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Global semiconductor sales hit record $ 248 billion in 2006
SAN JOSE, California (AP) — Global semiconductor sales reached a record $ 248 billion last year, driven largely by favorable economic conditions and rising demand for consumer electronics such as high-definition TVs, digital music players and cell phones, an industry group said.
Chemrez puts P691 M in CME logistics
Biodiesel supplier Chemrez Technologies, Inc. will allocate P691 million to bankroll projects to set in place the much-needed requirements for the commercial kick-off this year of the biodiesel mandate.
Swedish agency provides P35-M aid
The Swedish International Development Cooperation Agency (SIDA) will provide P35 million in humanitarian aid to the Philippines on top of the P55 million in donations for the victims of the recent typhoons that hit country last year.
Biggest China bank offers ODA to RP
China Development Bank, China’s largest bank which is even bigger than China Export-Import Bank, has expressed an interest to extend official development assistance (ODA) funds to the Philippines.
PSALM plans to repower Sucat facility
The Power Sector Assets and Liabilities Management Corporation (PSALM) will be reviving plans to repower the mothballed 850-megawatt Sucat thermal plant and align this as a component of the facility’s divestment plan.
P/$ rate closed at P48.305 to $ 1
The peso rate closed at P48.305 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P48.308.
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