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7 DECEMBER 2012 (FRIDAY)

+1. Banks have started to adjust their lending rates, refecting the BSPs'

hike in key policy rates earlier this year. "Available data on banklending rates indicate that the ! basispoint increase in the overnightreverse repurchase #acility rate on $uly %1, &1 brought about a pass

through o# (!.) to bank lending rates as o# endAugust &1," BSP*eputy +ov. *ia +uinigundo said in an e-ail. /he Philippine Star,page B10

. Socioecono-ic Planning Secretary and 2*A director general ArsenioBalisacan is pitching Philippine in#rastructure and poer projects,particularly those under PPP progra-, to investors in $apan. 3n anecono-ic brie4ng on Philippine in#rastructure and invest-ent plans in

/okyo, Balisacan told $apanese investors that there are hundreds o#in#rastructurerelated projects orth billions o# dollars in need o#private investors. /he Philippine Star, page B110

%. *52 is preparing a syste- o# incentives and penalties to push energy

conservation a-ong consu-ers, one o# the -easures eyed to addressthe loo-ing poer shortage ne6t year. *52 *epart-ent 7ircular&1&(&&1, published in to nespapers yesterday, called onelectricityconsu-ing sectors to i-ple-ent de-andside -anage-entprogra-s and energy conservation -easures. Business8orld, page10

. 9ast -onth's infation slodon should be enough to halt -onetarypolicy tightening #or the ti-e being, :inance ;sec +il Beltran saidyesterday, even in the #ace o# e6pectations that 4scal policy shouldtake a bigger role in spurring groth a-id currently hakish -onetarystance. Business8orld, page 10

!. /he operations o# the

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close to I!&,&&& #or the installation o# the epassport gates.