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P5-B micro-finance seen to spur rural enterprises
A national program to boost economic growth is pouring in P5 billion over five years for microfinancing, harnessing international and local funding for rural enterprises and poverty reduction.
US firm mulls ethanol plant here
A United States-based company has engaged in a negotiation to put up a 100,000 to 150,000-liter per day ethanol plant over a recommended sugarcane area in the Pampanga military reservation.
RLC to invest P20 B next 2 years
MACTAN, Cebu (Dow Jones) — Philippine property developer Robinsons Land Corp. (RLC) plans to spend P10 billion annually in the next two years, more than double the P4.5 billion it invested last year to take advantage of opportunities in the booming property sector.
Liberal air pact with Seoul welcomed
Foreign businessmen yesterday lauded the government for successfully negotiating a more liberal air services agreement with South Korea even as they urged the government to pursue the same aviation policy to pave the way for a rapid development of Clark and the Diosdado Macapagal International Airport (DMIA).
P/$ rate closed at P46.06/$ 1
The peso exchange rate closed at P46.06 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P46.10.
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