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Saturday, January 06, 2007 |
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Dec. consumer prices ease despite typhoon
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By Darwin G. Amojelar, Reporter
CONSUMER prices last month rose at their weakest
pace in two and a half years, but this failed to prevent the average
inflation rate for 2006 from breaching the Bangko Sentral ng
Pilipinas’ (BSP) target.
The National Statistics Office (NSO) said on
Friday that the December inflation rate further dropped to 4.3
percent from November’s 4.7 percent owing to a slowdown in the
rise in prices of food, fuel and other utilities. The December
figure was within the BSP’s forecast of between 4.2 percent and
4.8 percent for the month.
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Finance allays revenue concerns
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DESPITE the Bureau of Internal Revenue’s (BIR)
failure to meet last year’s collection target, the government is
confident that the budget deficit would still be below the ceiling
for 2006, the Department of Finance (DOF) said.
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Dollar reserves end year at record
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THE Philippines’ dollar reserves ended 2006 at
a record high, according to the Bangko Sentral ng Pilipinas.
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Aussie banana row seen hopeless
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THE Philippines is no longer keen on shipping
bananas to Australia, a Department of Agriculture official told The
Manila Times.
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McDonald’s franchise holder eyeing food manufacturer
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ALLIANCE Global Group Inc., the holding company
which owns the Philippine master franchise of the fast-food chain
McDonald’s, will go on an aggressive expansion this year as it
sets its sights on a food-manufacturing firm.
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Globe sets spending for cellular-site relocation
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GLOBE Telecom Inc., the Philippines’
second-largest mobile-phone service provider, said it has set aside
millions of pesos this year to relocate existing cell sites and
prevent interference of its 3G (third-generation) frequencies.
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Share prices end the week lower
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PHILIPPINE share prices closed lower Friday as
the market consolidated after hitting near 10-year highs earlier in
the week, dealers said.
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Quake disrupts banks’ remittance services
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LAST month’s earthquake in Taiwan has
disrupted the international online transactions and communication
lines of Philippine banks, with most of the lenders suffering from
delays in the remittance of overseas Filipino worker accounts,
according to industry sources.
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Cebu Pacific to fly to Taipei
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THE Manila Economic Cultural Office (MECO) is
projecting a 7-percent increase in Taiwanese tourist arrivals in the
Philippines for this year with the new low-budget flights offered by
Cebu Air Inc.
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