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Growth in remittances sent home by migrant Filipino workers slowed to a five-year low in January as the global recession reduced demand for Filipino nurses, engineers and housekeepers overseas.
BoP surplus jumped to $2.2b in the 1st two months
By Eileen A. Mencias
The Bangko Sentral yesterday reported a $469-million surplus in the country’s balance of payments in February, mainly boosted by proceeds of foreign loans and investment income.
San Miguel negotiating acquisition of Extelcom
By Roderick T. dela Cruz
San Miguel Corp. confirmed yesterday its plan to buy into Express Telecommunications Co., which is seeking a re-entry into the mobile phone business.
eTelecare board approves merger, increases par value
Business process outsourcing firm eTelecare Global Solutions said its board of directors has approved the merger between the company and EGS Acqusition Corp. with eTelecare as the surviving entity.
Official says GSIS’ incursion into non-life insurance businesses legal
State-run pension fund manager Government Service Insurance System yesterday said it is allowed by law to engage in the business and operation of all kinds of insurance and reinsurance catering to both the public and private sectors.
By Chin Wong
RALLY de Leon, 38, likes to map out uncharted territory.
In the early days, he used paper and pencil. Nowadays, he goes around the city with a global positioning system or GPS device¯sometimes mounted on his helmet¯as he rides a bicycle around the city, recording tracks that he will later upload onto a mapping program.
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