Tuesday, September 7. 2010
Citybank upgrades RP growth forecast
[ EMAIL THIS STORY TO A FRIEND ]Analysts at Citibank upgraded their forecast for the Philippines gross domestic product (GDP) this year to 6.7 percent after actual growth in the first half accelerated faster than originally expected.
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ADB okays US$ 400-M loan to expand RP’s 4Ps
[ EMAIL THIS STORY TO A FRIEND ]The Board of Directors of the Asian Development Bank (ADB) approved a US$ 400 million loan to support the expansion of the Philippines’ conditional cash transfer (CCT) program, known locally as the Pantawid Pamilyang Pilipino Program (4Ps).
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Monday, September 6. 2010
Citi cites importance to increase investment to boost RP growth
[ EMAIL THIS STORY TO A FRIEND ]The government’s bid to increase investments as another growth driver of the domestic economy was cited by Citigroup as a sure way to ensure continued growth path of the Philippines.
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Bakers to produce cheap Pinoy ‘Tasty’ loaf bread
[ EMAIL THIS STORY TO A FRIEND ]Bakers will make good its promise to produce cheaper Pinoy ‘Tasty’ loaves within the month at P36 per 450 gram loaf.
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Partylist solon bats for stronger support to countryside MSMEs
[ EMAIL THIS STORY TO A FRIEND ]Ang Kasangga Partylist Rep. Teodorico T. Haresco on Friday called on the national government to strengthen and widen support for micro, small and medium enterprises (MSMEs), particularly in the countryside.
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Sunday, September 5. 2010
PAL suffers $80M losses from bloody hostage
[ EMAIL THIS STORY TO A FRIEND ]The Philippine Airlines (PAL) suffered US$ 80 million in losses as initial impact of the August 23 Quirino Grandstand bloody hostage incident, lawyer Domingo Duerme, PAL vice president for Mindanao, said.
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Gov’t okays 2-month suspension of perks, compensations of GOCC officials — Abad
[ EMAIL THIS STORY TO A FRIEND ]Economic managers of President Benigno S. Aquino III agreed to suspend for two months the bonuses and compensations of officials of the Government Owned and Controlled Corporations (GOCC’s) and Government Financial Institutions (GFI’s), according to Budget Secretary Florencio Abad on Friday.
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Rainmaker Systems Inc. launches second RP delivery site in Makati
[ EMAIL THIS STORY TO A FRIEND ]Business process outsourcing (BPO) has never had it so good in the Philippines.
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Negros Navigation offers Sept low fares
[ EMAIL THIS STORY TO A FRIEND ]One of the country’s leading shipping lines, Negros Navigation offers promo fares for the first week of September 2010.
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Labor leader hits ‘exaggerated’ report on termination of Filipino maids in HK
[ EMAIL THIS STORY TO A FRIEND ]It’s grossly exaggerated!
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DFA closely monitoring cases of Pinoy drug convicts in China
[ EMAIL THIS STORY TO A FRIEND ]The Department of Foreign Affairs (DFA) will seek every available diplomatic channel to ensure a fair and just treatment for five Filipino nationals facing execution in China for drug-related offenses.
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CEB continues major domestic lead in 1st half
[ EMAIL THIS STORY TO A FRIEND ]Asia’s third-largest low-cost carrier, Cebu Pacific (CEB) maintains its significant lead over other airlines when it comes to the number of domestic passengers carried in the 1st half of 2010, as per Civil Aeronautics Board (CAB) figures.
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Angara stresses need to improve training of weather forecasters
[ EMAIL THIS STORY TO A FRIEND ]Senator Edgardo Angara stressed on Friday the need to improve the training of the country’s weather forecasters to minimize damages brought by strong typhoons and other weather disturbances.
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Saturday, September 4. 2010
DBP eyes role of financial adviser to proposed infrastructure fund
[ EMAIL THIS STORY TO A FRIEND ]The Development Bank of the Philippines (DBP) is eager to take on the role of financial adviser to the proposed multibillion-peso infrastructure fund the national government is putting together to help spur and sustain economic growth for the long-term.
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