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Thursday, December 27, 2007 |
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As Loan payments dip in November
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RP debt remains a
concern for Moody’s
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By Chino S. Leyco Reporter
DESPITE the downtrend in its debt
levels, the Philippines’ outstanding financial obligations remain
a concern for at least one of three key international credit rating
firms.
In a letter to the Department of
Finance, the Bangko Sentral ng Pilipinas (BSP) said the country has
not reduced enough of its debt. The BSP comment came ahead of a
visit early January by a team from Moody’s Investors Service.
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BSP clears peso
hedges for exporters, OFWs
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THE Bangko Sentral ng Pilipinas (BSP) has relaxed the
rules governing derivatives trading activities of banks and trust
entities, offering overseas Filipino workers (OFWs) and exporters a
means...
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11-month
investment pledges marginally up
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INVESTMENT pledges registered with the Board of
Investments (BOI) and the Philippine Economic Zone Authority (PEZA)
for the first 11 months inched up at end-November, the Department of
Trade and Industry said.
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Credit card use,
auto loans up a fifth at end-September
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AUTO loans and consumer purchases made using credit
cards were up by at least a fifth in the first nine months of the
year, according to the Bangko Sentral ng Pilipinas (BSP).
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Napocor completes
fuel supply auctions for 2008
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STATE-OWNED National Power Corp. (Napocor) has
auctioned off the supply contracts for its generating plants’ fuel
requirements for next year.
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First Holdings
keen on govt stake in Meralco
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FIRST Philippine Holdings Corp. said it is interested
in buying the government’s stake in the country’s biggest
electricity distributor.
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Atlas board
approves participation in TVI Resources mine project
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ATLAS Consolidated Mining and Development Corp. told
the Philippine Stock Exchange on Wednesday that it would enter a
copper/zinc sulphide mining project operated by TVI Resources
Development (Phils.) Inc.
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Sun seeks stronger
NTC action vs. PT&T
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SUN CELLULAR of Digital Telecommunications Phils.
Inc. (Digitel) reported to the National Telecommunications
Commission (NTC) that Philippine Telegraph and Telephone Corp.
(PT&T) has defied an order the regulator issued,...
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Clark BPO firm
secures tax incentives
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NCO Philippines Clark Inc., an information and
communication technology company has bagged tax incentives and other
perks from the Board of Investments (BOI), the agency said
Wednesday.
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BIZZFIZZ
By Rene Martel
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Post-Xmas
waistline thoughts from Senator Legarda
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AS the nation recovers from the Christmas festivities
and its annual attempt to commit mass digestive suicide, it is
comforting to note that Sen. Loren Legarda—a poster girl for
healthy eating...
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