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SSS’ net revenue hits P7.5 billion in 10 months
The Social Security System (SSS) has reported a net revenue of P7.5 billion for the first 10 months of the year, showing a P2.4 billion increase from the P5.05 billion it earned during the same period in 2005, a senior official said yesterday.
Varela ECoP Chair; Ortiz-Luis President
The Employers Confederation of the Philippines (ECoP) this week announced the election of its new set of officers for the year 2007 led by Atty. Miguel B. Varela as chairman and Sergio R. Ortiz-Luis, Jr. as president. Ortiz-Luis has also been reelected President of the Philippine Exporters Confederation, Inc. (PHILEXPORT).
Lopez group mobilizes aid for Bicol
The Lopez Group of Companies heeded the call of its chairman to extend the Kapamilya sharing and caring spirit to victims of super typhoon Reming which devastated Bicol and other southern provinces.
ECoP warns on wage hike impact
Employers yesterday warned of the ensuing adverse economic impact once the P125 across-the-board wage adjustment is passed into law stressing it has no economic sense and would further drag down the country’s competitiveness level.
Peso closes strongest in nearly 5 years
The peso rose to a new high of R49.28 to a dollar, the highest level in nearly five years as demand for the green "slowed down" on the back of a four-day long Christmas holiday break.
P/$ rate closes at P49.28 to $ 1
The peso rate closed higher at P49.28 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P49.305 the previous day. The weighted average rate appreciated to P49.328 from P49.392. Total volume amounted to $ 245.9 million.
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