The government is adopting a standard for organic rice which will boost export of the chemical freegrown rice that the Philippines has already exported to Switzerland and may prospectively ship to Japan.
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SINGAPORE (Dow Jones)—The Bangko Sentral ng Pilipinas won’t raise interest rates unless inflation, now centered on rising energy costs, emerges in the demand side of the economy, a senior central bank official said.
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The Philippine government’s international road show this month has generated the interests of at least 150 investors in Asia, the first leg of the non-deal road show, the fourth since 2001.
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The World Bank has cited the Philippines as one of the six East Asian countries that had reformed its regulation or strengthened the protection of intellectual property rights last year.
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The peso closed at P56.38 to the US dollar last Friday at the Philippine Dealing System of the Banker’s Association of the Philippines. The weighted average rate stands at P56.379.
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