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Friday, March 16, 2007 |
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RP drops on list of
top global services hubs |
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By Darwin G. Amojelar, Reporter
THE Philippines’ rank as
preferred location for business-process outsourcing and call-center
operations dropped four notches as wages rose because of the
peso’s continued appreciation, according to a survey of
multinational companies by a foreign consulting firm.
In its Global Services Location
Index 2007, A.T. Kearney said Thursday that the Philippines dropped
from fourth to eighth place out of 50 countries considered
attractive locations for off-shoring service activities.
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Bank lending slows
to single digit in January
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BANK lending slowed in January
from the double-digit growth seen in December in what has become a
recurring pattern of borrowings rising by fits and starts despite
the Philippine economy’s continued expansion.
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Local stocks fall
further, buck Asia-wide recovery
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PHILIPPINE share prices continued
to tumble Thursday, bucking an Asia-wide recovery in stock markets
following Wall Street’s rebound overnight.
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OFW remittances
surge despite slow deployment, strong peso
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MONEY sent home by overseas
Filipino workers (OFWs) grew significantly year on year in January
despite a drop in deployment and the strong peso vis-à-vis the
dollar, the Bangko Sentral ng Pilipinas (BSP) said Thursday.
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Govt allots
funding for ro-ro ship acquisitions
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The government has set aside
billions of pesos to fund the acquisition of roll-on, roll-off (ro-ro)
ships for the priority missionary routes, the president of the
National Development Company’s Maritime Leasing Corp....
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APC mining to
explore Palawan for nickel, chromate deposits
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APC Mining Corp., a fully owned
subsidiary of listed company APC Group Inc., announced it has filed
for exploration permit in Palawan for nickel and chromite deposits,
the company disclosed to the Philippine Stock Exchange.
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Top property
developers may bid for Iloilo airport
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Five leading property developers
have shown interest to buy the old 54-hectare Iloilo airport, which
will be auctioned by the government on April 24.
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Waterfront to
develop island resort in northern Palawan
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WATERFRONT Philippines Inc.
announced on Thursday its plans of building and acquiring more
hotels, including the development of an island resort in northern
Palawan.
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Toyota Autoparts
to expand transmission business
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TOYOTA Autoparts Philippines Inc.
(TAP) said it plans to expand production and export of its manual
transmissions.
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UMC sees new
Safari to boost sales
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UNIVERSAL Motors Corp. (UMC)
launched on Wednesday evening the new variants of its luxury sports
utility vehicles (SUV), hoping they would increase overall sales.
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BayanTel survey
shows telco services disappoint
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MANY Filipinos using the Internet
and telephones have expressed frustration over existing services,
according to a survey commissioned by the Lopez family-led Bayan
Telecommunications Inc. (BayanTel).
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Meralco issues
warning on illegal power connections
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MANILA Electric Co. (Meralco)
said more than half of residential fires recorded last year were due
to illegal power connections.
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FRANCHISE TIMES
By Rhea
Catada
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Holier than
popcorn
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Google “Holy Kettle Corn” and
you’ll see hundreds of hits, dozens of which are linked to
bloggers raving about their addiction for Blue Kettle Corp.’s
popular treat.
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