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Monday, January 22, 2007 |
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2006 investment
pledges
for Philippines exceed goal |
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By Angelo S.
Samonte, Reporter
INVESTMENT
pledges for the Philippines rose by double digits to surpass last
year’s target, the Department of Trade and Industry said, adding
the growth reflected investors’ confidence in the domestic economy
due to the government’s improving fiscal position.
Commitments to
establish new or expand existing business ventures in the country
jumped to P274 billion, an 18.5-percent increase from the P231
billion in investment pledges the government registered in 2005.
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NTC bars expiry of
free text messages
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THE National
Telecommunications Commission (NTC) has barred Smart Communications
Inc. and Pilipino Telephone Corp. (Piltel) from setting expiry dates
on free text or short messaging system (SMS) privileges offered
their subscribers.
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Govt raises tax
effort despite lower collection target
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DESPITE cuts
in tax-collection goals this year, the Department of Finance raised
the government’s tax-effort target to pressure revenue-generating
agencies to collect more.
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Six priority
projects up for completion
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THE
Philippines is eyeing the completion of six priority infrastructure
projects this year, according to the Department of Agriculture.
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Dollar reserves
seen to surpass forecast
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THE
country’s dollar reserves may exceed the initial forecast for this
year, the Bangko Sentral ng Pilipinas (BSP) said, citing robust
remittances from overseas Filipino workers (OFWs).
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MPIC, Israeli firm
team up for SCTEP
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METRO Pacific
Investment Corp. (MPIC) and Africa Israel Investments Ltd. have
partnered to join the bidding for the operation and maintenance
contract of the Subic-Clark-Tarlac Expressway (SCTEP).
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Marina plans new
fees, penalties on ships
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THE Maritime
Industry Authority (Marina) is set to impose new fees and penalties
on shipping companies to raise revenues and develop the industry.
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Pilipinas Shell
defers refinery expansion
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PILIPINAS
Shell Petroleum Corp. has decided to put off the planned expansion
of its Tabangao refinery in Batangas province because of high
project costs.
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GMA bags tax perks
for export venture
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GMA Network
Inc. has secured tax perks from the Board of Investments (BOI) for
the production and export of television and motion pictures.
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BEYOND
THE BUZZWORDS
By Reylito
A.H. Elbo
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Complexification:
How DTI doomed a consumer report
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JUST when I
thought I had the answer, I’ve already forgotten the dumb
question. Or just when I thought I’m giving a lead info to the
Department of Trade and Industry, somebody doomed it with a farcical
action...
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VIRTUAL
BUSINESS
By Tony Lopez
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Globalizing
RP’s economy
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NEDA projects
six percent economic growth in 2007 which it says will be a boom
year. While six percent seems high by past years’ standards, it is
actually just the average of developing countries.
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