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Monday, January 28, 2008 |
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RP to weather US recession–foreign banks
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MINERAL and farm exports would help Asian
countries like the Philippines weather an expected recession in the
world’s largest economy, according to pundits.
Stephen Corry, Merrill Lynch head of investment
strategy, said countries like the Philippines would remain “fairly
resilient” since it can rely on agriculture and mineral exports to
China, India and other economies outside the US.
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Viva Communications trims low-end
of price range for shares
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VIVA Communications, the entertainment outfit set to sell shares to
the public for the first time next month, trimmed the low-end of its
price range to give it elbow room to adjust in an extremely volatile
market, its lead underwriter said.
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BIR lobbies for lower revenue
target
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AFTER the Bureau of Customs, it’s now the Bureau of Internal
Revenue’s (BIR) turn to seek a reduction in its collection target
this year.
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Cebu Pacific outflanks PAL in local
routes
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IT’S official. Cebu Pacific carried more
domestic passenger last year, overtaking close rival Philippine
Airlines (PAL), the Civil Aeronautical Board (CAB) said.
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Dollar deposits up in 2007
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DEPOSITS with the country’s foreign currency deposit units (FCDU)
increased last year due to the growth in both resident and
nonresident placements, the Bangko Sentral ng Pilipinas (BSP) said.
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Government removes tariffs
on most Asean imports
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THE Philippines finally removed import duties on
most product and service categories as part of its commitment under
the Asean Free Trade Area (AFTA).
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Smart, Piltel penalized
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THE National Telecommunications Commission (NTC) has penalized the
wireless units of Philippine Long Distance Telephone Co. (PLDT) for
unfair rate discrimination practices against rival companies.
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New fees on telcos imposed
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IN A bid to raise revenues, the National Telecommunications
Commission (NTC) is set to impose new fees on the industry.
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Former Energy secretary
warns vs. changes to Epira
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ATTEMPTS by lawmakers to amend the Electric Power Industry Reform
Act of 2001 (Epira) may deter much-needed investments that are
already trickling in the power sector, a former energy secretary
warned.
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Rockwell to build highrises
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THE real-estate arm of the Lopez group has allotted billions of
pesos for the construction of a residential high-rise condominium
and office buildings for business process outsourcing (BPO)
developments this year.
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Autogas patrons increasing,
but market growth still slow
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THE number of vehicles running on liquefied petroleum gas (LPG)
across the country has doubled from last year, the Department of
Energy said.
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Can India and China save
the world’s economy?
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SHANGHAI: With fears mounting of a global economic slowdown, some
analysts predict developing giants China and India, with their
booming growth, will help lessen the impact.
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Currencies strengthen against dollar
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HONG KONG: Most currencies gained slightly on the greenback as fears
over the global economy continued but the yen lost ground after
reaching a two-and-a-half year high.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Theory of
Constraints: Defining the real problem
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OUTSOURCING is one strategic solution to a management problem.
Or is it? But what if a contractor fails to justify its
existence as a decent business partner of major firms?
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