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EO on air liberalization in Clark far from implemented
The government is far from finalizing its controversial air liberalization policy, Executive Order 500-B, which gives unlimited 3rd, 4th, 5th and 7th freedom rights to foreign airlines flying in and out of Diosdado Macapagal International Airport (DMIA), Clark, Pampanga.
PNOC biofuel subsidiary plans IPO
PNOC-Alternative Fuels Corporation (PNOC-AFC), the biofuel unit of Philippine National Oil Company, is planning to undertake an initial public offering next year or in 2009 so it can have its own cash and no longer rely on its parent for funding of biofuels projects. PNOC-AFC is headed by president Peter Abaya.
PCA seeks P3.5 B for coco farms rehab
The Philippine Coconut Authority (PCA) is seeking funding assistance from the National Biofuel Board (NBB) for the needed P3.5-billion rehabilitation of typhoon-devastated coconut farms or the industry stands to suffer a steep decline in production.
Bush wants world trade deal done
WASHINGTON, May 26 (Reuters) — President George W. Bush on Thursday said he hopes to present Congress with a new world trade deal before leaving office in January 2009.
Electronic banking gains acceptance
Electronic commerce (e-commerce) is slowly being accepted in the country as an alternative mode of doing business.
P/$ rate closed at P46.05/$ 1
The peso exchange rate closed at P46.05 to the US dollar last Friday at the Philippine Dealing Exchange. The weighted average rate stands at P46.237.
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