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Tuesday, May 13, 2008 |
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Amid rising domestic interest rates
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RP eyes more borrowings abroad
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AMID rising interest rates in the domestic
market, the Philippines may opt to raise funds abroad, the
Department of Finance said Monday.
On the sidelines of the San Miguel Brewery Inc.
listing ceremony, Finance Sec. Margarito Teves told reporters the
government may shift its borrowing mix from the current program of
75:25 percent in favor of local sources, to a 65:35 ratio.
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Increase in BIR, Customs
collection goals planned
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THE Department of Finance plans to raise the
collection target of the Philippines’ two main revenue-generating
agencies.
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Foreign investments fall on slowdown woes
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FOREIGN direct investments (FDI) in the country
declined at end-February this year due to a US-led economic
slowdown, according to the Bangko Sentral ng Pilipinas (BSP).
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EDC profit dips on forex loss
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PHILIPPINE National Oil Co.-Energy Development
Corp. (EDC) said its first-quarter profit dipped due to higher
foreign exchange losses.
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Galoc oil production pushed back further
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GALOC Production Co. W.L.L. (GPC) pushed back production of oil from
the Galoc field in offshore Palawan to June from an earlier April
schedule.
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Govt seeks partners for
Corregidor, Balicasag isles
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THE Philippines is set to enter into two major joint ventures aimed
at reviving two of the country’s major historical islets, the
Department of Trade and Industry (DTI) said Monday.
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BSP approves prepayment
of Napocor’s JBIC loans
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STATE-RUN Power Sector Assets and Liabilities Management Corp.
(Psalm) will prepay various loans of National Power Corp. (Napocor)
guaranteed by the Japan Bank for International Cooperation (JBIC),
the Bangko Sentral ng Pilipinas (BSP) said Monday.
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Parent firm to raise money for food group
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SMB debuts above share’s offer price
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SHARES of San Miguel Brewery Inc. (SMB) went up
on its debut in tandem with the local bourse as it found support from investors despite
uncertainties in financial markets.
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Asus targets five-fold rise in Eee PC sales
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ASUS International plans to grow its Asian sales for the affordable
personal computer (PC) pack segment by more than five folds, with
the Philippines its biggest market in the region.
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RP broadband Internet market
seen to grow nearly a quarter
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THE Philippine broadband Internet market will grow nearly a quarter
a year over the next five years, boosted by higher demand from
residential subscribers, according to International Data Corp. (IDC).
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Stock market rises on SMB
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LOCAL share prices closed higher Monday on expectations of positive
corporate earnings, though concerns about record-high oil prices
persisted, dealers said.
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Sale of Aramco’s Petron stake
to Ashmore gets govt nod
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THE government has given the go-ahead to Saudi Aramco’s sale of
its stake in Petron Corp. to London-listed Ashmore group.
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MANAGING
FOR SOCIETY
By Ben Teehankee DBA
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Managers, labor and
productivity
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GOOD management is the key to increased labor
productivity in companies. It ensures not only that companies are
financially sustainable but also that they are fit for human beings
to work in.
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BIZZ FIZZ
By Rene Martel
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Beer stock flies high at PSE
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WHEN San Miguel Brewery Inc.—one of the best recognized and most
profitable corporate entities in the Asia-Pacific region—made its
debut on the Philippine Stock Exchange yesterday it made predictable
waves...
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