June 15, 2022
World Competitiveness Ranking 2022
Source BusinessWorld
Competitiveness index: PHL moves 4 places up
BusinessMirror, June 15, 2022
Andrea E. San Juan
The Philippines moved four notches up in the 2022 World Competitiveness Yearbook, as it saw improvements in its economic performance...
PHL seen to expand 6% this year
BusinessWorld, June 15, 2022
TJT
The Philippine economy is likely to expand by 6% this year, taking into account the headwinds that would likely affect growth, incoming Socioeconomic Planning Secretary Arsenio M. Balisacan said...
Cutting infrastructure spending will hurt economy’s recovery, DoF says
BusinessWorld, June 15, 2022
The Government should not reduce infrastructure spending as this may hurt the economy’s recovery, the Finance department said...
Covid cases up by 53% in NCR
The Manila Times, June 15, 2022
Red Mendoza
Coronavirus disease 2019 (Covid-19) cases had been increasing by as much as 53 percent in the National Capital Region (NCR or Metro Manila) over the past week, but independent tracker OCTA Research said there is no need to reimpose stronger restrictions like lockdowns...
Japan think tank sees rosy picture for PH GDP, but risks for all of Asean-4
Philippine Daily Inquirer, June 14, 2022
Ben O. de Vera
A slowing Chinese economy and the stringent “zero COVID-19” policy on the mainland risk economic recovery in Asean-4, although the think tank Japan Center for Economic Research (JCER) kept its 2022 growth forecast for the Philippines at 7.1 percent—the highest in the region...
Concepcion: No need for higher alert levels
The Manila Times, June 15, 2022
Catherine S. Valente
Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd said Tuesday that alert levels should not be escalated even if Covid-19 cases surge as long as the country's hospital capacity rate remains low...
'Mandatory use of face masks prevails'
The Manila Times, June 15, 2022
Catherine S. Valente
The resolution of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) on the mandatory wearing of face masks shall prevail over executive orders issued by local government units, Malacañang said Tuesday...
Cebu board reinforces governor’s defiance of mask rule
Philippine Daily Inquirer, June 15, 2022
Dale G. Israel, Dexter Cabalza
Gov. Gwendolyn Garcia’s controversial order last week making the wearing of face masks optional in open spaces has been adopted by the provincial board as an ordinance...
PNP exec: Suspend all permits to carry firearms in view of new admin’s inaugurations
Philippine Daily Inquirer, June 14, 2022
Gabriel Pabico Lalu
A Philippine National Police (PNP) official has requested for the suspension of all permits to carry firearms in preparation for the inaugurations of President-elect Bongbong Marcos and Vice President-elect Sara Duterte-Carpio, to ensure security of their respective programs...
CHED mulling partial lifting of moratorium on nursing study
Manila Standard, June 14, 2022
The Commission on Higher Education (CHED) discloses it is looking at selective lifting of the ban on new nursing courses...
PH develops low-cost feeds for milkfish, tilapia – DA
Philippine Daily Inquirer, June 14, 2022
John Eric Mendoza
The country has developed low-cost alternative feeds for milkfish (bangus) and tilapia using byproducts of agricultural and poultry products, the Department of Agriculture (DA) said Tuesday...
Instagram beefs up child protection measures
ABS-CBN News, June 14, 2022
Agence France-Presse
Social media giant Meta said on Tuesday it was rolling out a slew of measures to boost the safety of young users on its Instagram platform, the latest firm to address the issue...
PHL backs WTO fund for fisheries subsidies
BusinessMirror, June 15, 2022
Jasper Y. Arcalas
The Philippines backs the creation of a World Trade Organization (WTO) fund that would support developing countries’ capacity to implement the draft agreement on fisheries subsidies...
PHL start-up ecosystem value up at $2.1B–GSER
BusinessMirror, June 15, 2022
Andrea E. San Juan
The 2022 Global Start-up Ecosystem Report (GSER) revealed that Manila’s Ecosystem Value strongly improved this year at $2.1 billion from $548 million last year...
Build more installations in WPS to enforce control – Carpio
Philippine Daily Inquirer, June 15, 2022
Marlon Ramos
Retired Supreme Court Senior Associate Justice Antonio Carpio on Tuesday suggested building permanent civilian installations at Ayungin (Second Thomas) Shoal and other parts of the West Philippine Sea (WPS) to enforce Philippine control over its waters...
PHL borrows P17.39 billion from China
BusinessMirror, June 14, 2022
Bernadette D. Nicolas
The Philippines borrowed 2.34-billion renminbi (about P17.39 billion or $362 million) from China to fund the construction of a 2-way, 4-lane bridge expected to cut travel time from Davao City and the City of Samal in Mindanao...
Keep off Ayungin shoal, China warned
The Manila Times, June 15, 2022
Francis Earl Cueto
Defense Secretary Delfin Lorenzana has warned that not even China can stop Philippine troops from conducting resupply missions to the Ayungin (Second Thomas) Shoal, after Chinese Coast Guard allegedly blocked recently the entrance to the underwater sandbank in the South China Sea or SCS (West Philippine Sea)...
Germany to welcome more PHL nurses, hotel workers
BusinessMirror, June 15, 2022
Malou Talosig-Bartolome
This after Philippine Labor Secretary Silvestre Bello III and Germany’s Federal Health Secretary Dr. Karl Lauterbach signed a Memorandum of Understanding that will further facilitate the entry of Filipino healthcare professionals to Germany through private sector recruitment...
PHL clears sugar imports from Thailand as prices rise
BusinessMirror, June 14, 2022
Jasper Y. Arcalas
The Sugar Regulatory Administration (SRA) has cleared the importation of 6,485 MT of bottler’s grade refined sugar and 11,809 MT of premium refined sugar, all coming from Thailand, the world’s second largest exporter of the sweetener...
U.K. keen on seeing PHL join RCEP, says exec
BusinessMirror, June 14, 2022
Andrea E. San Juan
The British Chamber of Commerce Philippines (BCCP) said the United Kingdom is keen on the Philippines joining the Regional Comprehensive Economic Partnership (RCEP) because they want to engage with the trade bloc...
IPEF expected to boost supply chain, green energy industries
BusinessMirror, June 14, 2022
Revin Mikhael D. Ochave
The Department of Trade and Industry (DTI) said the US-backed Indo-Pacific Economic Framework (IPEF) is expected to boost trade and investment, particularly in the supply chain and green energy industries...
More Filipinos trust news but many avoid it – Digital News Report 2022
Philippine Daily Inquirer, June 15, 2022
Yvonne T. Chua
The overall trust in news among Filipinos has risen, putting the Philippines among the few countries that have furthered gains made at the peak of the COVID-19 pandemic...
Japan extends 1.8B yen to beef up Bangsamoro's socioeconomic infra
CNN Philippines, June 14, 2022
CNN Philippines
The Japanese government hopes to further promote the peace process in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) through a 1.8 billion yen grant for the region's socio-economic infrastructure...
Zelensky pleads for arms as Russian forces advance
Manila Standard, June 15, 2022
Agence France-Presse
Russian forces on Tuesday stepped up efforts to cut off Ukrainian troops in the key industrial city of Severodonetsk in the east of the country despite Ukrainians insisting they were holding on...
WHO to assess if monkeypox an international health emergency
Manila Bulletin, June 15, 2022
Agence-France-Presse
The World Health Organization said Tuesday it would hold an emergency meeting next week to determine whether to classify the global monkeypox outbreak as a public health emergency of international concern...
US panel recommends Moderna Covid vaccine for children six and up
Philippine Star, June 15, 2022
Agence France-Presse
A panel of US medical experts on Tuesday recommended the Moderna Covid vaccine for use in children aged six through 17...
Rising prices stoke Asia slowdown fear
Daily Tribune, June 15, 2022
Komfie Manalo and Edjen Oliquino
Recession looms large as Asia-Pacific economies fear inflation may reach double digits in some parts of the region primarily as a result of global supply chain disruptions and the oil price shock...
Top US, Chinese national security figures hold 'candid' talks
The Manila Times, June 14, 2022
Agence France-Presse
The top Chinese and US security advisers have held lengthy talks, with both sides describing them as "candid" following days of acrimonious exchanges over Taiwan and other flashpoint issues...
Russia is 'hemorrhaging' millionaires
CNN Philippines, June 15, 2022
Anna Cooban, CNN Business
Millionaires are leaving Russia in droves after the country invaded Ukraine and the West imposed sanctions. Almost three times as many Russian millionaires are expected to leave the country this year than in 2019, the year before the pandemic, according to a report by Henley & Partners, a company that helps wealthy clients move abroad...
Russian opposition leader Navalny moved to high-security penal colony
Rappler, June 15, 2022
Reuters
Alexei Navalny, Russia’s most prominent opposition leader, has been abruptly moved from the prison where he was serving an 11-1/2 year sentence to a high-security penal colony farther from Moscow...
Canada lifts COVID-19 vaccine mandate for domestic, outbound travel
ABS-CBN News, June 15, 2022
Agence France-Presse
Canada's COVID-19 vaccination requirement for domestic and outbound travelers, as well as federal bureaucrats and transportation workers, will be suspended starting next week, officials said Tuesday...
WTO goes green as climate change influences trade
Manila Standard, June 14, 2022
Agence France-Presse
The World Trade Organization’s boss insisted Monday that turning trade green was now urgent business, with the WTO putting climate change at the heart of its negotiations...
Flexiwork bid must consider government workers’ needs–Poe
BusinessMirror, June 14, 2022
Butch Fernandez
Senator Grace Poe prodded the Duterte administration Tuesday to lead the way in adopting “flexiwork” options for government workers, but stressed that the arrangement must first ensure its implementation will “not inflict injury to public service” in both national and local government units...
Duterte administration’s BP2 program benefits 15,215 Pinoys – NHA
BusinessMirror, June 14, 2022
Cai Ordinario
In a televised briefing on Tuesday, BP2 head Joy Bala said some 15,215 individuals were able to go home to their provinces through the NHA and the Department of Social Welfare and Development (DSWD)...
COA flags Pagasa for underspending 2021 budget
Philippine Daily Inquirer, June 15, 2022
Julie M. Aurelio
The state weather bureau spent only P1.09 billion or 57 percent of its P1.92-billion budget for programs and projects in 2021, due to failed biddings caused by complex technical requirements and specifications, limited number of participating bidders, and long procurement process...
OCTA sees Metro Manila COVID cases rising to 400 to 500 by end of June
Philippine Daily Inquirer, June 15, 2022
Kathleen de Villa, Nestor Corrales
The daily COVID-19 cases in Metro Manila could increase to as much as 400 to 500 by the end of June, the independent analytics group OCTA Research warned on Tuesday...
DoJ to continue prosecution of De Lima
The Manila Times, June 15, 2022
William B. Depasupil
Following a review of Sen. Leila de Lima's drug cases, a panel of prosecutors of the Department of Justice (DoJ) is convinced that "there is good reason" to continue the prosecution of the outgoing lawmaker for alleged drug trading...
DOH: Private health workers can claim allowances
Philippine Daily Inquirer, June 15, 2022
Kathleen de Villa
Private hospitals whose health workers are having problems getting their One COVID-19 Allowance (OCA) may coordinate with the Centers for Health Development for the fast distribution of the benefits, the Department of Health (DOH) said...
Pinoys must brace for global recession—solon
Manila Standard, June 15, 2022
Filipinos must tighten their belts to brace for the looming global recession in the coming months, a House leader warned on Tuesday...
Prioritize health sector, BBM urged
Daily Tribune, June 15, 2022
TDT
Medical groups are urging President-elect Ferdinand “Bongbong” Marcos Jr. to prioritize the health sector and increase the salaries of medical workers to prevent them from leaving the country...
Banks must develop new products to meet growing demand for credit
BusinessWorld, June 15, 2022
K.B. Ta-asan
Banks should develop more affordable products as unserved and underserved Filipinos expect their need for credit to increase in the coming years, which, a study conducted by information solutions firm TransUnion Philippines showed...
LANDBANK, SSS sign agreement on streamlined disbursements for members
BusinessWorld, June 15, 2022
T.J. Tomas
Land Bank of the Philippines (LANDBANK) and the Social Security System (SSS) have signed a memorandum of agreement for streamlined disbursements to SSS members and claimants...
OCTA backs flexi-work scheme amid rising COVID-19 cases
CNN Philippines, June 14, 2022
CNN Philippines Staff
The OCTA Research on Tuesday agreed that flexible work arrangement should be reconsidered amid the rise in COVID-19 cases in the country...
Batangas Port will be the largest gateway
Daily Tribune, June 15, 2022
Raffy Ayeng
The Batangas Port in Batangas City is gearing to be the country’s largest port after completing the Phase 2 B passenger terminal this year, the Department of Transportation said Tuesday...
‘Mount Bulusan tremors more than doubled
Manila Standard, June 14, 2022
Although the volcanic earthquakes recorded in Mount Bulusan for the past 24 hours are fewer than the previous day, the volcanic tremors detected have more than doubled, based on the Philippine Institute of Volcanology and Seismology’s (Phivolcs) record on Tuesday...
Duterte sorry for realizing ‘very late’ the negative effects of e-sabong on society
CNN Philippines, June 14, 2022
CNN Philippines Staff
Outgoing President Rodrigo Duterte on Tuesday apologized for realizing “very late” the negative effects of e-sabong or online cockfighting operations on society...
Ex-Comelec Comm. Guanzon formally seeks Congress post as P3PWD nominee
CNN Philippines, June 14, 2022
CNN Philippines Staff
Retired Commission on Elections (Comelec) official Rowena Guanzon has formalized her bid to become the first nominee of party-list Komunidad ng Pamilya, Pasyente at Persons With Disabilities (P3PWD) in the 19th Congress...
DILG maintains face mask mandate, says arrest of violators only 'last resort'
CNN Philippines, June 14, 2022
CNN Philippines Staff
The Department of the Interior and Local Government will continue to implement the policy which requires the wearing of face masks outdoors, with an official clarifying that authorities do not conduct immediate arrests of violators...
Public transport system on brink of ‘collapse’ due to high fuel prices
BusinessWorld, June 14, 2022
Kyle Aristophere T. Atienza
The supply of public transport is deteriorating as operators see their margins eroded by high fuel prices, an advocacy group said, making it a matter of urgency for the government to prepare measures that will encourage “active transport,” including the construction of bicycle lanes and walking corridors...
British Chamber urges caution on new taxes
BusinessMirror, June 14, 2022
Andrea E. San Juan
The British Chamber of Commerce Philippines (BCCP) said the Philippines has to be cautious about imposing taxes as the economy is still recovering from the pandemic...
Marcos advised on economy
The Manila Times, June 15, 2022
Mayvelin U. Caraballo
Economic and political experts gave their recommendations on what President-elect Ferdinand "Bongbong" Marcos Jr. should prioritize in his first 100 days during a forum held by the Integrated Development Studies Institute (IDSI) on Tuesday...
DoLE nominee Laguesma doubts feasibility of nat’l minimum wage
BusinessWorld, June 14, 2022
John Victor D. Ordoñez
Bienvenido E. Laguesma, who has been nominated to head the next government’s Labor department, said on Tuesday that a national minimum wage may not be possible because many small companies are still struggling to recover from the pandemic...
P8.2-billion cash aid given to rice farmers
The Manila Times, June 15, 2022
Eireene Jairee Gomez
The Land Bank of the Philippines (LandBank) and the Development of the Philippines (DBP) have facilitated the distribution of over P8.2 billion for the P5,000 in direct and unconditional cash aid each to over 1 million qualified small palay (unmilled rice) farmers from 2019 to 2021, according to data from the Department of Agriculture (DA)...
PSEi bucks regional slump amid US bear market
Philippine Star, June 15, 2022
Iris Gonzales
Blue chip stocks staged a recovery yesterday, although the overall market remain, depressed as regional equities slumped following Wall Street’s fall into bear territory...
San Miguel to open Bulacan gateway by Q1 2026
CNN Philippines, June 14, 2022
Lois Calderon
San Miguel Corporation (SMC) expects to begin commercial operations of its airport in Bulacan in less than four years’ time...
NEW ACQUISITION
Essentials of corporate finance, 10th edition, International student edition
by Stephen A. Ross; Randolph W. Westerfield and Bradford D. Jordan
Publisher: New York : McGraw-Hill Education, 2020
HG 4026 R683 2020 B-38488
Abstract: Essentials of Corporate Finance, 10e, focuses on what undergraduate students with widely varying backgrounds and interests need to carry away from a core course in business or corporate finance. The goal is to convey the most important concepts and principles at a level that is approachable for the widest possible audience. To achieve this goal, subjects are distilled down to its bare essentials (hence, the name of this book), while retaining a decidedly modern approach to finance. Also, understanding the "why" is just as important, if not more so, than understanding the "how" - especially in an introductory course. Readability and pedagogy are key. Essentials is written in a relaxed, conversational style that invites the students to join in the learning process rather than being a passive information absorber. Essentials downplays purely theoretical issues and minimizes the use of extensive and elaborate calculations to illustrate points that are either intuitively obvious or of limited practical use. There are three basic themes visible throughout Essentials: emphasis on intuition/commonsense, a unified valuation approach, and a managerial focus.