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NCC seeks restoration of EO 500 allowing partial DMIA ‘open skies’
The National Competitiveness Council (NCC) has urged government to restore Executive Order 500 to allow pocket open skies policy for Diosdado Macapagal International Airport in Clark to support the promotion of international trade, tourism and investments as well as the development of a mega logistics hub in Clark and Subic.
WB President hopeful for new funding
WASHINGTON, Dec. 8 (Reuters) — The World Bank’s president is "hopeful" final talks in Berlin next week among donor nations will extract sufficient promises to ensure that future lending by the world’s biggest development fund to poor countries is not undermined.
Philanthropy by China’s richest rising
HONG KONG, Dec. 8 (Reuters) — Philanthropic donations in China are surging, as the country’s nouveau riche expands with economic development, and should be boosted in the next few years by much-needed tax incentives, analysts say.
Ace Saatchi & Saatchi has new CEO
Arthur John S. Young, Chairman of the Board of Ace Saatchi & Saatchi, recently announced the appointment of Matt Seddon as President and Chief Executive Officer of the agency.
RP revs up investment drive in Taiwan
The country’s "world-class" export processing zones and industrial estates, with their highly skilled workers, reliable infrastructure and quality lifestyle could serve as ideal regional manufacturing hubs and technological bases for Taiwanese enterprises waging aggressive expansion strategies in Asia, Philippine investment promoters said.
DoE wants to reduce coal, oil shares in overall energy mix
The Department of Energy (DoE) has laid down plans to reduce the share of coal and oil in the country’s energy mix to serve as its response in mitigating climate change risks.
RLC opens Robinsons Otis Mall
Robinsons Land Corp. recently opened its second shopping mall in Manila, Robinsons Otis, located along Paz Mendoza Guanzon Street in Paco.
Dulalia joins FIABCI annual meet in Geneva
Florentino S. Dulalia Jr., Philippine charter president of the International Real Estate Federation or FIABCI (the French-based international real estate organization) and FIABCI international vice-president for Principal Members Council, is attending the annual business meeting of the international organization at the United Nations office in Geneva, Switzerland which started yesterday.
LBP eyes new $ 400-M fund from China, European banks
A $ 400-million new funding source is being eyed by the Land Bank of the Philippines (LBP) from new funders including China Development Bank and European Investment Bank.
$ 150-million JV to make biodiesel fuel in Mindanao
Green Fuel Corporación of Spain, a biodiesel company owned by ENDESA and Tecnicas Reunidas, has successfully completed the negotiations for the landmark strategic agreement with Philippine company Guidance Management Corporation (GMC). by far the most comprehensive joint venture agreement signed to date for the Philippine biodiesel industry.
Transcription group bags $ 1.4-M American contract
A consortium of small and medium medical transcription service organizations (MTSOs) recently bagged $ 1.4-million worth of deals from the recent American Health Information Management Association (AHIMA) exhibition in the US.
Du pont launches pesticide product
One of world’s largest inventive firms is targetting to capture part of $ 70-million pesticide market here as it positions the Philippines as one of the early adopters environment-friendly pest control systems.
I-Remit gets BoI incentives
The Board of Investments (BoI) has approved incentives for I-Remit Inc. as an expanding provider of information and communications technology services to overseas Filipino workers.
Preneed firm claims P4-B trust fund
Preneed firm Danvil Plans, Inc., formerly Berkley International Plans, said its trust fund has already reached the P4-billion mark.
The TransCo gridlock: Will it benefit the electricity consumers?
The privatization of the spinoff National Transmission Corporation (TransCo) is presently at the center of political controversies.
Apple’s iPhone winning corporate fans despite flaws
BOSTON/SAN FRANCISCO, Dec. 8 (Reuters) — Mike de la Cruz, a senior vice president with German software giant SAP AG, shows off the latest weapon of the corporate road warrior — his iPhone.
The EB-5 Investor Green Card
Foreign investors who wish to immigrate to the US have vast and often perplexing number of visa options to choose from.
Cathay Pacific buying 8 A330s for US$ 1.7 B
HONG KONG (AP) — Cathay Pacific Airways Ltd. said Friday it will buy eight A330 Airbus aircraft with a total basic price of US$ 1.7 billion to expand its fleet capacity.
Lorenzo Shipping to expand fleet
Lorenzo Shipping Corporation (LSC) expects to be in a stronger financial position next year, as it implements its re-fleeting program.
Asia-Canada container shipping lines hiking rates
Asia-Canada trade container shipping lines belonging to the Canada Transpacific Stabilization Agreement (CTSA) are planning to raise rates and the CAF (currency adjust factor) changes in 2008.
3 bidders eyeing to acquire troubled Alitalia
ROME (AP) — Three bidders, including Air France-KLM and much smaller Italian carrier Air One, announced bids on Thursday to buy Alitalia while Lufthansa opted not to pursue the struggling Italian company.
Asia oil freight rises on diesel and naphtha flows
SINGAPORE, Dec. 8 (Reuters) — Spot freight rates for clean medium-ranged (MR) tankers plying the Asian region kept on its bull run edging past a 12-month high on increased trans-Pacific arbitrage bookings and strong Chinese demand for diesel imports.
Tiger Airways, Jetstar Asia get rights to ply Singapore-KL route
SINGAPORE, Dec. 8 (AFP) — Singapore said Friday Tiger Airways and Jetstar Asia have been granted the rights to operate flights to Kuala Lumpur from February onwards.
NCC seeks restoration of EO 500 allowing partial DMIA ‘open skies’
The National Competitiveness Council (NCC) has urged government to restore Executive Order 500 to allow pocket open skies policy for Diosdado Macapagal International Airport in Clark to support the promotion of international trade, tourism and investments as well as the development of a mega logistics hub in Clark and Subic.
WB President hopeful for new funding
WASHINGTON, Dec. 8 (Reuters) — The World Bank’s president is "hopeful" final talks in Berlin next week among donor nations will extract sufficient promises to ensure that future lending by the world’s biggest development fund to poor countries is not undermined.
Philanthropy by China’s richest rising
HONG KONG, Dec. 8 (Reuters) — Philanthropic donations in China are surging, as the country’s nouveau riche expands with economic development, and should be boosted in the next few years by much-needed tax incentives, analysts say.
Ace Saatchi & Saatchi has new CEO
Arthur John S. Young, Chairman of the Board of Ace Saatchi & Saatchi, recently announced the appointment of Matt Seddon as President and Chief Executive Officer of the agency.
RP revs up investment drive in Taiwan
The country’s "world-class" export processing zones and industrial estates, with their highly skilled workers, reliable infrastructure and quality lifestyle could serve as ideal regional manufacturing hubs and technological bases for Taiwanese enterprises waging aggressive expansion strategies in Asia, Philippine investment promoters said.
P/$ rate stands at P41.74/$ 1
The peso exchange rate closed at P41.74 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P41.745.
DoE wants to reduce coal, oil shares in overall energy mix
The Department of Energy (DoE) has laid down plans to reduce the share of coal and oil in the country’s energy mix to serve as its response in mitigating climate change risks.
RLC opens Robinsons Otis Mall
Robinsons Land Corp. recently opened its second shopping mall in Manila, Robinsons Otis, located along Paz Mendoza Guanzon Street in Paco.
LBP eyes new $ 400-M fund from China, European banks
A $ 400-million new funding source is being eyed by the Land Bank of the Philippines (LBP) from new funders including China Development Bank and European Investment Bank.
Dulalia joins FIABCI annual meet in Geneva
Florentino S. Dulalia Jr., Philippine charter president of the International Real Estate Federation or FIABCI (the French-based international real estate organization) and FIABCI international vice-president for Principal Members Council, is attending the annual business meeting of the international organization at the United Nations office in Geneva, Switzerland which started yesterday.
$ 150-million JV to make biodiesel fuel in Mindanao
Green Fuel Corporación of Spain, a biodiesel company owned by ENDESA and Tecnicas Reunidas, has successfully completed the negotiations for the landmark strategic agreement with Philippine company Guidance Management Corporation (GMC). by far the most comprehensive joint venture agreement signed to date for the Philippine biodiesel industry.
Oil firms raise pump prices by P0.50/liter; LPG by P1.00/kg
In keeping with their unwritten pact with the Department of Energy (DoE) to implement staggered price increases, the country’s oil companies raised anew over the weekend pump prices by P0.50 per liter and liquefied petroleum gas (LPG) by P1.00 per kilogram.
RP active in WTO TRIPS negotiations
The Philippines has actively participated in the recently concluded three-day World Trade Organization (WTO) workshop along with 18 other developing countries designed to help make use of the pharmaceutical patents flexibilities in the WTO intellectual property agreement.
Meralco says its generation charge higher by P0.06/kWh this month
After four consecutive reductions, the generation charge of giant utility firm Manila Electric Company (Meralco) will be higher this December by P0.06 per kilowatt hour (kWh) to P4.4125 per kWh from last month’s P4.3525 per kWh.
Basic Energy explores ethanol off-take supply accord with Shell
Basic Energy Corporation has signed a Memorandum of Agreement (MoA) with Pilipinas Shell Petroleum Corporation to study the feasibility of entering into an "off-take" agreement for the supply of up to 50 million liters of bio-ethanol a year.
P13.3 B released for SME loans so far
A total of P13.3 billion has been released for the first 10 months of the year by the Land Bank of the Philippines (LBP) for the SME (Small and Medium Enterprise) Lending Opportunities for National Growth (SULONG) which has become a driver of economic growth.
P/$ rate stands at P41.74/$ 1
The peso exchange rate closed at P41.74 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P41.745.
P/$ rate stands at P41.74/$ 1
The peso exchange rate closed at P41.74 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P41.745.
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