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Thursday, March 29, 2007 |
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Mergers seen to hit
telcos, broadcast firms |
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By Darwin G. Amojelar, Reporter
THE Philippine cable television
industry sees a wave of mergers between telecom and broadcast
companies happening in the near term given the convergence of
service delivery technology platforms.
The industry made its forecast as
Globe Telecom Inc., the country’s second biggest mobile-phone
service provider, announced plans to join the mobile TV bandwagon.
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Property giants to
bid for old airport
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THE big names in the Philippine
property sector are bidding for a 54-hectare property that used to
serve as the airport in the central province of Iloilo, according to
the Department of Finance.
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Philippine BPO
sector to suffer from labor shortage, says ADB
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THE Asian Development Bank (ADB)
said the Philippines suffers from a shortage of qualified staff for
the business process outsourcing (BPO) sector.
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San Miguel unveils
health-drink products
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THE market for healthy
ready-to-drink teas and juices is heating up, and it’s not because
of the approaching summer.
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Autogas demand to
double this year, says local player
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MANILA Autogas Enterprise Corp.
expects to double its growth this year by expanding its auto
liquefied petroleum gas (LPG) refilling stations in Metro Manila
this year.
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Bank of America
buys BPI’s bad loans
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The Bank of the Philippine
Islands has sold the fourth tranche of its nonperforming loans to a
US-based bank, it reported Tuesday.
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Metro Pacific
incurs losses
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METRO Pacific Investments Corp. (MPIC)
said it suffered losses last year due to expenses incurred when it
absorbed Metro Pacific Corp. (MPC).
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PNOC unit to sell
more shares
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A UNIT of Philippine National Oil
Co. (PNOC) is set to sell additional shares to the public by the
second half of this year to raise funds for new projects.
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Nonlife premiums
rise, says regulator
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The country’s nonlife insurance
industry posted substantial growths in net premiums and assets, the
Insurance Commissions reported.
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ALI to redevelop
Ayala Center to boost revenues
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THE Philippines’ premier
shopping center is set to undergo redevelopment to increase the
property’s value, according to Ayala Land Inc. (ALI).
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Chemphil to shut
down Pasig facility in wake of cheap imports
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CHEMICAL Industries of the
Philippines Inc., the sole local manufacturer of sodium
tripolyphosphates-technical grade (STPP-TG), a major ingredient in
making detergents, is closing down its manufacturing plant...
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Cebu Pacific,
Europcar tie up for inland transport
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CEBU Pacific, the airline unit of
Gokongwei family-led JG Summit Holdings Inc., said it has partnered
with a European car rental company to provide in-land transport
service for the carrier’s passengers.
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CitisecOnline
profits rise on new services
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CITISECONLINE, a publicly traded
online brokerage company, said it was back in the black last year,
as revenues rose by more than two-fold due to its intensified
investor education, value-added products and online tools.
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BIZZFIZZ
By Rene Martel
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PNB freeze
threatens power supplies
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COULD an impasse over debt
restructuring between a major bank and a power company possibly
cause a dent in utility giant Meralco’s plans to shore up peak
power requirements?
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