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Friday, July 11, 2008 |
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Exports in May slow down
as electronics shipments fall
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SALES of
Philippine-made goods slowed in May, dragged down by a contraction
in electronics shipments abroad, the government reported Thursday.
The National Statistics Office (NSO) said export
earnings that month crept up by 2.3 percent to $4.22 billion, easing
from the 6.3-percent rise in the same period last year. In April,
exports had grown 4.9 percent to $4.32 billion.
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SSS net income jumped five-fold
year on year, reports outgoing chief
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THE outgoing president of state-run Social
Security System (SSS) said reforms aimed at ensuring the financial
viability of the pension fund for private-sector workers would be
sustained despite her departure.
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Palace orders energy
dept to expedite contracts
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Malacañang has ordered the Department of Energy
to fast track the awarding of energy exploration contracts to
mitigate the effects of high crude prices.
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Krispy Kreme local franchise
exceeds first-half sales target
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THE local franchise of Krispy Kreme remains unaffected by high
inflation and worldwide economic crunch besetting many food
companies, according to Christian Joseph, senior director for
Asia-Pacific franchise operations of the doughnut chain.
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ICT firms told to tap social networking
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PHILIPPINE information and communication
technology (ICT) firms should take a closer look at business
prospects in social networking solutions and mobile virtual network
operators (MVNO) in the coming years...
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PAL’s new budget unit to expand
domestic flight destinations next week
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THE new budget unit of Philippine Airlines (PAL) said it will expand
its domestic flight destinations from its secondary hub in Manila
next week.
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First Pacific unit in RP biofuels tie-up
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THE Philippine unit of Hong Kong-listed First
Pacific Co. Ltd. will team up with Basic Energy Corp. for a number
of alternative fuel projects.
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ICTSI now controls Cotabato terminal
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INTERNATIONAL Container Terminal Services Inc. (ICTSI) has purchased
majority control over a holding company that owns a cargo terminal
in Cotobato City.
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Abacus, Kuwait royalty pursue leisure project
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ABACUS Consolidated Resources and Holdings Inc. said it will pursue
its plan to partner with one of Kuwait’s royal families for a
leisure project south of Manila.
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IPVG sign strategic partnership
with Vietnamese firm
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IPVG Corp. said it has signed a Memorandum of Understanding to enter
into a strategic and commercial partnership with a leading Vietnam
information and communication technology company.
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Stock market closes lower
following days of upturn
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LOCAL shares closed lower on Thursday on profit-taking following a
rise earlier in the week, dealers said.
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