The Philippines is set to ship out 10,000 to 12,000 metric tons (MT) of sugar to Japan before the end of this month, bringing to about 52,000 MT its sugar export to the world market for the crop year 2003-2004.
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Investments registered with the Board of Investments in the first quarter this year soared to P108.04 billion or 1,334 percent higher as against the P7.53 billion in the same period last year largely due to the registration of a single power project.
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The peso appreciated back to the R55 level, closing at an 11/week high of R55.80 against the US dollar in yesterday’s heavy volume of trades and if election results are “acceptable” to the public and businesses, the local currency could recover back to R54.
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Despite softening of prices in the world market, the local oil companies are again hinting of possible new round of pump price increases over the weekend, to the tune of P0.60 to P0.70 per liter for gasoline and P0.40 per liter for diesel.
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The peso closed at an 11-week high of P55.80 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P56.13 the previous day. The weighted average rate appreciated to P55.896 from P56.184. Total volume amounted to $257.5 million.
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The government is seriously mulling over the possibility of tapping supplier credit as a financing scheme for the rehabilitation of some decommissioned power plants, in case there is stringent need to re-activate such facilities to meet demand.
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HONG KONG, April 13 (Reuters) — Spreads on Philippine sovereign dollar bonds tightened on Tuesday after an opinion poll showed President Gloria Macapagal Arroyo had taken a lead over her opponents ahead of May 10 elections.
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Hong kong and Shanghai Banking Corp. Ltd. (HSBC) is expanding its domestic consumer base of 400,000 by 15 percent or 60,000 more every year to sustain the bank’s long–term plan of "growing organically," according to an official.
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Isuzu Philippines Corporation announced yesterday the appointment of Yoshifumi Komura as its new president who will be arriving in the country middle of April.
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Ford Group Philippines announced yesterday the recent appointment of Met Arias as vice president of the Ford Customer Service Division (FCSD) of Ford Thailand.
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To bring about a higher standard of living comparable to that attained by Asian countries that have overtaken the Philippines, the economic program for the next six years must do what the more advanced economies in the region have already done:
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TAYABAS, Quezon -- Rep. Rafael P. Nantes, 13 mayors, and 308 barangay captains of the first district of this province thanked President Gloria Macapagal Arroyo yesterday for approving P100-million funds to realize the decade-long construction of the Infanta-Marikina Road.
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Senatorial bets Boots Anson-Roa and Amina Rasul of the Koalisyon ng Nagkakaisang Pilipino (KNP) said they will file a motion for reconsideration with the Supreme Court against President Gloria Macapagal Arroyo, stressing that the high tribunal must proclaim the President "on leave" to stop her from
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GlaxoSmithKline (GSK), the leading multinational pharmaceutical firm, ran off with the 2004 Anvil Award of Excellence for Health Advocacy and the Anvil Award of Excellence for Community Relations during the 39th national Anvil Awards competition.
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The Manila Revenue Region No. 6 of the Bureau of Internal Revenue (BIR) under Regional Director Teodorica R. Arciga and Asst. Director Zenaida G. Garcia has intensified its campaign for the "Centennial Taxpayers Recognition Program (CTRP).’’
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An international syndicate reportedly involved in the smuggling of R3.4-billion worth of pseudoephedrine, an ingredient in making shabu, has been tracked down from China to Manila and Cebu.
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The father of an elementary school graduate filed a complaint with the Department of Education against the San Beda College elementary department administration allegedly for downgrading the boy from salutatorian to first honorable mention.
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President Gloria Macapagal Arroyo would not sabotage the future of the country by allegedly plotting to cheat her way in the May 10 presidential elections, Malacañang said yesterday.
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Opposition presidential candidate Sen. Panfilo Lacson yesterday belittled showbiz style campaigning of candidates running for the Senate, saying that senatorial bets should pattern their campaigns after those used by "marginalized" bets like Nueva Vizcaya Rep. Carlos Padilla, the only senatorial can
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The Sandiganbayan Special Division ordered the defense panel this week to allow the physician of former President Joseph "Erap" Estrada to explain before the court matters concerning the former leader’s weekly physical therapy, which is a proposed alternative to his aborted knee surgery abroad.
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BALANGA, Bataan – A total of 14,321 poor Bataenos were given financial and medical assistance amounting to millions of pesos by outgoing Rep. Enrique "Tet" Garcia and his son, Mayor Abet S. Garcia, it was learned yesterday.
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Navy frogmen rescued five persons from a capsized banca in San Fernando City, La Union yesterday morning while joint elements of the Marines and Navy confiscated forest products in Palawan late last week, a report said yesterday.
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