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Saturday, April 19, 2008 |
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RP eyes garment-hub status
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YEARS after it lost a prized quota with the US,
the Philippines is drafting a “blue print” aimed at reviving the
garment industry, transforming it into Asia’s hub and the
country’s single biggest job-generating industry.
Ma. Teresita Jocson-Agoncillo, executive
director of the Confederation of Garments Exporters of the
Philippines (Congep) told The Manila Times that local products are
15 percent more expensive than those of China.
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Peso slides on rising investor risk aversion
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INVESTOR risk aversion pulled down the peso this
week, with traders expecting the local currency to succumb to
further downward pressures next week.
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Red-hot oil prices continue higher
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SINGAPORE: Soaring oil prices continued higher in Asia on Friday,
trading above $115 on the back of a weakening US dollar that has
helped drive a series of record highs, analysts said.
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Govt cuts lending rates
for electric cooperatives
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STATE-RUN National Electrification
Administration (NEA) cut its lending rates for electric cooperatives
to reflect recent market developments and help the utilities improve
their operations.
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BIR levies taxes on corporate directors’ fees
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ALL fees received by directors in corporate
boards are subject to withholding and value added taxes, the Bureau
of Internal Revenue clarified Friday in a revenue memorandum signed
by BIR Commissioner Lilian Hefti.
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URC bullish on int’l business
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DESPITE the uncertainties brought about by the
global economic slowdown and high inflation, the maker of C2 drinks
and Jack ‘n Jill snacks said it expects revenues from its
international business to grow by double-digits on the back of
strong performance from its Thailand and Vietnam operations.
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Robinsons Land to build
new shopping malls, hotels
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TO keep up with competition, the real property arm of the Gokongwei
group announced it is ramping up its mall expansion nationwide even
as it plans to build more hotels to cash in on the growing tourism
industry.
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MacroAsia takes out loan
for airline, mining units
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MACROASIA Corp. announced that it took out a loan to finance its
expansion in Clark Airport and nickel exploration in Palawan.
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World tourism sector bucks gloom
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PARIS: Global tourism leaders gather Sunday in Dubai to plot future
strategy for an industry, which, despite a slight downward revision
of annual growth estimates, is easily bucking present economic
trends.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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South Africa is good
for the soul
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Most everything in Cape Town is expensive, but it is all worth it
and more.
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