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Wednesday, June 20, 2007 |
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Dollar seen to cost P44 by year-end |
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Peso hit by less
than favorable budget gap |
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By Maricel E. Burgonio, Reporter
THE peso returned to the
46-to-a-dollar level on Tuesday, after the government reported
disappointing budget deficit data for May.
At the Philippine Dealing System,
the local currency closed at 46.01 against the greenback, lower than
Monday’s closing price of 45.920.
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Govt to push joint
sale with San Mig’s private shareholders
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THE government will negotiate
with private share holders of San Miguel Corp. for a joint sale of
their combined stake in Southeast Asia’s largest food and beverage
company, according to the Department of Finance.
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NTC blinks, gives
telcos shorter period to store voice, text data
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THE National Telecommunications
Commission (NTC) gave in to lobbying by telecom companies after the
regulator cut down the required storage period for traffic data that
may be used in complaints regarding subscriber...
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Savings banks’
real estate exposure up in Q1
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THRIFT banks’ exposure to the
property sector jumped in the first quarter, according to the Bangko
Sentral ng Pilipinas (BSP).
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Cebu Pac sets eyes
on Clark as third hub
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CEBU Pacific will compete head-on
with foreign low-cost carriers (LCCs) as the airline unit of
Gokongwei family-led JG Summit Holdings Inc. plans to fly from Clark
International Airport for its Asian destinations.
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PNB financially
fit after it settles debts
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THE Philippine National Bank (PNB)
has fully paid its long-term loan with the country’s state-run
deposit insurer.
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Meralco to sign up
for Napocor’s e-ODPS
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The National Power Corp. said it
expects to sign up the Manila Electric Co. for the enhanced version
of its One-Day Power Sales Program (ODPS).
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Eastern Petroleum
to build mini plant
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Independent petroleum player
Eastern Petroleum Corp. plans to build a small refinery in Mindanao,
a ranking official of the company said.
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VIEWS FROM
A BRIT
By Mike
Wootton
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Still some work to
do
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I have commented before on the
mass of detailed information on the reverse side of my Meralco bill.
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