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Saturday, February 09, 2008 |
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Core business revenues however slip
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Ayala Land profit posts double-digit growth
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HOUNDED by
controversy over an explosion at its premier shopping mall and a
patent infringement case, the Philippines’ biggest real estate
developer turned in double-digit profit growth last year.
Based on documents submitted to the Securities
and Exchange Commission, Ayala Land Inc. (ALI) posted a 13-percent
growth in net income to P4.4 billion but consolidated revenues
inched up by one percent to P25.7 billion over the previous year.
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Govt to sell debt-default
insurance this month
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THE Philippines this month will sell warrants,
which would allow holders of government’s foreign-currency
denominated debt papers —also called ROP (Republic of the
Philippines) bonds—to convert these into peso-denominated IOUs in
case of default.
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Stock market ends three-day
losses with small gains
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LOCAL share prices recovered Friday as bargain hunters stepped in
after three straight days of losses, dealers said.
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Bush stimulus bill gets US Congress approval
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WASHINGTON: The US Congress has overwhelmingly approved a giant
economic stimulus plan sought by the White House amid mounting fears
that the world’s biggest economy could be sliding into a
recession.
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Campi reports vehicle sales
rise by a fifth in January
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JANUARY proved to be an auspicious start for
local assemblers, as car sales rose by almost a fifth, the Chamber
of Automotive Manufacturers of the Philippines Inc. (Campi)
announced Friday.
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Banks’ bad loan ratio at
precrisis level in Nov.
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THE share of bad or nonperforming to banks’ total loans eased
closer to pre-Asian financial crisis levels at end-November last
year, the Bangko Sentral ng Pilipinas (BSP) said.
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World Bank approves loan for TransCo
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The World Bank has approved a
multimillion-dollar loan to the Philippines to help the National
Transmission Corp. (TransCo) stabilize the power supply in Bicol
region.
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Chemrez to continue share buy-back
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CHEMREZ Technologies Inc., a leading producer of coco-biodiesel,
oleochemicals and resins, said it would continue buying back its
shares from the market amid the volatility to make the shares liquid
and align the value of its shares with the company’s fundamentals.
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Robinsons Land launches
4th Fort Bonifacio project
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THE real estate arm of JG Summit Holdings Inc. has launched its
fourth high-rise residential project in Fort Bonifacio, Taguig City
that is geared towards the middle-income market.
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Zed facing foreign ownership
issue puts on hold expansion
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ZED Philippines put on hold its planned expansion in the country as
the National Telecommunications Commission has yet to decide on
issues surrounding the company’s compliance with foreign ownership
restrictions.
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Relaxation of ERC rules on asset sale sought
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THE National Transmission Corp. (TransCo) wants the Energy
Regulatory Commission to soften its rules as the country’s power
grid operator is hard pressed to privatize its remaining sub
transmission assets (STA).
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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We need entrepreneurs to
protect our economy
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This is the best time to buy those machines, apparatus, materials
and others that you will need to make your products and service
while the peso is strong against other currencies. Now is the time
for our government to pay off our national debts as much as we could
afford without sacrificing essential services.
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Story>>
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