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Friday, April 20, 2007 |
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Bangko Sentral keeps
interest rates steady |
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By Maricel E. Burgonio Reporter
BANKS’ overnight deposits with
the Bangko Sentral ng Pilipinas will continue to earn the existing
rate, after the Monetary Board on Thursday decided to keep its
policy rates steady despite inflation easing to 20-year lows.
The BSP has maintained its
overnight borrowing and lending rates at 7.5 percent and 9.75
percent, respectively, since October 2005.
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BIR mulling new
scheme to boost corporate tax collections
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THE Large Taxpayers’ Services
of the Bureau of Internal Revenue (BIR-LTS) plans to adopt a scheme
that relieves good corporate taxpayers from strict government
scrutiny.
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Robinsons set to
expand mall operations outside Metro Manila
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ROBINSONS Land Corp. (RLC) on
Thursday announced that it will expand its mall operations both
within and outside of Metro Manila, with the property developer
eyeing six new shopping centers.
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SunPower to jack
up solar-cell production
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Santa Rosa, Laguna: SunPower
Philippines will expand by fivefold its solar-cell-manufacturing
business in the country due to strong demand abroad.
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Asia Brewery to
raise funds via share-sale for expansion
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Asia Brewery Inc., the beverage
arm of the Lucio Tan group, plans to finance its expansion in the
Asian region with an initial public offering next year.
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SBMA wants to
cancel sanitary landfill deal
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The Subic Bay Metropolitan
Authority wants to cancel a sanitary landfill project in the
free-port zone owing to an increase in costs.
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Plastics firms bat
for low tariffs
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The Philippine Plastics Industry
Association Inc. (PPIAI) on Thursday sought government’s
intervention in bringing down the tariff of polyethylene from most
favored countries.
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ICTSI may join
Batangas port bid
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INTERNATIONAL Container Terminal
Services Inc. may bid for the 25-year international cargo-handling
contract at the Port of Batangas, the company announced following
its stockholders’ meeting Thursday.
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Making dimsum
business work for you
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From a simple backyard operation, Cantonese Dimsum
House has grown a lot.
Cantonese Dimsum House started as a business selling frozen dimsum
products like siomai, shark’s fin dumplings, pork dumplings...
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