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Saturday, July 12, 2008 |
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Fresh fare hike may
fuel higher inflation–BSP
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By Maricel E. Burgonio, Reporter
THE Bangko Sentral ng Pilipinas (BSP)
is not discounting the possibility of inflation accelerating even
further this year in light of a fresh increase in public transport
fares.
BSP Gov. Amando Tetangco Jr. said
monetary authorities are likely to revise their inflation forecast
for this year due to the new wave of fare adjustments. The BSP
earlier said inflation would peak at 11 percent to 12 percent in the
third quarter of the year, before easing well into next year.
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South Australia
courts skilled Filipinos
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THE government of South Australia is courting skilled
Filipinos to migrate and work Down Under.
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Psalm assures
Sept. compliance with Epira
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AFTER several delays, state-run Power Sector Assets
and Liabilities Management Corp. (PSALM) said it would meet its
privatization threshold under the government’s power sector reform
program in three months’ time.
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BTr sets minimum
volume for retail bond sale
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THE government has set the minimum volume for its
planned borrowing through the retail sale of Treasury bonds or IOUs.
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Stocks, peso end
week lower
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LOCAL share prices closed lower Friday on continued
concern over the state of the US economy, dealers said.
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ADB lends
technical support, funding
to wind project proponent in Ilocos Norte
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Multilateral lender Asian Development Bank (ADB) will
provide technical assistance to a Philippine company eyeing to set
up a wind power project in the country.
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After Palace order
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DOE eyes more
exploration deals
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THE Department of Energy expects to award another
geothermal and at most five coal exploration contracts in the coming
weeks.
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Metrostar Ferry to
expand destinations
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Metrostar Ferry Inc. that operates a line between
Mall of Asia (MOA) in Pasay City and Cavite City will link up with
the Pasig River Ferry to expand destinations.
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Ford Phils
optimistic despite drop in sales
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Ford Motor Company Philippines is optimistic about
meeting its sales targets this year, especially about moving its
fuel-efficient cars, said its president, Rick Baker.
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Pilot project set
up to make biofuels in RP
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Japanese, South Korean and Philippine investors have
set up a pilot project to develop biofuels in Mindanao, officials
said Friday.
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Agri fund loan
now accessible to farmers
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THE Department of Agriculture on Friday announced
that palay growers and other small farmers may avail themselves of
low-interest loans to be secured by Agricultural Guarantee Fund Pool
(AGFP).
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BPI secures lead
in remittance business
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BANK of the Philippine Islands (BPI) secured its
leading position in the remittance business, having recorded the
biggest volume of transactions last year, according to the Bangko
Sentral ng Pilipinas (BSP).
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Megaworld, Korean
property firms
tie up for township project in Global City
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MEGAWORLD Corp. expects multibillion-peso sales from
the partnership it entered with two Koren real estate companies for
its latest residential tower at the McKinley Hill township project
in Fort Bonifacio Global City.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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Eat and run
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“We have only about 50 seats in the ground floor
dining area and 120 upstairs, but we gross an average of P70,000 per
day. We used to do a minimum of P110,000 before the Quezon City
government started digging..
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