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Wednesday, September 09, 2009 |
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Benchmark interest rates climb
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By Lailany P. Gomez, Reporter
BENCHMARK interest rates went up on Tuesday’s auction of Treasury
bills (T-bills) ahead of the government’s planned borrowing
through the sale of retail Treasury bonds (RTBs) next week.
The rise in T-bill rates also comes on the heels
of the Bangko Sentral ng Pilipinas’ statement that inflation last
month may have hit the bottom at 0.1 percent, indicating that prices
of goods and services may pick up in the coming months.
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Govt should hike LRT2 fare–study
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THE Philippine government should increase the Light Rail Transit (LRT)
Line 2 fare to make the system “sustainable,” a joint study by
the Japan International Cooperation Agency (JICA) and the National
Economic and Development Authority (NEDA) said.
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RP dollar reserves rise to fresh record
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THE Philippines dollar reserves continued to increase in August as
the International Monetary Fund (IMF) injected money to boost
domestic liquidity amid the global financial crisis, the Bangko
Sentral ng Pilipinas (BSP) said Tuesday.
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BSP rate-cutting cycle seen complete
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THE Bangko Sentral ng Pilipinas (BSP) has completed its monetary
easing cycle, as the global economy has shown signs of early
recovery, according to First Metro Investment Corp. (FMIC) and
University of Asia and Pacific (UA&P).
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Listed firms’ corporate governance improves–ICD
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A STUDY among Philippine listed companies showed that corporate
governance practices have improved, according to the Institute of
Corporate Directors (ICD).
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WEF ranks US among most economically unstable nations
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GENEVA: The United States fared badly in a new assessment of world
economies, with the financial crisis accentuating its weakness as
one of the most economically unstable nations, the World Economic
Forum said Tuesday.
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Smart bucks subsidy to small telcos
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SMART Communications, Inc. has turned down a petition from small
telecom operators that mobile-phone service providers extend them
subsidies.
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TA Oil to build more wind farms nationwide
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Trans-Asia Oil and Energy Development Corp. (TA Oil) is planning to
ramp up its wind power prospects in line with its thrust of pursuing
renewable energy projects, a company executive said Tuesday.
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MPIC sets size, price for follow-on offering
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THE local unit of Hong Kong-listed First Pacific Co. Ltd. has
announced on Tuesday the size and price of its shares it plans to
sell to the public to raise additional funds.
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IPVG unit to sell shares to UK-based
investor
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IPVG Corp. announced Tuesday that its online gaming unit will sell
shares to the UK-based investor.
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RIM launches new BlackBerry Curve
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Research In Motion (RIM), maker of the BlackBerry smartphone, has
launched its newest product in a quest to capture a bigger share
amid the rising number of Filipinos that use mobile phones to access
the Internet.
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Philex production at Padcal mine falls in August
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THE Philippines’ biggest mining company said that production at
its Padcal copper-gold mine in Benguet dipped last month.
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VIEWS
FROM
A BRIT
By Mike Wootton
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Setting hares running
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A hare is a member of the lepus “family.” They look like large
rabbits with big ears; they box each other, usually the female
hitting the male (!). They run extremely fast (up to 72km/hr) and
change direction quite unpredictably.
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