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Saturday, January 12, 2008 |
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Govt may issue last of foreign
commercial borrowings–BSP
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The Monetary Board has given the national
government the go-signal to issue global bonds, thus completing the
Philippines’ entire program for foreign commercial borrowing.
Bangko Sentral Gov. Amando M. Tetangco Jr. said
the national government may, in principle, borrow $500 million from
the international market, a reduction from an earlier plan of
$1-billion worth of global bonds.
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GSIS poised to establish index funds
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STATE-RUN Government Service Insurance System (GSIS)
said Friday that it plans to put up the first exchange-traded funds
(ETFs) in the country.
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Meralco moves to hasten regulatory
decision on proposed rate structure
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The Manila Electric Co. on Friday filed with the Energy Regulatory
Commission its proposed distribution rate structure, a move to
hasten regulatory decision on its Performance Based Regulation (PBR)
application.
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Banks’ bad loan ratio up in Oct. due to
higher level of nonperforming loans
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Banks’ bad loan ratio went up in October last year amid declining
loan portfolio and higher level of nonperforming loans (NPL), Bangko
Sentral ng Pilipinas said yesterday.
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Stock market closes week up on
gains in Wall Street, gold prices
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LOCAL share prices closed higher Friday as investors chased
bargains, buoyed by Wall Street’s overnight gains and rising gold
prices, dealers said.
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Unified Multipurpose ID may be
expanded to cover everyone–NEDA
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THE National Economic and Development Authority (NEDA) said on Friday that the Unified Multipurpose Identification
(UMID)
system could be expanded to cover all citizens.
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US losing economic muscle in Asia –official
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WASHINGTON: Facing stiff competition from China and the European
Union, the United States is rapidly losing economic clout in Asia,
with its export share dropping in most of 34 countries surveyed in
the region, the US commerce secretary said Thursday.
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Dollar flat in Asian trade in
wake of
Bernanke speech
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TOKYO: The dollar was flat in Asian trade Friday as investors
digested expectations the US Federal Reserve will make a hefty
interest rate cut later this month to stave off a recession, dealers
said.
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Japanese electronic giants take on ‘e-waste’
as shift to digital broadcasting in US nears
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LAS VEGAS: Electronics titans at the world’s largest consumer
electronics trade show united to combat “e-waste” as the
deadline nears for US residents to replace analog televisions with
digital models.
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Shares likely to sag further in Japan–brokers
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TOKYO: Tokyo shares are likely to face yet another round of selling
next week after tumbling to a 26-month low on worries over the US
economy, brokers said Friday.
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Court affirms Metrobank’s liability in tax
case
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THE Court of Tax Appeals has affirmed an earlier
decision on the Bureau of Internal Revenue’s (BIR)
multimillion-peso tax deficiency case against the Philippines’
largest lender.
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Filmmaker to buy software
firm of gaming developer
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PREMIERE Entertainment Productions Inc. (PEP) said it will purchase
the existing software business and assets of a gaming developer.
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Anchor Land to concentrate
on developing Chinatown
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ANCHOR Land Holdings Inc. said on Friday it acquired full ownership
of a real-estate company at a cost of hundred millions of pesos.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Entrepreneurial
opportunities in Manila
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I walked the back streets of Metro Manila this week and I found many
promising business opportunities waiting to be tapped.
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