Targetted investors will need to fork out huge investment of $3.0 billion to link the Malampaya natural gas field of the Philippines to that of other Asean countries whose oil and gas infrastructure have already been interconnected.
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More than 21,000 pensioners’ accounts in various banks have been dormant for at least a year and it is not known whether the owners are still alive.
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Trade and Industry Secretary Juan B. Santos has assured the automotive industry the government is ready to implement measures to buttress the viability and competitiveness of the sector both in the domestic and international markets.
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The Philippines is now in the forefront of using biotechnology as an alternative means to ensure food security and alleviate poverty, and women are playing a bigger role in its propagation.
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The Asian Development Bank plans to issue Philippine peso bonds later this quarter, a senior bank official said Friday, becoming the first multilateral institution to issue local currency bonds in the country.
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The peso rate closed at P54.76 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P54.902.
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