| Lamps supplier asks Ombudsman: Probe complainant
CEBU CITY -- A contractor of the multi-million-peso lampposts deal has turned the tables on Crisologo Saavedra, whose complaint provoked an anti-graft investigation on the allegedly overpriced purchase.
Engineer Dante Valencia, general manager of Gampik, asked the Office of the Ombudsman to investigate the Pelican Bay Group and Saavedra, its project manager, for its alleged failure to deliver 40 security cameras amounting to P79.9 million.
Pinoy Votes: Sun.Star Election 2007 Coverage
Saavedra, however, said that the Department of Public Works and Highways (DPWH) illegally rescinded his contract last November 29, because he did not give in to DPWH officials demand for a 15 percent kickback.
They are trying to justify the overpriced lampposts.
Asian businesses urged to be eco-friendly
Singapore: Business executives in Asia were warned Thursday of the urgent need to change practices contributing to global warming if they want to succeed in the Western marketplace. "Climate change is not a northern problem," said Achim Steiner, executive director of the UN Environment Programme (UNEP). "It touches on every sector."
More than 600 business leaders were attending the Global Business Summit for the Environment, the first major international conference on business and the environment in Asia .
The event was organized by the UNEP to raise corporate environmental responsibility by bringing companies together with the UN and other agencies.
"If you want to be a global player, these issues will affect your global competitiveness," Steiner said.
Students stage Aladdin play, with a few twists
Several students at McNab Elementary School are giving a new twist to an old tale by performing their own version of Aladdin and His Magic Lamp.
"It's not the Disney movie," said Kris Coffelt, who is directing the play. "People will still recognize the story, but we've added in some fun characters."
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Fairchild Semiconductor Reports Results for the First Quarter of 2007
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Fairchild Semiconductor (NYSE: FCS), the leading global supplier of power semiconductors, today announced results for the first quarter ended April 1, 2007. Fairchild reported first quarter sales of $402.6 million, down 3.7 percent from the prior quarter and 1.7 percent from first quarter of 2006, which included 14 weeks. These results include $5.1 million of revenue from the System General acquisition for the period of February 5, 2007 to April 1, 2007. Fairchild reported first quarter net income of $6.3 million or $0.05 per diluted share compared to net income of $8.7 million or $0.07 per diluted share in the prior quarter and a net income of $26.6 million or $0.21 per diluted share in the first quarter of 2006. Gross margin was 27.7 percent, 130 basis points lower sequentially and 220 basis points lower than in the first quarter of 2006.
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