Archive for August, 2009
Department of Agriculture confident of hitting rice output target
August 31st, 2009 | 
Author: The Department of Agriculture (DA) has expressed confidence the country would hit or even surpass its rice production forecast of 17.5 million metric tons (MT) this year.
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SSS earns P125 million from sale of real estate
The Social Security System (SSS), the state pension fund for private employees, earned a total of P124.89 million from the sale of more than 200 acquired real estate properties all over the country, its top official said.
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DOF sees only small rise in take from excise tax on ’sin products’
The Department of Finance (DOF) expects excise tax collections from tobacco and alcohol products to rise by a measly 3.7 percent next year as it earlier agreed to defer to 2012 any further increases in “sin tax” rates.
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Market seen to enter correction phase
Share prices might enter a correction phase this week as most stocks have already reached overbought levels given the market’s strong gains in the past seven months, analysts said.
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‘Now is the perfect time to invest’
It seems that we are nearing the tail end of the global financial crisis. This is an encouraging insight that a leading mutual fund firm wishes to convey to the still wary investing public.
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Splash inks pact with Malaysian firm
Local personal care and cosmetics manufacturing giant Splash Corp. has further stepped up its presence overseas with the signing of a new distributorship agreement with a Malaysian firm to distribute its products under flagship brands, Maxipeel and SkinWhite.
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Meralco rates to remain stable
Power rates at the Manila Electric Co.’s franchise area are expected to remain stable next month.
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Accenture offers IT cost-cutting measures
US-based outsourcing firm Accenture has proposed information technology strategies to help companies deal with the pressures of the global financial crisis.
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National Tobacco Administration to go into corporate farming
The National Tobacco Administration (NTA) has adopted the corporate farming approach in the raising of low grade tobacco to supply the raw material requirements of the tobacco dust processing plant that the agency has put up in La Union last month.
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Petron lays groundwork for mini station program
Petron Corp., the country’s largest oil refiner, has started laying the groundwork for its mini-station program, dubbed as “Bulilit Station.”
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