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Alphaland Corp., an affiliate of the Ashmore Group, is spending up to P1.4 billion for the redevelopment of the 25-year-old building Southgate tower into a business process outsourcing structure with retail component.
Universal Motors defers auto expansion project
By Elaine Ramos Alanguilan
Universal Motors Corp., the local assembler of Nissan commercial vehicles, has postponed plans to expand its production facilities in light of the global financial crisis.
Banco de Oro sees slightly lower GDP growth in 2009
By Eileen A. Mencias
Banco de Oro Universal Bank, the country’s largest bank, expects Philippine economic growth to slow down slightly this year.
Treasury eyes new retail bond issue
The government is set to issue retail treasury bonds this year to provide small local investors investment opportunities and at the same time raise funds to plug the government’s swelling budget deficit.
Govt approves Veco?s P182-m power lines
The Energy Regulatory Commission has approved the P182-million capital expenditure program of private power distributor Visayan Electric Co., including the construction of an interconnection line linking cement maker Cemex Philippines.
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