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Tuesday, September 04, 2007 |
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Labor productivity
in RP at region’s low end |
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By Darwin G. Amojelar Reporter
LABOR productivity in the Philippines stands at the low end of
Southeast Asian countries, according to the International Labor
Organization (ILO) said.
In a report titled, “Key
Indicators of the Labor Market,” the ILO said labor productivity
in the country stands at $7,271 per person employed, lower than
neighboring market economies such as Singapore, $47,975; Malaysia,
$22,112; Thailand, $13,915 and Indonesia, $9,022.
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Bribes in import,
export permits rampant
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BRIBES linked with import and
export permits in the Philippines are rampant, affecting the flow of
goods and services, according to a World Bank report.
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Weak exports seen
to cause trade deficit
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The country is seen to incur a
trade deficit this year, the Bangko Sentral ng Pilipinas (BSP) said
Monday.
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TransCo attracts
many investors
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A LARGE number of investors,
majority of which are foreign groups, have expressed interest to
participate in the bidding for the Philippines’ lone nationwide
transmission grid.
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Costly milk looms
in Christmas
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THE National Dairy Authority (NDA)
said Monday that the government cannot control the acceleration of
milk prices in the local market because the Philippines is highly
dependent on imports.
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Coca-Cola trims
old, hires new, workforce
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Coca-Cola Bottlers Philippines,
Inc. will open new jobs in its sales operations and downsize in
other areas in its effort to reorganize and further grow its
business.
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Japanese firm eyes
biofuel plant
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JAPANESE firm Toyo Engineering
Corp. will complete its feasibility study on an integrated coco
methyl ester manufacturing plant it plans to set up in the Ilocos
region.
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Basic Energy to
raise fresh money
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Basic Energy Corp. will conduct a
stock rights offering to raise additional funds, the company
announced Monday.
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Northern Mindanao
investments rising
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The National Economic and
Development Authority said investments in the Northern Mindanao rose
in the first quarter of the year, mostly came from the
infrastructure and services sectors.
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Mindanao to get a
third of funds
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THE Department of Agriculture has
assured legislators of buoying farm productivity and profitability
in Mindanao through a broad range of programs and projects it will
implement.
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Multitech to turn
into a mining firm
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Listed firm Multitech Investments
Corp. told the Philippine Stock Exchange it is changing its main
business from an investment company to that of a mining firm.
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PLDT beats Globe
on rates
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THE Philippine Long Distance
Telephone Co.’s international call rates to countries with large
number of overseas Filipino workers are cheaper than what rival
Globe Telecom, Inc. charges.
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BIZZFIZZ
By Rene Martel
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Sofitel in
overdrive with BMW fleet
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Since the internationally
renowned French hotel chain took over the Sofitel Philippine Plaza
(formerly Westin Philippine Plaza), it has, over the past several
months,...
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