Leaders of the tuna industry have committed to achieve global competitiveness and aim to become the world’s number one tuna producer by 2020.
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The country’s outstanding external debt stood at $56.3 billion as of end-June, $400 million or 0.7 percent higher from year-ago level of $55.9 billion, according to the Bangko Sentral ng Pilipinas which approves and registers government debt.
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The Association of Petrochemical Manufacturers of the Philippines (APMP) has sought for the retention of tariff protection on petrochemical products up to 2010 saying the tariff shield is crucial for an industry which is on the verge of its full integration.
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The Bangko Sentral ng Pilipinas (BSP) maintains that the current differential between the country’s 91-day Treasury bill rate and the US 90-day T-bill rate of 400 basis points is still “comfortable.”
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The peso closed at P56.38 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P56.379.
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Fil-Estate Corporation expects a steady increase in profits driven by revenues coming from its participation in the Metro Rail Transit Corp. (MRTC).
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The National Agricultural and Fishery Council (NAFC) sold R203.67 million worth of fertilizer from a ¥400-million grant by the Japanese’s 27th tranche of the Increased Food Production Program.
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Investors are likely to continue buying selected blue chips given the expectations of strong earnings for the third quarter of the year.
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It is good to know that the first ones to see the handwriting on the wall are those in the government service. One by one, heads of state-owned corporations as well as agencies are resigning or offering to resign.
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Philippines is known by many in its handicraft and antique exhibits among Asian countries even in the world market. Going back to those days, its oriental splendor had uplifted the traditional artistry of Filipinos. But now because of the emergence of computer technology, the handicrafts and antique
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The benchmark 91-day treasury bill yield declined after rising for three consecutive auctions, as demand for the paper improved at an auction yesterday.
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The Chamber of Real Estate and Builders’ Associations (CREBA) is looking at the $3.2 billion potential foreign revenues from overseas Filipino workers (OFW), who are on the lookout for good property investments.
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The government has been scouring for private investors that would pour in immediate capital to priority power projects in the Cebu area so that supply shortfall can be avoided.
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The peso closed lower at R56.450 to the U.S. at the Philippine Dealing System of the Bankers Association of the Philippines from R56.38 last Friday. The weighted average rate depreciated to R56.422 to the dollar. Total volume amounted to $155.5 million.
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