Archive for December, 2009
UN sends food for nearly 50,000 people driven from homes by Philippines volcano
December 31st, 2009 | 
Author: WFP ) has sent 20 metric tonness of high energy biscuits to aid nearly 50,000 Filipinos forced to leave their homes by a possible eruption of Mount Mayon volcano in the northern Philippine island of L…
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Preaching the Gospel to the communist rebels in the Philippines
Poverty, unemployment and corruption of the military still pushing many farmers to support the rebels of the Communist New People's Army, despite the amnesty of 2007 and integration programs and devel…
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DA weathers stormy, critical events of ’09
DURING A RICE CONFERENCE in October, Agriculture Secretary Arthur Yap, normally tightlipped on issues concerning rice prices and imports, surprised delegates with a warning that a “perfect storm” of price factors was brewing and could trigger a rerun of the 2008 rice crisis.
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BIR sees losses of up to P7B in Q1
THE EFFECTS of devastating storms on the country’s economy continued to reflect on the tax take of the Bureau of Internal Revenue, which reported that it expected to lose some P7.2 billion in collections in the first quarter of 2010.
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Budget carriers seen doing better
BUDGET CARRIERS may soon rule the world’s skies as more and more travelers choose thrift over luxury, a local industry official said.
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RP expects $200M ADB fund for energy plan
THE DEPARTMENT OF ENERGY and the Asian Development Bank are preparing a $200-million multitranche financing facility to support the long-term energy efficiency and renewable energy investment program of the country.
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Flying V plans expansion in ’10
DESPITE FACING A DIFFICULT YEAR IN 2009, Flying V Philippines plans to invest P500 million to build 80 new service stations next year, as it aggressively expands its retail network.
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FMIC leads mutual fund pack with 50% yield in ’09
ALL BUT ONE LOCALLY registered mutual funds yielded positive returns in 2009, with the equity fund of First Metro Investment Corp. (FMIC) posting the highest earnings for the year.
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GSIS earmarks P1.29B for pensioners’ Christmas gift
THE GOVERNMENT SERVICE Insurance System (GSIS) said it had approved the allocation of P1.291 billion for this year’s Christmas cash gift for active pensioners.
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PPA pushes for review of Charter restrictions
THE PHILIPPINE PORTS AUTHORITY (PPA) is pushing for the review of a constitutional provision that prohibits foreigners from gaining control of local shipping lines.
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