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Thursday, March 22, 2007 |
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Gaming, entertainment complex planned for Manila Bay
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Las Vegas hotel
casino
to place bets on Philippines |
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BY Likha C. Cuevas, Reporter
LAS Vegas-based Wynn Resorts said it is pursuing investment
opportunities in the Philippines, one of which is a hotel casino
similar to its Macau facility.
The company’s disclosure comes
as state-run Philippine Gaming and Amusement Corp. (Pagcor)
announced plans to set up a world-class gaming and entertainment
complex in Manila Bay, patterned after Las Vegas of the United
States.
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Investors commit
more money in first two months
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INVESTMENT pledges for the
Philippines rose more than twofold in the first two months of the
year, according to the Department of Trade and Industry (DTI).
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Budget surplus
ruled out ’til 2010
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EXPECT the Philippines to enjoy
no budget surpluses for the next three years, after the Development
and Budget Coordinating Committee (DBCC) decided to keep the
spending bill for those years flat.
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Fast-food industry
eyes profit boost from polls
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THE fast-food industry sees rosy earnings this
year given the Philippines’ healthy macroeconomic environment.
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RP sees more work
ahead of metals boom rewards
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More work is needed to enable the richly endowed
Philippines to reap the rewards from the global boom in metals
prices, a senior official said Wednesday.
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SBMA suspends
luxury-vehicle importation
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The Subic Bay Metropolitan
Authority has temporarily banned the importation of luxury vehicles
at the Freeport Zone, following the confiscation of brand-new luxury
cars in Subic, the SBMA top official said.
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Group bucks Pepsi
sale
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A special-purpose vehicle, which
seeks to freeze the proceeds of the sale of Pepsi-Cola Products
Philippines, Inc. shares, has filed a complaint against the
subsidiaries of Prime Orion Philippines, Inc., a distributor...
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DMCI sets property
projects for middle-income market
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THE real-estate arm of DMCI
Holdings Inc. has launched several flagship residential projects in
Metro Manila and the island-resort of Boracay aimed at middle-income
homebuyers.
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Ever Bilena plans
public share-sale
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EVER Bilena Cosmetics Inc. plans
to sell shares to the public in five years time, its chief executive
officer said.
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La Frutera sees
pick up in exports
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LA Frutera Inc., the
Philippines’ largest banana exporter, expects overseas sales of
its bananas to double by end-2008, the company’s chairman said
Tuesday night.
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Century
Properties pushes for rezoning
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THE Makati Central Business
District (CBD) is up for rezoning as the city government proposed
that it include the Century Properties project in the district.
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Pilipinas Shell
mulls autogas stations
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PILIPINAS Shell Petroleum Corp.
projects that its autogas supply and distribution business will
continue to post double digit growth each year.
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BIZZFIZZ
By Rene Martel
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Friendster ups
social networking gear
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STRIKE a conversation about
social networking in the Philippines and inevitably the talk begins
and ends with Friendster. And the cold facts leave little room for
argument on that score.
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