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Thursday, May 10, 2007 |
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Failure blamed on very low bids |
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Govt auction for old
Iloilo airport fails |
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By Angelo S. Samonte, Reporter
The Department of Finance has
declared Wednesday’s auction of the 54-heactare old Iloilo airport
a failure after none of the three bidders offered to buy the
property at above the minimum price set by the government.
“We are declaring the bidding a
failure and we will contemplate on our next move,” said Finance
Undersecretary John Philip Sevilla, officer in charge of the
government’s privatization program.
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Psalm to increase
Masinloc supply contract
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THE government is likely to
increase the supply contract attached to the Masinloc coal-fired
power plant, thus raising its asking price for the facility, the
agency tasked with selling the generating plants ...
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Higher collection
goals set for VAT, excise, income tax
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EVEN after it failed to meet its
first-quarter goal, the Bureau of Internal Revenue (BIR) expects
income tax, excise tax and value-added tax (VAT) collections this
year to be higher than last year.
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RP businesses most
energy-conscious
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AN international survey has found
the Philippines having the most number of businesses that spent time
to efficiently manage and reduce their energy consumption.
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Ayala Land
registers higher earnings, sales
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Ayala Land, Inc.’s
first-quarter net income registered double-digit growth on strong
property sales, the Philippines’ leading property developer said.
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Aboitiz unit cuts
losses
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The Aboitiz Transport System
Corp. (ATSC) reduced its net loss in the first quarter of the year
owing to prudent spending, the company disclosed to the Philippine
Stock Exchange.
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DMCI, Aussie firm
form mining venture
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DMCI Holdings Inc. announced on
Wednesday that it would form a joint venture company with an
Australian firm for mining and ore-processing projects in the
Philippines.
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AFTER a year of flat growth in
cement demand, Holcim Philippines Inc. said it would start
registering a double-digit improvement in sales volumes on the back
of higher private and public infrastructure spending...
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First Gen’s
profits up on higher revenues
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FIRST Gen Corp. said it posted a
higher net income in the first quarter on revenues from sales of
electricity, improved dispatch of power and rocketing fuel prices.
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Telco eyes mobile TV foray
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GV Broadcasting System Inc., which Philippine Long
Distance Telephone Co. (PLDT) is eyeing to acquire, will venture
into satellite mobile television (TV).
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BIZZFIZZ
By Rene Martel
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Gemphil Group
expands in Vietnam
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SLOWLY but steadily the Gemphil
Group of Companies, under the sterling leadership of Chairman Romeo
V. Cruz, is going places… as in Vietnam where the company already
has a presence in the electronic sector.
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