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Home Guaranty mulls P7-B bonds for debt refinancing
State-owned Home Guaranty Corp., (HGC), plans to tap the local debt market as early as February with a seven-year zero-coupon bond that it expects will raise around P7 billion for debt refinancing.
Truckers denounce maze of rules that seriously affect their operations
Eight truckers organization have urged the national government to intervene and rectify the maze of different ordinances and regulations in operation of cargo trucks that the local government units are now implementing, a move to make them free and unmolested access to their point of destination.
Book publishers told to secure permission from copyright owners
The Intellectual Property Office (IPO) has advised book publishers and sellers they can no longer reprint books without the permission of their copyright owners.
RP joins trade fairs in Italy, Germany
The Philippines will join over 37 other countries in promoting design-driven holiday décor and fine jewelry products in trade fairs in Italy and Germany.
GM corn use up 40% at 70,000 hectares
Adoption of the genetically modified (GM) Asiatic corn borer-resistant Bacillus thuringiensis (Bt) corn sustained its growth in 2005 reaching to an area of 70,000 hectares, a 40 percent increase from 52,000 hectares the previous year.
BSP pushes for SPV Law extension
Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. is hoping lawmakers will finally clear the bill extending the Special Purpose Vehicle law next month.
NEWS IN BRIEF
The peso rate closed at P52.395 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P52.440.
SALES Talk
With the yearend remittances of overseas Filipino workers (OFWs) reaching an estimated all-time record of at least US billion, third biggest in the world (after Mexico and India), the peso rate, calculated as the strongest in Asia and fifth in the world at the end of 2005, is now settling down and slowly weaning to previous levels.
Guidelines on entry of power providers in unviable areas readied
The Energy Regulatory Commission (ERC) is out to lay down guidelines that will detail out the manner of regulation and grant of permits or licenses to socalled qualified third parties (QTP) to serve as electric providers in identified unviable areas.
Immigration Solutions
As we have addressed previously, the immigration consequences to criminal convictions can be harsh and complex, ranging from delays to naturalizing as a US citizen to triggering removal (deportation) proceedings. In spite of the current political climate, an alien who has been convicted of a crime that affects their immigration status in the United States still has hope in mitigating the immigration ramifications of their conviction. The Board of Immigration Appeals (BIA) recently held in a published decision that reductions in criminal sentences nunc pro tunc should be recognized for immigration purposes. This is an important legal ruling that can help immigrants with certain criminal convictions obtain immigration benefits or avoid deportation.
BPO increased productivity in US
Service offshoring, otherwise known as business process outsourcing (BPO), has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth last year.
Auto sales post record in Thailand
BANGKOK, Jan. 14, 2006 (AFP) — Vehicle sales in Thailand last year rose 12.4 percent to a record 703,432, beating expectations despite high oil prices and the end of fuel subsidies, the industry said.
PLDT, Smart push P10 per call promo with NTC nod
The Philippine Long Distance Telephone Company (PLDT) and Smart Communications Inc. are pushing on with their R10 per call rate with the nod of telecommunications regulators.
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