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Doha Round of trade talks to open markets for exporters
The Doha Round with its reduction of trade barriers in both developed and developing countries would bring more market opportunities to Philippine exporters and producers.
EDC to conduct inspections in 5 regions with big industry clusters
The Export Development Council (EDC) will conduct inspections in five regions in the country that have reported highly-developed clustered industries beginning next month to assess progress on industry clustering.
NPC refund of up to P2.39/kWh
State-run National Power Corporation (NPC) owes the Filipino consumers a refund of up to P2.39 per kilowatt hour (kWh) if it has to reflect the foreign exchange (forex) gains amounting to P79 billion it generated in year 2005 alone.
May elections seen not adversely affecting economic momentum
The business community said that the crucial May elections this year would not adversely impact on the economic momentum that the country is experiencing now.
WESM gets set for reserve contracting
The Philippine Electricity Market Corporation (PEMC) is seeking the imprimatur of the Energy Regulatory Commission (ERC) on its intent to contract for market reserve as part of the volume to be offered at the Wholesale Electricity Spot Market.
Alliance Global plans stock offer to finance expansion
MANILA (XFN-ASIA) - Conglomerate Alliance Global Group Inc said its board of directors has approved a plan to offer unissued common shares by way of a follow-on offering to the public to raise funds for its expansion.
ICTSI unit eyes new terminal project in Subic
MANILA (XFN-ASIA) - International Container Terminal Services Inc (ICTSI) said unit Subic Bay International Terminal Corp (SBITC) proposes to operate container-handling operations at a new terminal being built in the Subic freeport zone north of Manila.
Shares slip on losses in SM Investments, PLDT
MANILA (AP) - Philippine shares slid Monday as investors cashed in on gains in SM Investments Co. and Philippine Long Distance Telephone Co., which lifted the market last week.
P/$ rate at P48.155/$ 1
The peso rate closed at P48.155 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P48.212.
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