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Saturday, December 29, 2007 |
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Electronics up slightly
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Imports rise on
costlier oil
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PHILIPPINE imports rose for a fifth month in
October mainly because of higher oil prices, the government said
Friday.
The National Statistics Office (NSO) said
imports that month grew 9.6 percent to $5.138 billion from $4.686
billion in the same month last year. In September, imports grew 8.9
percent.
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Price uptick seen to persist in December
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PRICE increases are likely to have picked up
this month, according to the Bangko Sentral ng Pilipinas (BSP),
which blamed the faster inflation on typhoons, costlier fuel, and
seasonal consumer demand.
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Peso shrugs off concerns over Pakistan woes, but
stocks succumb to worries
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THE peso closed 2007 on a strong note, shrugging off concerns raised
over Pakistan’s political woes, but local share prices succumbed
to worries that the assassination of a leading contender in that
South Asian country’s elections would reverberate across the
region.
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Dollar borrowings went down on repayments
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LOANS issued by foreign currency deposit units (FCDU) of banks went
down at end-September, the Bangko Sentral ng Pilipinas (BSP) said
Friday.
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RP foreign debt inches up on revaluation of
third-currency accounts
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THE country’s foreign debt inched up at end-September, the Bangko
Sentral ng Pilipinas (BSP) said.
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Investments fall short of
target
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THE Philippines fell short of its full-year goal
of attracting P304-billion worth of investments, based on figures
released by the Department of Trade and Industry.
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BIR to hound tax evaders using
PLDT, Meralco
records
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THE Bureau of Internal Revenue said Friday that it would tap the
databases of the Philippine Long Distance Telephone Co. and Manila
Electric Co. to locate taxpayers in hiding.
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PAL-AirPhil alliance outflanks Cebu Pacific
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LUCIO Tan-owned Philippine Airlines (PAL) and Air Philippines have
carried more domestic passengers than leading rival Cebu Pacific as
of December, according to Civil Aeronautics Board data.
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ATI expects rosier prospects in line with
economic growth
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ASIAN Terminals, Inc. sees its prospects would be rosy next year
alongside the continuing growth of the Philippine economy, Bryan T.
Smith, ATI chairman, said.
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Court bars Oriental Peninsula from operating
mine amid controversy
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THE Regional Trial Court (RTC) of Palawan issued a temporary
restraining order against Oriental Peninsula Resources Group Inc.
amid allegations of mining theft, barring the newly listed company
from operating in a town in that province.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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A different kind of
giving
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All these Saturdays of December, I have been advocating the
Christian act of giving. But there are certain acts of giving
that I do not support. Remember that familiar saying: Give a man fish and he will eat fish for the day; teach a man to
fish and he will eat fish the rest of his life.
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