Global investors are bracing for further declines in Philippine bonds, Asia’s worst performers this year, on concern the nation’s first change in president in almost a decade will lead to wider budget deficits.
Fortis Investments and Western Asset Management Co., which oversee a combined $698 billion, sold Philippine international bonds last month, as the government raised its forecast for this year’s shortfall by 26 percent. Pictet Asset Management, which manages $5 billion of emerging-market debt, cut peso holdings on concern the new president would boost spending to win support.
According to an article in Business Week, the Philippines is on target to grow its business process outsourcing revenues to $13 billion, and provide jobs for 650,000, by the end of 2010. So, what exactly are the advantages of outsourcing to the Philippines that have made it a first choice outsourcing solution for businesses across the globe?
Davao Light and Power Company is encouraging all its customers to save on electricity.
The advice of the electric utility came on the heels of the announcement by the National Grid Corporation of the Philippines (NGCP) that the power generation curtailment level from the various generating companies in Mindanao reached to 450 megawatt (mW) yesterday. NGCP imposed a 93 mW curtailment on Davao Light’s franchise area starting at 10:30 yesterday morning.
THE Department of Trade and Industry (DTI) provincial office in Davao Oriental reported that market matching and linkage activities in 2009 generated high sales valued at P12.117 million, higher by 431 percent as compared to previous year’s P2.811 million only.
Based on its annual report, DTI-DO also revealed that the sales generated through market matching and linkage last year was even 173 percent higher than its annual target of P7 million.
People are excited about their savings accounts earning interests. But, the Department of Science and Technology (DOST) has seen a better idea to invest into something that earns three or five times that of bank interests. An “energy audit” is a good first step toward realizing those money savings by making your place more energy efficient.
With today’s increasing production cost, it is important to identify areas by which production cost can be significantly reduced. One area identified by DOST is to improve the efficiency of energy utilization among industries. Many industrial establishments are now becoming conscious of their energy usage due to increased energy costs.
