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Thursday, May 24, 2007 |
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Interest in power, mining projects materialize |
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Investment pledges
rise two-fold |
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By Katrina Mennen A. Valdez, Researcher
INVESTMENT pledges made in the first four months of the year rose
two-fold, according to the Philippines’ two main incentives-giving
agencies.
In a statement, the Board of
Investments (BOI) and the Philippine Economic Zone Authority (PEZA)
said total commitments made at end-April stood at P73.33 billion, or
194 percent higher than the P24.92 billion in the same period last
year. These registered investment pledges would enjoy a number of
tax and other incentives once they push through.
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Another round of
fuel price increases waiting in the wing
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THERE may be no escaping another
round of increases in gasoline, diesel and autogas due to the
continued increase in the price of oil in the international market,
industry sources said.
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BIR launches new
scheme to minimize tax avoidance, evasion
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THE Bureau of Internal Revenue (BIR)
on Wednesday launched an enhanced Tax Compliance Verification Drive
(e-TCVD) to send a strong signal to noncomplying tax payers that
they could easily be penalized.
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Peso, local stocks
retreat from record highs
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THE peso and local stocks took a
breather from their recent appreciation on Wednesday on what traders
called healthy corrections from oversold levels.
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PNOC unit,
London-based firm to build biofuel refinery
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A UNIT of state-run Philippine
National Oil Co. (PNOC) has tied up with London-based NRG Chemical
Engineering Pte. Ltd. for a jatropha refinery project worth over a
billion dollars.
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NTC gives in to
telcos, cuts data storage rule
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AFTER giving in to telecom
companies for a lower sticker fee on mobile phone units up for sale,
the National Telecommunications Commission (NTC) again succumbed to
industry pressure,...
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Aboitiz group
increases capex for power business acquisitions
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ABOITIZ Equity Ventures Inc. (AEV)
announced Wednesday that it has raised its capital expenditures (capex)
this year to finance new acquisitions, particularly in the power
distribution sector.
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Mall rental rates
expected to rise
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ELECTION-RELATED spending will
put pressure on the rental rates for retail stores in Metro Manila
malls in the next 12 months, according to Colliers International
Research.
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Metrobank raises
M. East presence
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METROPOLITAN Bank & Trust Co.
grew its remittance market in the Middle East by forging a
partnership with a Saudi-Arabia-based commercial lender.
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BIZZFIZZ
By Rene Martel
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Thumbs down for
tax on texting
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Team Unity senatorial candidate
and former presidential chief of staff Mike Defensor may be lagging
a bit in the race as the Commission on Elections poll count
proceeds,...
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