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BOI awards tax perks to mass housing projects
By: Ben Arnold O. de Vera | Manila Times
3 July 2009 | 10:10 AM
The Board of Investments (BOI) said it granted tax incentives and other perks to three low-cost mass housing projects.
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NTC issues circular on ‘dropped calls’
The National Telecommunications Commission (NTC) on Thursday issued stricter rules on the drop-call rate of the telecommunication companies, or telcos, in a bid to protect consumers.
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Recovery, before debt worries
Before Asian countries, including the Philippines, start worrying about increasing debt and inflation, they must first focus on recovering from the global economic crisis, according to the Asian Development Bank’s (ADB) new chief economist.
[ Full Story ]
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Government pressed to raise trade barriers
Pressure on the Philippine government to raise trade barriers mounted, as the World Trade Organization (WTO) warned of rising protectionism amid the economic crisis and sharply cut its forecast for trade volumes of developed and developing economies this year.
[ Full Story ]
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Interest rates seen to dip further in 3Q
The Bangko Sentral ng Pilipinas (BSP) will be more aggressive in cutting its interest rates given easing inflation, according to ING.
[ Full Story ]
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Bangko Sentral trims 2009 inflation forecast
The Bangko Sentral ng Pilipinas (BSP) cut its inflation forecast for this year, citing moderate price increases, a stable foreign exchange rate, and base effects.
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| Market Summary |
| Indices |
Last |
Change |
Percent |
| PSEi |
2,431.34
|
6.70 |
2438.04 |
| All Shares |
1,559.95
|
2.52 |
1562.47 |
| Dow Jones |
8,280.74
|
223.32 |
2.63 |
| NASDAQ |
1,796.52
|
49.20 |
2.67 |
|
| As of 7/3/2009 - 12:11 PM |
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| Treasury Bill Rates |
| Tenor = Days |
Current |
Previous |
Change |
| 91 |
4.294 |
5.00 |
0.706 |
| 182 |
4.565 |
5.248 |
0.683 |
| 364 |
4.761 |
5.373 |
0.612 |
|
| As of 1/26/2009 12:00 AM |
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