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Monday, April, 23 2007 |
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Big-ticket wind
energy
project risks scrapping |
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By Darwin G. Amojelar, Reporter
EVEN before it can take off, the
government’s wind energy program may run aground as a key project
in Ilocos Norte may be canceled.
Documents obtained by The Manila
Times show that the 30-megawatt Northern Luzon Wind Power Project
Phase 1, scheduled to be implemented as early as March 2002, was
hamstrung by a number of problems, including a failure in contract
bidding and an increase in project costs.
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Biofuels Law to
jack up prices
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PRICES at the gasoline pump are
likely to rise next month when the Biofuels Law takes effect,
according to industry sources.
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Power plants’
fuel lack to blame for blackouts?
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WAS it the unusually high
temperatures or fuel supply lack in three power plants that caused
last week’s four-hour power outage in sections of Metro Manila and
nearby provinces?
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Finance to push
anew for cut in tax perks
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THE Department of Finance will
push for the passage of a bill that reduces tax perks granted
investors even after the Thirteenth Congress failed to pass the
measure before going on recess.
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Rehab of
Caloocan-Alabang railway to begin this year
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The multimillion-dollar
rehabilitation of the Caloocan to Alabang rail system will start in
September this year with the relocation of informal settlers nearing
completion, the Philippine National Railway announced.
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NTC meets revenue
target for last year
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THE National Telecommunications
Commission has met its collection goal last year, boosted by payment
of regulatory fees from 3G operators, the agency’s top official
said.
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Commercial banks
allowed to go micro
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The Monetary Board has allowed
commercial banks and universal/commercial banks to engage in
microfinance or lending to the entrepreneurial poor, BSP Governor
Amando M. Tetangco Jr. said.
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Philippine
rent-a-car business to expand operations in Micronesia
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One of the largest rent-a-car
companies in the Philippines is set to expand in Micronesian Islands
within the first half of the year.
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Total to sell LPG
to trikes
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Total Philippines Corp. (Total),
a unit of French oil company Total SA, plans to open the local
liquefied petroleum gas to the tricycle market.
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Bank merger
touted
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COMBINING Development Bank of the
Philippines (DBP) and Land Bank of the Philippines into one entity
would give the government more leverage in pushing private sector
banks to merge...
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IT firm bags
contract to secure PRC system
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Total Information Management
Corp., an information communication company, has obtained a contract
from the government to install the security management system of the
Professional Regulation Commission.
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Petron to spend
bulk of capex on petrochemicals
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PETRON Corp. has allotted the
bulk of its multibillion-peso capital expenditure this year to its
petrochemical business on the back of the success of its mixed
xylene project.
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Fil-Estate takes
out a loan for projects
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FIL-ESTATE Urban Development
Corp., a unit of the Fil-Estate group recently secured a loan from a
Hong-Kong based company for several of the group’s development
projects.
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Smart, LandBank
tie up
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SMART Communications Inc. and the
Land Bank of the Philippines have partnered to push for the use of
mobile commerce among overseas Filipino workers (OFWs).
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ATRKE Financial
to raise additional funds
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ATR KimEng Financial Corp.
announced that it would sell shares to a joint- venture company to
raise additional capital aimed at expanding the financial services
company’s business and pay existing debts.
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Universal Robina
to market bubble gum
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Universal Robina Corp., the food
and beverage arm of JG Summit Holdings Inc., has entered the chewing
and bubble gum business and is set to launch an entirely new line of
products in the next few months...
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MANAGING FOR SOCIETY
By Mirian Tan-Fabian
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Small-scale
mining in the Philippines: Where is it headed?
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For those of us who love fish,
this column might come as a shock. We ingest mercury along with the
fish we eat. The problem is, mercury is highly toxic, and
accumulates in our bodies with very little of it being excreted out.
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