NAIA Airport is the airport serving the general area of Manila and its surrounding metropolitan area. Located along the border between Pasay City and Parañaque City, about seven kilometers south of Manila proper, and southwest of Makati City, NAIA is the main international gateway for travelers to the Philippines and is the hub for all Philippine airlines.

Saturday, February 6, 2010

BUSINESS

&

FINANCE

Increased regulation for US banks?
January 22, 2010

Plans To Reform The Financial System
US President Barack Obama recently announced several plans to reform the financial system, leaving investors to worry about potential negative impacts on financial stocks.

* Major US banks turned in mixed performances for 4Q 09; accuracy of estimates were made more difficult by the TARP repayments by several banks
* Positive outperformance of bank profits overshadowed by concerns of an Obama-led clampdown on the sector
* The “Financial Crisis Responsibility Fee” has already met strong opposition from banking sector
* Sample calculations suggest a double digit percentage hit to annual net income for the largest financial institutions
* Further measures to reform the financial sector include clamping down on proprietary trading, as well as preventing further consolidation in the sector
* Stricter regulation to hurt banks, but likely to be milder-than-expected

Financial stocks were recently under pressure as investors digested a slew of earnings reports from the US banking sector. Unlike previous quarters where profits exceeded forecasts by huge margins, earnings were more mixed for 4Q 09. Citigroup, Bank of America and Morgan Stanley reported lower-than-expected earnings, while Wells Fargo, Goldman Sachs and JP Morgan surprised on the upside. Forecasts for 4Q 09 were made more difficult by the repayment of TARP (Troubled Asset Relief Programme) money by several banks, a one-off charge to the quarter’s earnings. read full story...

Posted by: Virginia Lentijas Diaz Roque @ 2:19 PM

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Philippines Light Rail Transit Public Transportation

The Manila Light Rail Transit System (Filipino: Sistema ng Magaan na Riles Panlulan ng Maynila),[citation needed] popularly known as the LRT, is a metropolitan rail system serving the Metro Manila area in the Philippines. Its twenty-nine stations over 28.8 kilometers (17.9 mi) of mostly elevated track form two lines. LRT Line 1, also called the Yellow Line, opened in 1984 and travels a north–south route. LRT Line 2, the Purple Line, was completed in 2004 and runs east–west.

The LRT is operated by the Light Rail Transit Authority (LRTA), a government-owned and controlled corporation under the authority of the Department of Transportation and Communications (DOTC). Along with the Manila Metro Rail Transit System (MRT, also called the Blue Line), and the Philippine National Railways (PNR), the LRT is part of Metro Manila's rail transportation infrastructure known as the Strong Republic Transit System (SRTS)

Stations

Santolan Recto Baclaran Monumento Cubao

The People Power Revolution was a series of nonviolent and prayerful mass street demonstrations in the Philippines that occurred in 1986. It was the inspiration for subsequent non-violent demonstrations around the world including those that ended the communist dictatorships of Eastern Europe.

A glimpse of Philippine culture through traditional dances and songs performed by some of the country's best dance groups.

In 1990, it was voted by the BMW Tropical Beach Handbook as one of the best beaches in the world

Barasoain Church (also known as Our Lady of Mt. Carmel Parish) is a Roman Catholic church built in 1630 in Malolos City, Bulacan.

Laguna de Bay (Filipino: Lawa ng Bay; English: Laguna de Bay is the largest lake in the Philippines and the third largest freshwater lake in Southeast Asia

Malacañan Palace, is the official residence of the President of the Philippines.