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Saturday, August 04, 2007 |
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Downtrend in
inflation to stay |
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By Maricel E. Burgonio Reporter
THE Bangko Sentral ng Pilipinas (BSP)
is sticking to its inflation forecast for this year, despite a
prolonged dry spell that may cause food prices to shoot up. Food is
the biggest item in the country’s benchmark basket of goods and
services, so any drastic change in its price would have an impact on
overall inflation.
BSP Governor Amando M. Tetangco
Jr. said the central bank will abide by its earlier forecast of
between 2.6-percent and 3.1-percent inflation for this year until
such time that monetary authorities get a firm assessment of the
impact of the ongoing drought.
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Stock market ends
‘wild’ week in the gutter
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PHILIPPINE share prices closed
lower Friday as continuing concerns over problems in the US home
loan market killed off an attempted rally, dealers said.
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Local game
develpers keen on ‘advergames’
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LOCAL game developers are setting
their sights on the lucrative global flash games for advertising, or
“advergames,” market.
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Full
Story>>
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Preneed June sales
inch up
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PRENEED plans sold in June grew
slightly year on year as sales of life products picked up.
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Story>>
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BDO Unibank gets
go-ahead for capital
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THE policymaking body of the
Bangko Sentral ng Pilipinas (BSP) has approved a plan by Banco de
Oro Unibank Inc. to raise additional capital for its expansion.
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China wrong on RP
banana chips—exporter
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CHINA hit the wrong item again,
Philippine banana chips exporters said Friday after a newswire
agency reported that the product had “excessive” sulfur dioxide.
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BPI may exceed
2007 profit goal
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THE Bank of the Philippine
Islands (BPI) said it may exceed its profit forecast this year, the
lender’s president said.
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Full
Story>>
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ABS-CBN to bail
out sister cable TV operator from debt
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ABS-CBN Broadcasting Corp. on
Friday offered to buy the debt of Central CATV Inc. so the
country’s largest cable television operator can pursue its growth
plans.
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Full
Story>>
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Piltel set to
reduce landline charges
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PILIPINO Telephone Corp. (Piltel)
said it will cut charges on local wire line services this month.
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Story>>
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Accenture opens
in Cebu
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CEBU City: Accenture has expanded
its operations in the country with the opening of a facility here at
the Ayala Business Center on Friday.
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Story>>
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IPVG taps loan to
finance call center
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IPVG Corp. said it availed of a
loan to partly finance its acquisition and expansion of call-center
operations.
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Story>>
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Need responsive
strategy for OFWs
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Aside from Antonio V. Ranque
(Sorry I misspelled his name as Jarque), Ruben Claudio also sent an
earnest reaction.
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Story>>
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