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Friday, January 11, 2008 |
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Electronics shipments contract
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Exports slip amid rising peso
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SALES of Philippine-made goods abroad slipped in
November owing to weak electronic shipments, the government said
Thursday. The National Statistics Office (NSO) reported that exports
in November went down by 2 percent to $3.951 billion from $4.031
billion in the same month in 2006. This was after a 10.5-percent
expansion in October when revenues reached P4.648 billion.
The November decline led the 11-month exports
performance to rise by just 4.76 percent, way below the government
target of 8 percent last year.
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Debt service payment plan raised
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THE Philippines raised its planned debt service
payments this year.
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Foreign interest in peso assets surge in 2007
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FOREIGN interest in peso-denominated assets such
as shares of Philippine listed firms and government debt papers
surged in 2007...
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Stock market snaps losing streak
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LOCAL share prices closed higher on Thursday as investors snapped up
bargains after encouraging overnight gains on Wall Street, dealers
said.
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Not now, DTI says on tightening tax perks
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The government may not push through with its
plan to tighten its policy on giving income tax holidays under this
year’s Investments Priorities Plan, the Department of Trade and
Industry top official said Thursday.
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Govt to help ease Nestlé’s tariff woe
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The government is set to assist the Swiss-based food giant Nestlé
Group in getting around the tariff rates being slapped by Asean
countries on the company‘s breakfast line.
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Metrobank to pay shareholders
dividends in Feb
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Metropolitan Bank & Trust Co., the Philippines’ largest bank,
has the nod of the Bangko Sentral ng Pilipinas to declare the cash
dividend to be paid to its stockholders next month.
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BPI: Bank lending to pick up this year
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LENDING is expected to pick up this year on the
back of successive cuts in the Bangko Sentral ng Pilipinas’ (BSP)
key interest rates, the country’s second-largest bank said
Thursday.
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Anchor Land acquires real estate firm
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ANCHOR Land Holdings Inc. on Thursday disclosed it has acquired 100
percent of the outstanding capital stock of Gotamco Investment
Realty Corp.
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PLDT all set to venture into
submarine cable system
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THE National Telecommunications Commission (NTC) has approved the
investment of Philippine Long Distance Telephone Co. (PLDT) in the
construction of a multimillion-dollar international and local
submarine cable network aimed at addressing the rising demand for
Internet broadband bandwidth.
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Local firm plans free wireless
Internet access nationwide
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WIGO Corp. on Thursday announced its plan to provide free wireless
Internet access service in key cities and provinces nationwide.
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i-Remit reports rise in remittance
volumes on back of OFW money
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i-REMIT Inc. on Thursday announced that the volume of remittances it
handled rose by more than a third last year on the back of higher
overseas Filipino workers (OFWs) money sent home during the
Christmas season.
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