Friday, March 23, 2012

23 MAR 2012, FRI: Bus & Health

Business


Philippines' Ayala to spend $1.4 billion on property

AFP - 
MANILA - Philippine real estate giant Ayala Land Inc. said Thursday it will spend about 60 billion pesos ($1.4 billion) to revitalise the country's main business district of Makati.

PLDT okays issuance of new shares to increase Filipino stake

Inquirer.net - 
MANILA, Philippines—Market heavyweight Philippine Long Distance Telephone Co. (PLDT) has approved the issuance of new shares that would allow the firm to increase voting shares held by Filipino stockholders to comply with the foreign ownership cap in ...

(ASF)NGCP's N-1 contingency averts Metro Manila blackout

The Online Zamboanga Times - 
MANILA - The National Grid Corporation of the Philippines (NGCP) prevented a blackout that could have affected thousands of Metro Manila residents this week.

Neda OKs P133-B projects, including LRT 1 extension

ABS CBN News - 
By Cai U. Ordinario and Recto Mercene, BusinessMirror MANILA, Philippines - The National Economic and Development Authority (Neda) Board, in its first meeting for the year, approved on Thursday a total of 12 projects worth P133 billion.

Higher gov't spending won't push rates

Malaya - 
By JIMMY C. CALAPATI With the expected increase in government spending this year, Bangko Sentral Governor Amando Tetangco said that this will "most likely not lead to upward pressures on interest rates.

Significant impact to employment 'unlikely' from excise tax reform: IMF

The Online Zamboanga Times - 
MANILA - A “significant impact” to employment - particularly in tobacco farming - is “unlikely” to arise from a reform of excise taxation in the country, the International Monetary Fund (IMF) said in a new report on the restructuring of the Philippine ...

SMDC to issue P4B fixed rate notes

Malaya - 
By ALBERT CASTRO SM Development Corp. (SMDC) said it will be issuing fixed rate corporate notes in the aggregate principal amount of up to P4 billion with an oversubscription option, the company said in a disclosure.

The New iPad Is Out: What Now, Everybody Else?

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TIME - 
By Harry McCracken | @harrymccracken | March 22, 2012 | + In 2010 Apple released its first iPad. It was far from the industry's first tablet computer, but it was the one that defined the category.

Stock Market

BusinessWorld Online Edition - 
STOCKS SNAPPED a three-day losing streak, edging up on Thursday in a technical rally that saw investors hunting for new bargains among blue-chip stocks.

China's 'loss' could be country's gain

BusinessWorld Online Edition - 
CHINA'S "waning appeal" may benefit the Filipino labor market and spur growth this year, an economist yesterday said, even as he noted that downside risks remain to slowdown not only in China but in the global economy.

Oil Trades Near One-Week Low on Economy; Set for Weekly Decline

Bloomberg - 
Oil traded near the lowest price in a week and headed for a second weekly decline on concern that fuel demand will falter as industrial activity slows in Europe and China.

P/$ rate closes at P43.06$1

Manila Bulletin - 
MANILA, Philippines - The peso exchange rate closed slightly lower at P43.06 to the US dollar yesterday at the Philippine Dealing & Exchange Corp.

RESOURCE NATIONALISM: Philippines may take 50% of mining revenues, Aquino says

Metalbulletin.com (subscription) - 
The Philippines government may ask for 50% of all mining revenues to ensure it gets a “fair share” from the mining industry, President Benigno Aquino III said early last week.

Jollibee Earmarks P5.8B For Store Expansion Here And In China

Manila Bulletin - 
By JAMES A. LOYOLA MANILA, Philippines - Jollibee Foods Corporation is allotting P5.8 billion for its capital investment budget this year as it aims to continue expanding its operations in the Philippines and in China.

Central Visayas wage hike plea filed

BusinessWorld Online Edition - 
CEBU CITY -- A petition for a P90 per day wage increase in the Central Visayas has been filed by the Trade Union Congress of the Philippines (TUCP), which last week called for the same adjustment in Metro Manila.

Korean Investors Eyeing Water, Power

Manila Bulletin - 
By BERNIE CAHILES-MAGKILAT MANILA, Philippines - South Korean firms have expressed keen interest to invest over $1 billion in water and power projects in the country, the National Economic and Development Authority (NEDA) said Thursday.

Philippine Navy to sign contract for MRVs this July

The Online Zamboanga Times - 
MANILA - Philippine Navy (PN) flag-officer-in charge Vice Admiral Alexander Pama on Thursday expressed optimism that the contracts for the service's two multi-role vessels (MRVs) will be signed by July this year.

Major LPG player supports BFP call

The Online Zamboanga Times - 
MANILA - As the month of March is Fire Prevention month, the major liquefied petroleum gas (LPG) player Total Philippines Corporation on Thursday hosted forum on LPG Safety in support of the Bureau of Fire Protection's (BFP) call to be alert, ...

Gold Fields Secures 40% in Far Southeast

Sacramento Bee - 
By Gold Fields Limited Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that it has exercised its 40% option in the gold-copper Far Southeast Project in the Philippines after making a US$110-million payment this ...

Health


Bloomberg charity backs war on tobacco

TODAYonline - 
SINGAPORE - Mr Michael Bloomberg's (picture) charitable foundation will commit US$220 million (S$278 million) over the next four years to fight tobacco use, including for the funding of legal challenges against the industry.

Use WHO FCTC to Defend Against Tobacco Industry

Scoop.co.nz (press release) - 
SINGAPORE, 21 March 2012 - Full implementation of the WHO Framework Convention on Tobacco Control (WHO FCTC) - particularly provisions on countering tobacco industry influence - is necessary to protect people from the harms of tobacco use.

UN Headquarters Undergoing Asbestos Abatement

Seedol.com (blog) - 
Like many older buildings, the United Nations headquarters in New York City still contains potentially dangerous asbestos products that are only now being removed as part of a $2 billion renovation project.

The scent of celebrity

BusinessWorld Online Edition - 
It is one thing to want to look like popular personalities John Lloyd Cruz, Kris Aquino, Sam Milby or Gretchen Barretto. But perfume retailers in the country are betting big bucks that their fans want to smell like them, too.

Early warning for heart attack?

Globe and Mail - 
US researchers say they have developed a blood test that can pinpoint people who are in imminent danger of a heart attack - giving doctors days or possibly a few weeks to take preventive action.

Doctors offer pizza for vasectomy

Tempo - 
Doctors in the US has come up with an interesting way to get men to have a vasectomy by offering a free pizza and telling them they'll be able to watch basketball while recovering.

Brazil tightens quality controls on breast implants

Baltimore Sun (blog) - 
BRASILIA (Reuters) - Brazil will introduce tightened controls on sales of breast implants including lot-by-lot testing, the government said on Thursday, after thousands of defective French implants were sold in the country and across Latin America.

High School Wrestler Overcomes Cerebral Palsy

Seedol.com (blog) - 
Children who have sustained birth injuries often go on to do remarkable things. Andrew Dubowsky is an example of this phenomenon. Dubrowsky is an ambitious high school freshman from Kearney, Nebraska.

Healthy Hollywood: Ask Keri - Banish Belly Fat!

Yahoo! Philippines News - 
Nutritionist Keri Glassman, who regularly shares her expertise on Access Hollywood and Access Hollywood Live, is answering your nutrition, diet, and health questions.

Cure for baldness?

msnbc.com - 
A report published Wednesday in Science Translational Medicine demonstrated that blocking a prostaglandin receptor present in bald scalps allows hair to grow.

Sandoz recalled mislabelled morphine from across Canada

The Province - 
By Sharon Kirkey, Postmedia News March 22, 2012 3:56 PM Sandoz Canada Inc. - the drug company at the centre of a drug shortage crisis - is recalling its morphine from across the country after a box labelled morphine was discovered also containing a ...

Scientists get to the bottom of what wiped out Australia's ancient gentle giants

Brisbane Times - 
The reasons behind the demise of the giant animals that once roamed the continent - such as rhinoceros-sized diprotodons, towering kangaroos, marsupial lions and birds twice the size of emus - have long been hotly debated, with hunting, the human use...

Study: Obesity may lower cognitive function for aging adults

CBS News - 
(Credit: IStockPhoto) (CBS News) Older adults who a high body mass index (BMI) and a big belly may have less brain power, according to Korean study.

Oxford researchers find new benefits of aspirin

Oxford Student - 
By Matt Stokes | Last updated: 22:45, 22/03/2012 Three new studies carried out at Oxford's Nuffield Department of Clinical Neurosciences have provided further evidence of the effect of aspirin in fighting cancer.

New study says pregnancy is safe, even beneficial, for women recovering from ...

Lifesite - 
by Thaddeus Baklinski VIENNA, Austria, March 22, 2012 (LifeSiteNews.com) - New research presented at the eighth European Breast Cancer Conference (EBCC-8) in Vienna yesterday contradicts advice previously given to breast cancer patients that pregnancy ...

Paraplegic Bungee Jump (Video)

Long Island Press - 
By Jessica Sinclair on March 22nd, 2012 Bungee jumping is not for the faint of heart, and is something only a few get to experience in their life.

Warm Temps Trigger Early Allergy Season

KOLO - 
The sunny skies and warm temperatures made it a great day to get outside. Unless you have allergies. And so far, this hasn't been an easy year for allergy sufferers.

Israel: no more Photoshopping models without disclosure

CNET Australia - 
By Elizabeth Armstrong Moore | March 23, 2012 A law passed late Monday in Israel is not only banning underweight models from appearing in local advertising, it's also requiring publications to disclose when models - male or female - have been digitally ...

Antidepressants linked to high blood pressure in pregnancy

WebMD.Boots.com - 
Taking an antidepressant while pregnant may increase a woman's risk of high blood pressure, a study shows. But we need more research to confirm this.

Marijuana-Like Compounds Fight AIDS, Study Finds

Huffington Post - 
Marijuana-like drugs can do more for AIDS patients than simply help them with their nausea or loss of appetite, according to a new study.

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