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Thursday, September 11 2008 |
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Exports slow on
strong peso,
weak electronics shipments
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By Darwin G. Amojelar, Reporter
PHILIPPINE merchandise exports in
July slowed owing to a strong peso and weak electronic shipments
abroad, the National Statistics Office (NSO) reported Wednesday.
The NSO said exports climbed 4.3
percent to $4.430 billion from $4.249 billion in July last year, or
lower than the 8.8-percent growth registered in June.
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Foreign direct
investments plunge in first six months
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FOREIGN direct investments (FDI) plunged by more than
half in the first six months this year, according to the Bangko
Sentral ng Pilipinas (BSP), which blamed the fall on cautious
sentiment arising...
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Domestic air
travel eases on costlier fuel
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RECORD oil prices dampened domestic air travel in the
second quarter of the year as airlines cut unprofitable routes and
travelers were discouraged from flying due to high inflation.
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Trade readies
profiteering case versus flour millers
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THE Department of Trade and Industry (DTI) is
preparing a profiteering case against flour millers in the event
they fail to justify their recent increase in prices.
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Govt
cancels next week’s planned borrowing
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THE government has canceled a scheduled domestic
borrowing next week, the Bureau of Treasury said on Wednesday.
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Peso nears
47-to-a-dollar
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THE peso and the stock market closed lower Wednesday,
with the local currency ending the day 5 centavos shy of the
47-to-a-dollar level.
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China’s August
trade surplus record high
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BEIJING: China said Wednesday its trade surplus hit a
monthly all-time high of $28.7 billion in August, but economists
doubted this would push Beijing to allow any major rise in its
currency.
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Mazda develops
clean diesel engine
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TOKYO: Japan’s Mazda Motor Corp. said Tuesday it
had developed a clean diesel engine to launch next year in Europe as
demand grows for fuel-efficient technology.
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Corporate India
continues to muscle in on Bollywood
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MUMBAI: Bollywood is increasingly becoming a target
for corporate takeover, as more of India’s multinationals
diversify into movies to tap the market’s huge investment
potential.
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Soaring costs hit
Japanese economy official data
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TOKYO: Japan was hit by more bad economic news on
Wednesday as rising energy costs shaved the current account surplus
and wholesale prices grew at their fastest pace in nearly three
decades.
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PLDT tapping
provincial telcos to expand outside of franchise
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PHILIPPINE Long Distance Telephone Co. (PLDT) has
delayed the acceptance of a license issued by the National
Telecommunications Commission (NTC) to operate outside of its
franchise as it will talk...
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Napocor to bid
out coal requirements of Cebu plant
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STATE-OWNED National Power Corp. (Napocor) will bid
out the coal requirements of its power plant in Naga, Cebu.
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Tuna industry
gets fresh govt support
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THE local tuna industry received fresh government
support, after the Department of Agriculture assumed payment of the
Western and Central Pacific Fisheries Commission (WCPFC) fees...
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Put off further
rate hikes, Angara tells Bangko Sentral
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THE Bangko Sentral ng Pilipinas (BSP) should stop
raising its key policy rates this year, as consumer prices are
expected to move steady amid a slowing economy, the Senate Committee
on Banks and Financial Institutions said.
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