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Thursday, July 24, 2008 |
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Amid high inflation, weak
economy
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Nielsen warns ad
spending
may slow this year and next
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By Darwin G. Amojelar, Reporter
CORPORATE ad spending will slow
down this year and next as advertisers defer their media spending
owing to soaring inflation and a weak domestic economy, Nielsen
Media Research said Wednesday.
Inflation accelerated to a
14-year high of 11.4 percent last month, while the Philippine
economy, as measured by the country’s gross domestic product (GDP)
slowed to 5.2 percent in the first quarter of the year.
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Netopia chain to
close shops on weakening patronage
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THE operator of the Netopia chain of Internet cafes
will close more branches in the second half of this year on weak
consumer spending due to soaring inflation.
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Government halts
retail bonds sale
ahead of schedule on strong demand
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THE government decided Wednesday to end the sale of
its retail Treasury bonds (RTBs) after the required volume was fully
subscribed in three days.
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Peso, stocks climb
on drop in oil prices, Wall St. rally
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THE peso and local share prices rose on Wednesday
after a drop in oil prices and a rally on Wall Street.
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RP call centers
cast wider net across
English-speaking markets amid US woes
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LOCAL call centers are tapping other English-speaking
markets amid the US economic slowdown, the Contact Center
Association of the Philippines (CCAP) said.
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Subsidies to state
firms decline by more than half 3
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SUBSIDIES to government-owned and -controlled
corporations (GOCCs) and government financial institutions (GFIs)
dropped by more than half in the first six months of the year.
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Government,
private sector debt prepayments
slow down in May, BSP reports
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THE Bangko Sentral ng Pilipinas (BSP) said debt
prepayments of the government and private sector slowed down in May.
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Only one bidder qualifies
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Amlan hydro power
plant auction fails
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THE privatization of a state-owned power plant hit a
snag after only one bidder qualified for the auction conducted by
state-run Power Sector Assets and Liabilities Management Corp.
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Slower economic
growth ‘comfortable, ’ BSP says
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THE Bangko Sentral ng Pilipinas (BSP) said the
expected economic slowdown is still comfortable, amid a hostile
environment.
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Government pushes
risk-based lending to benefit micro business
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Risk-based lending will better serve micro, small and
medium enterprises (MSMEs), according to the Small Business Corp.
(SBC), the government financial institution assisting this sector.
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ERC May Lower Cap
On Utility Firms’ System Losses
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The Energy Regulatory Commission plans to lower the
cap on system losses of electric utilities in a move to make the
firms, which include the giant utility Manila Electric Co., pay more
than they charge their consumers...
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Tap Asean market,
Malaysian envoy tells Filipino businessmen
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MALAYSIA’S ambassador to the Philippines called on
local businessmen and companies to capitalize on the growing
Southeast Asian market.
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Ayala Land eyes
repeat of Q1 results
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AYALA Land Inc. (ALI) on Wednesday said its
second-quarter profit is likely to replicate its first-quarter
performance on strong sales in the domestic and Middle East markets.
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GSIS sees flat
profit growth as investment income slows
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STATE-RUN Government Service Insurance System (GSIS)
said profit growth for this year may be flat due to the global
turmoil that has dampened its investment income.
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