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Wednesday, January 21, 2009 |
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Jollibee eyes price cut as fuel, material costs decline
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THE country’s biggest fast-food chain announced Tuesday that it
may cut prices in light of the
declining input costs.
Tony Tan-Caktiong, Jollibee Foods Corp. (JFC)
chairman and chief executive said the fast-food company is currently
examining its production costs and would soon decide whether it
needs to reduce prices.
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PNB sees erosion of capital due to merger
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PHILIPPINE National Bank (PNB) expects high expenses attending its
proposed merger with Allied Banking Corp. to cut its capital
adequacy ratio (CAR) this year.
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Govt to fund Grand Central Terminal
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THE Department of Transportation and Communications is asking the
Department of Budget and Management to release hundred millions of
pesos to finance the common stations for three rail systems.
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NEDA approves China-funded project
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THE National Economic and Development Authority Investment
Coordination Committee-Cabinet Committee (NEDA-Cabcom) has approved
a multibillion-peso irrigation project in Central Luzon.
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Local stocks close lower on fresh US econ worries
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Local shares fell 1.3 percent Tuesday amid renewed concerns about
the US economy, which overwhelmed optimism created by the upcoming
inauguration of Barack Obama as US president, dealers said.
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Nomura says government unlikely to balance budget in 2010
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THE Philippine government is unlikely to balance its budget next
year due to higher spending that would support the slowing economy
this year, Nomura Securities said.
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San Miguel to buy state-owned power plant
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Southeast Asia’s largest food and beverage conglomarate is
planning to acquire a government-owned power plant in northwestern,
Bataan.
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Suzuki sees higher sales for ‘09
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Suzuki Philippines Inc. said it targets modest sales and market
share growth for its motorcycle segment this year, a company
official said.
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GSIS posts higher pension claims, benefits in Nov.
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The Government Service Insurance System (GSIS) said its pension
claims and benefits continued to increase year on year while it has
called on its members for the annual renewal of their active status
as pensioners.
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Meralco: Regulator OK’s new borrowing
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MANILA Electric Co. (Meralco) said that regulators had already given
it the go signal to incur fresh debt despite a consumer group’s
move to block it.
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Spirit of Manila to add more flights in region, Middle East
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Budget carrier Spirit of Manila has sought the Civil Aeronautics
Board’s (CAB) approval to add more flights in the region and in
the Middle East to tap the overseas Filipino worker market.
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Petron taps second ethanol firm
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PETRON Corp. will secure its remaining ethanol requirements from
another local producer.
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US firm opens first BPO branch in Makati
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Colorado-based business process outsourcing (BPO) firm StarTek
inaugurated on Monday its Makati facility, the first outside North
America, executives said.
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VIEWS
FROM
A BRIT
By Mike Wootton
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‘My dream is to
have my own business …’
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What an oft-repeated statement that is in the Philippines. It shows
a desire to create economic activity on the part of the general
population, albeit that may not be the first aspiration of those
making the statement! More often than not...
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