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ADB, WTO to host 2-day trade meet with RP gov’t
The Asian Development Bank (ADB) and the World Trade Organization (WTO), in partnership with the Philippine government, will host a two-day conference "Mobilizing Aid for Trade: Focus Asia and the Pacific" on 19 to 20 September.
Developing nations may name IMF head
BERLIN, Sept. 1 (AFP) — Developing countries could choose the future head of the IMF if they accept French candidate Dominique StraussKahn this time round, the chairman of the Eurogroup of eurozone finance ministers said in an interview.
Aquino named PNOC-EDC Chairman
Former Philippine National Oil Company (PNOC) president officer–in-charge Pedro A. Aquino Jr. has been named chairman of the board of the state-run firm’s geothermal unit, the PNOC-Energy Development Corporation.
Generali Philippines reports 46% income hike
Generali Philippines Life Assurance Co. (Generali Pilipinas) reported a 46 percent uptick in its consolidated premium income, surpassing the P1 billion mark, largely due to its aggressive marketing of bancassurance through Banco de Oro Unibank Inc.
WB economist sees economic slowdown
DAKAR, Sept. 1 (Reuters) — The World Bank’s chief economist on Thursday forecast that world economic growth would slow in 2007 but said the possibility of a crisis would diminish if the global economy could weather the next few weeks.
PCCI launches development institute
The Philippine Chamber of Commerce and Industry (PCCI), in its bid to further strengthen its 99 local chambers and 126 industry associations, recently launched the Philippine Chamber Development Institute (PhilCDI) to provide an institutionalized training program for the organization’s business network all over the country.
SEC drafts new rules on pre-need trust funds
The Securities and Exchange Commission (SEC), through its Non-Traditional Securities and Instruments Department (NTD), is revising the guidelines on the management of the trust funds of pre-need companies ultimately for the benefit of all planholders .
UK firm, South China to explore for gas in Mindoro
The Department of Energy (DoE) is eyeing the award of a service contract (SC) to UK-based Pitkin Petroleum Ltd. and South China Resources Inc. in advancing development initiatives at oil and gas blocks in Cuyo basin offshore Mindoro.
Gov't signs MOA to buy out MRT-3 contract from MRTC
The National Government has signed an agreement to buy out the 5-million build-lease-transfer contract of MRT-3 from the Metro Rail Transit Corp. (MRTC), Finance Secretary Margarito B. Teves said yesterday.
Business groups join Basilan assistance
The business community has banded together to provide humanitarian assistance to the over 25,000 internally displaced persons (IDPs) from over 5,277 families in the affected military offensive in Sulu and Basilan areas.
P/$ rate at P46.55/$ 1
The peso exchange rate closed at P46.55 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P46.664.
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