| |
|
|
 |
 |
|
NEDA puts 2006 GDP growth target at 5.7-6.3%
The government expects the country’s gross domestic product (GDP) to grow between 5.7 to 6.3 percent this year with agriculture growing at 4 percent, industry at 5.1 percent and services at 6.7 percent.
ADB lauds RP energy policies
The Philippine government’s decision not to cave in to demands for an oil subsidy to cushion it from high oil prices, and its promotion of alternative energy sources, have put the country on the right track, a senior Asian Development Bank official said.
HGC names 5 bond underwriters
A consortium of five banks/financial institutions led by Philippine Commercial Capital Inc. (PCCI) has been engaged by Home Guaranty Corporation (HGC) to underwrite its seven-year zero coupon bond float with a face value of P12 billion slated this first quarter.
USFDA sets new labelling rules
Food products that were not packaged and labeled according to the new requirements of the United States can still be exported provided they use stickers that disclose the trans fat and allergen contents.
TransCo, TESDA to license linemen
The National Transmission Corporation (TransCo) and Technical Education and Skills Development Authority (TESDA) have formalized a partnership on sharing resources on certification of linemen for future service requirements of the spinoff transmission firm.
World oil prices fall to .55/bbl
LONDON, Feb. 11, 2006 (AFP) — World oil prices eased on Friday with analysts in London citing weaker gasoline futures as a reason for the fall.
NEWS IN BRIEF
The peso rate closed at P51.48 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P51.499.
SALES Talk
With its enhanced voluntary assessment program (EVAP), which was launched only late last year, raking in revenues exceeding expectations, the Bureau of Internal Revenue (BIR) is optimistic that it would be able to detect tax dodging corporation during its new tax mapping operations called benchmarking.
Gov’t backtracks on San Pascual supply deal offer
Government-run agencies, primarily the Department of Energy (DoE) and Power Sector Assets and Liabilities Management Corporation, are likely to backtrack on previously-hinted plans to offer the power purchase agreement (PPA) for the shelved 300-megawatt San Pascual power project to investors putting up new capacity.
DBP extends P1.25-B loan to Cebu water firm
CEBU CITY — State-owned Development Bank of the Philippines (DBP) has granted a R1.25-billion term loan to the Metropolitan Cebu Water District (MCWD), and partnered with the Cebu State College of Science and Technology System (CSCSTS) for its Sustainable Partnership for Entrepreneurship Development (SPEED) program, as part of efforts to assist in the sustainable growth of Cebu Province.
Filipinos’ knowledge on liberal arts is RP’s outsourcing edge
Filipino graduates’ knowledge on liberal arts, or studies that provide general knowledge and intellectual skills, rather than more specialized occupational skills, gives the Philippines an advantage over other offshore destinations like India which are well-known for their technical skills.
Energy firms urged to follow First Gen’s lead on IPO
Energy companies are being urged to follow the lead of First Gen Corporation in its successful bid for an initial public offering (IPO) at the Philippine Stock Exchange (PSE) last Friday.
Feed millers seek lower-duty corn imports under MAV
The feeds sector may request for additional corn importation on top of a 200,000 metric tons (MT) lower-dutied minimum access volume (MAV) program as the local corn was plagued by flood that is constricting supply.
Coyiuto reelected PLIA president, bares industry priority program
Peter G. Coyiuto, President and CEO of First Guarantee Life Assurance Co., Inc. (First Life), was recently elected for the second time as president of the Philippine Life Insurance Association (PLIA), the umbrella organization of 35 life insurance companies in the country.
Immigration Solutions
With Valentines Day coming around the corner, many happy couples will soon be getting engaged. Along with planning the wedding, US citizens engaged to a foreign national may also need to consider the process of bringing their significant other to the United States for marriage. This article will cover the requirements and procedures for the "K-1" fiancé/fiancée visa.
Dubai Ports with .8 B outbids PSA for P&O
LONDON/SINGAPORE, Feb. 11 (Reuters) — Singapore port operator PSA International withdrew from the .8 billion takeover battle for British ports group P&O on Friday, leaving the field to rival suitor Dubai Ports World’s higher offer.
|
|
|
 |
|
