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Tuesday, June 10, 2008

 

Consumer complaints vs.
telcos jump year on year

CONSUMER complaints against telecom companies last year jumped from a year ago, according to the National Telecommunications Commission (NTC).

Data from NTC showed complaints lodged against telcos rose by 75 percent to 1,069 last year from 610 in 2006. Of the total number of complaints last year, 98 percent were resolved.

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O T H E R   R E P O R T S

 

THE peso will recover in the fourth quarter of the year, the Bangko Sentral ng Pilipinas (BSP) said after the local currency slipped to the 44-to-a-dollar level last week on higher inflation.

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THE Philippines is seeking multibillion-dollar loans from two multilateral funding institutions this year and next to fund big-ticket infrastructure projects and social services, the National Economic and Development Authority (NEDA) said.

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BANK lending will sustain its growth this year despite the recent hike in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates, the central bank said.

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Cut in electricity rates unlikely to follow

A GROUP of private power plant operators warned that consumers are unlikely to reap the benefits of lower electricity rates if Congress pushes through with amendments to the Electric Power Industry Reform Act of 2001 (Epira).

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TO make the industry responsive to present realities like rising cost of goods and services, the Securities and Exchange Commission (SEC) is studying the possibility of applying a risk-based capital adequacy requirement on pre-need companies.

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THE Magsaysay Group of Companies is buying three double-hull vessels to meet rules set by the International Maritime Organization (IMO), a Sumilon Island Tankers Inc. official said.

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STATE-RUN Philippine Amusement and Gaming Corp. (Pagcor) may be underreporting its income, thus its taxes, according to a government think-tank.

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MACROASIA Corp. applied for tax incentives and other perks from the Board of Investments (BOI) for its nickel exploration project in Palawan.

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LONDON: Oil prices eased on Monday but held near $140 a barrel after rocketing to record heights late last week, sparking a fresh call from consumer nations for higher global production.

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BIZZ FIZZ
By Rene Martel

FILIPINOS may sometimes take jocular pride in their mastery of “Taglish”—the home bred version of the Queen’s English (as the Brit’s would define their native tongue).

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MANAGING FOR SOCIETY
By Margaret Que

On the few occasions that my blood pressure allows me to watch televised Senate hearings I pause and wonder who it is that they refer to when they say “the honorable gentleman/lady;” and visibly cringe when I see some of the respondents.

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