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Business

At least 2 babies next year

NOT BUSINESS AS USUAL - Margaret Jao-Grey  -
Summit Publishing Co. publisher Liza Gokongwei-Cheng has two babies lined up for next year.

The first one, which is expected to be launched in the first quarter, is an IT magazine. The second one, which is co-produced by her husband, Breck Cheng, is coming out June or July.
* * *
Smart Communications, Inc. president Napoleon Nazareno probably does not know that the Smart Wireless Laboratory (which was officially opened last week) is usually closed for business.

Worse, nobody seems to know who’s the go-to guy or, at the very least, the guy who has the key to physically open the so-called incubator for students with bright wireless ideas.

The laboratory is located in the PLDT Convergence Bldg. inside the Ateneo de Manila University, the alma mater of PLDT president and chief executive officer Manuel Pangilinan.
* * *
With his resignation effective end of business this Friday, Finance Secretary Jose Isidro Camacho is not likely to do any more concerts for charity. The recent one produced by Beth Sison-Tagle had Lito Camacho reading the codigo or lyrics of a Pilipino song on the palm of his hand, a skill that students, even those studying in Harvard University, could find very useful.

Although he persuaded a lot of people (including his former Don Bosco high school classmate, Customs Commissioner Antonio Bernardo) to work with him in government, Mr. Camacho seems to have worked for the job security of only one. This is Undersecretary Inocencio Ferrer, who is being pushed to replace Insurance Commissioner Eduardo Malinis.

The well-regarded Mr. Malinis recently retired but has been asked to stay on, under a legal provision that allows up to two straight six-month extensions or a total of one year.

Mr. Ferrer’s family is a close political ally of the family of Mr. Camacho’s wife, Clara Acuna-Camacho. It doesn’t also hurt that Mr. Camacho used to work with one of Mr. Ferrer’s brothers in Deutsche Bank.
* * *
It looks like Clark Development Corp. president Emmanuel Angeles is buying an Italian radar after all for the Diosdado Macapagal International Airport.

As everybody knows, no plane can land at the international airport when visibility is low.

The radar project will be financed by the Italian export-import bank called SACE, with some help from its counterpart, Trade and Investment Corp. of the Phils., which is headed by Joel Valdes.

Mr. Valdes is currently in China, visiting factories which service the rail industry.

ANTONIO BERNARDO

BETH SISON-TAGLE

BRECK CHENG

CLARA ACUNA-CAMACHO

CLARK DEVELOPMENT CORP

CONVERGENCE BLDG

CUSTOMS COMMISSIONER

DEUTSCHE BANK

MR. CAMACHO

MR. FERRER

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