P10-B available for small firms.
President Gloria Macapagal Arroyo yesterday urged small and medium enterprises (SMEs) to take advantage of the government infusion of P10 billion for promising enterprises. The President, who issued the call during the SMEs Forum on the National SME Agenda at the Metropolis Mall in Alabang, Muntinlupa City,...

Quovadx Hit by Delayed Indian Payments.
Platform and vertical software company Quovadx Inc has restated figures for the last two quarters of its 2003 financial year, and has delayed filing its annual report with the SEC as a result of problems collecting software license revenue from Indian partner Infotech Network Group. The revision...

Gov't limits rice imports to 8 ports.
Byline: MELODY M. AGUIBA The government has limited to eight ports the entry points for rice imports for 2003 estimated at not more than 800,000 metric tons (MT) in order to monitor more closely the smuggling of the good which has been prevalent due to the countrys...

Protecting corporate officers from lawsuits.
Top corporate officers and directors increasingly may find themselves named as defendants in complex and costly legal proceedings. While CEOs, directors, and senior officers of publicly held corporations seldom have been found personally liable for acts taken on behalf of the corporation, there is a growing trend toward targeting...

CALENDAR.
Byline: The Register-Guard Dexter WEDNESDAY Rural Fire Protection District Board - 7:30 p.m., Fire Hall, 82781 Barbre Road. Facilities update, strategic plan/goal setting. 937-3045 Eugene TODAY Emerald People's Utility District Board - 5:30 p.m., EPUD offices, 33733...

First Gen Hydro to hike capitalization to P1.9 billion.
Byline: Ana Marie Macuja First Gen Hydro Power Corporation, a wholly-owned unit of Lopez-controlled First Gen Corp., is increasing its authorized capital stock from P1 million to P1.931 billion. An application submitted to the Securities and Exchange Commission (SEC) showed the company will create an...

Oil firm loses bid to collect P50 M.
Byline: Rey G. Panaligan The Court of Appeals (CA) has denied the bid of Caltex Philippines Inc. to collect P50 million from Banco de Oro (BDO) for a standby letter of credit (SLC) which the bank issued in 2002 to a fuel product distributor who failed to...

Chinese win TransCo's Laguna project.
Byline: Myrna M. Velasco State-run National Transmission Corporation (TransCo) has inked a contract with Chinese firm Zhejiang Electric Transmission and Transformation Engineering Corporation for its transmission line project in Laguna. The Calamba Tower No. 50-Binan 230-kV Transmission Line Project was estimated to cost US$ 10.7...

One way to keep close to your customer.
Lobby traffic is down as growing numbers of consumers are banking through ATMs, their debit card and their PC. So, how do you maintain a close relationship with a customer who seldom comes to the bank? One way is through a program of written direct mail contacts....

DoJ rejects 'comfort letter' for TransCo concessionaire.
Byline: MYRNA M. VELASCO Prospects of a timely auction for the 25-year concession deal for the National Transmission Corporation (TransCo) is seen getting trounced with the refusal of the Department of Justice (DoJ) to issue a "comfort letter" to serve as a guarantee that the future concessionaire...