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Article: NEWS IN BRIEF.(Business)
- Article from:
- Manila Bulletin
- Article date:
- December 8, 2005
CopyrightCOPYRIGHT 2005 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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P/$ rate closes at P53.985 to $1
The peso rate closed lower at P53.985 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.95 the previous day. The weighted average rate appreciated to P53.925 from P53.973. Total volume amounted to $576 million.
PLDT to sign Singapore deal
SINGAPORE (XFN-Asia) a" MobileOne Ltd, Singaporeas third-largest phone firm, said it will sign on Friday an agreement with Philippine Long Distance Telephone Co. (PLDT) for a tie-up in mobile service. PLDT is the Philippinesa dominant phone company and is a quarter-owned by Hong Kongas First Pacific Co. Ltd. A ...