The Manila Times

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AIMING to improve the instruction of a major foreign language in public schools, the Department of Education (DepEd) has started sending high school teachers to Spanish language courses. Education Secretary Armin Luistro on Thursday said that selected teachers from various regions have already took up the summer training course on…

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In the country where I rule, visa priority is given to satirists, editorial cartoonists, sitcom writers, caricaturists, columnists with a sense of humor, comic-strip artists, stand-up comics, comedians, mimes and impressionists. In these 7,000 islands, impressionists are also called imitators or impersonators. In my country, an impressionist need not go…

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By Mayvelin U. Caraballo Reporter The national government’s fiscal deficit in the first quarter of 2013 reached P66.478 billion, the Bureau of Treasury (BTr) said on Thursday. In a statement, the bureau noted that the fiscal deficit from January to March was P7.397 billion lower than the programmed ceiling of…

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By Madelaine B. Miraflor Reporter With debt watcher Standard & Poor’s (S&) Ratings Services giving the Philippines its second investment grade rating, the possibility that the local stock market will trade within record high levels again starting today is now seen as feasible. In a statement, S&P said on Thursday…

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By Madelaine B. Miraflor Reporter Southeast Asia business conglomerate Siam Cement Group (SCG) made a record profit growth of 47 percent to P12.02 billion in the first quarter of 2013, on the back of its recent business restructuring and acquisition of a ceramics business in Vietnam. According to the company,…

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The Bank of the Philippine Islands (BPI) on Thursday reported on Thursday a 43-percent surge in its first quarter net income to P8.4 billion compared to the P5.8 billion registered during the same period last year. “With a strong Team BPI, we are confident that BPI will continue to move…

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Publicly listed port operator Asian Terminals Inc. (ATI) capped 2012 on a strong note with robust dividends from gross revenues of P4.86 billion and a net income of P1.68 billion. “These robust results were driven by the higher volumes handled by our international container and non-container operations in Manila and Batangas, as complemented by activities in Laguna and Mindanao,” said Kun…

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By Mayvelin U. Caraballo Reporter Moody’s Investors Service on Thursday said that the sale of the business process outsourcing (BPO) unit of Philippine Long Distance Telephone Co. (PLDT) is credit positive. In its latest credit outlook, Moody’s mentioned that PLDT announced the sale of its BPO operation to Asia Outsourcing…

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Independent oil player Eastern Petroleum Corp. is looking to open more oil terminals depending on the investment atmosphere in the country. This after the company announced that it is set to open its P1-billion oil terminal in Mindanao in mid-2014. Eastern Petroleum Chief Executive Officer Fernando Martinez said that the…