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Oil companies cut LPG prices further by P0.50/kg
The country’s oil companies have further cut down by P0.50 per kilogram the price of their liquefied petroleum gas (LPG) starting 12:01 am of Saturday.
PCCI airs mixed reaction on peso rise
The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, yesterday expressed mixed reactions on the rapid appreciation of the peso in the last two and a half months during which the local currency has substantially increased by 8 percent.
Israeli-RP firm seek telco tie-ups
Fibercity Inc., a joint venture between Israeli and Filipino groups providing optical telecommunication services, is tying up with provincial telecom carriers as it eyes over 50 percent increase in sales this year with the introduction of its own 3.5G services to provincial users.
Albay firm expands abaca pulp mill
Abaca exporter Albay Agro-Industry Development Corp. (AADC) is expanding its pulp mill to meet a growing export market in Japan.
Third party auctioneer tapped for NPC plants
At least three firms are offering their services to the Power Sector Assets and Liabilities Management Corporation (PSALM) to become the third party auctioneer (TPA) for the decommissioned or retired power plants of the National Power Corporation.
NEWS IN BRIEF
The peso rate closed higher at P51.30 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.40 the previous day. The weighted average rate appreciated to P51.408 from P51.484. Total volume amounted to 9 million.
Renewed confidence to sustain rebound of housing sector
The housing sector is expected to continue its robust performance this year after record-breaking performances in housing finance and shelter security provision, plus a high level of confidence from banks and private builders made 2005 a banner year for the industry.
Export growth slows in January
The country’s exports in January slipped 0.7 percent year-on-year to $ 3.26 billion due largely to lower shipments of electronics, the country’s main export product, the government said yesterday.
Export Action Line
I have always been fascinated by stories of men and women who have succeeded in business as entrepreneurs. For the past 16 years or so that this column has been appearing in this newspaper, I have been sharing with my readers now and then stories about how successful Filipino entrepreneurs started their businesses. It is amazing how these Pinoy entrepreneurs have hurdled the flops and setbacks that they encountered on their way up.
Korea-ASEAN free trade talks hit a snag
SEOUL, Mar.10 (AFP) — Free trade talks between South Korea and 10-member ASEAN have hit a snag over tariffs for sensitive items such as food and automobiles, officials here said Friday.
102 more join billionaire's club
NEW YORK (AP) — As emerging stock markets surged during the past year, 102 wealthy people around the world won a much-coveted title along with their stellar gains — they all became billionaires. But tepid returns in the United States ate into the fortunes of some of the richest Americans, including the founding family of Wal-Mart Stores Inc.
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