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Saturday, March 24, 2007 |
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Consumers see a
better year in ’07 |
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BY Maricel E. Burgonio, Reporter
The latest Consumer Expectation
Survey conducted by the Bangko Sentral ng Pilipinas, its first
nationwide, showed less pessimistic outlook for the Philippine
economy and family financial situation in the second quarter of the
year than in the first quarter despite election-related concerns
about peace and order.
BSP’s survey revealed
improvement in the overall consumer confidence index for the whole
country to -11.1 percent in the second quarter from -33.3 percent
for the first quarter this year. Moreover, consumers expressed
bullishness for the next 12 months with a confidence index of 0.8
percent.
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Manufacturing
picks up in Jan. on election-related production
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Philippine factory output in
January turned around after a 12-month drop as production of paper
and paper products and food manufacturing increased in preparation
for the election campaign, the government reported Friday.
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BTr to auction
short-term bondsin lieu of long-maturing issues
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The Bureau of Treasury has
canceled the auction of 20-year T-bond originally scheduled next
week and would reissue instead the old three-year benchmark bond as
a response to the strong market preference ...
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TransCo reports
reduced power interruption, better service in ’06
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The Philippine power transmission
unit said it improved its performance targets for service quality
and reliability in 2006.
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Philips lays off
hundreds of workers in Cabuyao plant
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NXP Semiconductors, the
independent semiconductor company founded by Royal Philips
Electronics NV, said it will lay off employees in its plant in
Cabuyao, Laguna, as part of a restructuring plan for its production
in the Philippines.
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Maynilad to cut
off water supply in West zone for 5 hrs.
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Maynilad Water Services Inc.
announced that it would be cutting off water supply in parts of its
concession in the West zone of Manila starting today to make way for
emergency maintenance works.
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IT firm to develop
central Internet service for all govt offices
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TOTAL Information Management
Corp. (TIM) said it has signed a multimillion-peso contract to
develop an Internet-based delivery channel to serve as the central
hub for all government agencies’ services...
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BIR widens
collection net in QC
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To meet its collection target,
the Bureau of Internal Revenue has included funeral parlors, bottled
water dealers, hotels/motel and bars, toll-way operators, motorcycle
dealers and ice plants on its monitoring list.
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US help sought to
keep duty-free
access to RP-made wiring harness
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The government will solicit help
from the buyers of the Philippine-made wiring harness in the United
States for the retention of the product’s duty-free access
privilege.
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Mabuhay Vinyl
gets additional tax perks
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Listed firm Mabuhay Vinyl Corp. (MVC)
has secured the government’s nod for additional tax perks as it
expands its local operations, the incentives giving body said
Friday.
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SEC approves
Pacific Online’s IPO in April
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Pacific Online Systems Corp.
gears up for an initial public offering in April, having recently
obtained the approval of the Securities and Exchange Commission for
its fund-raising activity.
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Local firm buys
RP unit of W.R. Berkley
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Local company Danvil Holdings,
Inc., recently bought insurance and pre-need company Berkley
International Philippines, Inc. from US-based W.R. Berkley Corp.
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China Bank posts
higher profits on higher loans
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China Banking Corp., an allied of
the SM Group, reported increased profits last year due to higher
loans volume to corporate, small and medium enterprises, and
consumer sectors.
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Macro Asia signs
new deal
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MacroAsia Corp. announced on
Friday that it signed an agreement with a Chinese company that
earlier expressed its intention to conduct due diligence in mining
operations in Palawan.
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