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Monday, May 26, 2008 |
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ANALYSIS
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Television networks brace
for flight of big ad spenders
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AMID rising prices and the anticipated slump in
the domestic economy, the Philippines’ two largest broadcasting
companies are faced with a possible top line squeeze, as diminishing
revenues from big ad-spenders force them to look elsewhere for
growth.
Last week, the National Economic and Development
Authority (NEDA) conceded that economic expansion in the first
quarter may have slowed to between 5.2 percent and 6.2 percent,
weaker than last year’s 6.9-percent growth.
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Finance dangles potential windfall from
VAT on oil amid pressure to cut the tax
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THE Department of Finance expects a windfall
from the value added tax (VAT) on oil this year due to rising prices
of petroleum products.
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Peso to rise on BSP’s inflation bias, says UBS
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UBS Investment Research expects the peso to rise following the
Bangko Sentral ng Pilipinas’ (BSP) avowed bias for controlling
inflation.
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Govt mulls over return of
Treasury bill auctions
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THE Bureau of Treasury is mulling over the resumption of Treasury
bill auctions in the third quarter, citing positive market response
to over-the-counter (OTC) transactions in the short-term IOUs in
recent weeks.
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Maynilad unveils major
service-improvement thrust
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MAYNILAD Water Services Inc. has launched a
billion peso steel pipeline project to improve service in the West
zone concession of state-owned Metropolitan Waterworks and Sewerage
System.
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Telecom companies shifting to 4G, says NTC
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PHILIPPINE telecom companies are fast tracking the deployment of 4G
(fourth-generation) technology in the country as demand for
high-speed quality wireless service is seen to flourish in the
coming years, the National Telecommunications Commission said.
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Govt, ADB in talks for agri loan
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THE Department of Finance is in negotiation with the Asian
Development Bank for a public project to mobilize productivity in
the country’s agrarian reform communities (ARCs).
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Boracay condotel developer
completes sale of a fifth of units
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Cebu-based real estate developer J King and Sons Inc., which is
alleged to have violated the construction moratorium in the renowned
tourist spot in Aklan, has already sold 20 percent of the condotel
units of Boracay Crown Regency, the firm’s project in the
province.
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Anti-money laundering
unit pushes for reforms
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The recommendations of the Financial Action Task Force (FATF) for
improving the Philippines’ Anti-Money Laundering Act (AMLA) failed
to move Congress to put them on priority list.
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Second group eyeing
Petron
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ASIDE from the Gokongwei group, another party is
interested in acquiring the remaining government stake in the
country’s largest oil refiner, the Department of Finance said.
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Bacnotan to acquire another
university this year
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BACNOTAN Consolidated Industries (BCI) plans to expand its portfolio
of schools with the acquisition of another university outside Metro
Manila.
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Aboitiz group to expand
feeds business in the south
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THE Aboitiz group is expanding its feed mill operations to Iligan
City to tap customers in the Visayas and Mindanao areas.
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Metrobank Card secures
quasi-banking license
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METROBANK Card Corp. has secured a quasi-banking license from the
Bangko Sentral ng Pilipinas (BSP), allowing the unit of Metropolitan
Bank and Trust Co. to expand its business line.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Biotechnology: The
logic of high-tech R&D
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TODAY’S BUSINESS management topic is about science and technology,
in particular—biotechnology. It has fascinated mankind for many,
many years dating back to the early episode of “Soylent Green,”
a 1973 science fiction movie depicting a bleak future for mankind
due to overpopulation, pollution, and extreme poverty.
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