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Thursday, April 30, 2009 |
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Push buy Philippine-made products campaign
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Employers endorse suspension of wage hikes
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By Ben Arnold O. de Vera, Reporter
EMPLOYERS have called on the government to turn down petitions for a
wage increase amid a global economic crisis that has increased the
ranks of the jobless.
In a resolution
presented to President Gloria Arroyo, the Employers Confederation of
the Philippines (ECOP) offered four key action points to save jobs.
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Arroyo orders release of export support fund
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PRESIDENT Gloria Arroyo on Wednesday said the government would
fast-track the release of the P1-billion export support fund.
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Global market slump pull down local stocks
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Philippine share prices closed 0.12 percent lower on Wednesday,
pulled down by slumping markets overseas, continuing bad news
regarding swine flu and weakness in US banks, dealers said.
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Trade department to lift zero duty on cement
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The Department of Trade and Industry said it will not extend the
zero duty on cement since its price has not gone down since its
implementation.
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Bread prices to drop further–Trade dept.
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THE Department of Trade and Industry (DTI) expects bread prices to
further decline starting today.
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Life insurers claim immunity from preneed industry woes
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The Philippine life insurance industry told its policyholders and
the public that the industry is stable amid the mounting problems
besetting the preneed industry.
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Fed to keep easy credit flowing for weak economy
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WASHINGTON, D.C.: The Federal Reserve concludes a two-day meeting
Wednesday widely expected to keep boosting the supply of cheap
credit to support a struggling economy showing only tentative
recovery signs.
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SMIC increases capex for local, offshore expansion
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DESPITE the global economic downturn, the holding company of the SM
group announced Wednesday that it has jacked up its
capital spending this year.
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IPVG signs investment deal with UK-based fund
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Information technology (IT) firm IPVG Corp. said Wednesday that it
entered into an investment agreement with fund management firms, GEM
Global Yield Fund Ltd. and GEM Investment Advisors Inc., and ELITE
Holdings Inc.
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San Miguel Corp. completes sale of beer brands to SMB
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SOUTHEAST Asia’s largest food and beverage conglomerate announced
on Wednesday it has completed the sale of its domestic beer brands
to San Miguel Brewery Inc. (SMB)
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Local bourse to auction off HK Securities next month
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THE Philippine Stock Exchange (PSE) announced on Tuesday that local
brokerage firm HK Securities Inc. will be auctioned off next month.
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Reservations rise by double-digit
Filinvest Land sets aggressive expansion
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THE property arm of the Filinvest Group said it is increasing its
programmed capital outlay this year,
as reservations at end-Febrauary posted double-digit growth.
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Philippine Ports Authority says bidding of North Harbor to proceed
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STATE-RUN Philippine Ports Authority (PPA) said the joint venture of
Metro Pacific Investment Corp. (MPIC) and Harbour Centre Port
Terminal Inc. agreed to continue the bidding of the country’s
premier domestic port.
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Monde M.Y. San ships biscuits to Japan
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THE maker of popular biscuit brands Sky Flakes and Fita is exporting
its products to Japan, according to the Department of Trade and
Industry (DTI).
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PSBank first-quarter net income climbs
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THE maker of popular biscuit brands Sky Flakes and Fita is exporting
its products to Japan, according to the Department of Trade and
Industry (DTI).
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PLDT unit blocks San Miguel affiliate’s Subic venture
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A UNIT of Philippine Long Distance Telephone Co. (PLDT) wants the
National Telecommunications Commission (NTC) to junk the request of
Liberty Broadcasting Network Inc. (LBNI) to operate within the
special economic zone in Subic.
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