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Monday, August 24, 2009 |
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Bangko Sentral rules out deflation in the near term
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By Maricel E. Burgonio, Senior Reporter
THE Bangko Sentral ng Pilipinas (BSP) said inflation would remain
low this month, but ruled out a slide into deflation.
BSP Deputy Governor Diwa Guinigundo said
inflation might bottom out in August but not to the extent of
turning negative.
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Stock investors seen to look abroad for trading cues
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PHILIPPINE shares will likely consolidate this week after a long
weekend, with investors expected to look at foreign markets for
direction, dealers said last Thursday.
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Small retailers complain of shortage in loose change
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DESPITE the Bangko Sentral ng Pilipinas’ (BSP) high-profile
campaign to use coins, retailers in Metro Manila are complaining of
a shortage in loose change.
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Govt to auction off Welfareville compound
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THE Department of Finance said it is looking at privatizing
real-estate assets held by the Project Management Office and the
Presidential Commission on Good Government (PCGG) to partly finance
next year’s funding requirements.
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Sterling buys rival thrift bank
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Sterling Bank of Asia, owned by the Tiu family-led JTKC Group, has
acquired Centennial Savings Bank as part of its strategy to expand
its consumer lending business.
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Greenfield
Development seeks joint venture partners
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CAMPOS-LED Greenfield Development Corp. (GDC) is seeking joint
venture partners for its project to develop another business
district in Metro Manila.
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Research to boost rural bio-ethanol production
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Bacolod City: The Metals Industry Research and Development Center (MIRDC)
has manufactured a device that separates ethanol from impurities so
it can be used as biofuel for vehicles.
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CA junks Bayan appeal for last 3G license
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The Court of Appeals has junked Bayan Telecommunications Inc.’s (Bayan)
appeal to make the National Telecommunications Commission (NTC)
award the last 3G (third generation) license to them.
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Economic
growth seen better in second quarter
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THE Philippine economy is likely to have grown fater in the second
quarter of the year due to the improvement in remittances and
capital inflows, a government official said.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Numerator
management: From lawyers to priests
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THERE’S this new story told about Saint Peter requesting Cory
Aquino to work for him as an apprentice to help process newcomers at
the pearly gates. Saint Peter said: “You know this woman Gloria
Arroyo. Please try to find out if she’s qualified.”
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