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Saturday, December 22, 2007 |
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Profits of listed
firms surge
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By Likha C. Cuevas-Miel Reporter
The combined profits of companies
listed at the stock market grew for the first nine months this year
on the back of an improving economy, the Philippine Stock Exchange (PSE)
said.
Based on their unaudited
financial statements, profits earned by the 231 listed companies
rose 24.4 percent to P203.6 billion at end-September from a year
ago, while their combined gross revenues increased 12.4 percent to
P1.75 trillion.
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BIR extends,
expands tax amnesty
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THE Bureau of Internal Revenue (BIR) has extended, as
well as expanded the coverage of this year’s tax amnesty program
to allow more people to avail of it.
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VAT falls short in
October
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THE Bureau of Internal Revenue (BIR) said value-added
tax (VAT) collections in October dropped from last year.
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Drilling for six
oil exploration wells
expected next year–Merritt Partners
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UP to six exploration wells may be drilled next year
in the local upstream oil industry.
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RP nontrade dollar
transactions back in black
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THE country’s net dollar receipts from its nontrade
transactions with the rest of the world have exceeded the full-year
forecast at end-September due to strong foreign investments, the
Bangko Sentral ng Pilipinas (BSP) said Friday.
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Filinvest Land
announces plan to buy back shares
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Filinvest Land, Inc. will be buying back its shares
to bridge the gaping difference between its current share price and
net asset value, the company told the Philippine Stock Exchange on
Friday.
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GMA ventures into
gaming
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GMA Network Inc. on Friday announced its venture into
online gaming in the first quarter of next year.
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Public awareness
on renewables rise
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Media efforts to inculcate in public consciousness
the value of renewable energy sources are making headway, a study
conducted by lobby group RE Coalition found.
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ATN unit seeks
regulatory nod on radio services
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A UNIT of listed ATN Holdings, Inc. has asked the
National Tele-communications Commission for an authority to offer
radio communication network and data communication services.
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Sun Life
registers record insurance sales
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Sun Life Financial Philippines posted record sales
growth in life insurance, pre-need and mutual funds in the third
quarter of the year resulting from the growing acceptance of
Filipinos in purchasing non-traditional products.
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Expansion lifts
lotto operator’s revenues
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PACIFIC Online Systems Corp., the exclusive online
lottery systems and terminal supplier of state-run Philippine
Charity Sweepstakes Office in the Visayas and Mindanao announced
that its revenues rose...
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Psalm declares
Aboitiz Power-led
consortium new owner of Ambuklao-Binga
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STATE-RUN Power Sector Assets and Liabilities
Management Corp. (Psalm) has declared the consortium led by Aboitiz
Power Corp. as the winning bidder for the Ambuklao-Binga
Hydroelectric Power Plant Complex.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Christmas is
about Jesus and his birth
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One poignant Christmas story is “A Charlie Brown
Christ-mas” by the brilliant Charles M. Schulz. Some memorable
lines in this Emmy-winning Christmas special:
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