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Saturday, June 21, 2008

 

GOCC dividends to govt fall
sharply in first five months

DIVIDENDS remitted by government-owned and -controlled corporations to the national government fell sharply in the first five months of the year, the Bureau of Treasury said Friday.

In a document, the bureau said it collected P2.031 billion, or 45 percent lower than the P3.744 billion remitted in the same period last year.

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O T H E R   R E P O R T S

 

PHILIPPINE National Oil Co.-Exploration Corp. (PNOC-EC) is looking to ink a deal with an Indonesian company for a coal mining project.

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A COMPANY that supports other firms’ supply chain management is not backing out of its plan to sell its shares to the public for the first time despite the volatile stock market.

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DESPITE the surging inflation and creeping interest rates, the real estate unit of Alliance Global Group Inc. said that it would still hit double-digit growth in profits this year as it launches several projects to widen its revenue base.

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CEBU Pacific on Friday said it is offering low fares on credit to the government, in a bid to help various agencies save on travel expenses.

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LOCAL share prices closed lower Friday on continued worries about domestic inflation despite gains on Wall Street and the overnight drop in oil prices, dealers said.

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TOKYO: Japan’s free trade accord with the Association of Southeast Asian Nations (Asean) was assured of ratification Friday as the country’s divided parliament ended its session.

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TOKYO: The dollar edged lower in Asian trade Friday as dealers sat on their hands ahead of next week’s Federal Reserve meeting, which could yield clues on prospects for higher US interest rates.

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KUWAIT CITY: OPEC kingpin Saudi Arabia hosts a meeting of the world’s top oil producers and consumers on Sunday aimed at soothing rattled markets, but it appears little can be done on the ground to curb soaring prices, analysts say.

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HANOI: Vietnam, the world’s number two rice exporter, said Friday it would increase exports of the grain after determining the country had sufficient supplies for the domestic market.

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Tokyo: Sony Corp. shareholders on Friday voted down a proposal to force the electronics giant to reveal how much it pays top executives including chief executive Howard Stringer.

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KUWAIT CITY: Financial assets of OPEC member Kuwait rose to a record 70.21 billion dinars ($264.4 billion) as of March 31, Kuwaiti newspapers reported Friday, quoting official figures.

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LEARNING & INNOVATION
By Moje Ramos-Aquino, FPM

One of the best things that happened at the 2008 ASTD International Conference & Exposition in San Diego early this month was having Malcolm Gladwell as a keynote speaker.

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