Aside from the price rollback of P1.00 per kilogram in liquefied petroleum gas (LPG) implemented by oil companies and retailers between Nov. 30 and Dec. 1, consumers are likely to get further price reductions price cuts during this Christmas season.
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South Korea agreed to grant the Philippines a two-year flexibility in its tariff- reduction compliance. The country is joining the rest of ASEAN in signing a regional free trade agreement with South Korea during the ASEAN Leaders’ Summit in Kuala Lumpur next week.
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The Regional Trial Court of Makati has approved the petition for rehabilitation of Pacific Plans, Inc. (PPI). PPI is the first pre-need firm to seek for rehab this year. Its rehab petition is the second to be approved by the Court following Platinum Plans Inc. of the Salas family.
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President Gloria Macapagal Arroyo yesterday lauded a private donation of $1.25-million worth of anti-bird flu medicines to help the country prepare for any serious threat of a bird flu pandemic.
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The eleventh month foreign portfolio investments, which refer to funds coming into the country in the form of investment in stocks, bonds, and money market instruments on short-term basis, reached $2.108.6 billion, five times higher than the $425.5 million reported last year.
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The peso rate closed lower at P54.22 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.15 the previous day. The weighted average rate depreciated to P54.198 from P54.036. Total volume amounted to $421 million.
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