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Thursday, July 23, 2009 |
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proceeds to pre-fund 2010 requirements
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Govt eyes fourth-quarter sale of Samurai debt papers
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By Lailany P. Gomez, Reporter
THE Philippines may tap the Japanese bond market for additional
funds in the fourth quarter of the year, the Department of Finance (DOF)
said Wednesday.
During the signing ceremonies for the revised
implementing rules and regulations (IRR) of Republic Act 9184, or
the Government Procurement Reform Act, Finance Secretary Margarito
Teves said fresh borrowings through the sale of Samurai bonds may be
undertaken sometime between October and December this year.
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Listed companies pay higher dividends at end-June
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CASH dividends distributed by listed companies at the end of the
second quarter this year inched up from a year ago, the Philippine
Stock Exchange (PSE) said Wednesday.
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Bangko Sentral signals cut in reserve requirements
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The Bangko Sentral ng Pilipinas (BSP) may again cut its reserve
requirement to support the country’s economic recovery efforts, a
ranking official said.
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SME CORNER
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Small firms told to boost IP value
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Small and medium enterprises (SMEs) in the country should add value
to their goods and services to grow in a global economy that is
becoming more knowledge-driven, an expert said on Wednesday.
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PSALM re-opens bidding for
Sual, Pagbilao plants
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State-run Power Sector Assets and Liabilities Management Corp.
(PSALM) has opened the second round of bidding for National Power
Corp.’s (Napocor) contracted output from the Sual and Pagbilao
coal-fired generating plants.
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Cebu Pacific sets fleet expansion on higher traffic
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Budget airline Cebu Pacific expects passenger traffic to almost
double in the next five years on the back of its continued expansion
of routes and purchase of more aircraft.
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San Miguel telco unit seals deal for Liberty shares
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THE telecommunications unit of Southeast Asia’s largest food and
beverage conglomerate said Wednesday that it sealed the deal with
Liberty Telecoms Holdings Inc. (LTHI) for the acquisition of the
latter’s preferred shares.
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But downside risks limited, says rating agency
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Fitch warns of Union Bank’s low capital
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FITCH Ratings Inc. said Union Bank of the Philippines’ capital
adequacy ratio (CAR) has fallen below the regulatory minimum.
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Jordan seeks Philippine expertise on wind energy technology
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The Jordanian government is seeking local expertise on wind energy
to help in the development of its renewable energy resources.
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Aboitiz to sell renewables
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Aboitiz Power Corp. (AP) plans to market electricity from its
renewable energy sources to residential and commercial customers
once open access and retail competition kicks in.
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Eastern Telecom increases capex
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EASTERN Telecommunications Philippines Inc. has increased its
capital expenditure this year to build a data center facility to
serve business process outsourcing (BPO) companies as well as small
and medium enterprises (SMEs).
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