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PLDT Announce Profit

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Philippine Long Distance Telephone Company chairman Manuel Pangilinan (left) announced on Tuesday, 04 March 2008, unaudited consolidated net profit of USD 88 million for the year 2007, an increase of 2% from the USD 86 million net profit reported last year.

Lozada unmasks FG, Abalos in NBN deal

Rodolfo “Jun” Lozada Jr. surfaced early Thursday morning and substantiated allegations regarding the roles of First Gentleman Jose Miguel “Mike” Arroyo and former elections chief Benjamin Abalos Sr. in the scrapped national broadband network (NBN) project of the government.

Banker sees peso hitting 38-39 to $1 this year

Remittance factor to counter pressures on peso By Doris Dumlao – The peso slipped Tuesday to 41.595 to the dollar from 41.20 last Monday, as escalating concerns over a possible recession in the United States spooked regional financial markets.

Strong Peso Hurting Overseas Workers’ Families

MANILA, PHILIPPINES: Jasmine Cordero, whose husband works in New Zealand, feels bad that the value of the US dollar against the peso is declining. “Before, I could receive between 10,000 pesos (US$246.39) and 15,000 pesos ($369.59) a month from him. Now, its less than that,” Cordero of Tacloban City said. Read more »

World’s cheapest car unveiled in India

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New Delhi: India’s India’s Tata Motors Ltd unveiled the world’s cheapest car on Thursday, bringing car ownership closer to millions of consumers. The four-seater Nano will have a dealer price of 100,000 rupees ($2,500), and will go on sale later this year. It costs less than half of India’s Read more »

Microsoft sued for copyright violation in Philippines

MANILA, Dec. 17 (Xinhua) — A Philippine college on Monday accused global software giant Microsoft Corp. of allegedly reproducing the school’s copyrighted materials without consent. According to the online edition of the Philippine Daily Inquirer, Southeastern College (SEC) filed the case at a regional court in Metro Manila against the Read more »