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Wednesday, February 13, 2008 |
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Philippines misses
export growth goal
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By Darwin G. Amojelar, Reporter
PHILIPPINE merchandise exports
last December grew at their fastest pace in ten months, but not
enough to attain the government’s target last year as a strong
peso and weak electronic shipments slowed expansion.
The National Statistics Office (NSO)
reported that exports last December jumped 21.4 percent to $4.478
billion from $3.690 billion in the same month in 2006.
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BIR sees tax
amnesty collection shortfall
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REVENUES raised so far from the Bureau of Internal
Revenue’s (BIR) tax amnesty program are way below target,
according to an official.
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BSP hints at
steady overnight rates,
monitors domestic liquidity closely
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THE Bangko Sentral ng Pilipinas (BSP) on Tuesday said
it remains cautious over the country’s large dollar inflows,
hinting that it would likely keep current overnight rates unchanged.
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Stock market
recovers on Wall Street gains
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LOCAL share prices closed slightly higher Tuesday in
cautious trading, with sentiment helped by modest gains on Wall
Street overnight, dealers said.
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Investors try,
fail to bid up long-term rates
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THE government failed to secure four-year loans,
after it rejected all bids for Treasury bonds or IOUs of that tenor,
as investors sought a premium for lending money to the Arroyo
administration,...
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RP carriers take
positions to develop air hubs
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THE Philippines’ two largest airlines are
positioning to develop alternative hubs to accommodate their
respective fleet expansion.
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GOCC, GFI
remittances improved
amid weak BIR, Customs collections
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THE Department of Finance said that remittances to
the national government of state-owned and controlled corporations (GOCCs)
and government financial institutions (GFIs) improved last year.
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End of
Manila-Frankfurt run seen to hurt tourist arrival
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The country may not achieve its growth rate target in
tourist arrivals this year following the end of Manila-Frankfurt
flights.
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DOE moves to phase
out incandescent bulbs in two years
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The Department of Energy plans to phase out
incandescent bulbs from the country in two years’ time to promote
energy conservation and efficiency.
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PLDT allots capex
to fund network expansion this year
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PHILIPPINE Long Distance Telephone Co. (PLDT) on
Tuesday said its capital expenditure this year would fund its
network infrastructure expansion.
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Alaska profit
jumps on back of higher volume growth
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ALASKA Milk Corp. announced on Tuesday that profits
last year surged on the back of higher volume growth, mainly driven
by the strong performance of its core milk products...
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PNOC-EDC to build
more geothermal fields as demand increase
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PHILIPPINE National Oil Co.-Energy Development
Corp.(PNOC-EDC) plans to develop several geothermal fields to cash
in on an anticipated demand for power in the country in the next
couple of years.
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Smart unit
completes acquisition of Cruztelco
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THE broadband unit of Smart Communications Inc. has
completed the purchase of a Mindanao-based telecom company,
according to Philippine Long Distance Telephone Co. (PLDT).
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VIEWS FROM
A BRIT
By Mike Wootton
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Coconuts
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There is a much debated statement that falling
coconuts kill about 150 people a year worldwide. Although the
statement is contested it wouldn’t surprise me if it were accurate
or even understated.
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