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Wednesday, April 30, 2008

 

DBS: Peso to further drop 
on stock market weakness

By Chino S. Leyco Reporter

THE local currency will further test its limits in the coming days as the
weakness in Philippine stocks market threatens to pull it down, the Development Bank of Singapore (DBS) said Tuesday.

In a note, DBS said the peso is no longer ignoring the weakness in the local bourse after the index, jittery over rising inflation, fell past its 18-month low at 2773.17 Monday.

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O T H E R   R E P O R T S

 

LOAN interest payments of the national government increased year on year in January to March despite the significant appreciation of the peso against the greenback.

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METROBANK Bank and Trust Corp. (Metrobank), the Philippines’ largest bank, will borrow money by issuing bonds to institutional investors in order to enhance its capital adequacy and partly finance maturity payments.

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BANGKOK: Nobel Peace Prize recipient Rajendra Pachauri Tuesday warned tourism industry chiefs they need to reduce their impact on climate change as consumers become more environmentally aware.

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STREET stalls in Quiapo are among the most notorious markets for
fake and pirated goods in the world, according to this year’s Special 301 Report of the Office of the United States Trade Representative.

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STATE-RUN LandBank of the Philippines said Tuesday that it will not set a limit on financing for agriculture sector amid rice crisis this year.

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Renewable energy firm Pangea Green Energy is set to inaugurate today in Quezon City the Philippines’ first Clean Development Mechanism (CDM) project,...

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A CONSUMER advocate group wants the government to show data on oil companies’ actual inventories to ascertain the legality of increasing pump prices.

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Preneed sales for the month of March experienced double-digit
growth from last year as life plans more than doubled its sales during the period, the Securities and Exchange Commission said on Tuesday

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Profits of Shang Properties Inc. surged by more than half last year when it adopted new accounting standards and posted higher rental income, the real estate developer disclosed to the Philippine Stock Exchange.

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The Bank of Commerce branch in Davao faces complaints from property owners who claim the bank sold their piece of real estate to another buyer.

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THE General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of the People’s Republic of China has approved eight Philippine mango companies to export fresh mangoes to China.

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SINGAPORE: World oil prices eased slightly on Tuesday as Scottish refinery workers prepared to end a two-day strike which helped send prices to record highs.

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VIEWS FROM A BRIT
By Mike Wootton

People keep saying to me that I should write about the traffic in Metro Manila, but I’ve written about that already and in any event there are volumes of comment on the Metro Manila traffic situation,...

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