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Monday, January 29, 2007 |
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ADB blames slow
rural devt on IRA scheme |
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By Likha C.
Cuevas, Reporter
THE
Philippines’ internal revenue allotment (IRA) system, the source
of the bulk of funds used by local government units (LGUs), has
slowed down development efforts in rural areas, according to the
Asian Development Bank (ADB).
In a study,
the regional lender said the present system of providing LGUs their
share of national government revenues may be a stumbling block in
spreading development throughout the country.
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IT worker shortage
looming in RP
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A SHORTAGE of
Filipino information technology (IT) professionals working in the
country looms, as they migrate to other Southeast Asian countries in
search of greener pastures, according to the International Data
Corp. (IDC) Philippines.
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Customs’ revenue
collections lower due to appreciating peso
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A STRONG peso
may have allowed the government to cut interest payments, but this
was at the expense of the Bureau of Customs (BOC), whose collections
suffered as a result of a weaker dollar.
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Private sector
expects inflation to fall further
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PRIVATE-SECTOR
analysts expect consumer price increases this year to further
decelerate due to the peso’s strength and easing oil prices, the
Bangko Sentral ng Pilipinas (BSP) said.
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IT school, finance
firm to go public
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AN educational
institution and a financial cum consulting company may go public
this year.
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Citisecurities
loses trademark tiff with Citigroup
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A HEARING
officer of the Intellectual Property Office has ruled in favor of
banking giant Citigroup Inc. and Citibank, N.A. to bar
Citisecurities Inc., a sister company of the listed online stock
brokerage CitisecOnline.com. Inc., from registering Citisec as its
trademark.
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Court-appointed
receiver of feed-producer Vitarich resigns
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THE
court-appointed receiver of ailing Vitarich Corp. has resigned his
post, the company announced in a statement to the Philippine Stock
Exchange.
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BEYOND
THE BUZZWORDS
By Reylito
A.H. Elbo
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Deorganized: In
search of the perfect organizer
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THOSE who fail
to learn from the past are condemned to repeat attending a history
class. Now call me a perfectionist freak if you want to but you
can’t take it away from me.
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VIRTUAL BUSINESS
By Tony Lopez
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Opposition in
disarray (2)
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In the first
part of his letter to President Estrada, former senator Francisco
Tatad objected to the inclusion of dynastic names in the
opposition’s Senate slate—JV Ejercito, who he suggests should
seek a third term as San Juan...
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