Manila Business
Meralco rates to drop
DUE to lower fuel cost, generation charges of power retailer Manila Electric Company (Manila) will decrease again by another 80 centavos per kilowatt hour (kWh).
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Travel firms back A/D card system
THE Philippine Travel Agencies Association (PTAA) expressed support for the new arrival/departure card (A/D card) implemented by the Bureau of Immigration (BI).
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Oil firms submit financial report for audit
THE financial books of oil companies have been formally forwarded to the National Economic and Development Authority (Neda) for audit.
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Asean, South Korea ink free trade pact
THE Association of Southeast Asian Nations (Asean) and Republic of Korea (ROK) have signed a Free Trade Agreement (FTA) on investments in Jeju in South Korea which is expected to boost trade between t
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Local companies affected by crisis: PSE
THE global financial crisis has hit badly many companies in the Philippines after listed firms net income dropped 29.4 percent in 2008 to P198.91 billion in 2007 from the P281.54 billion posted in 200
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Korea invest US$50M for wind projects
A SUBSIDIARY of state-owned Korea Electric Power Corporation (Kepco) will infuse US$50 million for the development of a wind power projects in the country.
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LRT operations disrupted
MORE than 30,000 passengers of the Light Rail Transit 1 (LRT) were stranded Thursday morning after a steel debris from a building undergoing construction fell on a portion of the tracks of the Pedro G
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Napocor sees profit this year
STATE-owned National Power Corporation (Napocor) is expecting to post a “profit” by end of this year after recording a net loss in 2008.
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Napocor confident of reducing debts
STATE-owned National Power Corporation (Napocor) is expecting to further lower its outstanding debts from over US$6 billion to US$5 billion this year.
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Lawmaker: Save the nation through text fee
QUEZON Representative Danilo Suarez on Wednesday again asked telecommunication firms to consider the five-centavo broad spectrum fee on text to “save the nation.”
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RP’s growth targets to stay
THE government will keep this year's growth targets for now, even if the US economy is expected to recover from the global recession in the third quarter of this year.
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POEA told: Cut Pinoy seamen’s pay
HURTING badly with the global financial crisis, foreign shipping companies have asked the Philippine Overseas Employment Administration (POEA) to reduce the monthly salary of Filipino seafarers onboar
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Official: Global crisis affects revenue collections
THE Palace allayed fears of a higher deficit following reports that the Bureau of Internal Revenue (BIR) failed to meet its P100-billion target revenue.
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