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Music and
money. A
Filipino trader covers his ears while a musician plays the
violin at the Alliance Global Listing ceremony at the
Philippine Stock Exchange on Monday. President Arroyo
graced the listing of some 3.13 billion common shares of
stock of Alliance Global worth P17.8 billion, as stock
prices vaulted to new record highs. At trading close, the
composite index rose 9.26 points or 0.25 percent at
3,680.55—a new record topping the May 22 trading finish.
The AGGI follow-on stock offering, touted as the single
largest in PSE history, resumed Monday after it was
suspended on June 4.
Stories in
Companies section. --AP |
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RP
trading costs too high–WB |
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 THE
World Bank has adjudged the Philippines the most expensive
place there is in Asia from which to trade with the rest of
the world. |
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Breastfeeding champions step up call on eve of hearings |
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BREASTFEEDING advocates continued to lambast infant formula
companies on Monday as the Supreme Court set oral arguments
over the implementation of the Milk Code on Tuesday. |
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SC
upholds validity of DepEd-Vibal book deal |
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THE Supreme
Court has upheld the validity of the multimillion dollar
contracts awarded by the Department of Education to text
book publishers Vibal Publishing House, Inc. and Watana
Phanit Printing and Publishing Co. Ltd. for the supply and
delivery of some 17.5 million copies of social studies
textbooks and teachers’ manuals. |
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RP
share sales may reach a record P80B |
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PHILIPPINE
companies may sell a record P80 billion ($1.7 billion) of
shares this year, said Jose Vitug, chairman of the stock
exchange. |
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Auto
sector looks to regain 160,000 sales |
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LOCAL auto
assemblers are moving to regain lost sales volume,
specifically the 1996 level of 160,000 vehicles of all types
annually; and their initial plan is to come up with a list
of models accessible to those in the C economic segment of
the market for use in business. |
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Jollibee now owns China chain |
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THE
Philippines’ largest food service company, Jollibee Foods
Corp., is now the sole owner of the 102-branch restaurant
chain Yonghe King after acquiring for $6 million the
15-percent stake of Academy Resources Ltd. in Belmont
Enterprises Ventures Ltd. the operator of Yonghe King
chain. The chain operates in China. |
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PAL,
3 others seek CAB’s okay to hike fuel surcharge |
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PHILIPPINE
Airlines (PAL) and three foreign airlines have applied for
increased fuel surcharges, and the Civil Aeronautics Board
(CAB) said Monday it recently held a hearing for that
purpose. |
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Mystery in FM money riles solon |
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“WHAT did
they do with the money stolen by Marcos? Was it stolen
again?”
This was the
sarcastic question of Rep. Loretta Rosales of party-list
group Akbayan, one of the registered victims of the Marcos
dictatorship, after she revealed Malacañang’s alleged ploy
to block the Marcos compensation bill, which should have
been ratified by now. |
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MORE STORIES ... |
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A DANCER promotes the New KIA
Carnival with CDRi diesel engines at a formal media
presentation in Makati City. The mood in the industry,
where many new models are being unveiled, is upbeat. The
chamber of automakers in the country has unveiled plans to
breach the 100,000-unit sale once again after 11 years.
--NONIE REYES |
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