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Monday, July 02, 2007 |
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Reduction in shipping costs readied for exporters
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Govt mulls cut in
export target |
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By Angelo S. Samonte and Darwin
G. Amojelar, Reporters
PHILIPPINE economic managers may
cut the government’s export and import targets in light of these
two sector’s dismal performance so far this year.
A Department of Finance official
said the interagency Development and Budget Coordinating Committee (DBCC)
may change its macroeconomic targets due to the high discrepancy in
recent data, with the country’s economic managers wondering why
imports and exports are lagging behind other indicators despite the
healthy first-quarter growth.
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 Full
Story>>
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Asia recalls
crisis that brought it to its knees
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HONG KONG: When Thailand floated
its currency on July 2, 1997, it meant to ease the immediate
pressure on its faltering economy.
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NEA to tap fresh
multimillion-dollar loan
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STATE-RUN National
Electrification Administration (NEA) has tapped the Asian
Development Bank (ADB) to finance a multimillion-dollar project that
would allow electric cooperatives nationwide...
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Story>>
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Peso seen to reach
45 to a dollar by year-end
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THE peso may yet end the year
stronger than initially anticipated, according to a United
States-based investment bank.
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Full
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San Pascual accord crucial to venture
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Mirant buyers
eyeing Ilijan plant expansion
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Team Energy Corp., the consortium
of Tokyo Electric Power Co. and Marubeni Corp. that bought the power
plants of United States-based Mirant Corp., is keen on tying up with
Korea Electric Power Corp. (Kepco)...
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Story>>
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iVantage keen on
financial services biz
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THE owner of Philippine web
portal yehey.com said it plans to invest in financial services
following its sale of its stake in International Exchange Bank (iBank).
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SL Agritech to
raise Asian shipments
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SL Agritech Corp. said it will
increase its hybrid rice seed exports to Indonesia, Vietnam and
Bangladesh.
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Full
Story>>
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Vitarich stock
resumes trading
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VITARICH Corp. has resumed
trading at the local bourse after the Philippine Stock Exchange (PSE)
lifted the suspension in the wake of a court’s approval of the
company’s rehabilitation plan.
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Full
Story>>
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Looks to supplying airlines in Subic,
Clark
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PTT of Thailand to
expand RP operations
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BANGKOK, Thailand: PTT said it
will accelerate investments in the Philippines, as it plans to serve
airlines operating in two former United States military bases that
have been converted into special economic zones.
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Story>>
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Anchor Land set
to build BPO, condo project in Parañaque
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ANCHORLAND Holdings Inc. is
venturing out of its comfort zone to build a mixed use development
in Parañaque.
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Full
Story>>
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BEYOND THE BUZZWORDS
By Reylito
A.H. Elbo
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Carrot principle:
Cashless employee reward
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I LOVE CARROTS. And not just it
gives us the chance to help Baguio and Benguet farmers become
self-employed, but the chance to buy it myself from SM Hypermart in
Makati.
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Full
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MANAGING FOR SOCIETY
By Dennis Berino
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Why fix it when
it ain’t broke?
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I live in a subdivision in Parañaque
beside the international airport and just off the Nichols Toll
Plaza. Going to Makati, residents in the area take the west service
road and cross the Sales Bridge...
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Story>>
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