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Wednesday, May 16, 2007 |
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Double-digit growth for third month |
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Filipinos abroad
send home more money |
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By Maricel E. Burgonio, Reporter
MONEY sent home by overseas
Filipino workers (OFWs) rose by double digits last March, sustaining
a trend seen since the start of the year, the Bangko Sentral ng
Pilipinas (BSP) said Tuesday.
OFW remittances coursed through
banks grew 24 percent year on year to $3.5 billion in the first
three months from $2.814 billion in the same period last year.
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BDO, EPCIB profit
climbs on fee-based, lending gains
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The Banco de Oro Universal Bank
and Equitable PCIBank posted double-digit growth in net income in
the first quarter, driven by substantial growth of the banks’ net
interest income and fee-based income.
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Greater borrowing
by financial services firms fuel bank lending
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LOANS extended by banks grew at a
faster pace in March, the Bangko Sentral ng Pilipinas (BSP) said, in
a sign that the central bank’s loose monetary policy may be
encouraging more borrowings.
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Interest rate on
two-year govt IOUs rises
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THE interest rate on government
bonds or IOUs set to be paid back in two years rose after the Bangko
Sentral ng Pilipinas opened its special deposit accounts (SDA) to
government financial institutions...
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Company
seeks regulator’s nod for scheme to reduce phone theft
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A Filipino-owned company has
asked the National Telecommunications Commission to allow its
database facility to serve as a “clearing house” that will help
reduce mobile-phone theft in the country.
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TransCo eyes World
Bank for repair funds
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The government may tap the
emergency funding assistance offered by the World Bank to speed up
the repair of the National Transmission Corp.’s (TransCo)
facilities that were damaged by supertyphoons late last year.
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Trade dept to
tighten consumer rules on e-commerce
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The government is set to review
the implementing rules that will protect consumers who purchase
goods and services using the electronic medium, the Department of
Trade and Industry announced Tuesday.
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Benpres reports
higher earnings
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Lopez family-led Benpres Holdings
Corp. reported an increase in its first-quarter net income over last
year’s level despite the drop in net earnings of its investees.
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Property firm bags
tax perks for tourism deal
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Real-estate developer RPJ
Development Inc. expects to receive fiscal incentives for its third
tourism-based hotel project in Muntinlupa City, the Board of
Investments announced Tuesday.
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PLDT’s Subic
unit to install fiber wires to boost capacity
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Subic Telecommunications Co. Inc.
(SubicTel), a unit of Philippine Long Distance Telephone Co., will
install latest fiber optic connection to increase its capacity for
data services in the Subic Bay Freeport Zone.
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Local air travel
up on budget fare offers
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THE number of domestic airline
passengers rose more than a fifth in the first quarter due to the
growing popularity of budget airlines, the Civil Aeronautics Board
(CAB) said Tuesday.
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Foreign units
boost ICTSI’s net income
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INTERNATIONAL Container Terminal
Services Inc.(ICTSI) said its consolidated net income grew more than
a third in the first quarter of the year on the back of strong
domestic and international operations.
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RFM profit
triples as volumes, prices rise
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RFM Corp. said profits during the
first quarter tripled as revenues climbed on volume growth, higher
selling prices and the sale of new products.
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VIEWS FROM
A BRIT
BY Mike Wootton
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Women in the
workforce
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Emelline Pankhurst, an English
woman started it all of course by highlighting the need for women to
be allowed to vote and to work, in some cases take over jobs until
then held only by men.
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