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Monday, August 13, 2007 |
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Meralco files series of rate
adjustments
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Higher electricity
bills loom in a few months |
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By Euan Paulo C. Añonuevo, Reporter
ELECTRICITY bills are expected to
jack up in the coming months, after Manila Electric Co. (Meralco)
filed a series of petitions for an increase in its rates with the
Energy Regulatory Commission (ERC).
The country’s largest
distribution utility has filed 10 applications to recoup some P14
billion in under-recoveries incurred since September last year. Of
the total amount, P13 billion accounts for deferred generation
charge adjustments while P1 billion represent under-recoveries on
system loss charges incurred by the company.
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How moneymen,
homeowners caused panic
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PARIS: The link between
repossessed houses in the United States and wealthy moneymen around
the world is the key to understanding the current stock market
turbulence and fears for the world economy.
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Story>>
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Local market awash
with cash, says BSP
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THE Bangko Sentral ng Pili-pinas
(BSP) said it is unnecessary to join its peers around the world and
inject funds into the local financial system as domestic banks are
less dependent on foreign denominated financing.
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BIR blames
inflation for poor VAT results
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THE Bureau of Internal Revenue (BIR)
said inflation caused value-added tax (VAT) collections to drop in
the first half of this year.
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Maynilad set for
early rehab exit
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MAYNILAD Water Services, Inc.
signed agreements with the government and lenders, paving the way
for the utility’s early exit from rehabilitation.
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Despite Fed fund infusion to calm
nerves
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US investors gird
for fresh market turmoil
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NEW YORK: US investors are
girding for fresh stock turmoil in the coming week after riding a
market roller-coaster in recent days, which has shaken their
confidence in the mortgage and credit markets.
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World commodity
prices slump amid housing woes
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LONDON: Global commodity prices
slumped this week as speculators rushed to bank profits amid concern
that demand for oil and metals will slide should the world economy
dampen because of the US housing crisis.
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Key terms in
failing subprime mortgage
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PARIS: An explanation of the key
terms and concepts in the highly technical US subprime housing
crisis that has rattled world stock markets and threatens economic
growth in the United States and beyond.
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Central banks
underestimated credit crisis
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WASHINGTON: Recent turbulence on
global financial markets suggests that central bankers’ assurances
about the credit crisis perhaps underestimated the scope of the
problem.
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MANAGING FOR SOCIETY
By Mely Clerigo
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The math of
credit cards
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Have you tried to look at the
math of a purchase charged to your credit card and see how long it
will take you, assuming that you only pay the minimum amount due, to
pay off this purchase...
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Full
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BEYOND THE BUZZWORDS
By Reylito
A.H. Elbo
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Six Sigma:
Raising more questions than answers
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WHEW! I am terribly exhausted,
both physically and emotionally. And I will tell you why. I cannot
help but to read and answer letters from readers of this space.
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Full
Story>>
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