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Tuesday, April 01, 2008 |
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BSP: Inflation to breach target
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THE Bangko Sentral ng Pilipinas (BSP) expects
inflation to breach its target for the year, with price increases
seen to have accelerated further last month due to record prices of
oil and food products.
BSP Gov. Amando Tetangco Jr. said inflation for
March is projected to be within the range of 5.3 percent to 5.9
percent.
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Philippine foreign debt rises on weak dollar
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THE Philippines’ outstanding external debt rose last year, as
foreign exchange revaluations and net loan availments went up due to
a weak dollar against other currencies, the Bangko Sentral ng
Pilipinas (BSP) said Monday.
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Govt fails to secure short-term
borrowings anew
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THE government on Monday failed to complete its
short-term borrowings for the year, as investors pushed up the rate
for the one-year debt paper.
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Globe bucks plan to open
SMS service to non-telcos
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GLOBE Telecom Inc. is bucking a plan of the
National Telecommunications Commission (NTC) to classify short
messaging system (SMS) or text messaging as a value added service.
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Basic Energy, Chevron signs
possible biofuel supply agreement
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BASIC Energy Corp. announced on Monday that it
signed an agreement with Chevron Philippines Inc. for a joint study
on the feasibility of an ethanol supply contract.
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Manila Water to incorporate new
subsidiaries
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Manila Water Co., a unit of the Ayala group,
will incorporate two subsidiaries that will handle its domestic and
foreign expansion and allow fund-raising activities independent of
its parent.
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IPVG unit buys US firm
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IPVG Corp. told the Philippine Stock Exchange on Monday that its
wholly owned unit has bought US-based Interactive Teleservices Corp
(Influent) through cash and shares to be issued to the selling
shareholders.
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BayanTel reports net income surged in 2007
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Bayan Telecommunications Inc. on Monday announced that its net
income surged last year on the back of higher revenues from its
voice services.
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Stonemaker to ship to Iran
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PIEDRA Systems Inc. will ship manufactured stones to Iran, a company
executive said Monday.
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Empire East launches
transit-oriented projects
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Middle-income residential condominium developer Empire East Land
Holdings Inc. announced Monday the simultaneous launching of its
three “transit-oriented” projects within Metro Manila.
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BIZZ
FIZZ
By Rene Martel
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Food for thought from Senator Loren
Legarda
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TIME was when the Philippines could claim to be one of the rice
bowls of Asia. But, alas, now though not exactly with begging bowl
in hand but more like check book, the Philippines has to go shopping
elsewhere in the Asian neighborhood for this most basic staple
without which no Filipino dinner table is complete.
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MANAGING
FOR SOCIETY
By Dr. Emiliano T. Hudtohan
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Relearning the ABCs in Singapore
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(Continued from last week)
Buddha himself maintained that the secret of
each person’s complete fulfillment lies within, and is not
dependent on any supernatural power or future life. He taught that
each one holds the key to personal redemption, salvation, guidance,
and liberation. What is Buddha’s path to virtue?
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