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Friday, December 28, 2007 |
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BIR, Customs tax goals cut
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PHILIPPINE economic managers have agreed to
reduce the tax collection targets of the Bureaus of Internal Revenue
(BIR) and of Customs for next year.
The Development and Budget Coordinating
Committee (DBCC) cut BIR’s collection goal to P844.90 billion from
the original P844.95 billion.
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Maynilad set to apply for increase in water
rates next year
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AFTER emerging from a court-administered
rehabilitation this month, Maynilad Water Services Inc. will file
for an increase in rates next year, according to state-run
Metropolitan Waterworks and Sewerage Services (MWSS).
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Manufacturing output continues slide in October
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FACTORY output continued its downtrend in
October as production of textiles, footwear and wearing apparel
remain weak despite expectations of a pick-up in demand during the
holiday season.
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BSP: Remittances just as volatile as investments
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OVERSEAS Filipino remittances, and not just investments, are likely
to dwindle in the face of poor economic policies, according to a
Bangko Sentral ng Pilipinas (BSP) study.
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Stock market rises, peso falls ahead of long
break
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LOCAL share prices closed higher on Thursday as
fund managers bought stocks to spruce up their portfolios before the
market takes a four-day break, but the peso gave up gains on
corporate demand for the dollar and a lull in remittance inflows.
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Asian economies seen shifting down a gear
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TOKYO: Asia’s economies are set to lose some steam in 2008 as the
US economic locomotive slows, but continued breakneck growth in
China should ensure the region escapes a severe downturn, analysts
predict.
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PLDT, NTT DoCoMo plan mobile service for seamen
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PHILIPPINE Long Distance Telephone Co. is in talks with Japanese
leading telecom firm NTT DoCoMo, Inc. about its plan to offer mobile
phone service to Filipino seamen working in Japan.
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ALI contests patent claim
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Ayala Land, Inc. has denied it copied a system
of building modular homes for mass housing projects patented by a
local construction firm after the court found its unit, Avida Land
Corp., guilty of patent infringement.
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New Year’s Day
power supply contingency set-Meralco
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The Manila Electric Co. said it has put in place contingency
measures to ensure ample power supply on New Year’s eve.
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DMCI unit to secure tax perks
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DMC Urban Property Developers, Inc. has ventured into developing the
first multistory residential condominium in Davao City called
Ecoland 4000 Residences, the Board of Investments said Thursday.
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Robinsons Bank to expand
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ROBINSONS Savings Bank, a wholly owned subsidiary of the JG Summit
Group, will continue to open more branches until early next year to
expand its consumer banking business.
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