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Monday, December 31, 2007 |
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Year-end surplus still possible
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2007 fiscal deficit
may be
way below ceiling–NEDA
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THE Philippines is likely to end
the year with a budget deficit that is
way below the ceiling set for the period. A document from the
National Economic and Development Authority (NEDA) showed that the
“worst-case” scenario is for a fiscal gap of P15.1 billion, or
much lower than the P63 billion programmed for 2007.
This worst-case scenario is
tantamount to keeping the deficit at 0.2 percent of the economy, as
measured by the country’s gross domestic product (GDP).
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Philippine stock
index hits highest year-end level
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DESPITE closing the last trading day this year lower,
the Philippine Stock Exchange (PSE) said its composite index had
risen to its highest yearend level last Friday, ending 2007 with at
least five new records.
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Globe to spend
millions of $ on new cable landing station
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GLOBE Telecom Inc. plans to spend millions of dollars
to construct an international cable landing station in Cagayan to
serve the increasing demand for mobile phone and Internet broadband
services.
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DTI: Investment
pledges surpass goal
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INVESTMENT pledges registered with the Board of
Investments (BOI) and the Philippine Economic Zone Authority (PEZA)
this year rose by almost a third at end-December, the Department of
Trade and Industry (DTI) said.
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Bangko Sentral
clears foreign loan for purchase of Masinloc
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THE Bangko Sentral ng Pilipinas (BSP) has allowed the
new owner of the Masinloc coal-fired power plant to borrow from the
Asian Development Bank (ADB) and the International Finance Corp. (IFC)...
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Govt turns down
PLDT’s request for tax holiday on NGN project
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THE government has turned down a request from
Philippine Long Distance Telephone Co. (PLDT) for an tax holiday on
its next generation network (NGN) project.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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How well do you
really know a management buzzword?
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IT’S YEAR-END. This is the best time of the year to
reflect on what we’ve done, read, and internalized for the past 12
months or even much earlier. For me, this is also one excellent
opportunity to put up...
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