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Judging
from the mid-2005 deed of donation executed by
University of Sto. Tomas Inc. in favor of UST Hospital
Inc., the prospects of the spun-off hospital are clearly
encouraging.
Here’s
the assets breakdown: Cash of P45 million, accounts
receivables of P173 million, inventory of P63 million,
prepaid expenses of P16 million, and property and
equipment of P129 million. Liabilities covered accounts
payables of P296 million and income tax payable of P2.5
million.
The
hospital also held receivables of P23 million and
payables of P28.4 million, both from UST.
Oh yes,
funds held in trust amounted to P29.3 million.
*****
Did you
know 1:
Securities and Exchange commissioner Jess Martinez finds
time to drop by almost daily at luxury car distributor,
PGA Cars, which is majority owned by Robert Coyuito.
Hey, the food is good and the conversation isn’t bad
either.
Did you
know 2:
There are more than 10,000 overseas Filipino workers
currently based in battle-torn Iraq, up from 7,000 when
truck driver Angelo de la Cruz was kidnapped and
eventually released.
As
everybody knows, the Philippine government discourages
OFWs from going to Iraq (read: it says so in every
Philippine passport) but many OFWs who have completed
their contracts in Dubai and Kuwait, nevertheless, head
for Iraq instead of coming home because of the
attractive pay.
Did you
know 3:
Just to make sure it gets its message across and with
lots of money to spare anyway, Pilipinas Shell Petroleum
Corp. headed by country chairman Edgar Chua placed ads
in newspapers yesterday that it is complying with the
Biofuels Law of 2006.
Basically, the law, which takes effect today, requires
the nationwide sale of a biodiesel mix of 1 percent
coconut methyl ester to consumers.
*****
Here’s
interesting data from the Land Transportation Office
headed by retired general Leandro Mendoza. Since 2001,
LTO has further subdivided the number of passenger buses
for hire to cover shuttle buses, school buses, and
tourist buses.
Here are
some observations:
·
There
are now significantly less companies willing to offer
shuttle services as an employee benefit;
·
The
number of tourist buses peaked in 2005 at 1,371 and is
now back to the same level as 2001 at the 750 range; and
·
The
number of school buses have, likewise, declined although
at a much slower pace than tourist buses. School buses
reached the 2,400 level in both 2002 and 2004 and is
currently at 1,288, either because student- riders have
transferred to nearer and/or cheaper schools or because
student-riders use cheaper forms of transportation.
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