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Stocks soar to new peak as peso gains to 7-yr high
Local share prices climbed 2.6 percent higher yesterday closing at new record high amid an upbeat outlook for the domestic economy and expectations of strong corporate earnings for the third quarter, dealers said.
IRRI consortium seeks new technology
The International Rice Research Institute (IRRI) has launched a rice consortium that will develop less labor or water-intensive rice technologies which are crucial now that rice price is at a 10-year high.
Chemrez earns P353 M in 9 months
Chemrez Technologies Inc., the country’s leading producer of biodiesel and other related products, posted significant jump of 572 percent in its income for the first nine months to P353 million.
IPO ties up with US counterpart office
The Philippines Intellectual Property Office’s (IPO) has partnered with the US Patent and Trademark Office (PTO) to advance local patenting and boost innovation in essential industries like pharmaceutical and biotechnology.
DA to release P200 M for microfinancing
The Department of Agriculture (DA) has approved a P200-million microfinancing for priority commodities as rice, corn, and high-value crops, particularly for poverty-stricken areas in Bicol.
P/$ rate closes at P44.35/$ 1
The peso exchange rate closed higher at P44.35 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P44.75 last Friday.
Texas trade mission joining 33rd PBCE
A large group of Texas-based Filipino businessmen will visit the Philippines this October with a specific target: to explore investment prospects in the CALABARZON area.
3,000-MW capacity eyed for greenfield gas-fed power project
The Department of Energy (DoE) is inviting investments for 3,000 megawatts of greenfield power capacity that will be powered by natural gas.
Taiwan firm mulls development of 20-hectare Subic science park
Subic Bay Metropolitan Authority is finalizing a discussion with Century Development Corp., same developer of the Taiwan’s Nankang Cyber Park, to develop a 20-hectare lot into Subic Science Park.
PRCI board asked to disclose all deals
Filipino minority shareholders in the Philippine Racing Club, Inc. (PRCI) recently urged the firm’s Malaysian-led majority directors to disclose the full details of two major transactions "in the spirit of transparency and to show support for the Philippines’ reforms in the corporate sector."
Cebu is second most popular destination for BPO, call centers
Cebu is not just a premier tourist destination of the country but also the second most popular destination of business process outsourcing (BPO) companies next to Metro Manila.
Rising demand for quality English speakers prompts Netopia in deal
The Philippines’ growth as a hub for call centers is fuelling a huge, rising demand for high quality English speakers, prompting a partnership between Netopia and Drake Training Systems Limited’s Englishlink.
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