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Winston Serna
(left), chief finance officer of GE Money Bank, joins Jack
Yeo, chief marketing officer, at the bank’s recent first
anniversary celebration.
--NONIE REYES |
| HEADLINES |
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Toll
ways VAT to yield P1B |
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ALTHOUGH
Malacañang has already ruled out the pursuit of new taxes in
the incoming 14th congressional session, new ones are being
sought to buttress the national coffers amid collection
shortfalls in the first five months, vis-à-vis a vow by the
administration to make this a “payback year” in terms of
infrastructure and socioeconomic services. |
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China, India can step into Asia leader’s shoes |
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PRESIDENT
Arroyo on Sunday expressed confidence that the East Asian
region will take on a more dominant role in world economic
and political affairs. |
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Japanese firms press P7-B VAT claims |
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PRESIDENT
Arroyo’s recent pronouncement that she would leave a legacy,
especially in the field of infrastructure, with the
remaining years of her administration may face new
constraints: the Japanese government is now reportedly
reluctant to confirm the financing of upcoming
Japanese-funded projects that were earlier eyed to be
implemented beginning next year. |
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BPOs
craft strategy to blunt peso impact |
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MACTAN, Cebu—The
300-member Business Processing Association of the
Philippines (BPAP) will design a plan in its meeting this
week that members expect would address the effects of the
appreciating peso currency on the industry. |
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Exporters still see 11% ’07 growth |
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FILIPINO
exporters remain reasonably confident they will reach their
full-year growth target of 11 percent for 2007 despite the
country’s low export bill in the first four months because
of the expected seasonal shipment surge to the country’
different markets abroad toward the end of the year. |
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Retaining control, PNOC way |
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THE
government-owned Philippine National Oil Co. shows how a
majority stockholder can effectively assert and exercise its
power and prerogative without meeting any kind of opposition
from its costockholders who are mostly individual investors.
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GE
Money Bank: a year after |
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A YEAR after
taking over Keppel Bank, formerly Monte de Piedad Savings
Bank, General Electric Co.’s bank operations in the
Philippines said it surpassed its asset growth target of 10
percent. |
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‘Big
4’ corners public audits in G8 economies |
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WITH the Big
4 global auditing firms controlling 99 percent of large
public company audits across the world’s eight largest
economies, levels of systemic risks in the capital markets
are high, according to research by leading business and
financial adviser Grant Thornton UK LLP, UK member of
Grant Thornton International. |
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RP-Singapore amended air deal to add 3,000 seats |
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THE
Philippine and Singapore governments are scheduled to forge
an amended bilateral air services agreement that could
increase the seat entitlements to and from the Diosdado
Macapagal International Airport (DMIA) at the Clark Special
Economic Zone in Pampanga by at least 3,000 seats from the
current 8,700 seats weekly, or 1.5 million seats a year. |
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MORE STORIES ... |
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Environment training program
Environment and
Natural Resources Secretary Angelo Reyes introduces
Didipio Sanggunian Kabataan chairman Alfredo Dumingyay Jr.
to President Arroyo in Auckland. He reported on their
environmental training program at the two Oceana Gold
mines in Reefton and Macraes, New Zealand. Leo Atinan,
Arnel Arrojo and Miguel Duyapat from Nueva Vizcaya and
Quirino are also part of the forestry development for
sustainable mining program of Oceana Gold in New Zealand. |
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