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Tuesday, June 24, 2008 |
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BIR recommends officials
for the chopping block
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THE Bureau of Internal Revenue (BIR) has
submitted a list of collection officers qualified for attrition
after they failed to meet promised goals, the Department of Finance
said.
In a document, the Finance department said BIR
Commissioner Lilian B. Hefti recommended 51 names of revenue
district officers qualified for attrition, including their
assistants, after they missed by more than 7.5 percent their target
for last year.
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Govt mulls return of shorter-term debt
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MONTHS after continued rejections banks’ bids, the Bureau of
Treasury finally made a full award of this week’s programmed
one-year borrowing as lenders sought lower yields.
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BSP seen to raise interest
rates in second half
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THE Bangko Sentral ng Pilipinas (BSP) is likely
to further increase its key policy rates in the second half of the
year to curb high inflation, ING N.V. said.
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Japan, German execs’ sentiment hits lows
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SENTIMENT among businessmen in the world’s second and third
largest economies fell to multi-year record lows, according to
separate polls in Japan and Germany.
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Galoc oil faces fresh delay
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OIL production in the Galoc field has been moved
to next month after Typhoon Frank hit the country over the weekend.
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Psalm puts off plant’s sale
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STATE-RUN Power Sector Assets and Liabilities
Management Corp. (Psalm) said it has pushed back anew the
privatization of the Tiwi-MakBan geothermal power complex to give
the government more time to resolve issues raised by bidders.
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PNB raises funds for refinancing, capital base
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PHILIPPINE National Bank (PNB) borrowed more funds through the
issuance of lower tier 2 capital, which will be used to refinance
its financial obligation and strengthen its capital base.
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ATR KimEng sheds control over unit
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ATR KimEng Financial Corp. (ATRK) told the Philippine Stock Exchange
on Monday that it shed control over its wholly owned property unit
to prevent a breach in foreign ownership limits.
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Papercon secures tax perks from BOI
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PAPERCON Philippines Inc. has secured tax incentives and other perks
from the Board of Investments (BOI) for its expansion project.
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GSIS sets new round of foreign investments
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GOVERNMENT Service Insurance System (GSIS) announced on Monday that
it would undertake this year another investment abroad as the local
market looks less attractive than its foreign counterparts.
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BIZZ
FIZZ
By Rene Martel
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From jungle rumble to beach paradise
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WITH Boracay now an around-the-year indulgence for many, the famed
white-sanded resort—that epitomizes the paradise nature of the
Philippines as a tourist destination—is never off nearly
everyone’s minds, including politicians.
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MANAGING
FOR SOCIETY
By Dennis L. Berin
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Sports and personal wellness
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In less than two months’ time, one of the most awaited organized
and trained for sporting event will regale the world. We are talking
about the 2008 Olympics, which Beijing will host.
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