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Friday, September 11, 2009 |
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Consumer pessimism eases in 3Q
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By Maricel E. Burgonio, Senior Reporter
CONSUMER pessimism eased in the third quarter this year on
perceptions of improving business conditions and job prospects,
especially among the high and middle income groups, the Bangko
Sentral ng Pilipinas (BSP) said Thursday.
In the latest round of its Consumer Expectations
Survey, the BSP said the nationwide consumer confidence index (CI)
eased to -31.9 percent for the third quarter from -34.2 percent in
the previous quarter and -52.8 percent a year ago. This suggested
that the number of respondents with positive outlook increased even
as pessimists outnumbered optimists, the central bank said.
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Latest data show decline in exports, FDI
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SALES abroad of Philippine-made goods contracted further due to the
continued drop in electronic shipments, but job-generating foreign
direct investment (FDI) as well money invested in peso-denominated
financial assets improved, according to separate announcements by
government agencies.
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PSE creates fund against erring brokers
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THE Philippine Stock Exchange (PSE) said its board approved the
establishment of a fund to assist investors in filing and
prosecuting a criminal case against a trading participant.
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Customs misses August collection goal
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The Bureau of Customs said it failed to meet its collection target
at end-August due to poor imports volume and lower oil prices.
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Firm taps foreign groups for renewable energy
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Local firm Alternergy Philippine Holdings Corp. has tied up with
Japanese and Korean firms for the development of renewable energy
projects in the country.
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Napocor starts talks with banks for planned bond sale
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State-owned National Power Corp. (Napocor) plans to raise money from
the sale of bonds to partly finance the capital requirements of its
off-grid and missionary electrification arm.
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Samar power grid link set
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The National Grid Corp. of the Philippines (NGCP) has started a
transmission line project in the Visayas that is expected to help
alleviate the region’s power woes.
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BIZZ
FIZZ
By Rene Martel
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The corporate events king
of New York
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AS they say about New York, if you can make it there you can make it
anywhere—and that’s certainly true of proud Filipino Gerry Sibal
who has made a resounding mark in the Big Apple with his exquisite
creativity.
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