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Coconut sap may find global niche market in cancer medicine
The possibility of preserving coconut sap’s inositol, a Vitamin B complex component that prevents prostate cancer, is offering the Philippines a new niche for coconut in the international market.
DBP goes green in lending to LGUs
As part of its developmental thrust, the Development Bank of the Philippines (DBP) is pushing for environmental protection and management lending facility to local government units (LGUs) with the end in view of sparking economic activities in the countryside.
NIA-NPC direct connection approved
The Energy Regulatory Commission has approved the petition of the National Irrigation Administration-Banaoang Pump Irrigation Project (NIA-BPIP) for direct connection with state-run National Power Corporation (NPC) for its power supply.
PEMC seeks reconsideration of budget
The Philippine Electricity Market Corporation (PEMC) headed by Lasse A. Holopainen, president, has lodged a motion for reconsideration on its proposed P624.411 million budget for this year to be raised through market fees collected from participants in the Wholesale Electricity Spot Market or WESM.
Gov’t may cut tariff on rice imports
The government is considering slashing a tariff on rice to allow wider participation in imports of the country’s staple food, Agriculture Secretary Arthur Yap said.
RP plans to swap short-term loans with long-term issues
The government is planning its first debt swap exercise or the exchange of old debts for short-term loans this year, as a continuance of its debt consolidation program.
IMF okays change in voting system
WASHINGTON (AP) — The International Monetary Fund’s directors approved a major change in its voting mechanism Friday, giving some larger developing countries more of a say in how the 185-nation lending organization operates. The board stopped short of major reforms that critics had demanded.
PSE seeks new divestment deadline
The Philippine Stock Exchange is hoping the Securities and Exchange Commission will again ease the deadline on the bourse’s compliance with the 20 percent ownership cap on stock brokers.
PAL buying 9 Bombardier aircraft
Philippine Airlines (PAL) is acquiring nine small-seater Bombardier aircraft to beef up its domestic route operations and compete head-on with other domestic carriers.
Oil firms raise prices by P.50/liter more
Owing to the movements in global oil prices, the local oil companies have implemented an increase of P0.50 per liter on their gasoline, diesel and kerosene prices; but rolled back the price of liquefied petroleum gas by P0.50 per kilogram.
Business and Society
I am fortunate that my sabbatical leave spent at the IESE Business School in Barcelona, Spain coincided with the fiftieth anniversary of this leading school of management in the world. As an apostolic undertaking of Opus Dei, IESE together with all of its stakeholders, received an inspirational message from Bishop Javier Echevarria, Prelate of Opus Dei and Grand Chancellor of the University of Navarre, of which IESE forms part. I will quote some salient portions of the message here because it can be addressed to all business executives and entrepreneurs who want to imbue their work with the spirit of Christianity. What Bishop Echevarria says can greatly enrich the corporate culture of every business organization.
P/$ rate stands at P41.825/$ 1
The peso exchange rate closed at P41.825 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P41.868.
P/$ rate stands at P41.825/$ 1
The peso exchange rate closed at P41.825 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P41.868.
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