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Tuesday, May 20, 2008 |
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April budget surplus more
than doubles from last year
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THE government earned more than it spent last
month, with the Philippines’ budget surplus more than doubling in
April from a year ago.
In a briefing, Finance Secretary Margarito Teves
said the budget surplus last month rose to P25.8 billion, or more
than double the P12 billion in April last year.
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Customs may tap SGS
again to curb smuggling
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THE Bureau of Customs may again tap the services of Societe Generale
de Surveillance (SGS) after the two settled a lengthy court case on
unpaid services the Philippines owed the Switzerland-based firm.
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RP, Canada agree to raise flight entitlements
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THE Canadian government has granted the
Philippines more flight entitlements to serve the growing demand for
Filipino workers, a member of Manila’s air panel said Monday.
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Delinquency ratio
improves as corporate, consumer loans decline
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DELINQUENCY ratios in the country’s banks
improved as lenders issued a smaller amount of corporate and
consumer loans last year, Bangko Sentral ng Pilipinas (BSP) said.
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Investor appetite forces BDO
to increase debt-paper sale
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BANCO De Oro Unibank Inc. (BDO) said it doubled
the amount it plans to borrow through the sale of unsecured
subordinated debt papers after strong demand for the IOUs.
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Psalm opens auction for Limay power plant
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The Power Sector Assets and Liabilities Management Corp. (PSALM) has
opened the bidding process for state-owned National Power Corp.’s
Limay power plant.
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BSP bucks BIR directive on tax-on-gold
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The Bangko Sentral ng Pilipinas (BSP) questions the legality of the
Bureau of Internal Revenue (BIR) regulation directing the central
bank to collect excise tax on the gold it buys from small-scale
miners.
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CURE unveils ad-based mobile phone service
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ONE of four companies earlier awarded a license
to operate 3G (third-generation) technology said it would focus on
mobile advertising to compete in the hotly contested telecom market.
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Basic Energy earnings fall on biofuels venture
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BASIC Energy Corp. said its net income in the first three months
this year fell three-folds as the company began front-loading
expenses for its venture into biofuels.
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Gotianun holding firm’s profit higher
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FILINVEST Development Corp. (FDC) told the Philippine Stock Exchange
that it enjoyed a three-digit surge in first-quarter profits as
revenues across its units, especially its real-estate operations,
climbed higher.
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Mining company bags tax incentives
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MCCI Corp., a company that acquired three mining operations in parts
of Cebu and Mindanao, has bagged tax incentives and other perks from
the Board of Investments (BOI).
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Alliance Tuna forms Indonesian subsidiary
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ALLIANCE Tuna International Inc. (ATII) disclosed to the Philippine
Stock Exchange that it will establish an Indonesian subsidiary to
gain access to that country’s fishing industry.
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MANAGING
FOR SOCIETY
By Enrique Antonio B. Reyes
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“Re-analyzing” the external environment
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Reposition! Refocus! Reengineer! These are just some of the
buzzwords we hear! They ask you to turn around, look back and take a
second glance at processes, efforts and targeted markets.
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BIZZ
FIZZ
By Rene Martel
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Marcos media nemesis joins BPO wave
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IN an ironic twist of sorts, the San Jose Mercury News, the American
newspaper that won the Pulitzer Prize for its 1986 investigative
reporting on corruption during the Marcos regime...
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