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Aboitiz
tops Magat bidding
By Alena Mae S. Flores
The group of Norway’s SN Power and Aboitiz Power Corp.
yesterday topped the bidding for the 360-megawatt hydroelectric
power plant with an offer of $530 million.
BSP
rates stay; ’06 inflation seen at 6.3%
By Eileen A. Mencias
The Bangko Sentral ng Pilipinas yesterday kept its monetary
policy unchanged as it announced an inflation target of 4
percent for 2008.
US
imports more sugar
By Elaine Ruzul S. Ramos
The United States has tapped the Philippines for additional
50,000 metric tons of raw sugar to help stabilize supply following
the onslaught of hurricane Katrina last year.
Trans-Asia
gets license to purchase, sell power
By Alena Mae S. Flores
The Energy Regulatory Commission has approved the application
of listed firm Trans-Asia Oil and Energy Development Corp.
for a certificate of registration as a wholesale aggregator,
allowing the company to engage in buying and selling power
for distribution utilities.
Henry
Sy tops list of 40 richest Pinoys
 There
is nothing really surprising about the listing of the Philippines’
40 richest people by Forbes magazine in its Dec. 25 issue,
which came out in newsstands yesterday. Many already knew
who they are although their annual rankings change a notch
or two, depending on the market value of their possessions
and new additions to their wealth.
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