Tuesday, May 27, 2008

20080527_live at 55

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At PLDT's launching of their Asia America Gateway (AAG) fiber cable network, President Gloria Macapagal-Arroyo vowed on Tuesday to continue providing businesses with a “friendly environment.” Arroyo says she is confident that the voting public will acknowledge the sustainability of her administrations reforms in the long term. The AAG project is a $550-million, 20-kilometer long fiber optic cable network that will connect Malaysia, Singapore, Thailand, Brunei Darussalam, Vietnam, Hong Kong, the Philippines, Guam, Hawaii, and the US West Coast. The AAG will provide added protection from disruptions like the 2006 earthquake that caused massive interruptions of telecommunication services to corporate and retail customers across the region. Of the total cost, PLDT will spend $50 million. Arroyo said investments in communications such as the AAG network help boost the economy and helps avert too much government spending. How is it good for the rest of us? PLDT chairman Manuel Pangilinan said the project will not only serve large corporations but medium entrepreneurs who need Internet access.

STILL IN BUSINESS AFFAIRS, The dollar was slightly weaker in subdued Asian trade Tuesday as traders fretted about high oil prices and the state of the US housing market. The dollar slipped to 103.35 yen in Tokyo morning trade from 103.43 in European trade on Monday. The euro firmed to 1.5790 dollars from 1.5750 and to 163.20 yen from 162.89. Investors kept a close watch on oil prices which last week hit a record high above $135.00 a barrel on concerns about tight supplies and strong demand. Recent market optimism about the possibility of a recovery in the US economy has given way to renewed concerns about the outlook with the US dollar being pressured in recent days by worries that high oil and commodity prices could weigh on consumer spending in the US economy and hit corporate profits, hindering an economic recovery. Activity was muted as players waited for fresh leads after a long holiday weekend in the United States and Britain on Monday. Meanwhile, figures on euro zone consumer prices, German retail sales and Japanese inflation are set to be released Friday.

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Saying that patent applications provide a good indicator of the country's technological innovation, the Intellectual Property Office (IPO) of the Philippines urged local universities and research and development institutions to patent good ideas, and not be content in merely publishing them in academic papers. Records of the IPO showed that about 97 percent of the patents applied for and granted by their office belonged to foreign applications, while the rest belonged to Filipinos. Cristobal said the lack of knowledge and understanding of the IP system has been seen as one of the factors hindering patenting in the country. He stressed that the prevailing culture of "publish or perish" remained in local universities and RDIs, encouraging most scientists and researchers to publish their work in scientific and technical journals to maintain tenure rather than develop their work and obtain IP protection through patents. Cristobal also pointed out the absence of a sound IP policy in the community as another factor hampering patenting in the local universities.

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Canada's foreign minister has resigned after he admitted leaving classified documents in an unsafe place. Maxime Bernier's resignation has been accepted by Canada's Prime Minister Stephen Harper. He said Canada's International Trade Minister, David Emerson, would serve as interim foreign affairs minister. Mr Bernier had been criticised in recent weeks amid allegations that a former girlfriend had relationships with men connected to organized crime. The girlfriend later disclosed during a TV interview that Bernier had come over to her place and forgotten a document there, which she later returned to the governmtne via a lawyer. It has not been revealed what the document contained, nor whether any other party saw it. What's more, she was officially designated as Bernier's spouse so she could join him on official trips overseas. But her earlier connection with motorcycle gangs did not become public knowledge until later, and the couple reportedly broke up some months ago. [BBC]

455 Filinvest. We build the Filipino dream.
Following the latest P1 fuel price increase, several transport groups in Cebu will now seek a P2.50 fare increase for jeepneys instead of their original P1.50 demand.Following the latest P1 fuel price increase, several transport groups in Cebu will now seek a P2.50 fare increase for jeepneys instead of their original P1.50 demand.Following the latest P1 fuel price increase, several transport groups in Cebu will now seek a P2.50 fare increase for jeepneys instead of their original P1.50 demand. If it's granted by LTFRB, us commuters will be paying P8.50 for a ride. The P2.50 increase was a joint decision for the transport groups who met about this last Saturday. The increase was the 11th this year, bringing the prices of premium unleaded gasoline to between P49.17 and P53.65, diesel to between P41.41 and P46.50 and kerosene to between P46.80 and P52.30 a liter.

TECH. Web users are reportedly getting selfish and ruthless, says a research study done by usability guru Jakob Nielsen. The findings were part of Nielsen's annual report onm web habits which says that web users these days simply to reach a site quickly, complete a task and leave, instead of the dawdling we usually expect. Most ignore efforts to make them linger and are suspicious of promotions designed to hold their attention. Nielsen says this may be because web designs have become better but also users have become accustomed to that interactive environment, making them very resistant to highlighted promotions or other editorial choices that try to distract them. Web users were also getting very frustrated with all the extras, such as widgets and applications, being added to sites to make them more friendly. Such extras are only serving to make pages take longer to load. There has also been a big change in the way that people get to the places where they can complete pressing tasks.

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