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Villar statistically tied with Noynoy in new SWS survey

Senators Benigno Simeon "Noynoy" Aquino III and Manuel Villar Jr. continued to engage in a neck and neck race for the country’s top post, and were statistically tied two months before the May 10 elections, the latest Social Weather Stations (SWS) survey showed. The SWS poll, commissioned by BusinessWorld, showed that while Aquino remained the top pick among presidential aspirants, Villar appeared to be catching up.   It noted that while both Aquino and Villar had lost ground, ...

Partial failure of elections can make Speaker Arroyo acting president

Whistleblower Rodolfo “Jun” Lozada on Tuesday reiterated warnings of a partial failure of elections that could allow President Arroyo to extend her term in Malaca ñang. This can happen in a scenario where the local elections are successful, but the poll machines fail to transmit the results for the national seats, Lozada told Newsbreak on the sidelines of the La Liga Policy institute forum on the credibility of the automated elections.   In the said scenario, only the district congressm...

Lucio Tan-led real estate firm lines up 8 new projects

MANILA, Philippines - Lucio Tan-led Eton Properties Philippines Inc. has lined up 8 new projects this year to take advantage of the sustained strong demand in the market. In an interview with reporters, Eton president Danilo Ignacio said 4 new residential projects will be unveiled this year, along with 3 commercial projects and one office development.   Ignacio declined to disclose the overall construction cost. The residential projects are the 40-storey Eton Tower Makati at the corner...

Peso continues to strengthen vs dollar

MANILA, Philippines - The peso continued to strengthen against the dollar yesterday due to improved investor sentiment arising from the improving jobs report in the US. Analysts said investors had their first chance to react to Friday’s US Labor Department report showing the unemployment rate holding steady at 9.7 percent in February despite adverse winter conditions.   The peso appreciated to 45.74 to $1 before closing at 45.76 to $1 or six centavos stronger than the closing of 45.82 t...

Arroyo bares new round of Cabinet shuffle before polls

President Gloria Macapagal-Arroyo on Monday announced a new Cabinet reshuffle affecting two departments, two months before the May 10 elections. Education Secretary Jesli Lapus will be heading the Department of Trade and Industry (DTI), while Trade Secretary Peter Favila will become a member of the central bank’s Monetary Board (MB), Mrs. Arroyo said in her speech during the celebration of International Women’s Day at the World Trade Center in Pasay City. Lapus will be replaced by Pres...