While the private sector representatives in the Consultative Commission (ConCom) have pushed for the lifting of foreign ownership restrictions on land ownership and public utilities, they batted that such investments must be time-bounded.
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Inco Ltd. (IL) of Canada, one of the world’s largest nickel producers, is projecting a 50,000-tonne annual nickel shortage arising from China’s huge nickel demand that is prompting the search for more nickel finds.
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The Bangko Sentral ng Pilipinas said the thrift banking sector’s total loan portfolio as of July this year reached P190.6 billion, 18.75 percent higher compared to last year’s P160.26 billion.
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The government, with the Power Sector Assets and Liabilities Management Corporation (PSALM) in the lead, is already very close to winding up its renegotiation with the independent power producers (IPPs) with one last contract about to pass the rigorous scrutiny.
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The government estimates that shrimp production in the Philippines will triple by next year once the study on Peneus vannamei (P. vannamei), also known as Pacific White shrimp, becomes successful.
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The Asean Federation of Mining Associations (AFMA) should work hard to gain public acceptance and government support as well as demonstrate that it is capable of environmental care.
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