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Tuesday, July 22, 2008 |
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BPO space, condo glut seen
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PROPERTY research firms warned of a looming glut
in the business process outsourcing (BPO) office space and
condominium segments of the local industry.
In its first-quarter Philippine market overview,
Colliers International Research said developable land values in the
country’s central business districts (CBDs) will be flat next year
owing to the oversupply of BPO office space and residential
condominiums.
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Story>>
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Stocks rise on select bargain hunting
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LOCAL share prices closed higher Monday as investors hunted for
bargains, spurred by lower crude oil prices and gains on Wall
Street, dealers said.
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Rate hike to have limited
economic impact–BSP
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DESPITE the sharp increase in its key interest rates, the Bangko
Sentral ng Pilipinas (BSP) said it expects a limited impact from
this monetary tightening on economic growth.
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Outsourcing creates jobs in banking
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THE Bangko Sentral ng Pilipinas (BSP) said the
outsourcing of bank services created more jobs in the industry.
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Treasury warns banks on sale of RTBs
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THE Bureau of Treasury warned that it would
sanction banks that refuse to sell retail Treasury bonds (RTBs) to
small investors.
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Airlines to raise rates for
passenger fares, cargo
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THE Civil Aeronautics Board (CAB) has approved higher fuel
surcharges for local and foreign carriers to help them recover
losses from soaring jet fuel prices.
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Finance jacks up VAT collection goal
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The Department of Finance (DOF) has also
increased the target collection for the Reformed Value-Added Tax
(R-VAT) amid mounting pressures on revenue-generating agencies to
raise more money this year.
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MacroAsia allots money for mine exploration
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MACROASIA Corp. allots hundreds of million pesos for its mining
exploration this year, most of which will be spent on infrastructure
upgrade, the Lucio Tan-controlled company announced at a
stockholders’ meeting.
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EU standards set on chemical exports
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Local exporters of chemical substances should comply with a European
Union (EU)-mandated registration procedure to secure permits for the
entry of their products into EU, the Department of Trade Industry
said in a statement.
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iRemit volume increases
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iRemit Inc., a local non-bank remittance company, posted significant
growth in remittance volume in January to May this year.
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Philweb net income surges in first semester
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ONLINE gaming firm Philweb Corp. on Monday said its net income
surged in the first half of the year, boosted by its online casino
business.
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Tap Oil-led group starts drilling
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The consortium led by Autralian firm Tap Oil Ltd. has started
drilling activities in a petroleum exploration block in the Sulu
Sea.
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San Miguel unit reports profit jump
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San Miguel Corp.’s (SMC’s) Yamamura Packaging Group (SMYPG)
increased its operating profit almost by three folds in the first
six months of the year, the company disclosed to the Philippine
Stock Exchange Monday.
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MANAGING
FOR SOCIETY
By Enrique Antonio
B. Reyes, RPH, MBA
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Towards corporate
enlightenment
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Halfway into the technological age, companies breeze through the
daily commune of business at warp speed. Along with this comes the
challenge of “social awareness” asking them to understand and
respond to the numerous problems of society today.
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