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Monday, April 28, 2008 |
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SPECIAL
REPORT
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Amid credit crunch, inflation
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Businesses scurry for funds
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LEILANI says she feels the pinch of rising
prices. An executive secretary at an electronics manufacturer, she
is worried her company will apply for an exemption or deferment of
the impending wage hike because in her industry, labor costs account
for 90 percent of overhead.
“As an economics graduate, I see the bigger
picture that if our company has to increase wages, we will be less
competitive,” Leilani said. “I guess they will have to
reallocate resources meant for expansion to salaries.”
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 Full
Story>>
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More companies settle
obligations ahead of maturity
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MORE private companies have settled their debts ahead of maturity in
the first two months of the year on the back of a strong peso, the
Bangko Sentral ng Pilipinas (BSP) said.
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Full
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BSP seen to keep rates
steady for rest of 2008
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THE Bangko Sentral ng Pilipinas (BSP) will hold
its interest rates until the end of the year due to concerns over
rising domestic wages and as the US Federal Reserve winds down its
own monetary easing, Standard Chartered Bank (SCB) said.
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Story>>
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Extended tax amnesty boosts BIR collection
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THE Bureau of Internal Revenue (BIR) surpassed
its target for its recent tax amnesty program after the Department
of Finance extended the same.
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Full
Story>>
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Investment pledges in Q1up for PEZA
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INVESTMENT pledges made at the Philippine Economic Zone Authority (PEZA)
rose by double-digits in the first quarter, the agency’s head said
last Friday.
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Maynilad set to borrow to
fund capex, settle debts
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THE water and sewerage concessionaire for western Metro Manila said
it will borrow money to fund capital expenditures and refinance
debts assumed from the earlier owner of Maynilad Water Services Inc.
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Story>>
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EDC eyes more projects abroad
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PHILIPPINE National Oil Co.-Energy Development
Corp. (EDC) is buying drilling equipment as part of the company’s
plan to gun for more projects abroad.
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Story>>
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ICTSI seeks tax perks for Manila expansion
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INTERNATIONAL Container Terminal Services Inc. (ICTSI) is seeking
tax perks from the Board of Investments (BOI) for the planned
expansion of its flagship facility in the Port of Manila.
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Space rental, leasing to BPOs
lift industries’ gross revenues
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OFFICE space rental and leasing operations in the business process
outsourcing (BPO) sector boosted the gross revenue of industries in
the fourth quarter of last year, the National Statistical
Coordination Board (NSCB) said.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Imponderables:
Questions are better than answers
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TODAY, in our continuing search of buzzwords, we go back to the
history of our time to explore the question: “Why did kamikaze
pilots wear helmets?”
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Full
Story>>
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