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By Eileen A. Mencias
East West Banking Corp., the banking unit of the Gotianun family, yesterday paid $45 million to American Insurance Group for the acquisition of AIG Philam Savings Bank and two other AIG companies after receiving the go-signal from the Bangko Sentral.
By Lawrence Agcaoili
The country’s debt stock rose 13.7 percent at the end of 2008 as the government borrowed more from both domestic and foreign creditors to finance the swelling budget shortfall brought about by lower tax collections.
Filipino consumers now less pessimistic, says BSP survey
Filipinos are now less pessimistic because of falling oil and food prices and on news that the global recession will not greatly have an impact on the Philippine economy, a survey of the Bangko Sentral showed yesterday.
SEC okays San Miguel’s P39-b bonds
By Jenniffer B. Austria
The Securities and Exchange Commission approved the P38.8-billion bond offering of San Miguel Brewery Inc., the flagship beer unit of food and beverage giant San Miguel Corp.
By Victor C. Agustin
IF you are planning a lifelong career in corporate wage slavery, you can not go wrong in choosing the Ayala Group of companies.
Despite the global financial meltdown that now threatens to drag the bottom line of many Philippine companies, Ayala Corp. still plans to increase this year the compensation of both its top and middle-level executives.
By Maya Baltazar Herrera
Much has been written about job satisfaction. Presumably this is because there is evidence to the effect that job satisfaction leads to such favorable job outcomes as increased performance and retention.
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