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Saturday, January 05, 2008 |
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Peso close to hitting 40-to-a-dollar
on weak greenback
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THE peso closed to an almost eight-year high due
to the weakness of the dollar and large remittance inflows.
At the Philippine Dealing System, the local
currency closed at 41.010 against the greenback on Friday from its
closing price of 41.080 last Thursday.
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Roadblocks cleared for MRT
7
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UNIVERSAL LRT Corp. (ULC) has accepted the four
conditions the government set for the implementation of the Metro
Rail Transit Line 7 (MRT-7) project, paving the way for the award of
the contract to the proponent, the National Economic and Development
Authority (NEDA) said Friday.
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BIR undertakes fresh pardon of tax penalties
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THE Bureau of Internal Revenue (BIR) issued new
regulation allowing delinquent taxpayers to forgo payment of
penalties, surcharges and interest on disputed and litigated
assessments.
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TransCo, Hyundai sign multibillion-peso deal
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NATIONAL TRANSMISSION CORP. (TransCo) has signed
a deal with Korean firm Hyundai for a multibillion-peso power
transmission project in Mindanao.
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PT&T denies Digitel’s
claim it interferes with signal
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PHILIPPINE TELEGRAPH & TELEPHONE CO. (PT&T) has denied the
allegations of signal interference made by Digital
Telecommunications Philippines Inc. (Digitel).
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Philex produces gold, copper in December
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PHILEX MINING CORP. reported that it extracted less than a billion
pesos worth of minerals from its operations last December.
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RP’s first exporter of frozen
banana products secures tax perks
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SAGREX FOOD INC. has secured tax incentives and other perks from the
Board of Investments (BOI), the agency said Friday.
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Pacifica extends loan to mining firm
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PACIFICA INC. told the Philippine Stock Exchange that it has
extended a loan to a mining company to finance its activities in
tenements in Mindanao.
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Bangko Sentral says local lenders will be
performing better this year
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LOCAL lenders will perform favorably this year due to the increase
in public sector investment, the Bangko Sentral ng Pilipinas (BSP)
said.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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New Year’s wishes
for corporate social responsibility
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From the airplane up there, Manila was an attractive sight with all
the Christmas lights glowing, blinking, dancing. It was even
brighter than Singapore because their Christmas lights were
concentrated only along Orchard and Scotts Roads. We should declare
a year-round Christmas celebration!
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