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Monday, April 30, 2007 |
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Suspension blamed on
fuel shortage
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Napocor suspends
power sale discounts |
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By Euan Paulo C.
Añonuevo, Reporter
STATE-OWNED
National Power Corp. (Napocor) is suspending its one-day power sales
(ODPS) program due to fuel shortages at two of the Philippines’
biggest generating plants.
The ODPS is a
scheme whereby heavy electricity users can buy excess power from
Napocor at discounted rates. Purchases made through the program
would allow buyers to enjoy discounts of from 10 percent to 20
percent off the tariff approved by the Energy Regulatory Commission.
The program, which allows for the daily public bidding for the
surplus energy online, is popular among factories that count power
as one of their biggest costs.
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Masinloc sweetener
proposed
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A SUPPLY contract based on
average daily load may be attached to the Masinloc coal-fired power
plant to secure investor interest in the facility, which will be
auctioned off in July.
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Fresh Philippine
borrowings in first quarter reduced in half
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THE Philippine government reduced
its first-quarter borrowings by half, according to the Department of
Finance.
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BSP warns public
vs. anomalous deposits
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THE Bangko Sentral ng Pilipinas (BSP)
said it has uncovered a number of anomalous deposit accounts under
the names of prominent government officials...
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4 companies set
sights on North Harbor deal
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FOUR local companies have
expressed interest in bidding for the country’s biggest and
busiest seaport serving domestic cargo and passenger traffic, the
Philippine Ports Authority (PPA) said.
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Metrobank profit
up by nearly a third
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METROPOLITAN Bank & Trust Co.
(Metrobank) said its first-quarter profits rose by nearly a third,
as the Philippines’ largest bank by asset size plans to sustain
its growth this year by raising low-cost funds...
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Chinese traders
eye aqua ecozone
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CHINESE businessmen are eyeing to
put up an aquaculture economic zone in Mindanao, the Department of
Trade and Industry said.
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PSE may seek
extension for limits on brokers’ stake in bourse
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THE Philippine Stock Exchange (PSE)
may ask for an extension of a deadline set in the Securities
Regulation Code (SRC) that limits brokers’ ownership of the local
bourse.
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Cheap credit, OFWs
seen to lift economy
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BANKING sector analysts polled by
the Bangko Sentral ng Pilipinas (BSP) said cheap credit and private
consumption will boost the economy while a strong peso and lower oil
prices will keep inflation at low levels.
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Isuzu raises
sales goal after first-quarter rise
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ISUZU Philippines Corp. (IPC) has
raised this year’s sales forecast following the automotive
industry’s double-digit growth in the first quarter.
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Nat’l Bookstore
may close stand-alone units
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NATIONAL
Bookstore may opt to close stand-alone branches, or those not housed
in shopping malls.
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Globe presses
case against Smart, Piltel
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GLOBE Telecom Inc. is pressing
for a complaint it filed against a promotional offering made by
rivals Smart Communications Inc. and Pilipino Telephone Corp. (Piltel).
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BEYOND THE BUZZWORDS
By Reylito
A.H. Elbo
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Customer service
2: Customer is still king in Japan
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IN Japan, where I spent my recent
15-day business and pleasure trip this April, I ran into the problem
again of comparing with what we’re enduring in the Philippines and
what the Japanese enjoy in their homeland.
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MANAGING FOR SOCIETY
By Rene F. Concepcion
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‘Impossible’
numbers
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The first ranked country in terms
of tourists is France, which welcomes 67 million visitors per year.
The United States is second with 47 million, and the Philippines
falls a far, far 37th place at two million per year.
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