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Business and Society
Everyone has heard of the trite expression "Think global, act local."
NG lowers deficit to P9 B in 2007 against P63-B target
The National Government posted a lower-than-programmed budget deficit of P9.4 billion in 2007, the lowest full-year deficit since 1992 of P16 billion.
P28-B rural electrification program set
Amid physical and logistical challenges, the National Electrification Administration (NEA) is poised to deliver on its P28-billion electrification program targetting sitios and the most far-flung areas in the country.
BPO industry seen to keep growing
The business process outsourcing industry in the Philippines will likely grow almost 43 percent this year to bring in $ 7 billion in revenue, government officials and industry executives said yesterday.
Sale of 10 sub-transmission assets OK’d
The Energy Regulatory Commission (ERC) has finally given the green light for the sale of 10 sub-transmission assets (STAs); beefing up the revenue stream of National Transmission Corporation (TransCo) by P253.729 million.
Intel complains over high power cost
The government’s energy agencies are set to resolve the high cost of power to heavy power user industries after Intel, the world’s leading chipmaker with a huge investment in Cavite, raised the issue of high power cost in the country to President Gloria Arroyo.
P/$ rate closes at P40.90/$ 1
The peso exchange rate closed lower P40.90 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P40.65 last Friday. The weighted average rate depreciated to P40.802 from P40.661. Total volume amounted to $ 534.5 million.
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