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Magnolia Chicken awarded Seal of Excellence by the meat body
Magnolia Chicken was recently awarded the Seal of Excellence by the National Commission for Meat Establishments and Technology (NACOMEAT).
Independent groups tapped to assess, review CARP
The Congressional Oversight Committee on Agricultural and Fisheries Modernization (COCAFM) has commissioned three prestigious institutions to conduct a comprehensive assessment and review of the Comprehensive Agrarian Reform Program (CARP) which will expire in June 2008.
TVIRD Canatuan mine rehabilitation on track
After nearly four years of operations had been completed and with another six years of operations anticipated, TVI Resource Development Philippines, Inc. (TVIRD) has been busy implementing the Final Mine Rehabilitation and Decommissioning Plan for the Canatuan Project in Siocon, Zamboanga del Norte. Over 100,000 trees planted under TVIRD reforestation program.
IBM global financing (IGF) goes to Davao
IBM Philippines recently hosted a C-level event on IBM Global Financing (IGF) held in the Marco Polo Hotel, Davao City.
Why has coffee developed into a thriving industry in Philippines
Filipinos have developed their own unique ways of drinking NESCAFÉ and these have all been largely influenced by practices handed down to them by their elders, their living conditions, and their work environment.
Age is no deterrent to business success
Ronald Espinoza started his first Seaoil gas station in Gulod, Novaliches, Quezon City at the age of 23.
Business Agenda Report
Although it is not a declared State policy, we are concededly one of the world’s major human labor exporters – euphemistically termed service provider – as evidenced by more than 8 million Filipino migrant workers now deployed globally in search of the proverbial greener pastures.
Great summer travel deals from Citibank credit cards
Get ready for an exciting summer with your family and friends as Citibank credit cards let you fly to your dream destinations at very affordable rates.
One-time gains from asset sale lift SMC profit to P11 B
Food and beverage giant San Miguel Corporation reported a strong start this year with first quarter consolidated net income of P11 billion which is over four times that of the same period last year.
JFC net income dips 9.4% to P480 M
Jollibee Foods Corporation reported a 9.4 percent drop in consolidated net income in the first quarter of the year to P480 million as the rapid increase in the cost of raw materials reduced profit margin from 6.1 percent to 4.8 percent.
RCBC Savings hikes earnings to P212 M
RCBC Savings Bank, the consumer lending arm of Rizal Commercial Banking Corporation, defied market trends with its first quarter net income increasing by 15 percent to P212 million from P184 million in the same period last year.
PAL out to regain lost market share
Philippine Airlines, the country’s flag carrier, is poised to grab over 50 percent from the current 43 percent market share in domestic routes by March next year edging out rival Cebu Pacific as its PAL Express routes add a million more passenger traffic.
DENR orders mine work resumption
The Department of Environment and Natural Resources (DENR) has ordered the resumption of construction of a Nueva Vizcaya copper-gold project after ruling as "illegal" and "dilatory" a cease and desist order (CDO) against it.
GMA Network earns P454 M in Q1, up 6%
GMA Network posted a 6 percent growth in net income for the first quarter of the year to P454 million from P427.6 million in the same period in 2007 due to higher airtime revenues and earnings from international operations.
ABS-CBN Q1 profit falls 14% to P242 M
ABS-CBN Broadcasting Corporation reported a 14 percent drop in consolidated net income in the first quarter to P242 million from P280.4 million in the same period last year although it posted a 23 percent growth in recurring net income.
300 food firms participating at IFEX which opens today
Three hundred Philippine food companies join the government-organized International Food Exhibition Philippines today in a bid to explore market potential of Philippine-made innovative products.
Contact center company sees net profit to double this year
ePerformax Contact Centers is confident of hitting P2.2 billion in gross revenues this year from P1.6 billion in 2007 and doubling last year’s P156 million net profit on expanding existing clients and inflow of new ones from the US market.
Malampaya group negotiates new sales contract
The consortium developing the Malampaya deep water gas to power project is negotiating for a new gas sale and purchase agreement with the Department of Energy to cover the additional gas production needed for the project.
Philam Plans keeps pre-need leadership
Philam Plans Inc., the country’s leading pre-need company providing pension, education and life plans, maintained its industry lead, based on the latest standings from the Philippine Securities and Exchange Commission (SEC).
P/$ rate closes at P42.70/$ 1
The peso exchange rate closed higher at P42.70 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P42.855 the previous day. The weighted average rate appreciated to P42.79 from P42.819. Total volume amounted to $ 635.63 million.
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