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Wednesday, June 11, 2008 |
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Despite weak electronics shipments
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Exports recover in April but at slow pace
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SALES of Philippine-made goods recovered in
April despite weak electronics shipments, the National Statistics
Office (NSO) said.
The NSO said export earnings that month grew 4.9
percent to $4.325 billion, a turnaround from the 6.6-percent
contraction on March.
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Stocks, peso plunge on soaring oil prices
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LOCAL share prices and the peso fell sharply Tuesday amid soaring
oil prices, regional stock market weakness and following a Wall
Street slide last week, dealers said.
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Foreign investments drop in Q1
on global economic concerns
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Foreign direct investments (FDIs) in the
Philippines dropped significantly in January to March this year amid
lingering global economic uncertainties, Bangko Sentral ng Pilipinas
(BSP) said yesterday.
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Govt debt dips on strong peso
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THE Philippine government’s outstanding debt
dipped year on year at end-March due to the peso’s appreciation
against the dollar, according to the Bureau of Treasury.
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Car sales grew double digits
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The local auto industry posted double-digit growth in the first five
months this year like it has never heard of soaring fuel prices.
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PNOC-EC gets board’s nod
to develop Malampaya oil rim
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The board of state-owned Philippine National Oil Co.-Exploration
Corp. (PNOC-EC) has greenlighted the company’s plan to develop the
oil reserve in the Camago-Malampaya natural gas field within the
next two years.
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PNB to issue debt notes
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The Philippine National Bank (PNB) will raise additional funds from
the market though the issuance of lower tier 2 notes.
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EDC sets fresh borrowings
to fund capex this year
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ENERGY Development Corp. (EDC), a former
subsidiary of state-owned Philippine National Oil Co., plans to
raise its war chest through fresh peso borrowings within the year.
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eTelecare expands operations in Texas
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E-TELECARE Global Solutions, Inc. told the Philippine Stock Exchange
that it will expand its US operations with the opening of a new
business process outsourcing (BPO) center next month.
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PLDT optimistic despite fears of lower earnings
due to inflationary pressures
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Philippine Long Distance Telephone Co. (PLDT) may post lower profits
this year, as soaring food and oil prices have weakened consumer
spending, company officials said Tuesday after the company’s
stockholders’ meeting.
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Mining firm to list by way of introduction
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After the successful listing of Oriental Peninsula Resources Group
late last year, another mining firm is seeking the approval of the
Securities and Exchange Commission (SEC) to list in the Philippine
Stock Exchange by way of introduction.
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Empire East to develop new
subdivision in Calabarzon
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EMPIRE East Land Holding, Inc. said it may launch another horizontal
development within the next 12 months targeting a market that is
more upscale than its flagship subdivision in Laguna.
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VIEWS
FROM A BRIT
By Mike Wootton
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The Senate and the
Joint Foreign Chambers of Commerce
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Having previously been involved in a foreign chamber of commerce in
the Philippines, and also being involved with Epira in my working
life, it is difficult to resist commenting on the recent happenings
in the Philippine Senate which tie these two matters together.
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