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Wednesday, June 04, 2008 |
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Inflation seen at fastest rate in May;
peso to weaken further
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PRICES of goods and services in May could have
surged at fastest pace in more than three years, according to
economists polled by The Manila Times amid speculations that central
bank may raise policy rates to slow down inflation.
The mean average of the three economists polled
showed the inflation rate in May could have hit 9.1 percent, within
the BSP forecast of between 8.8 percent and 9.6 percent.
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CDC investment contracts grew in Q1
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INVESTMENT contracts entered into by state-run
Clark Development Corp. significantly increased in the first quarter
of the year, data from the agency obtained on Tuesday showed.
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Retail, institutional investors take up
large share of BDO’s debt issuance
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Banco de Oro Unibank has successfully borrowed from the market
through the issuance of lower tier 2 capital, which will be used to
support the bank’s expansion and financial obligations.
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Government eyes ODA loan
to help plug budget deficit
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The national government will tap official development assistance
from foreign donors to finance partly its budget deficit this year.
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TransCo’s 2007 earnings dropped by double
digits on higher after-tax expenses
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The National Transmission Corp.’s net income last year dropped
considerably because of higher expenses.
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DTI vs. Meralco hearings set
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The Energy Regulatory Commission mulls over the
inclusion of all distribution utilities in the petitions filed by
the Department of Trade and Industry’s (DTI) against the Manila
Electric Company (Meralco).
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CURE seeks NTC approval
to charge for 3G service
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CONNECTIVITY Unlimited Resources Enterprises has sought regulatory
approval to impose charges for its 3G (third generation) service.
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Conal Holdings to put up
coal-fired facility in Sarangani
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Conal Holdings Co. (CHC) is set to put up a coal-fired power plant
in Sarangani province to take advantage of an expected growth in
demand in Mindanao in the next couple of years.
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European firm to buy, infuse new
technology into Atlas mining units
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Atlas Consolidated Mining and Development Corp.
announced on Tuesday that European Nickel PLC will be buying into
its subsidiaries Berong Nickel Corp. (BNC) and Toledo Mining Corp. (TMC),
paving the way for the introduction of new metallurgical and
technical skills in nickel production.
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Ayala Land gets SEC’s nod
to fund capex via shares sale
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Ayala Land Inc. (ALI) will issue common shares that may be exchanged
for properties or assets or to raise funds to buy properties through
equity or equity-linked instruments.
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IPVG board approves increase
in authorized capitalization
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IPVG Corp. will increase its capitalization and has executed a
corporate guarantee for the loan made by a wholly owned unit, the
company disclosed Tuesday.
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Boracay Crown ups unit price of
condotel amid DENR complaints
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THE Controversial Boracay Crown Regency Hotel and Convention Center
in Malay, Aklan, has increased the prices of it units by a
million-peso each despite alleged violation of the construction
moratorium in the renowned tourist spot in the province.
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AGI unit granted license to join
Bagong Nayong Pilipino project
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A subsidiary of Alliance Global Group Inc. (AGI) has secured the
license from the Philippine Amusement and Gaming Corp. to
participate in the Bagong Nayong Pilipino Manila Bay Tourism City
project, AGI told the Philippine Stock Exchange.
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VIEWS
FROM A BRIT
By Mike Wootton
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Air fares
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It seems that domestic air fares here are galloping up in price
disproportionately from levels in other neighboring Asean states, or
even price increases on international routes.
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