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Thursday, February, 8 2007 |
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RP dollar reserves
at fresh all-time high |
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THE Philippines’ dollar reserves rose to a fresh
record in January partly due to the proceeds of a fresh $1-billion
borrowing the government undertook last month.
In a statement, the Bangko
Sentral ng Pilipinas said the country’s end-January gross
international reserves reached $23.76 billion, rising from the
end-December level of $22.97 billion. Net reserves similarly inched
up to $23.74 billion from the $22.95 billion recorded at the end of
last year.
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Donor aid eyed for
Mindanao railway
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THE Department of Transportation
and Communication (DOTC) said the governments of China, South Korea
and Saudi Arabia separately expressed interest to fund a
multi-million dollar rail project in Mindanao...
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Peso strengthens
further on strong dollar inflows
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FOREIGN investments, Filipino
worker remittances and export receipts lifted the peso to close
Wednesday at its highest level since March 2001, the Bangko Sentral
ng Pilipinas said.
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Ilocos Norte’s
‘cornik’ makes headway in international market
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ILOCOS Norte’s “cornik,” a
deep-fried corn-kernel delicacy, has penetrated the foreign market,
according to the Department of Trade and Industry.
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Govt earns record
dividends
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DIVIDENDS remitted to the
national government hit an all-time high last year due to the better
performance of government-owned and -controlled corporations (GOCCs),
the Department of Finance said.
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Gardenia to build
bun-making factory
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Gardenia Bakeries (Philippines)
Inc. will construct a P300-million bread manufacturing plant for
buns (pan de sal) as part of its expansion this year.
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Boulevard sets
sights on Thailand, Indonesia
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BOULEVARD Holdings Inc. (BHI), a
company controlled by the Panlilio family, plans to acquire a hotel
and resort in Southeast Asia’s premier tourist destinations, its
chairman said.
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San Miguel’s
Australian unit raises revenues
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THE Australian unit of San Miguel
Corp. saw sales rise last year after completing the consolidation of
its juice and specialty cheese businesses, Southeast Asia’s
largest food and beverage company said on Wednesday.
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BIZZFIZZ
By Rene Martel
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Send in the clowns
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LET’S not mince words here. Yet
another bid (fourth—and counting) for the 25-year concession of
the National Transmission Corp.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Preserving the
joy of living
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THE report of international
scientists-experts on global warming is sending chills all over. I
heard one CEO quipped, “I am buying a beach front property in
Antipolo.”
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