The Bangko Sentral ng Pilipinas (BSP) projected to hit the lower end of its gross international reserves (GIR) target range of between $14 billion to $15 billion this year, due to the slowdown in the foreign investments inflows during the first semester of the year.
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The total area devoted to the country’s production of hybrid rice seeds is projected to expand to 5,039 hectares this year to 8,000 hectares in two years from 2003’s 2,857 hectares in 2003 as farmers’ enthusiasm has been boosted by the impressive yield and profitability of the technology with which
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The Development Bank of the Philippines (DBP) vowed to continue with its thrust of supporting projects aimed at strengthening the infrastructures for development to perk up economic activities in the countryside.
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The peso closed slightly higher at R56.27 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from R56.285 the previous day. The weighted average rate depreciated to R56.258 from R56.237. Total volume amounted to $82.80 million.
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Benpres Holdings Corp. (BPC), a diversified Philippine group, has agreed to exit its 60 percent-owned unit Maynilad Water Services Inc. and write off $80 million in investments to settle a dispute with the government, the Department of Justice said yesterday.
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In view of the rising cases of fire damage to lives and properties, the public is being cautioned to be more vigilant in their purchase of counterfeit (LPG) liquefied petroleum gas products and in unfair trade practices prevailing in the industry.
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The Philippine Amusement and Gaming Corporation (PAGCOR) board of directors has approved a memorandum of agreement with tech firm PhilWeb Corporation for the operation of Pagcor’s Internet casinos.
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Gokongwei-owned JG Summit Holdings, Inc. will issue R800 million preferred shares at par value of P1 per share in order to raise capital, the company said during its Special Stockholders’ Meeting held yesterday.
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KUALA LUMPUR, Mar. 18 (Reuters) — China and Malaysia, their exchange rates pegged to the sliding dollar, should let their currencies rise as soon as possible to avoid destabilizing their economies, an Asian Development Bank official said on Thursday.
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HANOI, Mar. 18 (Reuters) — Vietnam’s clothing makers are scrambling for quotas to fill a deluge of orders from the United States, even as Washington scrutinizes possible violations of a textile pact that could lead to lower Vietnamese shipments.
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SINGAPORE, Mar. 18 (Reuters) — Chinese state oil trader Zhuhai Zhenrong Corp. said on Thursday it had signed a preliminary deal to import more than 110 million tonnes of liquefied natural gas over 25 years from Iran for $20 billion.
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SYDNEY, Mar. 18 (Reuters)—British entrepreneur Richard Branson, who has built an empire on spotting the next big trend, has teamed with a tiny retailer and former employee to export the humble juice bar from sunny Australia to overcast Britain.
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