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Tuesday, March 25, 2008 |
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Govt to halt auction of benchmark
T-bill from April to June
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Following the demand of banks for higher yields
in the recent weeks, the government will stop offering short-term
debt papers starting next month, the Bureau of Treasury announced
Monday.
Finance Undersecretary Roberto B. Tan, who also
serves as Acting National Treasurer, said the government will offer
the 364-day Treasury bills in April to June this year.
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CNG rollout for transport seen possible
only with a gas pipeline in place
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The success of the government’s compressed
natural gas (CNG) for transport project will depend on the
construction of a proposed pipeline that will bring natural gas from
the Malampaya field to potential users, said Edgar O. Chua,
Pilipinas Shell Petroleum Corp. country chairman.
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Stock market rises on bargain
hunting, but trading is light
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LOCAL share prices closed higher Monday on bargain hunting after a
long Easter break, but trading was light as worries over the US
economy remained, dealers said.
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NG’s financing went down in January
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The national government borrowed less in January this year than in
the same period last year as the government continued to post lower
budget deficit and strong peso against the US dollar, finance data
showed.
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Exposure of thrift banks to real
estate sector continues uptrend
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The uptrend in the exposure of thrift banks to real estate has
continued since last year buoyed by a liquid market for residential
and commercial properties, according to Bangko Sentral ng Pilipinas.
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Philex unit buys into Petroenergy Resources
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Philex Mining Corp. announced on Monday that its
wholly owned unit bought a stake in Petroenergy Resources Corp. (PERC)
in a move to increase its investment in oil exploration and
production.
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Lopez firm to sell additional
shares next month
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First Philippine Holdings Corp. will sell to the public through a
follow on offering its Series “B” perpetual preferred shares
next month.
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iRemit transaction volume
registers jump in January
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iRemit Inc. disclosed on Monday that funds sent home by overseas
Filipinos surged higher in January, bulk of which came from the
Middle East, while its market share inched up year on year due to
strategic partnerships and marketing initiatives.
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NTC plans to reallocate
unused TV frequencies
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THE National Telecommunications Commission plans to reallocate the
unused television frequencies to mobile wireless broadband networks
for end-users in rural areas.
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Nine groups hurdle initial
bid for Tiwi-Macban plant
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MAJORITY of the interested groups vying for the Tiwi-Makban
geothermal power complex have passed the initial stages of the
bidding process set by state-run Power Sector Assets and Liabilities
Management Corp. (PSALM).
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BIZZ FIZZ
By Rene Martel
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US lauds gains on anti-corruption front
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EVEN as the political noise on matters of graft and corruption
reaches a deafening crescendo (stirred up by the usual suspects, of
course) President Gloria Arroyo and her administration has received
a glowing seal of approval from the government of the United States
for its efforts to confront corruption.
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MANAGING
FOR SOCIETY
By Dr. Emiliano T. Hudtohan
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Relearning the ABCs in Singapore
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While on a holiday last year in Singapore, I found myself relearning
the ABCs of the world’s great teachers: Aristotle, Buddha,
Confucius and Christ. This happened because I intentionally shed my
role as a professor while on vacation, allowing many experiences
coming my way to teach and guide me.
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