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Tuesday, September 23 2008 |
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Despite us liquidity crunch
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RP banks bullish on lending
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PHILIPPINE banks expect lending growth to remain robust this year
despite their exposure to the collapsed Lehman Brothers Holdings
Inc.
Citing high demand from the corporate sector,
Metropolitan Bank and Trust Co. said it is bullish about its lending
business, with growth in that segment at 20 percent at end-August.
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Metrobank seeks Lehman assets freeze
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METROPOLITAN Bank and Trust Co. said it had asked the Regional Trial
Court of Makati to place two local units of Lehman Brothers under
corporate rehabilitation.
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Foreign investments to rebound in ‘09
-BSP
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THE Bangko Sentral ng Pilipinas (BSP) said it sees foreign
investments rebounding next year as the global economy is expected
to post a mild recovery.
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Goldman, Morgan agree to overhaul
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NEW YORK: Goldman Sachs and Morgan Stanley brought down the curtain
on a Wall Street era Sunday, agreeing to a radical revamp that
completes the biggest overhaul in high finance since the Great
Depression.
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Stocks up as Wall St. rises
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LOCAL share prices closed higher Monday, tracking Wall Street’s
recovery after the US government rode to the rescue of its tottering
financial services sector, dealers said.
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Senate committee calls for revamp of domestic insolvency law
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THE Senate Committee on Banks, Financial Institutions, and
Currencies said Monday there is a need to improve Philippine
insolvency procedures to ensure an effective debt recovery process.
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GMA claims ad load higher than rival
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GMA Network Inc. said it registered higher advertising minutes in
the first eight months of the year, beating leading rival ABS-CBN
Broadcasting Corp.
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PSE suspends brokerage firm on fund shortfall
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THE Philippine Stock Exchange (PSE) suspended HK Securities Inc. for
its failure to address its short position and fulfill the
undertakings it earlier set forth.
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Toyota launches new batch of IMVs
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TOYOTA Motor Philippines Corp. (TMPC) launched on Monday improved
versions of its top-selling international innovative multipurpose
vehicles (IMVs), which, according to officials, are revving up the
Japanese carmaker’s sales in the country.
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Nido audit shows higher Galoc reserves
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AN independent review commissioned by Nido Petroleum Ltd. found that
the Galoc oil field’s proven reserves are higher by about
two-thirds.
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Manila Water to expand network
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MANILA Water Co. Inc. is set to expand its distribution network in
Rizal province by December.
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MANAGING
FOR SOCIETY
By Enrique Antonio B. Reyes, Rph, Mba
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The next Rxevolution
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The pharmaceutical industry prides itself with drug discoveries from
the early days of the penicillin to today’s quadrivalent cervical
cancer vaccine. These medical breakthroughs help treat and prevent
diseases that lead to sickness...
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