financing schemes offered by commercial banks, aggressive marketing campaigns by dealers, and faster replacement rate of typhoon-damaged vehicles.
Pre-need sector expects to recover this year Local pre-need firms are optimistic that the industry will recover this year especially with the signing into law of the Pre-Need Code.
RP improves trade logistics performance – World Bank The Philippines scored higher in the logistics performance index (LPI) according to the recent World Bank study entitled “Connecting to Compete 2010: Trade Logistics in the Global Economy.” The country registered an LPI score of 3.14, an improvement from its previous score of 2.69 during the previous survey conducted in 2007. (see story on p 45)
»» LOGIN to download a PDF file. |
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