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Friday, April 11, 2008 |
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Exports remain resilient in February
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PHILIPPINE sales of goods abroad grew by
double-digits in February on higher electronics shipments and
renewed sales to the United States, the National Statistics Office (NSO)
said.
The NSO reported that export earnings that month
rose 10.7 percent to $4.118 billion from $3.721 billion in the same
period last year.
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Foreign direct investments
rise at start of the year
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FOREIGN direct investments (FDI) grew in
January, supported by increased capital infusion in the banking,
manufacturing, construction, real estate and mining industries, the
Bangko Sentral ng Pilipinas (BSP) said.
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RP slips in list of IT economies
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THE Philippines dropped several notches in the global list of
network-ready economies, lagging behind its Asian peers, according
to the World Economic Forum (WEF).
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Pandacan case a bad omen,
say foreign traders
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FOREIGN business groups warned that local
governments’ (LGU) penchant for reclassifying land on a “whim”
is a serious disincentive to investments.
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Finance rules out peso EXCUSE for Customs shortfall
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First-quarter collection target met–BIR
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THE Bureau of Internal Revenue (BIR) said it hit
its first-quarter collection target, with revenues growing by
double-digits from last year.
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BSP failed to foresee higher
inflation–Bear Stearns
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BEAR, Stearns & Co. Inc. said the Bangko Sentral ng Pilipinas (BSP)
failed to see the rapid rise of inflation, forcing monetary
authorities to hike interest rates in the coming months.
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Govt to bid out Amlan
hydroelectric power facility
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STATE-RUN Power Sector Assets and Liabilities Management Corp.
(PSALM) has opened the bidding for the Amlan hydroelectric power
plant in Negros Oriental.
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PAL resumes local inter-island operations
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PHILIPPINE Airlines announced on Thursday its
plan to acquire up to nine turbo-propeller aircraft to serve its
revived inter-island operations.
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Robinsons Land sets sights on
OFW, middle-income
markets
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THE real-estate arm of JG Summit Holdings Inc. told the Philippine
Stock Exchange on Thursday that it is expanding in Antipolo, Rizal,
through its new horizontal project.
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Sultan Mining to retire debt with Export Import
Bank after planned IPO
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SULTAN Mining and Energy Development Corp. said it plans to retire
its entire loan with Export and Import Bank (EIB) a month after its
planned listing in the Philippine Stock Exchange.
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PNOC taps ING Bank for
possible Petron buyback
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STATE-OWNED Philippine National Oil Co. (PNOC) has tapped ING Bank
as co-lead financial advisor to help it determine whether or not it
will acquire Saudi Aramco’s shares in Petron Corp.
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Sun Life sales surge on mutual funds
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SUN Life Financial-Philippines announced that sales across its three
products surged last year.
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Cebu Pacific opens Manila-Kota
Kinabalu flights, offers promo fares
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CEBU Pacific announced on Thursday that it will start flying a
direct service from Manila to Kota Kinabalu, Malaysia, on July 18
this year.
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Stocks slip on record world oil prices
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LOCAL share prices closed lower on Thursday due to fears over
record-high oil prices and a looming US recession, dealers said.
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