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Wednesday, March 19, 2008 |
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Top problem for second year
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Lack of skilled workforce
slows business expansion
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BUSINESSMEN consider the lack of a skilled
workforce as the biggest constraint to expansion, according to the
annual International Business Report issued by Grant Thornton
International Ltd.
For two consecutive years, the unavailability of
a skilled workforce emerged as the most important constraint to
business expansion among Filipinos. Similarly, skills lack emerged
as the number one problem of privately held business around the
world, displacing inhospitable regulations and red tape.
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NTC to raise fines on spam text messages
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THE National Telecommunications Commission (NTC)
plans to impose higher fines to eliminate spam text messages.
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Bank lending growth still at single digit
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THE Bangko Sentral ng Pilipinas’ (BSP) series of cuts in its
overnight rates failed to boost bank lending, with the latest growth
figure still in the single-digit territory.
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RP trade deficit widens on higher imports
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THE country’s trade deficit widened last year on the back of
higher imports across almost all major commodity groups, the Bangko
Sentral ng Pililpinas (BSP) said Tuesday.
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Stock market treks south as
peso hits year-to-date low
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THE peso on Tuesday hit its weakest against the dollar so far this
year, while the stock market continued its slide on persistent
worries over the global economic outlook.
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Inflation may breach target
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INFLATION may breach the Bangko Sentral ng Pilipinas (BSP) target,
according to the Development Bank of Singapore (DBS).
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Excise taxes on oil, sin products resumed
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THE government has lifted exemptions from
payment of excise tax on finished petroleum products and sin items,
the Bureau of Internal Revenue said Tuesday.
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Insurance commission
needs reform, says ADB
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THE Asian Development Bank wants to see a much stronger Philippine
insurance system and has recommended that the charter of the
Insurance Commission be amended.
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BCDA to open Subic-Clark-Tarlac
Highway during Holy Week
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THE Subic-Clark-Tarlac Expressway will be open during Holy Week, the
Bases Conversion Development Authority announced Tuesday.
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IMF urges Congress to amend BSP
charter
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THE International Monetary Fund has urged lawmakers to pass the
long-delayed Bangko Sentral ng Pilipinas charter amendment.
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ERC approves unbundling of SEZ’s rates
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The Energy Regulatory Commission has approved the unbundling of
rates of the distribution utility servicing the Subic Bay Freeport
Zone’s electricity needs.
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PSALM prepays Napocor’s
yen-dominated loans
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State-run Power Sector Assets and Liabilities Management Corp. has
prepaid the three yen-denominated loans of the National Power Corp.
with the Japan Bank for International Cooperation-Overseas Economic
Cooperation Fund (JBIC-OECF) worth a combined $174 million...
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eTelecare adds seats to
accommodate new client
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E-TELECARE Global Solutions told the Philippine
Stock Exchange that it will add more seats to provide inbound
services for a digital television entertainment services firm.
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VIEWS
FROM
A BRIT
By Mike Wootton
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‘Never mind the
quality, feel the width’
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It’s difficult these days to read any Philippines newspaper which
does not contain material which is “corruption centric” or
“China centric,” or usually both ! The international media is
very concerned with the condition of the US economy and its currency
the US Dollar...
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