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SM, German bank credited for Adopt-a-School Program support

MANILA, Oct. 6 (PNA) -- The author of the highly successful Adopt-a-School Program, Cebu Rep. Eduardo Gullas, has credited SM Prime Holdings Inc. (SMPH) and Deutsche Bank AG for their nearly P10 million in fresh contributions to new projects. [ Read More ]

Malacanang supports calls for GSIS transparency on its U.S. investment

MANILA, Oct. 6 (PNA) -- Malacañang seconded on Sunday the move of some sectors for the Government Service Insurance System (GSIS) to be transparent about its investments in the United States. [ Read More ]

PGMA, SEIPI celebrate RP's electronic industry's success at SEIPI's 10th anniversarry

MANILA, Oct. 6 (PNA) -- President Gloria Macapagal-Arroyo joins Monday the Semi Conductors and Electronic Industries in the Philippines, Inc.(SEIPI) in celebrating the country’s electronics sector’s success at the 10th founding anniversary of the largest and leading organization of electronics companies in the country. [ Read More ]

Inflation rate in Bicol slows down in August

LEGAZPI CITY, Oct. 6 (PNA) -— The inflation rate in Bicol had slowed down from 13.7 percent in July 2008 to 13.4 percent in August 2008. [ Read More ]

Davao City wins franchise tax case versus Smart

DAVAO CITY, Oct. 6 (PNA) -- The city government of Davao represented by Mayor Rodrigo R. Duterte won its case recently against Smart Communications, Incorporated involving the franchise tax the city had imposed on the telecom company. [ Read More ]

Customs exceeds Sept. collection by P739M

MANILA, Oct. 6 (PNA) - The Bureau of Customs (BoC) has recorded a surplus of P739 million after collecting P23.996 billion for the month of September. [ Read More ]

RP wants bigger slice of US$ 6.6 billion Japan wedding market

MANILA, Oct. 6 (PNA) -- The Department of Tourism (DOT) is offering the country’s top beach destinations as alternative wedding destinations to Japanese wedding couples wanting to tie the knot abroad, in order to grab a bigger slice of the estimated US$ 6.6 billion market. [ Read More ]

'08 inflation may have reached its peak - BSP

MANILA, Oct. 6 (PNA) – The Bangko Sentral ng Pilipinas (BSP) on Friday said inflation this year may have reached its peak earlier than expected but BSP Governor Amando Tetangco Jr. pointed out that this would only be confirmed once the September 2008 figure comes out on Tuesday. [ Read More ]

Q2 ’08 FCDU loan up by 40.4% YOY

MANILA, Oct. 6 (PNA) – Loans extended by Foreign Currency Deposit Units (FCDU) of banks in the country jumped by 40.4 percent to US$ 4.6 billion in the second quarter of 2008 against year-ago’s US$ 3.3 billion. [ Read More ]

BSP-MB gives thumbs up to DBP’s loan from WB, JBIC

MANILA, Oct. 6 (PNA) – The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday approved in principle the US$ 40 million supplemental loan of the Development Bank of the Philippines (DBP) from the International Bank for Reconstruction and Development (IBRD), a unit of the World Bank (WB). [ Read More ]

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