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Tuesday, June 17, 2008 |
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BIR misses collection target
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THE Bureau of Internal Revenue (BIR) failed to
attain its promised collection goal for last month after the
government refused to borrow short-term through its regular auctions
of debt papers.
Sources said the bureau’s preliminary revenue
collection in May reached P77.5 billion, lower than the P78-billion
goal. Last month’s collection however was higher than the P66.7
billion in the same period last year.
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Few Filipinos invest in stock market
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DESPITE its recent efforts to entice local
participation, the Philippine Stock Exchange (PSE) admitted that few
Filipinos invest in the stock market, making the country the laggard
among Asians.
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Aboitiz Power, Phoenix Petroleum
diverted funds to other uses–PSE
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THE Philippine Stock Exchange (PSE) disclosed on Monday that two
listed companies have deviated from their original plans on the use
of the proceeds from capital raising activities during the first
quarter this year.
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RP dollar surplus falls sharply on uncertainty
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THE country’s dollar surplus fell last month,
the Bangko Sentral ng Pilipinas (BSP) said Monday.
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Finance official secures
national treasurer post
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MALACAÑANG is set to appoint Finance Undersecretary Roberto B. Tan
as the country’s new national treasurer after he served as the
Bureau of Treasury’s officer-in-charge for over a year.
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PAL to limit baggage weight on US route
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PHILIPPINE Airlines (PAL) will limit free check-in baggage to 50
pounds per person on its North American service as it battles to
keep costs down amid rising fuel prices, the airline said Monday.
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Govt to keep Petron shareholdings
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THE government will not sell its stake in the
Philippines’ largest oil refiner, the Department of Energy said,
after the Ashmore Group offered to buy out other shareholders of
Petron Corp.
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Regulator approves
Sun Cellular’s int’l roaming SIM
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DIGITEL Mobile Philippines, Inc. (DMPI), the cellular unit of
Digital Telecommunications Philippines, Inc. (Digitel), has obtained
regulatory approval for its planned SIM (subscriber identification
module) card for international text and call services.
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Splash to sell stake in Medical City
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SPLASH Corp. announced on Monday that it is selling its stake in the
company that runs Medical City Medical Center in Ortigas to clean
out its portfolio of non-core businesses.
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Vista Land sees higher revenues
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VISTA Land and Lifescapes, Inc. is raising its revenue target for
this year despite the possible threat of higher inflation and
creeping interest rates.
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MANAGING
FOR SOCIETY
By Dr. Robert S. Keitel Phd.
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Improving employability of graduates for the
business processing industry
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The Business Processing Association of the Philippines (BPA/P)
members offer employment for new graduates at an astonishing rate of
more than 20,000 new jobs per month.
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BIZZ
FIZZ
By Rene Martel
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Discover 7-star luxury in Sulu hinterland
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IF any self-respecting Arab sheik (his bank account fueled with
petro-dollars) was to check into the spacious and opulent
presidential suite of any of this town’s five-star hotels he could
luxuriate in there for several days with every sybaritic indulgence
catered for.
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