| |
|
|
 |
 |
|
Implementing rules readied for Electronic Commerce Act
The government is set to issue implementing rules and regulations that will govern electronic trade of goods and services under Republic Act 8792, the Electronic Commerce Act of 2000, which regulates and supervises the development of e-commerce in the country.
Australia boosts aid to RP to A$ 100 M
The Australian government announced a significant increase in its official development assistance (ODA), all in the form of grant aid, to the Philippines to P3.96 billion (A$ 100.6 million) for fiscal year 2007-2008 compared to P2.7 billion (A$ 70 million) for 2006-2007.
CDM registration sought for Ikalahan Indigenous Group’s reforestation project
The World Agro-forestry Centre (WAC) is aiding the registration of a forestry project of the Ikalahan indigenous group (IP) in Nueva Vizcaya with the Kyoto Protocol’s Clean Development Mechanism (CDM) as the project has vast environmental carbon sequestration benefits.
NPC awards P798-M lube fuel contract
State-run National Power Corporation (NPC) awarded last April 25 this year P798-million worth of contracts for the supply of engine lubricating oil for its power facilities from 2007 to 2009.
WB deliberates on fate of Wolfowitz
WASHINGTON, May 16 (AFP) — World Bank executive directors said late Tuesday they would continue deliberations about the fate of the embattled bank president, Paul Wolfowitz.
Eastwood Cyberpark exports to hit $ 1 B
Top accounting and business advisory firm Punongbayan & Araullo (P&A) expects the pioneering Eastwood City Cyberpark to post $ 1 billion in export revenues by 2010.
Gov’t to fast-track projects
After the success of the congressional and local elections, the government would accelerate major undertakings for economic expansion, job creation, price stability, and peace and order.
Sandiganbayan issues ruling on ownership of 72.2% UCPB block
The Sandiganbayan First Division has rejected an attempt of businessman Eduardo "Danding" Cojuangco to recover his shares in the United Coconut Planters Bank (UCPB) that were found to have been illegally acquired with coconut levy funds, and therefore owned by the government.
IPP contracts privatization advisors under evaluation
The Department of Energy (DoE) is currently evaluating the shortlist of prospective advisors which will package the privatization of National Power Corporation’s (NPC) contracts with independent power producers.
Business Options
Last Sunday, May 13, 2007, was Mother’s Day. It was supposed to be a happy occasion for all mothers worldwide, as it was their special day of honor this once during the year. But I wonder, how many mothers in the Philippines were not that happy last Sunday because their family was not complete? Because some, if not all, of their children were oceans away finding their luck elsewhere in the world?
BoP has $ 1.7-B surplus in 4 months
The country posted a balance of payments surplus of $ 282 million in April, padding up the four-month surplus to $ 1.7 billion, surpassing the Bangko Sentral ng Pilipinas forecast of $ 1.6 billion.
Poultry industry to boost exports
The Philippine Association of Broiler Integrators is aiming to export about 5,000 to 10,000 metric tons of poultry products, mainly to Japan, from only 1,000 MT last year. Prior to the July 2005 export ban, the private sector already targetted a 10,000 MT poultry export in that year.
Cebu Pacific flies 20 millionth passenger
Cebu Pacific (CEB), the Philippines’ leading domestic carrier and low-fare leader, carried its 20 millionth passenger in April 2007.
P/$ rate closes at P46.935/$ 1
The peso exchange rate closed higher at P46.935 to the US dollar yesterday at the Philippine Dealing Exchange from P47.06 the previous day. The weighted average rate appreciated to P46.957 from P47.012. Total volume amounted to $ 616 million.
|
|
|
 |
|
