THIS year, the Philippine Medical Association (PMA), the umbrella organization of the medical profession in the country, holds its 97th Annual Convention at the Manila Hotel on May 19 to 22, 2004, on the theme A Unified and Responsible PMA into the Next Century. The four-day celebration features num
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The National Economic and Development Authority (NEDA) has approved the P1.5-billion aqueduct project in Novaliches, Quezon City.
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The Land Bank of the Philippines (LBP) has tied up with San Miguel Corp. (SMC) in financing the production of corn and cassava in Bukidnon and South Cotabato and may fund SMC-linked farmers’ acquisition of post harvest facilities that would help processing of the goods into higher valued products.
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The Department of Trade and Industry is keen on pursuing two-pronged strategy of importation and tariff liberalization in light of the soaring prices of chicken, pork, cooking oil and flour in the wake of increases in oil prices, and impending hikes in transport and minimum wage rates.
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The government has a big chance of balancing its national budget by the year 2009, said deputy presidential spokesman Ricardo Saludo.
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The peso closed higher at P55.825 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.93 the previous day. The weighted average rate depreciated to P55.913 from P55.884. Total volume amounted to $99.5 million.
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The Asian Development Bank (ADB) has reaffirmed its commitment to implement its programs and make the bank more accountable, efficient and transparent.
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TOKYO, May 18 (AFP) — Japan’s economy grew a faster-than-expected 1.4 percent in the three months to March as the export-led recovery spread to domestic demand, the government said Tuesday.
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LONDON (AP) — Oil prices surged close to US$42 a barrel Monday as markets shrugged off a Saudi proposal that OPEC raise its official output target by 6 percent.
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The Bangko Sentral ng Pilipinas (BSP) announced yesterday the peso rediscount and exporters dollars and yen rediscount facility (EDYRF) rates applicable on loan availments by banking institutions for the month of May 2004; 6.161 percent per annum (p.a) for peso rediscount, which is lower by 0.455 pe
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Deutsche Bank local affiliate DB Real Estate Global Opportunities IB LP bought R13.4 billion of National Home Mortgage Finance Corp.’s non-performing residential mortgages in a successful bidding held yesterday, its second attempt to sell housing assets.
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Exports of the Philippine Associated Smelting and Refining Corp. (PASAR) in the first quarter this year went up 67 percent to $153.64 million as against $92 million in the same period last year.
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Most of the terminals operated worldwide by International Container Terminal Services, Inc. (ICTSI) are already compliant with the International Ship and Port Facility Security Code (ISPS) set by the UN International Maritime Organization (IMO) before the 1 July deadline this year.
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Property firm Megaworld Corporation yesterday reported a net income of P242.49 million for the first three months of 2004 against a net income of P217.39 million during the same period last year.
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The Department of Trade and Industry (DTI) is planning to further reduce the safeguard duty on cement in light of the recent increases in prices of domestic cement.
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There is growing evidence that the Philippines will be relying again on increased production of food and farm products to boost exports and strengthen the national economy.
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The government is inclined to keep its 15 percent tariff on refined palm oil rather than reduce this to zero as a more liberal palm oil trade regime may discourage palm oil planting targeted by government to reach to 110,000 hectares by 2010.
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MANILA (Dow Jones) — The Philippine government’s foreign commercial borrowing for this year may exceed its targeted $1.85 billion, although actual borrowing will still depend on market conditions, Finance Undersecretary Eric Recto said Thursday.
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CALAMBA CITY — Business community and local government leaders of Southern Tagalog lauded yesterday the Arroyo government’s “determined bid to upgrade the reliability and efficiency of the region’s supply of electricity” even as they pledged to support the call for the protection of power transmissi
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Rene Y. Soriano, president of the Employers Confederation of the Philippines (ECoP), announced yesterday the appointment of Feliciano Torres as overall chairman of the 25th National Conference of Employers to be held on April 2122 at the Westin Philippine Plaza Hotel.
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The government is being urged to put up extra effort in establishing a “climate of investment” to bring in the much needed power capacity and in order for the country to avoid a threatening second round of power crisis.
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