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SEC unveils bailout for pre-need industry
THE Securities and Exchange Commission has given ailing pre-need firms four to five years to build up their impaired capital and trust funds as a result of the economic slowdown, its top official said yesterday.
Special session planned for poll budget
By Roy Pelovello
PRESIDENT Arroyo will call a special session of Congress if necessary to ensure the P11.3-billion supplemental budget to automate the 2010 elections is passed on time, Malacañang said yesterday.
Philippines? coconut oil shipments shrink 45%
Export-dependent Asian economies sink deeper
More Filipinos glued to TV as tough times bite
Top law firm hired against Legacy
Arroyo flying to Thailand
Faster theater restoration ordered
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Pre-war wonder. President Arroyo is briefed by Manila City Engineer Armand Andres, left, and Manila Mayor Alfredo Lim during her inspection yesterday of the renovation work on the Metropolitan Theater. JERRY CARUAL |
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Petron books P3.9-b loss
By Alena Mae S. Flores
Petron Corp., the larger of the country’s two oil refiners, posted a bigger-than-estimated loss of P3.9 billion in 2008 due to volatile crude prices.
RP readies single Customs window system
By Joyce Pangco Pañares
BANGKOK—The Philippines will fully implement by the middle of the year a national single window customs transaction scheme that will facilitate a seamless flow of goods among member-countries of the Association of Southeast Asian Nations, Asean deputy secretary general Sundram Pushpanathan said.
Citibank sees wider budget gap, weak peso
By Eileen A. Mencias
Citibank sees the Philippines’ budget deficit widening this year to P197 billion and the peso weakening to 49 to 50 against the US dollar due to the poor macroeconomic environment potential business failures and reduced corporate income tax.
January airline passenger traffic fell 5.6%
By Roderick T. dela Cruz
International air passenger movement slowed 5.6 percent year-on-year in January, marking the fifth straight month of contraction since the global financial crisis affected tourist spending across countries.
Retirement agency draws $38.2m worth of deposits
The Philippines generated $38.2 million,, or P1.8 billion from the investment deposits made by new foreign retirees in the country last year.
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A legislated right to reply
The right to reply is a basic rule that is perhaps as old as the journalism profession itself. Working newsmen worth their salt faithfully follow it if they want to stay credible—and saleable. But why is it that when Congress tries to legislate and institutionalize that right, members of the media community rise in unison to thwart such move?
Political guidance from Jesus (2)
By Teodoro Bacani Jr.
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