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Monday, May 18, 2009 |
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AMID DISMAL FIRST-QUARTER FISCAL RECORD
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Govt turns heat on telecom sector
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PRESSURE on the Arroyo administration to raise
revenues amid a dismal first-quarter fiscal performance has turned
the heat on the telecom sector, with fresh proposals to tax text
messaging and to reduce the
companies’ income from this service gaining ground at the
legislature.
Last week, the National Telecommunications
Commission (NTC) held an industry consultation on the proposed
five-centavo regulatory fee on text messaging, and the reduction of
the price of short messaging system (SMS) from P1 to P0.50 per
transmission.
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BSP sets separate loan
cap for banks’ power units
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THE Bangko Sentral ng Pilipinas (BSP) has set a
separate ceiling for bank loans to power projects of their
subsidiaries or affiliates.
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ADB bats for closure of
NDC, HIGC
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THE Asian Development Bank (ADB) wants the Philippine government to
rationalize “problematic” government-owned and -controlled
corporations (GOCCs) that have been incurring losses.
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Consumer loans inched up in 2008
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CONSUMER loans extended by Philippine banks inched up last year amid
demand for residential real estate, credit card use, and
automobiles, the Bangko Sentral ng Pilipinas (BSP) said.
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Stocks to extend gains this week, dealers say
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Philippine share prices should extend gains this week amid optimism
the country’s economic growth will pick up, dealers said Friday.
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TV networks eye political
ads to boost revenues
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THE country’s two leading broadcasting companies expect the
advocacy commercials of aspiring presidential candidates for the
2010 elections to boost their airtime revenues this year and next.
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Asian carriers brace for more rough weather
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SINGAPORE: Asia’s leading airlines are bracing themselves for more
rough weather after earnings nosedived in the first quarter with no
signs of a global economic recovery in sight, industry analysts
said.
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US uptick doesn’t mean crisis
is over–top US economist
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FLORIANOPOLIS, Brazil: A few recent glimmers of economic hope
emerging in the United States do not mean the global crisis is over,
a top economist who advises US President Barack Obama said Saturday.
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Recovery talk runs on
despite rearview recession
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PARIS: Fresh and deep recession data is doing little to dampen
“green shoots” talk that the global crisis is beginning to
bottom out, although analysts are forecasting a long, bumpy journey
to recovery.
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China keeps buying US bonds despite concerns
over safety of dollar-linked assets
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WASHINGTON, D.C.: China is pumping more money into US Treasury
bonds, recent data show, despite concerns expressed in Beijing in
recent months over the safety of dollar-linked assets.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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8D process: Applied
problem-solving technique
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IT’S always a good idea to go back to the formula of
problem-solving and help you readers to make thousands, if not
millions of pesos by reading this column.
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Metrobank profit recovers
on trading gains, credit growth
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METROPOLITAN Bank & Trust Co.said its net
income increased slightly in the first quarter as a result of a
recovery in trading gains and better credit growth. In a statement,
Metrobank said its consolidated profit rose to P2.086 billion at
end-March this year from P1.988 billion in the same period last
year.
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Strong sales, cost-cuts
boost Alliance Tuna earnings
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PROFITS of the country’s only listed canned tuna exporter rose in
the first three months of the year by more than a quarter on the
back of higher sales and cost cutting.
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