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Tuesday, June 23, 2009 |
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2nd-quarter growth ‘better’ –NEDA
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By Darwin G. Amojelar,
Senior Reporter
The National Economic and Development Authority (NEDA) on Monday
said Philippine economic growth would be “better” in the second
quarter due to higher government spending and remittances from
overseas Filipino workers (OFWs). Rolando Tungpalan, NEDA deputy
director general, told reporters that “things are looking better
now. I can’t imagine that the second quarter will be worse [than
the first quarter].”
In the first quarter, the economy as
measured by the country’s gross domestic product (GDP) grew by
only 0.4 percent, sharply lower than the 3.9-percent expansion in
the same period last year.
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Rising oil prices to cut short BSP easing
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RISING oil prices will cut short the Bangko Sentral ng Pilipinas’
(BSP) monetary easing cycle, warned Development Bank of Singapore
(DBS).
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Two-thirds of export fund goes to SMEs
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NEARLY two-thirds of the P1-billion Export Support Fund (ESF) will
be allocated to small- and medium-scale enterprises (SMEs),
according to the Philippine Exporters Confederation Inc. (PHILEXPORT).
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Local bourse defers broker anonymity rule
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THE Philippine Stock Exchange (PSE) has deferred the implementation
of a rule that required stock brokers to maintain anonymity when
executing trades.
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Crude falls below $70 a barrel in Asia
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SINGAPORE: Oil prices stayed below $70 a barrel in Asian trade
Monday as traders took profits following a recent surge, analysts
said.
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Stocks higher on bargains
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Philippine share prices closed slightly higher on Monday as
bargain-hunters swooped in after a four-day retreat, dealers said.
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Smart unit sets expansion
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THE broadband Internet unit of Smart Communications Inc. expects to
rake in nearly a billion pesos in five years from its planned
expansion of its wireless service.Documents obtained by The Manila
Times showed that Smart...
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Napocor to file charges against errant suppliers
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State-OWNED National Power Corp. (Napocor) said it will files cases
against fuel supplier who have failed to fulfill their contract
obligations.
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Eastern Petroleum to put up ethanol plant next year
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EASTERN Petroleum Corp. plans to put up its first ethanol plant next
year as part of the company’s diversification into renewable
energy.
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Philex Mining to list more shares under stock option plan
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THE Philippines’ biggest mining firm said it will list additional
shares with the local bourse under its approved stock option plan
(SOP).
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Online gaming firm asks NTC to lift restraining order
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AN online gaming company wants the National Telecommunications
Commission (NTC) to lift the cease and desist order against its
offering of value added service (VAS) without permit.
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Tobacco farmers push higher excise taxes
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Tobacco farmers from the Ilocos region on Monday asked Congress to
pass the bill that will increase the taxes on tobacco and liquor.
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MANAGING
FOR SOCIETY
By Enrique Antonio
B. Reyes, Rph, Mba
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Measure, manage,
monitor
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It’s all about people and relationships. Based on the Caux Round
Table (CRT) principles established by industry leaders across the
globe, businesses should focus on making people live and work
together for the common good as well...
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