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Thursday, January 25, 2007 |
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Consumers upbeat
about
jobs, finances, spending |
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By Darwin G. Amojelar, Reporter
CONSUMER anxiety over the state of the economy has waned over the
past six months, with Filipinos more optimistic about job prospects,
personal finances, and spending, according to AC Nielsen
Philippines.
At a briefing, Benedicto L. Cid,
managing director of the research firm, said the Philippines’
consumer confidence index improved by 4 points to 104 in the second
half of 2006. The improvement is consistent with gains in all
aspects of the index, including job prospects, personal finances and
inclination to spend.
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Revenues from sale
of govt assets rise to five-year high
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PHILIPPINE earnings from the sale
of state assets last year rose to their highest in five years,
according to the Department of Finance
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Share prices rally
on, inch closer to record
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SHARE prices rallied for a third
day on Wednesday as foreign funds bought into the bullish outlook
for the economy, dealers said.
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Economic growth in
Q4 seen lower
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ECONOMIC growth last year may
come in lower than expected, a National Economic and Development
Authority (NEDA) official said, citing the impact of a series of
typhoons on the country’s farm sector...
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BPO-led property
boom poised to continue this year
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THE Philippine property boom,
mainly driven by the business process outsourcing (BPO) industry, is
expected to continue this year, CB Richard Ellis (CBRE), a Los
Angeles-headquartered property consultant..
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Equitable PCI Bank
to absorb credit-card subsidiary
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EQUITABLE-PCI Bank Inc. (EPCIB)
will absorb its credit-card subsidiary, Equitable Card Network (ECN),
as it merges with Banco de Oro Universal Bank (BDO).
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Napocor, Meralco
supply deal OK’ed
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THE Energy Regulatory Commission
(ERC) has approved the transition supply contract between the
National Power Corp. (Napocor) and the Manila Electric Co. (Meralco).
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Petron Corp.
proposing a six-month
transition for legislation on biofuels
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PETRON Corp., the country’s
largest oil refiner, is pushing for a six-month transition period
before the full implementation of the biofuels law, a legislator
said.
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Cebu Pacific
expects doubling of traffic
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CEBU Pacific said passenger
traffic is expected to double this year owing to its new domestic
and regional destinations.
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Robinsons Land
reports profit jump
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ROBINSONS Land Corp. (RLC), the
property unit of Gokongwei family-led JG Summit Holdings Inc.,
reported a healthy increase in its profits for its fiscal year
ending September 30, 2006...
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GMA Network
penalized over lapsed licenses
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GMA Network Inc. has been
penalized for operating three provincial stations on expired
licenses.
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Proponent to
borrow funds for MRT 7 project
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UNIVERSAL LRT Corp. (ULC) plans
to borrow money from foreign banks to fund the bulk of the
investment requirements for the Metro Rail Transit (MRT) Line 7, a
company executive said.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Ceremonial
support for letting go
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ONE day your company is up there
with the stars, next day you’re down in the pits. Another company
gobbled you up. Your income and profit are increasingly decreasing.
A new product did not take off.
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BIZZFIZZ
By Rene Martel
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An offer Comelec
just can’t refuse
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ON the face of it, this looks
like an offer that Chairman Ben Abalos and his band of merry men at
the Commission of Elections just can’t refuse.
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