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Tuesday, July 14, 2009 |
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June budget deficit seen lower on key agencies’ under-spending
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By Lailany P. Gomez, Reporter
THE Philippines’ fiscal position improved last month, but at the
expense of key spending needed to prop up the economy, according to
a Department of Finance (DOF) official.
“Better than program ang deficit,” Finance
Undersecretary Gil Beltran said.
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SME CORNER
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Shoe-makers push repeal of ‘rugby’ rule
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LOCAL shoemakers are asking the Dangerous Drugs Board (DDB) to
repeal a rule that requires adding mustard oil on toluene-based
contact cement, which is more popularly known as “rugby,” an
industry official said.
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Philippine infrastructure rated world’s second-worst
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THE Philippines scored the second worst in terms of infrastructure
in this year’s World Competitiveness Yearbook, according to the
Asian Institute of Management (AIM) Policy Center, the local partner
of Switzerland-based Institute of Management Development.
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Benchmark rates drop on easing inflation
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BENCHMARK interest rates eased Monday on the back of the two
decade-low inflation last month, and expectations the government
would incur more borrowings, the Bureau of Treasury said.
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Ecozone investment pledges up a second month in June
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INVESTMENT pledges for the country’s economic zones (ecozones)
picked up for a second month in June, according to the Philippine
Economic Zone Authority (PEZA).
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Stocks close lower on weak overseas markets
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Philippine share prices closed 0.15-percent lower on Monday as the
market consolidated due to weak overseas markets, dealers said.
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Manila court bars regulator from reallocating Extelcom frequencies
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The Manila Regional Trial Court (RTC) has temporarily barred the
National Telecommunications Commission (NTC) from reallocating
Express Telecommunications Co. Inc.’s (Extelcom) idle wireless
local loop (WLL) frequencies for broadband use.
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Meralco plans broadband via power lines service
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Top electricity distributor Manila Electric Co. (Meralco) said it
plans to use its power lines to deliver broadband Internet service,
a company statement said Monday.
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GMA Network signs deal with workers’ union
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GMA Network Inc. announced on Monday that it signed a deal with its
employees’ union that would pave way for their salary hike and
improved benefits in the next three years.
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Liberty Telecom raises capital, approves investors
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LIBERTY Telecom Holdings Inc. announced on Monday that it is
increasing its authorized capital stock to accommodate the new
investors and raise additional funds.
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SEC approves Maynilad consortium capital hike
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THE Securities and Exchange Commission (SEC) has approved the
increase in authorized capital stock of the consortium that runs the
Maynilad Water Services Inc. to covert advances to the company into
additional shares.
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Anglo extends loan to Atlas Mining
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A member of the consortium that runs the Metro Rail Transit Line 3 (MRT
3) has extended a multi-million dollar loan to its affiliate to fund
its copper mine.
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Kirin, Suntory in merger talks to create Japan’s biggest beverage firm
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TOKYO: Japanese drinks companies Kirin Holdings and Suntory are
negotiating a merger that would create one of the world’s largest
beverages makers, a report said Monday.
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MANAGING
FOR SOCIETY
By Evelio G. Echavez
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Providing Good Customer
Service
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I notice that there are businesses whose services I regularly
patronize. For example, I refill my vehicle at the same gas station,
go to the same service shop every time my vehicle is due for regular
preventive maintenance, or eat in only...
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