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Sun Cellular completes $ 200-M network expansion
Sun Cellular has completed Phase Five of its network expansion program, amounting to $ 200 million, which further widened its coverage area and network capacity to four million subscribers.
Public debt dips to P5.1 T in 2005
The National Government reported a lower public sector debt of P5.1 trillion in 2005, or 93.4 percent of gross domestic product.
US cautions RP to address remaining IPR issues
The United States government has prescribed measures to the Philippines in order to further improve its intellectual property rights (IPR) image as it warned against backsliding into the Priority Watch List, where the country used to be listed for five years before it was lowered to the regular Watch List.
P8-B Mindanao transmission line bucked
The proposed P8.0-billion transmission line uprating project in Mindanao is drawing opposition from local leaders who prefer that new power projects should instead be constructed to where the demand is.
BSP survey finds consumers optimistic
A survey conducted by the Bangko Sentral ng Pilipinas (BSP) said Filipino consumers expect their financial conditions will improve in the coming months due to better economic setting, especially in the third quarter.
Stakeholders air stand on NAMA negotiations
The stakeholders of the various industries concerned with agriculture have submitted a proposal for government negotiators to adopt in the ongoing Non-Agricultural Market Access (NAMA) negotiations in Geneva.
NEWS IN BRIEF
The peso rate closed higher at P53.20 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P53.33 the previous day. The weighted average rate depreciated to P53.319 from P53.309. Total volume amounted to $ 454.95 million.
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