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APEC agrees to push for WTO deal
SYDNEY, Sept. 6 (Reuters) — Asia-Pacific ministers agreed on Thursday to accelerate global free-trade talks, saying that negotiations were at a crucial and probably final phase.
9 global fund managers vie for GSIS’s advisor job
Representatives of nine of the best and most reputable fund managers in the world are in town to present their investment proposals to the Government Service Insurance System (GSIS) which is seeking international investment advisors for its plan to invest some of its funds overseas for the first time.
IFC pledges $ 200 M to RP projects
MANILA, Sept. 6 (Reuters) — International Finance Corp. (IFC), the World Bank’s private sector investment arm expects to commit around $ 200 million in loans and equity to Philippine projects this fiscal year, the highest amount in at least seven years, the agency said on Thursday.
Cathay Land launches P500-M condo
Cathay Land Inc., which concentrates on the development of a mid to high-end integrated residential and commercial complex, has launched its second residential condominium Scandia Suites, a P500-million twin-tower in the 500-hectare South Forbes Golf City development in Metro Sta. Rosa.
Globe rebrands, simplifies products
After over a year of review and study, Globe Telecom Inc. unified all its products, services and even its internal units, including those of Innove Telecommunications Inc. and G Exchange, under a single master brand, "Globe," President and CEO Gerardo C. Ablaza Jr. announced yesterday.
Baron Travel marks 40th anniversary today
Baron Travel Corporation is celebrating today its 40th year anniversary, citing four decades of unrelenting excellence in integrated travel and tourism services.
SCTEx contractor faces penalty
The Bases Conversion Development Authority (BCDA) said that should the contractor of the SubicClark-Tarlac expressway (SCTEx) cannot meet the new deadlines for the completion of the country’s longest expressway they would press charges for liquidated damages.
ERC okays Apex direct power link
The Energy Regulatory Commission (ERC) has provisionally approved the application of Apex Mining Company Inc. (APEX) for direction connection in securing its electricity requirements from the state-run National Power Corporation.
Oil and gas financiers attending PowerTrends
The forecast surge in the growth of the economy in the next five years has intensified the need for the Philippines to encourage the entry of fresh capital required for the security of supply of energy,
Petronas sets drilling in Mindoro
Malaysia’s energy giant Petronas Carigali Overseas Sdn Bhd already kicked off drilling activities at its offshore Mindoro prospect, setting high hopes on the discovery of oil and gas reserves potentially for eventual commercial development.
P/$ rate closes at P46.57/$ 1
The peso exchange rate closed higher at P46.57 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P46.64 the previous day. The weighted average rate depreciated to P46.686 from P46.66. Total volume amounted to $ 466.5 million.
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