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Tuesday, January 23, 2007 |
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Stock market index
nears ten-year high |
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PHILIPPINE share prices closed up on Monday, breaching another key
threshold to hit its highest point in almost a decade, dealers said.
They said investors continued
snapping up stocks on the back of the economy’s brighter prospects
for this year, with telecom and banking issues benefiting from the
buying spree.
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Call centers
can’t keep agents long enough
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MORE than six out of every 10
people that worked in a call-center eventually moved to another job
in a separate industry, according to a recent study.
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Policy rates dip
to new record lows
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OVERWHELMING demand for
short-term government securities or IOUs prompted the government to
increase its sale of Treasury bills last Monday, with the yield on
the benchmark debt papers dropping to new record lows.
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GDP growth
moderate in 2007—IIF
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Weak exports gain may temper the
growth of the Philippine economy in 2007, the Institute of
International Finance (IIF) said in a recent report.
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Asia-Pacific
telecom market to grow on broadband demand
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THE Asia-Pacific
telecommunication services market is projected to grow by a tenth
this year owing to rising demand for broadband, voice over Internet
protocol (VoIP) and 3G (third-generation) telephone services...
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Govt IOUs to
finance shipping sector upgrade
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THE National Development Corp.
will float bonds to finance the modernization of the shipping
industry, Socioeconomic Planning Secretary Romulo L. Neri announced.
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Philweb’s gaming
contract has Pagcor’s nod
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STATE-owned Philippine Amusement
and Gaming Corp. has granted the bid of listed Philweb Corp. for a
sports betting contract with a subsidiary of a Singaporean company.
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AEV to sell more
treasury shares
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ABOITIZ Equity Ventures Inc., the
holding company of the Aboitiz family, will sell treasury shares to
local and foreign investors to raise funds for its acquisition
activities.
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Creation, IPO of
new firm eyed for Diwalwal
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THE government will create a
company that will become the vehicle for the initial public offering
of its gold and mining operations in Mount Diwalwal, Compostela
Valley, the National Economic and Development Authority said Monday.
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MANAGING
FOR SOCIETY
By Evelio Echavez
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When corporate
downsizing is inevitable
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In the first half of this decade,
several companies in the US, some belonging to the Fortune 500 List,
filed for bankruptcy causing a great uproar among investors and the
clamor for reforms in the regulatory oversight...
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BIZZFIZZ
By Rene Martel
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Curious delays in
TransCo bidding process
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CURIOUSER and curiouser gets the
bidding process for the National Transmission Co., undoubtedly among
the nation’s crown jewels, which is now up for grabs.
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