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Monday, July 06, 2009 |
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Palace bucks ODA use
for rail transit projects
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By Darwin G. Amojelar Senior
Reporter
MALACAÑANG has blocked the use
of cheaper official development assistance (ODA) loans for two
railway projects, a National Economic and Development Authority (NEDA)
official said.
Ruben Reinoso, NEDA
assistant director general for infrastructure, said the Palace
ordered that the construction of the Light Rail Transit (LRT) Line 1
South Extension Project and the Metro Rail Transit Line 2 (MRT 2) be
funded through public-private partnership (PPP) initiatives
instead of ODA.
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Penalties on govt
for undisbursed
foreign aid dropped in 2008, says NEDA
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FOREIGN aid donors’ penalty on the Philippines due
to its failure to use available assistance fell last year, the
National Economic and Development Authority (NEDA) said.
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ANALYSIS
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New NTC rules seen
to cut telcos’ profits
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NEW regulation aimed at addressing consumer
complaints against mobile phone service providers will squeeze
further the margins of telecom companies at a time when subscribers
are spending less because...
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RP debt to balloon
next year
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THE Philippines’ debt stock would balloon next year
as the government may have to borrow more from domestic sources to
prop up a weakening economy, data from the Department of Finance
showed.
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Steel
manufacturers seek higher import tariffs
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THE Steel Angles, Shapes and Section Manufacturers
Association of the Philippines Inc. (Sassmapi) said the Tariff
Commission’s recent recommendation to slap a safeguard duty on
steel angle bars is inadequate.
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International
agencies push for more
aid to developing countries amid crisis
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GENEVA: International agencies are set to urge an
increase in assistance for trade by developing countries at a
conference beginning on Monday, amid fears that aid will be eroded
by the economic crisis.
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NEDA says
‘growth story’ remains valid
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AFTER Standard and Poor’s (S&P) kept its junk
credit rating on the Philippines, the National Economic and
Development Authority (NEDA) asked investors to continue believing
in the government.
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PCCI backs risk
assessment on oil depot
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THE Philippine Chamber of Commerce and Industry (PCCI)
has lent its support to a proposal to subject the Pandacan oil depot
to an independent risk assessment.
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Stocks rebound
expected
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PHILIPPINE shares will likely see a slight rebound
this week after falling for most of last week but the recovery will
not be sustained, dealers said on Friday.
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BSP bullish on
bank lending growth
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THE Bangko Sentral ng Pilipinas (BSP) said bank
credit would continue to grow this year despite the economic
slowdown.
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ABS-CBN, GMA 7 in
signal tiff
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ABS-CBN Broadcasting Corp. has filed a complaint
before the National Telecommunications Commission (NTC) against GMA
Network Inc. for signal interference.
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PNOC-EC eyes
natural gas supply deal
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STATE-OWNED Philippine National Oil Co.’s (PNOC)
energy exploration and development arm plans to secure natural gas
to push through with a gas pipeline project from Batangas to Manila.
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BEYOND THE BUZZWORDS
by Reylito A.H. Elbo
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Demassing:
Business without employees
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THERE was this factory manager who found himself
hampered by low production caused by the habitual tardiness of his
workers after a lunch break.
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