Asian corporates face higher financing costs

MANILA, Philippines - Asian corporates face higher financing costs for expansion plans as the recent financial market turmoil underscored the fast-growing re

View the original article: http://www.philstar.com/business/2013/07/02/960458/asian-corporates-face-higher-financing-costs



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T-bill rates fall

RATES OF Treasury bills (T-bills) fell across the board at yesterday's auction -- the government's first for the third quarter -- on the back of strong demand from investors.

View the original article: http://www.bworldonline.com/content.php?section=Finance&title=T-bill-rates-fall&id=72658



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SDA deposits continue decline

FUNDS PLACED in special deposit accounts (SDA) continued to decline a month before the deadline of the first phase of the central bank's new rules for the facility.

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Peso leads gains in Asia

THE PESO moved sideways yesterday, slightly strengthening as overseas developments continued to work in the local currency's favor, traders said.

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Certification guides to cover all crops

THE GUIDELINES on Good Agricultural Practices (GAP) certification will now extend to all crops for products to meet both local and foreign standards, the Department of Agriculture (DA) said yesterday.

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World Bank finds loan projects slow

THE WORLD Bank is somewhat dissatisfied with the slow implementation of local infrastructure projects and tax administration improvements, whose delays have resulted in low loan take-up.

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BFAR eyes P6.7-B budget

THE BUREAU of Fisheries and Aquatic Resources (BFAR) has proposed a budget of P6.7 billion to fund post-harvest investments and fisherfolk settlements, a top bureau official said at a press briefing yesterday.

View the original article: http://www.bworldonline.com/content.php?section=Economy&title=BFAR-eyes-P6.7-B-budget&id=72702



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Acquisition marks Ayala hospital foray

AYALA LAND, Inc. has moved to invest in a hospital operator, marking its foray in this industry, the main property unit of conglomerate Ayala Corp. said in a statement yesterday.

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PAL, Philcomsat cite gains in bid to raise public float level

PAL Holdings, Inc. and Philcomsat Holdings Corp. have reported progress in efforts to comply with the Philippine Stock Exchange's (PSE) 10% minimum public ownership requirement to remain listed, the companies said in separate disclosures uploaded on the bourse Web site yesterday.

View the original article: http://www.bworldonline.com/content.php?section=Corporate&title=PAL,-Philcomsat-cite-gains-in-bid-to-raise-public-float-level&id=72683



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MGB starts processing permit application of Nickel Asia unit

THE MINES and Geosciences Bureau (MGB) has begun processing the application of a subsidiary of listed Nickel Asia Corp. for a permit for a gold mining project in northern Luzon, according to a notice published in a newspaper yesterday.

View the original article: http://www.bworldonline.com/content.php?section=Corporate&title=MGB-starts-processing-permit-application-of-Nickel-Asia-unit&id=72682



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Index continues climb on bargain hunting

MANILA, Philippines - Bargain hunting propelled the local stock market to its fourth straight gain yesterday, allowing the main index to trek back to the 6,5

View the original article: http://www.philstar.com/business/2013/07/02/960459/index-continues-climb-bargain-hunting



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FATCA Registration and the Responsible Officer’s Big Responsibility under FATCA

Since the passage of the Foreign Account Tax Compliance Act (FATCA) in 2010, rumors have been swirling around financial institutions regarding its implementa

View the original article: http://www.philstar.com/business/2013/07/02/960466/fatca-registration-and-responsible-officers-big-responsibility-under



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Special deposit accounts fall to 5-mo low

MANILA, Philippines - Deposits parked on special deposit accounts (SDA) are on a sustained downtrend, hitting a five-month low as of the first half of June a

View the original article: http://www.philstar.com/business/2013/07/02/960455/special-deposit-accounts-fall-5-mo-low



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Benchmark T-bill rate drops to 0.666%

MANILA, Philippines - Treasury bill (T-bill) yields fell across the board at Monday’s auction, mainly driven by strong market liquidity, strong demand from i

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Mining at a standstill

The performance of the Department of Public Works and Highways with the path-changing leadership of my classmate Babes Singson and the Department’s transform

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Globe taps US-based network provider for Korea service

MANILA, Philippines - Ayala-led Globe Telecom Inc.

View the original article: http://www.philstar.com/business/2013/07/02/960463/globe-taps-us-based-network-provider-korea-service



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Maritime safety affects economic growth

Barely had the monsoon season started in the Philippines, and a maritime disaster had already been chalked.

View the original article: http://www.philstar.com/business/2013/07/02/960465/maritime-safety-affects-economic-growth



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SEC okays PAL bid to issue more shares to comply with minimum public float

MANILA, Philippines - The Securities and Exchange Commission (SEC) has given the parent firm of national flag carrier Philippine Airlines (PAL) the green lig

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SSS selling prime BGC lot

MANILA, Philippines - Amid mounting fears of overheating and asset bubbles, the state-run Social Security System (SSS) is recalibrating its strategy aimed at

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Century Properties expanding portfolio

MANILA, Philippines - Century Properties Group Inc.

View the original article: http://www.philstar.com/business/2013/07/02/960462/century-properties-expanding-portfolio



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