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Monday, March 31, 2008 |
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Markets brace for
inflation
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By Likha C. Cuevas-Miel Reporter
DESPITE the US credit crunch and
the resulting economic slowdown, inflation is likely to become the
bigger threat for financial markets in the second quarter, according
to analysts.
In a briefing, Conrado Bate,
Citiseconline president, said that rising food and oil costs will
temper investors’ risk appetite in the coming months.
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German bank to
fund MRT-3 expansion
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A EUROPEAN commercial bank is willing to finance the
capacity expansion of the congested Metro Rail Transit Line 3
(MRT-3), the Department of Finance said Friday.
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Govt misses ODA
disbursement target
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THE Philippine’s disbursement of foreign aid for
public projects and programs fell below target last year as the use
of funds from the Asian Development Bank (ADB) declined by half,...
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Stock market to
correct after window dressing
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LOCAL share prices are likely to see a correction
this week after rallying on the back of end-quarter window-dressing,
dealers said last Friday.
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Free-market
thinking takes hit from America’s economic crisis
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WASHINGTON: A deepening economic crisis has led to
unprecedented actions by US policymakers that raise questions about
how far government regulation should go in a free-market economy,
analysts say.
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Subsidies to
state-owned firms drop almost double
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SUBSIDIES to government owned and controlled
corporations (GOCCs) and
government financial institutions (GFIs) dropped significantly last
January.
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Govt agrees to
give BSP shot in the arm
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AFTER incurring losses last year due to its defense
of the dollar against a rapidly appreciating peso, the Bangko
Sentral ng Pilipinas (BSP) will get a shot in the arm,...
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Eastern Telecom
unit loses permit to operate
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THE National Telecommunications Commission (NTC) has
cancelled the permit of a unit of Eastern Telecommunications
Philippines Inc. (ETPI) to operate Inter-Exchange Carrier (IXC)
service for failure...
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Trade department
buckles to mining, auto lobby
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AFTER de-listing them from the draft Investments
Priorities Plan (IPP), the Board of Investments (BOI) has reinserted
mining and car assembly in the list of projects that may qualify for
income tax holidays and other perks.
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IT company to
proceed with share sale in second half
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An IT firm based in Cebu City will push through with
its plan to sell shares to the public for the first time during the
second half of the year, according to a financier.
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Coal firm to
conduct maiden share offering
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A COAL mining and trading company said it would raise
fresh funds for exploration and expansion through an initial public
offering (IPO) despite hostile market conditions, citing “strong
investor appetite” for the fossil fuel.
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BEYOND THE BUZZWORDS
By Reylito A.H. Elbo
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Flexicurity: The
space between father and son is called “beer”
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LAST SATURDAY night marked the chance for me to feel
old once again. My second son, Rupert celebrated his 21st birthday
and capped it by formally introducing to the family his first-ever
girlfriend,...
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