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SEAOIL steps up production of ethanol-blended gasoline
Local biofuel pioneer SEAOIL Philippines Inc. is stepping up its bid to develop and commercialize the cheapest and most environment-friendly transport fuel in the country — ethanol-blended gasoline.
Cavite expressway project funded
Wholly-owned Filipino firm UEM-MARA Philippines Corp. is investing P5.5 billion for the extension of the Manila-Cavite Toll Expressway Project that will link Phase 1– R1 Expressway Coastal Road to the province of Cavite
BSP sees higher inflation in December
The Bangko Sentral ng Pilipinas said the annual inflation rate in December was likely to be between 3.2 percent and 3.7 percent, which would make it one of the highest levels this year.
Phil. Sinter to build P1-B power plant
Japanese-owned Philippine Sinter Corp., which has an existing project in Phividec Industrial Estate in Misamis Oriental, will venture into cogeneration power project at a cost of P1.032 billion.
Rice price soars to peak of $ 400/MT
Offered price for rice shot up to a record-high of more than $ 400 per metric ton (MT) for 25 percent brokens at the National Food Authority’s (NFA) bidding of 450,000 MT of rice import volume Friday.
P/$ rate stands at P41.28/$ 1
The peso exchange rate stands at P41.28 against the US dollar, the closing rate on Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate is P41.411 to $ 1.
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