Finance Secretary Juanita D. Amatong yesterday cautioned against plans to repeal the automatic debt service appropriations as it may close the window of opportunity for the country to avail of offshore financing, if not, pay a higher cost for its fund-raising activities to finance government expendi
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The Bangko Sentral ng Pilipinas (BSP) projected credit growth for this year to reach between seven percent and eight percent, slightly lower than the 10 percent growth in 2003.
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Car sales posted a hefty increase of 32.3 percent in January this year as the sector improved its share of the total automotive m arket to 37 percent from 26 percent last year owing to a negative 18.9 percent growth in the commercial vehicle category and a declining market share of 63 percent from 7
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The Philippine Stock Exchange (PSE) yesterday accepted the subscription of five institutional investors for 5.265 million new shares of its capital stock.
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The peso closed lower at P55.905 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.845. The weighted average rate unchanged to P55.872 from P55.872. Total volume amounted to $80 million.
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SINGAPORE, Feb. 11 (Reuters) — Asian currencies pushed higher against the US dollar on Wednesday on growing speculation that central banks may have less resistance to exchange rate strength.
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International oil prices have started to take a nosedive; but local oil companies have emphasized that they cannot heed calls for a price rollback yet; considering the magnitude of their under- recoveries that accrued in the past four months.
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ALGIERS, Algeria (AP) — OPEC decided Tuesday to cut its excess production of crude immediately and lower output quotas by 1 million barrels a day effective April 1. The surprise move means consumers will continue to face high prices for gasoline and other refined products, analysts said.
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Most people in the Asia Pacific region, Filipinos included, can no longer do without their mobile phones, as the results of the Siemens Mobile Lifestyle Survey showed.
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The Center for International Trade Expositions and Missions (CITEM) is giving recognition for the best Information Technology (IT) services and products in the country this week.
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State-owned National Power Corporation (NPC) has awarded to GE Energy Rentals and to Aggreko International Power Projects (AIPP) at least two contracts worth $5.8 million for the lease of generator sets to meet capacity demand in Palawan and Panay.
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Reentering the local market under the ambit of Ford Group Philippines, newly-formed Mazda Philippines has vowed to conquer the domestic car market with an initial conservative two percent market share this year as the company gears up for an aggressive marketing tack under its flagship company Ford
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