Tuesday, December 20, 2011

20 DEC 2011, TUE: Bus & Health

Business


BSP: 2011 exports to hit $50.2B

GMA News - 
The Bangko Sentral ng Pilipinas (BSP) projected on Monday that the country's export earnings this year will reach $50.2 billion—just one percent off from last year—while imports slow down by seven percent to $66 billion.

Tourist arrivals up in first 10 months of '11

BusinessWorld Online Edition - 
THE TOURISM industry posted considerable annual growth during the first 10 months of this year, the Department of Tourism (DoT) said, citing consistent month-on-month growth throughout the period.

Britain boycotts IMF eurozone rescue scheme

BBC News - 
European countries have agreed to provide 150bn euros (£125bn; $194bn) to the International Monetary Fund. The money could be used to help countries in the eurozone struggling to pay their debts.

BOC seizes smuggled firecrackers, lumber

Inquirer.net - 
By Philip C. Tubeza The Bureau of Customs (BOC) has seized two container vans of smuggled firecrackers worth P10.6 million and eight container vans of lumber which recently arrived in two separate shipments.

Negotiated sale for FTI property seen in 2012

Inquirer.net - 
The government expects to finally privatize its Food Terminal Inc. property in Taguig City through a negotiated deal by 2012, according to Finance Secretary Cesar V. Purisima.

Cebu Pacific all set for flights to Xiamen

Inquirer.net - 
Budget carrier Cebu Pacific has announced plans to launch flights to the booming city of Xiamen in southeast China. In a statement, the Gokongwei-led carrier said it would start flights between Manila and Xiamen by March 23, 2012, marking its fourth ...

Clarification sought on Luisita case

BusinessWorld Online Edition - 
THE OWNER of a sugar estate has asked the Supreme Court (SC) to clarify and reconsider its decision on the distribution of land to farmers.

IT firm's debut stocks down 7.78%

Inquirer.net - 
Software provider Touch Solutions Inc. saw its share price fall 7.78 percent during its stock trading debut on the second board of the Philippine Stock Exchange Monday.

Makati business group bucks NAIA sale proposal

ABS CBN News - 
By Ma. Elisa P. Osorio, The Philippine Star MANILA, Philippines - The Makati Business Development Council (MBDC) has expressed its disapproval to the proposed sale of the Ninoy Aquino International Airport (NAIA).

Megaworld claims top spot in terms of building volume

BusinessWorld Online Edition - 
DEVELOPER MEGAWORLD Corp. yesterday said it was poised to construct the most number of residential condominium units in the country from 2011 to 2016.

Taxpayers welcome BIR probe suspension

Manila Bulletin - 
By JUN RAMIREZ MANILA, Philippines - Hundreds of thousands of individual and corporate taxpayers welcomed on Monday the decision of Commissioner Kim S. Jacinto-Henares of the Bureau of Internal Revenue (BIR) stopping the investigation of their ...

Big players join price hikes

Manila Bulletin - 
By ELLSON A. QUISMORIO MANILA, Philippines - The rest of the country's major oil players implemented incremental price cuts worth P0.40 per liter on diesel and P0.50 per liter on kerosene on Monday.

HSBC May Save $1.5 Billion on Loss-Absorbing Capital Requirement

BusinessWeek - 
By Howard Mustoe Dec. 19 (Bloomberg) -- HSBC Holdings Plc, Europe's largest bank by market value, may escape $1.5 billion of additional costs after the government diluted plans requiring British lenders to raise extra loss-absorbing capital.

Philippines, China trade grows despite row

Inquirer.net - 
By Jerome Aning Despite the diplomatic spat over conflicting claims on the West Philippine Sea (South China Sea), trade between the Philippines and China grew 32 percent in the first 10 months of the year, the Department of Foreign Affairs said Monday.

Imported motor vehicles surge 43%

Manila Bulletin - 
MANILA, Philippines - Sales of imported motor vehicles in November up 43 percent, outperforming the entire industry performance, the Association of Vehicle Importers and Distributors Inc. (AVID) said.

FPIC gears up for end of pipe tests

BusinessWorld Online Edition - 
THE ENERGY department yesterday hinted at greenlighting the reopening of First Philippine Industrial Corp.'s (FPIC) repaired oil pipeline ahead of the completion of pressure tests today.

First tranche of Pamana funds released

Sun.Star - 
By JM Agreda CABINET officials formally turned over the first tranche of Payapa at Masaganang Pamayanan (PAMANA) program funding for the Cordillera amounting to P207 million.

Globe puts cap on postpaid data use

Business Mirror - 
GLOBE Telecom Inc. has become proactive in preventing customer bill shock by putting a cap on the data usage of all postpaid subscribers.

Puregold sees this year's profit to reach P1.5B

ABS CBN News - 
By Miguel R. Camus, BusinessMirror MANILA, Philippines - Listed supermarket chain Puregold Price Club Inc. expects a sustained sales growth of about 30 percent for the remainder of the year, President Leonardo Dayao said.

Saudi Prince Alwaleed's Twitter Investment Was Made Via Secondary Market

Forbes - 
Billionaire investor Prince Alwaleed of Saudi Arabia purchased his stake in Twitter on the secondary market and not directly from Twitter, Forbes has learned.


Health


Withdrawal of PhilHealth coverage slammed

Sun.Star - 
By Teresa Ellera-Dulla REPRESENTATIVE Albee Benitez (3rd district) said Sunday several local chiefs in the province are complaining about the new policy by which the National Government will withdraw by the end of the year its insurance assistance to ...

MD's Dispute Study on Breast Cancer Brachytherapy

MarketWatch (press release) - 
SAN FRANCISCO, Dec 19, 2011 (BUSINESS WIRE) -- A recent study on a sophisticated form of radiation treatment for breast cancer is inaccurate and has caused unnecessary concern among many patients, according to four top physician researchers.

Fertility black market targets college girls in China

Philippine Star - 
BEIJING (Xinhua) -- In a downtown Beijing cafe, about 20college girls sat in a line, silently absorbing stares from a dozen anxious-looking couples in an opposite line.

The race is on for a better mammogram

Fortune - 
Nuclear physicist Edward Flynn was moved by his wife's cancer to find a better procedure. He's not the only one angling for a piece of a growing $6 billion market.

Selective abortion of girls increases in Armenia: UN

AFP - 
YEREVAN - The percentage of male children born in Armenia has risen significantly due to an increase in female foeticide, the United Nations Population Fund said on Monday.

Conjoined Chilean twin girl dies after separation surgery

Santiago Times - 
María José Paredes Navarrete, a Chilean infant who was separated from her conjoined twin in a risky surgery last week, died on Sunday night of organ failure, five days after the procedure.

UV rays help prevent chickenpox: Research

London Free Press - 
By QMI Agency A researcher at St. George's, University of London found that chickenpox occurs less often in places with high UV levels, and hopes his findings can help develop new treatments for chickenpox and shingles.

Pinellas considers alternative to fluoride that costs more, affects fewer

Tampabay.com - 
By David DeCamp, Times Staff Writer For $205000 a year, Pinellas County adds fluoride to drinking water to improve the dental health of 700000 residents.

Weight loss wonder pill that doesn't make you sick could be on sale within...

Daily Mail - 
By Fiona Macrae Breakthrough? Scientists have discovered a compound which switches off appetite, without the usual side effects It is the perfect excuse to have another mince pie.

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