Peso hits new 7-year high of 44.15 to $1
by Doris Dumlao
MANILA, Philippines--THE PESO on Wednesday shot up to a new seven-year high of 44.15 from Tuesday's 44.31 to the US dollar on bullish stock market activity across the region, currency traders said.
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Call center plans to raise P4B from stock offering
by Elizabeth Sanchez-Lacson
MANILA, Philippines--CONTACT center firm Eperformax International Inc. said it plans to raise up to P4 billion from a planned initial public offering of 223 million common shares by the first quarter of 2008 for its expansion and debt repayment, the company said in a statement.
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iRemit IPO oversubscribed
MANILA, Philippines--I-REMIT INC. (IREMIT), THE country's biggest Filipino-owned, non-bank remittance company, proved to be a hot item among brokers and institutional investors after generating hefty demand.
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Maynilad seeks early exit from rehabilitation
by Amy R. Remo
MANILA, Philippines--MAYNILAD Water Services Inc. is seeking for an early decision on its petition to exit from rehabilitation, and enable the concessionaire to go full blast with its P26-billion capital expenditure program for the next five years.
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S&P;: RP credit upgrade hinges on tax measures
by Doris Dumlao
MANILA, Philippines--CREDIT WATCHDOG STANDARD & Poor's said Wednesday that an upgrade of the Philippine government's credit outlook to "positive" would hinge on whether new measures to boost revenue would be passed in Congress.
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Ecozone investments surge
by Daxim Lucas
MANILA, Philippines--THE PHILIPPINE Economic Zone Authority has reported a sharp increase in the amount of investments registered with the agency, breaching its 2007 target as of the first nine months of the year.
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