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TRANSACTIONS
are made at a remittance agent that specializes in
Philippine-peso transactions in Hong Kong, China, on
Sunday. The Philippine peso traded near the strongest in
seven years against the US dollar. The currency was at
44.065 as of 9:09 a.m. in Manila, according to Tullett
Prebon Plc., the world’s second-largest interdealer
broker. It has gained 12 percent this year. -- BLOOMBERG |
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Cabinet tackles ‘major risks’ |
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GOVERNMENT
is acting early this time and anticipating problems that
could impact negatively on economic growth, such as the
decline in exports and the rising oil prices in the world
market. |
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RP
remittances expand as banks extend reach |
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Remittances
from Filipinos working abroad expanded at the fastest pace
in four months in August as more overseas nationals sent
more money home through banks. |
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Team
set up to support exporters |
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THE
government has created a team that will run to the aid of
exporters who are expected to meet stricter regulations in
the international market arising from the creation of
exclusive trade blocs. |
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NG
vow to remit P40B seen to shore up BSP’s finances |
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THERE is
hope yet the Bangko Sentral ng Pilipinas (BSP) could turn
its finances around and stop a financial hemorrhage that has
cost it P50 billion thus far. |
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Procurement-law remedy best way to skin corruption cat |
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GOVERNMENT
experts on project evaluation and procurement process told
senators Monday that the aborted P15-billion national
broadband network (NBN) deal awarded to Zhong Xing
Telecommunications Equipment Co. Ltd. (ZTE) of
China
could not have been exempted from public-bidding rules
without a go-ahead from the Palace. |
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Panlilio: wasn’t a bribe; Andaya: wasn’t for budget |
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PAMPANGA
Gov. Eddie Panlilio said at a press conference at the
Provincial Capitol Monday he does not think the P500,000
given to him in Malacañang on Thursday was bribe money. |
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Despite feud with Cha-cha ally Joe, GMA forms panel |
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HOW does
that song say it. . .”Here we go again, taking a chance on
love…” But President Arroyo is not betting on love, but on
what is still a mystery: on Monday she set up an interagency
panel to revive the much-reviled Cha-cha, or Charter change. |
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Yap
orders SRA to release sugar reserves to stabilize prices |
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AGRICULTURE
Secretary Arthur Yap on Monday ordered the Sugar Regulatory
Authority (SRA) to release its sugar reserves to the
domestic market this week to stabilize sugar prices
following reports the rainy season had cut back production
by as much as 40 percent, which has already led to the rise
in pan de sal prices as well as other items that extensively
use sugar. |
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MORE STORIES ... |
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A MODEL
wears a black- and-white coat over a cream-and-black
bikini, carrying a lime green carry-all, at a 2004
Burberry show in Milan, Italy, on Tuesday. Burberry
Group Plc., a UK luxury-goods maker whose founder
created gabardine fabric, may say Tuesday first-half
sales advanced after the company opened stores to stoke
purchases of higher-priced products. Revenue rose 14
percent to £449 million ($913 million) in the six months
through September from £392.5 million a year earlier,
according to the average of five analysts’ estimates
compiled by Bloomberg. --BLOOMBERG |
