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Monday, March 5, 2007 |
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Eyes on BSP interest
rates after stock selloff |
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By Maricel E.
Burgonio, Reporter
INVESTORS will
train their eyes on the Bangko Sentral ng Pilipinas this week, as
its policymaking Monetary Board is scheduled to meet Thursday and
decide on whether to keep its key interest rates steady, especially
after selling pressure hounded local stocks and the peso on the
heels of a sharp correction in many equities markets worldwide.
The margin
that BSP overnight rates maintain over comparable United States
rates has helped generate investor interest in Philippine financial
assets. Huge inflows of foreign money in turn have kept the peso
strong vis-à-vis the dollar.
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World seen to
survive stock slide, US woes
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PARIS: The
global economy stands on robust legs in Europe and Asia which are
strong enough to resist mayhem on stock markets last week and a
slowing of growth in the United States, economists say.
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Mobile-phone
growth expected to taper off
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THE Philippine
mobile-phone industry may grow at a slower pace over the next three
years, according to the country’s second-biggest telecom company.
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Consumers to bear
cost of biofuel
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CONSUMERS may
end up shouldering the high cost that oil companies will incur when
they abide by the newly signed Biofuels Act, according to a
multinational player.
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Longer stock
trading hours find support after selloff
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THE case for
extending trading hours at the Philippine Stock Exchange found
support after last week’s plunge in equities markets worldwide.
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Lanao Hydro to bid
for flood-control projects
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The Lanao
Hydropower Development Corp. (LanaoHydro) wants to bid for
flood-control projects in the Baloi plains to ensure the full
operation of a state-run hydroelectric power plant in Mindanao.
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Toyota scores
ineffective ban on used vehicles
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The
government’s political will has been waning with regards to its
drive to control the entry of imported secondhand motor vehicles,
the country’s top automaker said.
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Malacañang in
favor of raising more
nontax revenues to meet collections
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President
Arroyo prefers meeting the government’s revenue target this year
by raising more nontax revenues in lieu of higher tax collections.
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MANAGING
FOR SOCIETY
By Dr. Emiliano T. Hudtohan
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The leader as a
moral agent
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Development
programs for managers may produce people who are masters of planning
and budgeting, black belters in organizing and staffing, and gurus
in counseling and problem-solving.
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Full
Story>>
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