Carmen “Ching” delos Santos-Suva, who served as a career person in government service for a total of 43 years, recently joined the Manila Hotel Corporation as Assistant Vice President, it was announced yesterday by Atty. Jose D. Lina, Jr. President of the Manila Hotel.
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Exports from economic zone enterprises went up 25.766 percent to $24.334 billion in the first nine months this year versus $19.348 billion in the same period last year.
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Filipino workers based abroad transferred funds worth $6.196 billion in the first nine months of the year, up 9.2 percent from $5.662 billion the same period in 2003, the central bank said.
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The national government has decided to assume the bond issuances of state-owned National Power Corporation (NPC) which are backed up by sovereign guarantees, in compliance with the mandate for the R200 billion debt transfer as prescribed under the Electric Power Industry Reform Act.
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Indonesian and Malaysian governments have opposed the Philippines imposition safeguard measures on imported ceramic floor and wall tiles saying they will ask for compensation if the safeguard duty is extended.
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The peso rate closed at R56.35 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at R56.332. Financial markets are closed yesterday due to an official holiday. Trading will resume today.
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