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Toy for joy.
An amused boy
is carried by his father past a “robot,” complete with ID
card, at the opening of the Toy Convention at the
Megatrade Hall in Mandaluyong City before the weekend. The
convention drew thousands of traders, exhibitors and
enthusiasts. --NONOY
LACZA |
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Teves clarifies resignation offer |
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FINANCE
Secretary Margarito Teves said on Sunday that he has decided
not to push through with his plan to submit a courtesy
resignation to President Arroyo this week after Malacañang
clarified what the finance chief called a “totally
inaccurate” report regarding a revamp in the Executive. |
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Delays in CMOL extraction costing RP |
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FURTHER
delays in the development and production of the
Camago-Malampaya Oil Leg (CMOL) reduce the prospects the
country could benefit from it in view of high world oil
prices, an oil industry expert told BusinessMirror. |
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Red
tape worsens importers’ woes from new fees |
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BESIDES
adding to the already high costs of doing business in the
Philippines, newly imposed fees on containerized shipments
have been inefficiently collected, adding another
bureaucratic layer at the Bureau of Customs (BOC), according
to freight forwarders and other port users. |
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Firms eyeing bioethanol seeking perks |
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THREE joint
venture firms involving Chinese companies will seek
incentives such as on taxes for bioethanol plants they plan
to put up in Negros Occidental and in Cagayan Valley with
sugar cane as feedstock. |
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Romulo in China; to tackle trade, investments with Wen |
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FOREIGN
Affairs Secretary Alberto Romulo will map out with Chinese
Premier Wen Jiabao investment strategies for Chinese
investors on Monday to be able to reach $30 billion in
bilateral trade volume by 2010. |
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Lacson questions freeze on funds during campaign period |
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REELECTED
Sen. Panfilo Lacson has questioned the order of the
Anti-Money Laundering Council (AMLC) to freeze P1.21 billion
worth of accounts involving over 8,000 suspicious
transactions made in the midst of the May 14 election
campaign on suspicion some of these funds came from illegal
sources. |
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DBP
seen to pitch $1-B hedging facility at exporters’ meeting |
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TOP
officials of the Development Bank of the Philippines (DBP)
will personally explain to exporters the $1-billion hedging
facility the bank will be offering, at government’s
instigation, to help exporters avoid losses arising from the
expected continued appreciation of the peso. |
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Fund
firms track OFWs moving to newer markets |
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OVERSEAS
Filipino Workers, or OFWs, will continue to evolve, their
numbers growing outside the traditional markets like the US,
Middle East, Europe and Asia, as more Filipinos go abroad in
search of economic opportunities. |
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Owwa
streamlines funds schemes to jack up earnings |
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THE Overseas
Workers’ Welfare Administration (Owwa) has done away with
subpar operational practices and atrocious policy stances
that in the past led to losses in the hundreds of millions
of pesos a year, according to industry sources. |
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A MINER digs away at a gold
site in Canatuan, Siocon Zamboanga del Norte. Mining is
one of the priority areas for investments by the Chinese,
who are hosting Foreign Affairs Secretary Alberto Romulo
in Beijing this week. Chinese firms were among the most
aggressive players in recent roadshows by Philippine firms
and the government, looking to cash in on the continued
rise in world prices of minerals .
--RHOY COBILLA |
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