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UAE nat’l airline Etihad Airways to fly to Manila
Etihad Airways, the national airline of the United Arab Emirates, will inaugurate a new route to Manila.
Philam Fund now investment company
The Securities and Exchange Commission (SEC) has approved the application of Philam Managed Income Fund, Inc. to operate as open-end investment company with an authorized capital stock of R1 billion.
DoE sets talks with IMF on power investors’ supply contract concerns
The Department of Energy (DoE) has been in talks with the International Monetary Fund (IMF) on concerns of power investors over transition supply contracts (TSCs) that shall be attached to the generation assets of National Power Corporation (NPC) due for privatization.
Citibank offers cheap remittance service
Cashing in on the multi-billion dollar remittance business, Citibank N.A. has opened a new service that would allow US-based Filipinos to send money to the Philippines electronically, competing directly with domestic banks and other remittance centers in the United States.
Cam. Sur sets P450 M for hybrid rice plan
Bicol Region’s rice granary Cama-rines Sur is embarking on some P450 million investment on a 15,000-hectare hybrid rice expansion in a vision to pump up the country’s rice sufficiency and even perhaps a not-so-impossible rice export status.
Smart, Globe won’t pass on 2% EVAT hike
The country’s cellular phone duopoly, Smart Communications Inc. and Globe Telecommunications Inc. will not pass on the additional 2 percent Expanded Value-Added Tax (EVAT) to their subscribers, the chief executives of both companies said yesterday.
NEWS IN BRIEF
The peso rate closed lower at P51.765 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.65 the previous day. The weighted average rate depreciated to P51.759 from P51.673. Total volume amounted to 5.5 million.
CAMPUS BEAT
CHRISTIAN LAWYERS TAKE IT FROM THE PRO. Ateneo de Manila Law School (ALS) dean emeritus Fr. Joaquin Bernas, S.J., delivers his keynote speech during the recently concluded Ateneo Human Rights Center (AHRC) Internship Congress at the Eugenio Lopez Center. Anchored on the principle, ‘Learn the Law, Serve The People,’ AHRC has been serving the Filipino people for 18 years now. The first ever assembly gathered all those who have undergone the internship program since it was founded some years ago. Giving service to the underpriveleged through Christian leadership is now being replicated among law school all over the country to harness and form law students in responding to the legal needs of marginalized groups and improving their access to justice.
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