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Monday, April 09, 2007 |
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BSP expects foreign reserves at fresh
record
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World Bank warns of
another asset bubble |
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By Darwin G. Amojelar, Reporter
THE Philippines’ rising
foreign-exchange reserves risk an overheating economy and an asset
price bubble, according to the World Bank.
The multilateral lender issued
this warning as the Bangko Sentral ng Pilipinas announced that the
country’s gross reserves, which have registered fresh record highs
every month, may end higher than last year.
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Exports slowdown
seen to cut RP growth
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THE World Bank sees slower
economic growth for the Philippines this year and next as the
country’s biggest export market, the United States, as well as
regional trade are projected to ease.
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Post-holiday
upside swing for local bourse
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THINGS are looking up for the
local bourse this week given the four-day climb in the Philippine
Stock Market index (PSEi) before closing for the Holy Week break
last Wednesday, analysts said.
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Study cites
Customs leakage
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The government lost billions of
pesos in forgone revenues due to inefficient collections at the
Bureau of Customs, according to a recent study by the Department of
Finance.
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TA Oil prepares
warchest for Masinloc plant bidding
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TRANS-ASIA Oil and Energy
Development Corp. (TA Oil) expects to allot at least half a billion
dollars for capital expenditures this year for the purchase of the
Masinloc coal-fired power plant.
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Financing launched
for renewable energy
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THE Department of Energy (DOE)
and the United Nations Development Programme (UNDP) have launched
three pilot financing programs to support renewable energy projects
in the country.
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Equipment
improvements for Batangas Port set for November
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THE Philippine Ports Authority (PPA)
said the cargo-handling equipment needed for the Batangas Port is
scheduled to be delivered in November.
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BSP plans ratings
for trust funds
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The Bangko Sentral ng Pilipinas (BSP)
is preparing a rating system for banks’ trust units to strengthen
regulation on their products.
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Maynilad to
collect more from pilferers
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Maynilad Water Services Inc.’s
rewards program on illegal water activities from August to December
last year has netted the company millions of pesos in under
collection.
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Ayala Land eyes
residential, BPO facilities at Yulo estate
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Ayala Land Inc. (ALI) is
developing a mixed-use campus in the old Yulo estate in Canlubang,
Laguna, where a number of residential and business process
outsourcing (BPO) facilities would rise this year.
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Seair seeks open
skies policy in Clark
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SOUTH EAST Asian Airlines (SEAIR)
said the restrictive policy on foreign airlines at the Diosdado
Macapagal International Airport (DMIA) in Clark has constrained the
entry of more foreign tourists.
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Globe, BayanTel
want PT&T ejected from assigned frequency
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TWO telecommunication companies
have asked the National Telecommunications Commission (NTC) to order
PT&T to vacate an assigned frequency to avoid interference.
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GMA to expand
regional network
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GMA Network Inc. said it is
setting aside hundred millions of pesos to finance its regional
expansion.
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MANAGING FOR SOCIETY
Dennis Berino
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One million trees
and beyond
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It has been said that the very
technology that has enabled man to manipulate and control nature has
also polluted our environment and rapidly depleted our natural
resources.
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BEYOND THE BUZZWORDS
By Reylito
A.H. Elbo
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Primal
leadership: Japan’s money is everything
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I’VE been
overly concerned about my fortune of receiving an all-expenses paid
trip to Japan, three times in a row these past 10 months. But if
you’re in my 3-year-old Florsheim, how could you refuse the
generosity...
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