Miscellaneous

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...
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MANILA – Even with the decline in advertising minutes, airtime revenues of media giant ABS-CBN Broadcasting Corp. continued to rise for the first 6 months of 2009. According to ABS-CBN Chief Research and Business Analysis Officer Vivian Tin, the company’s ad spots, although less, provide more value to their clients.
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Despite hard times, a group of Filipino franchisers still see growth for the year, hoping to improve their sales by a fifth this year. Rommel Juan, president of the Association of the Filipino Franchisers Inc., said they see a 20-percent increase from the group’s sales of P13 billion in 2008.
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Taxes imposed on liquor, tobacco, and petroleum products slightly breached government targets for the first six months this year, the Department of Finance (DOF) said on Thursday. The government was able to collect P29.448 billion in excise taxes, almost five per cent higher than revenue targets of P28.088 billion during the period.
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MANILA – While the implementation of the new rule extending phone load expiry will push through on July 19, the calculation of the new expiry date based on the sum of old and new phone credits will be pushed back, an official said Tuesday night. "They (telecom companies) requested for extension because of some...
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