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Tuesday, July 15, 2008 |
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Task force created
to probe
oil firms’ pricing practices
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By Euan Paulo C. Añonuevo
Reporter
The government has organized a
taskforce that will monitor oil firms’ price adjustments in light
of the soaring price of crude in the world market.
In a statement, the Department of
Energy said the government formed the task force that also includes
the Department of Justice “to take a very active role” in
assessing and evaluating all factors to ensure fair and reasonable
pricing of petroleum products as mandated under Republic Act No.
8479 or the Downstream Oil Deregulation Law.
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Task force created
to probe oil firms’ pricing practices
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THE government plans to privatize 555-megawatts of
National Power Corp.’s (Napocor) generating capacity next year, in
a bid to ensure energy security, the National Economic and
Development Authority (NEDA) said.
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Treasury sets sale
of retail bonds on Friday
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THE government said it would push through with its
planned borrowing through the sale of peso-denominated three-and
five-year retail Treasury bonds (RTBs) starting on Friday.
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Peso, stocks rise
ahead of BSP policy rate meeting
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THE peso appreciated sharply while local share prices
closed higher Monday on bargain hunting despite general caution
ahead of this week’s Bangko Sentral ng Pilipinas (BSP) meeting on
interest rates, dealers said.
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Govt debt dips
slightly
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THE government’s outstanding debt in the first four
months dipped year on year due to a lower amount of maturing
obligations, the Bureau of Treasury said Monday.
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Telcos seen
spending on rural expansion
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THE International Data Corp. (IDC) expects Philippine
telecommunication companies to spend billions of dollars as they
expand in areas outside Metro Manila.
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PLDT unit bags TV
permit
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A unit of the Philippine Long Distance Telephone Co.
(PLDT) has obtained a license from the National Telecommunications
Commission (NTC) to operate direct-to-home (DTH) satellite
television service nationwide.
text
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Sultan subsidiary
clinches Glencore coal supply deal
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A SUBSIDIARY of Sultan Mining and Energy Development
Corp. has inked a supply deal with Switzerland’s Glencore
International AG, one the world’s largest suppliers of commodities
and raw materials.
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Shell-led
consortium to drill new petroleum well
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A CONSORTIUM led by Shell Philippines Exploration B.V.
has committed to drill a well in its petroleum exploration project
in offshore Palawan.
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MANAGING FOR SOCIETY
By Maria Victoria P. Tibon
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Respect at least
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The operating funds of the Social Security System (SSS)
were almost depleted when Corazon de la Paz assumed leadership of
the institution in 2001. Benefits increasedmore than premium
contributions;...
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