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Monday, June 09, 2008 |
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ANALYSIS
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Oil firms feel pinch
from rising prices
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HARD to believe but even oil companies are feeling the pinch from
rising crude prices.
Fernando Martinez, Eastern
Petroleum Corp. (EPC) president, said that soaring crude prices are
causing demand for fuel to wane as consumers resort to cost-cutting
measures just to make ends meet.
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 Full
Story>>
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Congress body
pushes single tax-rate on tobacco, liquor
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CONGRESS’ ways and means committee will push for a
single tax rate for alcohol and cigarette products to generate more
revenues for the government, according to a member of the body.
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Full
Story>>
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FCDU profitability
suffers decline on interest expense
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DESPITE their loan expansion, Philippine banks’
foreign currency deposit units (FCDUs) suffered a decline in
profitability last year mainly due to higher interest expense and
foreign exchange losses,...
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Full
Story>>
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Philippines sets
fresh investment promotion push in Taiwan
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The Manila Economic and Cultural Office (MECO) and
the Philippine Trade and Investment Center in Taipei have scheduled
a five-day investment mission in Taiwan this week.
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Full
Story>>
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BPAP backs
creation of IT department
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THE Business Processing Association of the
Philippines (BPAP) has thrown its support behind moves in Congress
to create the Department of Information and Communications
Technology (DICT).
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Full
Story>>
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Stocks likely to
struggle
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LOCAL share prices will struggle this week amid a
lack of good news, a dealer said last Friday.
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Full
Story>>
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A. Brown ups stake
in Monte Oro
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A BROWN Co. Inc. disclosed to the Philippine Stock
Exchange that it is increasing its stake in Monte Oro Resources and
Energy, the parent of the company that partly owns the country’s
lone power grid.
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Full
Story>>
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Pre-need shakeup
looms, says SEC
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FACED with a tough economic environment and lingering
public ill will caused by the failure of some of its big players,
the pre-need industry may suffer a further shakeup,...
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Full
Story>>
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PLDT bucks
backhaul network linkage
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PHILIPPINE Long Distance Telephone Co. (PLDT) is
bucking the planned mandatory interconnection of backhaul networks
to all cable landing stations of telecom carriers, citing agreements
with its other foreign partners.
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Full
Story>>
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Coconut oil
miller bags tax incentives from BOI
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Davao Bay Coconut Oil Mills Inc. has secured tax
incentives and other perks from the Board of Investments (BOI) for
the construction and operation of a manufacturing plant.
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Full
Story>>
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TKC Steel locks
in iron ore supply
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TKC Steel Corp. said its Iligan-based subsidiary
secured a contract with a mining firm for the supply of iron ore in
Mindanao.
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Full
Story>>
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