As for those old-timers? Well, the two nearby hotels have snapped them up.
That kind of tax exemption is given only to hospitals which are affiliated to the medical school of a university. In short, the tax exemption is given because the imported machines will be used by students during their medical studies.
As everybody knows, Sto. Tomas Hospital hasnt been affiliated to the University of Sto. Tomas for quite some time now. Okay, so some of the Dominican fathers who manage UST are incorporators of the hospital but, hey, they are not the school.
Because if they are, how come that hospital no longer has a charity ward?
The P20 billion is the additional capital the bank will receive from government by mid-June (or end-June at the latest).
If properly channeled, the money will make the bank more competitive in terms of buying new technologies and of increased training for existing manpower. (As the countrys first universal bank, there was a time when the bank was very much in the loop.)
If improperly channeled, the money can always bankroll more board meetings and, uh, on-site client meetings in Paris and New York.
As everybody knows, Cocobank chairman and chief executive officer Edward Go has wanted out for some time.
The three-man committee, who will decide Eddie Gos replacement as well as other very senior appointments in Cocobank, is made up of Finance Secretary Jose Isidro Camacho, Philippine Deposit Insurance Corp. president Ricardo Tan, and Presidential Commission on Good Government chairman Haydee Yorac.
Lito Camacho will report back for work this coming Monday, June 9.
On the downside, executives of these UN agencies have been complaining about the executive lounge, which offers so-so food and service so bad that some of the diners have had to stand up and tap the shoulders of waiters just to get their bills.