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Saturday, July 19, 2008 |
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Government raises
fresh
funds from retail bond sale
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By Chino S. Leyco Reporter
THE Philippines raised billions
of pesos on Friday with the auction of retail Treasury bonds (RTBs),
which are IOUs meant to be sold to small investors.
Unlike regular T-bonds, RTBs
cater to small investors because they can buy the investment
instrument for as little as P5,000.
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IMF cuts GDP
forecast for developing countries
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THE International Monetary Fund (IMF) cut its growth
projections for developing economies, due to rising inflation and a
US slowdown.
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Napocor to file
new rate-hike petition
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STATE-OWNED National Power Corp. (Napocor) will file
another rate-hike petition under its generation and foreign exchange
charges next month.
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Peso climbs,
stocks fall after BSP tightening
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THE peso rose while local stock fell a day after the
Bangko Sentral ng Pilipinas (BSP) raised its key interest rates to
temper rising inflation.
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Building permit
approvals fall nationwide
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THE number of approved building permits nationwide
dropped by double-digits in the fourth quarter of last year owing to
higher construction material costs, the National Statistics Office (NSO)
reported Friday.
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Asean, European
markets set subdued
tone after volatile trading week
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LONDON: Asian and European stock markets were subdued
on Friday at the end of a highly volatile week for global equities
amid stubborn investor jitters over the US banking results season.
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Asean ministers to
tackle soaring prices of oil, food
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SINGAPORE: Ministers from the 10-nation Association
of Southeast Asian Nations Asean) are expected to hammer out
possible solutions to rising oil and food prices amid warnings
inflation could threaten political...
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Bank of Japan
governor warns on energy prices
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TOKYO: Japan’s central bank chief warned Friday to
pay attention to the risks from soaring energy prices, saying that
policymakers underestimated the impact of the oil shocks in the
1970s.
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Atlas subsidiary
to resume copper production in Cebu
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ATLAS Consolidated Mining and Development Corp. said
its subsidiary is set to resume its copper production in Toledo,
Cebu, with the near completion of its rehabilitation.
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Philodrill
resumes crude deliveries to Pilipinas Shell
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PHILODRILL Corp. has resumed production in its
oilfields in offshore Palawan after complying with maritime
standards.
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US-based BPO
services firm to open first facility in RP
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A US-BASED provider of high value business process
out-sourcing (BPO) services to the communications industry worldwide
is set to put up its first facility in the Philippines this month,
its chief operating officer said Friday.
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EDC spent bulk of
share-sale proceeds on expansion projectss
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ENERGY Development Corp. (EDC) said that it has used
up the bulk of the proceeds of its maiden sale of shares
a year ago.
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Citibank,
Rustan’s tie up for consumer credit service
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CITIBANK N.A. has partnered with Rustan Commercial
Corp. to expand the bank’s credit card business in the mass
affluent market.
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Learning
& innovation
Moje Ramos-Aquino, FPM
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I miss my Cebu
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I have mixed emotions about the revolutionary changes
that Cebu has been continuously undergoing in the past 10 years. I
miss the Cebu of 10 years ago.
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