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Monday, April 14, 2008 |
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Costlier summer air travel
looms as jet fuel price rises
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AS the Philippines’ summer season kicks off,
travelers are likely to fork out a bigger sum for tickets as
airlines seek higher fuel surcharges to mitigate the impact of more
expensive jet fuel.
In separate applications filed before the Civil
Aeronautical Board (CAB), Philippine Airlines and Cebu Pacific, the
country’s two leading carriers, sought permission to increase the
surcharges on their domestic flights.
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Inflation fears to dictate
pace of stock market
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LOCAL share prices are expected to be dictated by fears of rising
inflation, spurred by high food prices, over the coming week,
dealers said last Friday.
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BIR expects new record April tax collections
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THE Bureau of Internal Revenue (BIR) expects
record tax collections this month.
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RP economy to grow
within govt target, says BSP
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THE Bangko Sentral ng Pilipinas (BSP) said the
country’s economic growth is likely to fall within the
government’s forecast despite high oil and food prices.
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Cost of NIA projects shoot up
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PROJECTS under state-run National Irrigation
Administration (NIA) have incurred cost overruns amounting to
billions of pesos owing to the rapid appreciation of the peso and
delays in implementation, the National Economic and Development
Authority (NEDA) said.
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Petron eyes BOT contract
for oil depot transfer
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PETRON Corp. may enter into a build-operate-transfer (BOT) contract
for the relocation of its oil depot in Pandacan, its top executive
said.
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Market return to normalcy key to share sale
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SMC unit, Cebu Pacific put off IPO
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TWO more companies that had planned to go public
this year have deferred their maiden share sale, preferring to wait
for financial markets to calm down.
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GSIS, beer brewer unit
in joint property project
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STATE-RUN Government Service Insurance System (GSIS) and the real
estate arm of San Miguel Corp. announced they would develop a
high-end hotel in the Philippines’ premier financial district.
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Belle, SM group may tie
up for hotel, casino venture
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BELLE Corp. may tie up with the SM group for a hotel-casino project
in the Bagong Nayong Pilipino-Manila Bay Integrated Tourism City.
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Chemrez profit up on higher margins
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Chemrez Technologies Inc. announced that its profit last year grew
five times on the back of better profit margins across most of its
products.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Geoengineering:
Theory must be washed down by spit rain
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AS a manager, I believe I should be up on my toes to do something
out of the ordinary or to put it in a management, business-like,
expert way—to think outside-of-the-box.
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