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Saturday, June 23, 2007 |
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Govt reliance on assets sales scored
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June budget gap seen
key to full-year goal |
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By Angelo S. Samonte, Reporter
AFTER the overhaul at the Bureau
of Internal Revenue (BIR), all eyes are on the Philippines’ June
fiscal performance, which is seen as key to the government’s
attainment of its budget deficit target this year.
“Leaving aside the question of
global risk aversion, from a local point of view a major question is
how determined the administration is in achieving its targets,”
UBS said. “The June performance will confirm if the government’s
annual targets are on track,” it added.
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Cost of living in
2006 rose due to inflation
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KEEPING one’s family from
sliding into poverty became costlier last year due to higher
consumer prices and an increase in the sales tax, according to the
National Statistics Coordination Board (NSCB).
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Epira amended to
allow rate changes sans hearing
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DISTRIBUTION utilities like the
Manila Electric Co. (Meralco) may now recover power generation and
foreign exchange-related costs automatically after the Department of
Energy amended the implementing rules and regulations (IRR).
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Cebu emerging as second-tier
location
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Industry eyes
bigger share of BPO market in 3 years
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THE Philippines is eyeing a
bigger share of the global business-process outsourcing (BPO) market
in three years, the Business Processing Association of the
Philippines (BPAP) said.
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SSS to cut rates,
will lend more to SMEs
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STATE-RUN Social Security System
(SSS) cut its interest rates to extend more loans to small and
medium enterprises (SMEs).
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Destiny Cable’s
Cebu operation opposed
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PACIFIC CATV Inc. wants the
National Telecommunications Commission to turn down the request of
Destiny Cable to operate in Cebu.
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First Metro to
issue debt papers to public
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First Metro Investment Corp. (FMIC),
the investment-banking arm of Metropolitan Bank & Trust Co.,
disclosed to the Philippine Stock Exchange that it would be selling
debt papers to the public.
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Investors lap up
Phoenix maiden offering
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LOCAL investors flocked to buy a
piece of Davao-based Phoenix Petroleum Philippines Inc., which sold
shares of the public for the first time on Friday.
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SBMA defends move
to oust Taiwanese firm
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The Subic Bay Metropolitan
Authority officials on Friday assured Taiwanese investors of
continued stability and security in the investment climate at the
SBMA...
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LEARNING & INNOVATION
By Moje Ramos-Aquino, FPM
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Come on, Baby,
let’s do the twist!
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Being in Carson City, California,
is like being in the Philippines. If you are not Filipino, you would
seem to be a visitor. Filipinos here are very much part of
mainstream USA.
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