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Thursday, February, 1 2007 |
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RP misses economic
growth
goal on weak farm output |
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By Darwin G. Amojelar, Reporter
THE Philippines missed its
economic growth target last year on the back of a series of typhoons
in the last quarter that pulled down farm output, which comprises a
fifth of the domestic production.
At a briefing Romulo A. Virola,
secretary-general of the National Statistical Coordination Board (NSCB),
said that the country’s gross domestic product (GDP), which is the
sum of goods and services produced locally, grew 5.4 percent, a
percentage point below the low-end target the government set for the
year.
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BSP interest-rate
cut seen in second quarter
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THE interest rate that banks earn
on their deposits with the Bangko Sentral ng Pilipinas (BSP) is
likely to go down in the second quarter, according to Standard
Chartered Bank.
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Pace of money
demand picks up
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DEMAND for money jumped by nearly
a fourth in December, accelerating from the already double-digit
rise seen the month before, according to the Bangko Sentral ng
Pilipinas (BSP).
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Collections of
postreform sales tax on target last year
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COLLECTIONS of the reformed
value-added tax (VAT) last year surpassed the target, the Department
of Finance said on Wednesday.
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Share prices rally
after growth
Report
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SHARE prices closed higher
Wednesday as investors remained confident the country’s economy
will continue to grow this year after gross domestic product hit 5.4
percent in 2006, dealers said.
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Universal Motors
sees hike in van sales
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UNIVERSAL Motors Corp. (UMC) is
eyeing sales this year to rise by a tenth to be led by its Urvan
model.
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NEDA pushes for
liberalization of ports
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To bring down the cost of
shipping goods from the Philippines, the National Economic and
Development Authority (NEDA) is pushing for the liberalization of
ports throughout the country.
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Mindanao power
supply deal OK’ed
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THE Energy Regulatory Commission
(ERC) has approved an agreement between state-run National
Transmission Corp. (TransCo) and Aboitiz-controlled Davao Light...
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Cebu Pacific starts Jakarta flights
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Macau junks Asian
Spirit’s bid to fly to casino capital
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THE Macau Civil Aviation
Authority has junked the request of a local carrier to fly to the
world’s top gambling destination, the Philippine Civil Aeronautics
Board (CAB) said Wednesday.
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San Miguel to
combine food
business
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SHAREHOLDERS of San Miguel Pure
Foods Co. Inc. have approved the increase in the authorized capital
stock of the company.
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Aboitiz Equity
ups share-sale to locals
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ABOITIZ Equity Ventures Inc. (AEV),
the holding company of the Aboitiz family, said it raised the amount
of shares sold to domestic investors under a just-concluded plan to
sell its treasury shares.
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BIZZFIZZ
By Rene Martel
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Debt-free
Fil-Estate on a roll
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CONVENTIONAL corporate wisdom
dictates that when—in addition to the Philippine Stock Exchange
reaching record peaks—the property sector is mightily bullish then
for sure the economy is bobbing along more than nicely.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Goodbye, dear
Bert Tato!
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HOW do you say goodbye to a dear
friend? How do you preserve the memory of a great friendship? How do
you pay tribute to somebody who could not anymore hear you?
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