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Thursday, Novenber 01, 2007 |
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Peso closes at fresh seven-year high
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Money supply growth
eases
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By Maricel E. Burgonio Reporter
THE country’s money supply grew
at a slower pace for a fifth month in September, giving the Bangko
Sentral ng Pilipinas (BSP) more flexibility in its interest rate
policy-making.
In a statement, BSP Governor
Amando M. Tetangco Jr., said the growth of domestic liquidity or M3
slowed down to 11.4 percent in September from 14.9 percent in
August.
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Stock market
closes lower ahead of Fed meeting
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LOCAL share prices closed lower on Wednesday amid
cautious trading just ahead of the United States Federal Reserve’s
decision on interest rates and a four-day holiday.
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Mindanao airport
devt project a failure, says ADB
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THE Asian Development Bank (ADB) said an airports
development project in Mindanao it funded was unsuccessful, causing
congestion at the Manila airport and limiting trade in the region.
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PETPlans preneed
policyholders
to get relief on rehab plan implementation
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PETPlans, Inc. announced that its court-approved
rehabilitation plan is ready for implementation, as details and
logistics have finally been threshed out with Bank of the Philippine
Islands (BPI),...
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SM group sells
stake in San Miguel
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SM Investments Corp. (SMIC), the holding company of
the SM group, announced on Wednesday that it would be selling its
stake in San Miguel Corp. (SMC) to the food and beverage
conglomerate’s retirement fund.
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Loans lift BPI net
income
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STRONG demand for consumer loans helped Bank of the
Philippine Islands (BPI) grow its profits in the first nine months
of the year despite financial market volatilities.
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Bohol beach resort
operator secures tax incentives
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Eskaya Beach Resort Corp. an upscale resort in Bohol
province has secured tax incentives and other perks from the Board
of Investments (BOI) for the construction of its tourism-oriented
facilities.
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ERC approves capex
of electric cooperatives
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The Energy Regulatory Commission (ERC) has approved
the capital expenditure projects of electric cooperatives in Negros,
Nueva Vizcaya, and Isabela.
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Metrobank recovers
top spot with asset boost
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METROPOLITAN Bank and Trust Co. further expanded its
assets in the first nine months of the year.
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New Zealand firm
bats for digital TV technology
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A NEW Zealand firm is pushing for the Philippines’
adoption of a technology for the local migration to digital
terrestrial television.
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Govt revises
sugar output target
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STATE-RUN Sugar Regulatory Administration (SRA) has
realigned its production target for the current crop year due to the
low domestic supply of the commodity in the country.
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Gas pipeline
project lures foreign firms
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TWO foreign oil and gas giants have expressed
interest in the gas project linking Manila pipeline to Batangas and
Bataan as proposed by the Philippine National Oil
Company-Exploration Corp.
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RP agri posts
multimillion-dollar sale in Germany
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THE Department of Agriculture said Wednesday that the
Philippines’ top food manufacturers generated multimillion-dollar
sales in Germany.
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BIZZFIZZ
By Rene Martel
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Insider trading
allegations at telecom entity
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A BRITISH company dealing in the supply of wallpaper,
ring tones and icons to the telecom industry is believed to be
probing its Filipino principal over allegations of possible insider
trading.
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