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Wednesday, September 12, 2007 |
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July exports up on
rebound
of electronic shipments |
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By Darwin G. Amojelar Reporter
PHILIPPINE exports rose in July
owing to a recovery in electronics shipments, the country’s major
dollar-earning commodity.
The National Statistics Office (NSO)
said exports for the month grew 4.5 percent to $4.196 billion from
$4.016 billion in the same period last year.
The July performance allowed the
country’s merchandise exports to grow 6.3 percent in the first
seven months of the year, lower than the government’s full-year
target of 12 percent. The seven-month export receipts amounted to
$28.733 billion from $27.029 billion last year.
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RP’s dream
growth attainable this year, says US think tank
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THE Philippines’ dream economic
growth rate is attainable this year and next, according to a United
States-based think tank.
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Peso, local share
prices slump on impending Estrada verdict
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THE peso and local share prices
fell on Tuesday due to concerns over possible unrest stemming from
the impending verdict of deposed President Joseph Estrada.
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Court grants
AMLC’S request to freeze PIPC’s bank accounts
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THE Court of Appeals has granted
the Anti-Money Laundering Council’s (AMLC) request to issue a
freeze order against the bank accounts of Performance Investment
Products Corp....
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Smart, UAE telco
tie up to offer remittance service via cell phone
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SMART Communications Inc. on
Tuesday said it has partnered with a United Arab Emirates-based
telecom operator to develop and launch an international money
transfer service through mobile phones.
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Area subject of conflicting claims
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British firm sells
stake in Palawan oil, gas prospects
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UNITED Kingdom-based Forum Energy
Plc. has signed an agreement for the sale of a third of its stake in
its oil and gas prospect off the coast of Palawan to Monte Oro
Resources & Energy, Inc.
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Ayala Corp. to buy
back shares to boost stock price
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AYALA Corp. announced on Tuesday
its creation of a share buyback program to enhance the price of its
stock.
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Filinvest,
EastWest Bank to develop condo units jointly
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FILINVEST Development Corp. (FDC)
told the Philippine Stock Exchange on Tuesday that it signed an
accord with its banking unit for a joint development project in Fort
Bonifacio, Taguig City.
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Nido all set to
develop oil wells in Galoc this month
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NIDO Petroleum Ltd. announced
that the drilling vessel contracted to develop oil wells in the
Galoc field is expected to arrive in the Philippines by early
October.
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Govt to test rice
shipment from US for GM traits
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STATE-run National Food Authority
(NFA) said Tuesday that the United States’ rice exports will be
subject to tests to verify the presence of genetically modified (GM)
traits.
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Asian Hospitals,
property unit merge
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ASIAN Hospitals Inc. (AHI), the
operator of Asian Hospital and Medical Center in Alabang, will merge
with its property unit to simplify their legal structure and for
efficiency and cost effectiveness.
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Oil prices near
fresh record high
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SINGAPORE: World oil prices came
within sight of a fresh record in Asian trade on Tuesday as OPEC
ministers headed into crunch talks over the cartel’s output.
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China’s trade
surplus, inflation soaring
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BEIJING: China’s inflation hit
its highest rate in almost 11 years in August while the nation’s
trade surplus soared again, official data showed Tuesday, signaling
more interest-rate hikes.
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VIEWS FROM
A BRIT
By Mike
Wootton
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Expect the
unexpected
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“A country which always holds
the unexpected in store, that rouses high hopes and seldom satisfies
them, and yet charms the bitterness out of disappointment.”
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