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Tuesday, September 01, 2009 |
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Non-traditionals keep retail sector afloat
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By Darwin G. Amojelar, Senior Reporter
SPACE occupied by retailers in Metro Maila shopping malls grew on
the strength of non-traditional tenants, according to a property
research firm.
In its latest Philippine market overview,
Colliers International said the country’s retail sector appears to
be recession-proof with personal consumption expenditures
contributing 70 percent of the country’s gross domestic product
(GDP).
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Education sector gets raise in 2010 national budget
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THE Department of Budget and Management (DBM) said the government
raised its allocation for education next year, adding the sector
would get nearly half the budget set aside for social services.
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Local distributor bucks crisis with high-end items
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FROM coolers, a 17-year-old Filipino entrepreneur has expanded his
distribution business to high-end kitchen appliances, serving a
niche that has enabled him to grow despite the global economic
crunch.
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LandBank ramps up CFI lending
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STATE-OWNED Land Bank of the Philippines said it has ramped up
assistance to countryside financial institutions (CFIs) in a bid to
broaden credit access to farmers, fisherfolk and small
entrepreneurs.
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Govt increases sin tax collection goal
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THE government expects to raise more money from sin taxes under its
2010 Budget of Expenditures and Sources of Financing, the Department
of Finance said.
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Philippine stock market tipped to correct this week
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Philippine shares will likely correct this week after a sharp run-up
on the back of rising overseas markets and positive news on the
local economy, dealers said on Friday.
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Cebu sets sights on MSME exchange
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AN organized market for micro, small and medium enterprises (MSMEs)
that supports their financing and other business needs will start in
the final three months of the year in Cebu City.
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Callandra keen on Mamplasan
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CALLANDRA Liquefied CNG Fuels Corp. plans to acquire Pilipinas Shell
Petroleum Corp.’s refilling station in Mamplasan, Laguna.
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Sultan to expand coal output
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SULTAN Mining and Energy Development Corp. (SMEDC) plans to expand
its operations in light of the growing demand from canneries and
food manufacturers in southern Philippines.
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European businessmen bankroll ‘materials’ library for entrepreneurs
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THE European Chamber of Commerce of the Philippines (ECCP) has
inaugurated in Cebu City a “materials library” wherein small and
medium enterprises (SMEs) can do research and development (R&D)
on materials applications, development and manipulations.
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Self-generating firms return to Meralco’s grid
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MANILA Electric Co. (Meralco) said it has drawn back to its fold a
number of self-generating companies.
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Smart bucks tax on text messaging
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SMART Communications Inc. is bucking a bill imposing a tax on text
messages, citing its unconstitutionality.
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MANAGING
FOR SOCIETY
By Dennis L. Berino
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Integrity and courage
in leaders
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Several years back, when a local plane company suffered its first
ever aircraft crash resulting in the death of everyone on board, the
president and chief executive officer was the face of the company
and was at the helm of...
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