Brief Business Briefing

No, it isn’t true: Says the very manufacturer of the now-banned-in-the-Philippines White Rabbit Creamy Candy about its alleged formaldehyde content, blaming counterfeiters for producing the contaminated sweets. Talk about the shoe being on the other foot! Meanwhile, Chinese officials blame the foreign media for “hyping [China's] food-safety woes.”

Your tax pesos at work for you: Congressmen get P1M more for travel. Is this a tactic employed by House speaker Rep. Jose de Venecia to hang on to his post in the face of attempts to unseat him?

Another Cabinet secretary quits his post, in this case energy secretary Raphael Lotilla after 22 years of government service, but in the ensuing game of musical chairs, guess who got appointed to the environment and natural resources portfolio? Some are hopping mad.

Pinoy Tech Blog is rather alarmed that the unlimited SMS promotions conducted by Philippine mobile telcos are helping all sorts of scamsters and confidence men perpetrate their crimes. Another argument for pre-paid SIM card registration, if you ask me.

Want to know what – and how – young Filipinos are spending their time online? Read a summary of the Young Filipino Internet User’s Report 2007, courtesy of Janette Toral, who also writes about online payment options available for Philippine Internet merchants.

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