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Saturday, February 28, 2009 |
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Industry Jobs
Contract for A Fifth Quarter
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By Darwin G. Amojelar, Reporter
EMPLOYMENT generated by
Philippine industries in the third quarter of last year fell for a
fifth consecutive three-month period, the National Statistical
Coordination Board (NSCB) reported Friday.
The agency said total employment
in industries declined by 2.7 percent in the July to September
period last year. The contraction was worse than the 0.3-percent
fall in the same three-month period the previous year.
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Citigroup sees
wider RP budget gap
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A US financial giant said the Philippines would
exceed its budget deficit by a wide margin this year as slower
economic growth will pull down tax collections amid the
government’s pump-priming efforts...
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Pinoys seen to
defer new mobile phone purchases
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WITH the global economic crisis, Filipinos are likely
to defer purchases of mobile phone handsets this year, the
International Data Corp. (IDC) said Friday.
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Peso weakens on
OFW remittance, exports outlook
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THE peso fell against the dollar, while Philippine
stocks remained in a rut on the last trading day of the week.
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Manila, Taipei
sign trade agreements
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THE Philippines and Taiwan sealed four trade and
investment pacts at the recent 16th Joint Economic Conference (JEC),
according to the Manila Economic and Cultural Office (MECO).
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Meralco taps power
plants for project
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MANILA Electric Co. (Meralco) will tap generating
plants operating in its franchise area to fund the electrification
of barangays under its concession that still enjoy no power.
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LPG supply problem
over, says DTI
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THE Department of Trade and Industry (DTI) said
domestic cooking gas supply has normalized.
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Japan faces
deepening recession
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TOKYO: Japan faced a deepening recession Friday as
factory output and automobile production posted record falls while
President Barack Obama unveiled a $3.55-trillion budget in an effort
to revive the US economy.
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India economy
slows in third quarter
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NEW DELHI: India’s economic growth slowed to a
worse-than-expected 5.3 percent in the third quarter, down from 8.9
percent in the same period a year earlier, official data showed
Friday.
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China’s economy
showing signs of recovery
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BEIJING: China’s economy is showing signs of
recovering even though the impacts of the global crisis are still
being felt, a senior planning official said Friday, as he promised
to steer clear of protectionism.
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NEW OWNER MOVES TO EXPAND BUSINESS LINE
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Petron Corp.
incurs losses
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PETRON Corp. has incurred a loss last year just when
ownership of the Philippines’ largest oil refiner changed hands.
In a disclosure to the Philippine Stock Exchange, Petron said it
incurred a net loss of P3.90 billion in 2008,...
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Digitel increases
ownership in mobile subsidiary
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DIGITEL Telecommunications Phils. Inc. (DTPI) said it
has bought more shares of its mobile unit.
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LEARNING
& INNOVATION
By Moje Ramos-Aquino, FPM
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Many of our
choices are learned choices
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Aside from our parents and parent figures in our
lives, our beliefs are also influenced by significant people in our
lives.
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