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Palawan seen to overtake Boracay as RP’s No. 1 tourists destination
PUERTO PRINCESA — Palawan is expected to overtake Boracay in three years as the country’s number one tourist destination with Bohol coming in as close second, a tourism stalwart said.
Manila Water earmarks P26 B for various wastewater projects
With 99 percent of the central distribution area of eastern Metro Manila now with 24-hour water supply, Metropolitan Waterworks and Sewerage System’s (MWSS) East Zone concessionaire, Manila Water, has now given more focus to stepping up its efforts in increasing sewerage and sanitation coverage for its more than five million customers in the east concession area.
Manila Electric Company cited for good corporate governance
Manila Electric Company has recently been recognized as one of the top 20 companies in the 2007 ICD Corporate Governance (CG) Scorecard for publicly listed companies in the Philippines.
HCI 16th construction show set in Cebu City
Hardwares Consolidated, Inc. (HCI), comprised of the strong and leading distributors of construction materials in the Visayas and Mindanao, recently renewed its memorandum of agreement (MoA) with L. A. Ducut and Company, Inc. for the forthcoming 16th Construction Show Cebu – the biggest and longest-running construction show in the Southern Philippines – set on June 6-9, 2008 at the Cebu Trade Hall, 3/F SM City Cebu.
5 GSMI brands bag Monde gold medals
Flagship brand Ginebra San Miguel along with Ginebra San Miguel Premium Gin, Gran Matador Brandy Solera Gran Reserva, Antonov Vodka and Don Enrique Mixkila Distilled Spirit won gold medals in the Monde Selection competition held recently in Brussels, Belgium.
Generics medicine to benefit 33 M Pinoys living in poverty
Recent data released by the National Statistics Office (NSO) and the National Statistical Coordination Board (NSCB) have revealed that 32.9 million out of the 88.6 million total population or up to 34% of Filipinos are presently living in poverty.
King’s Boracay condotel project 25 percent sold
BORACAY, Malay, Aklan — Market reception for the Boracay Crown Regency Hotel and Convention Center, a condotel project of J. King and Sons, Inc. here remains strong with 25 percent already sold since its market launching.
Business Agenda Report
The three pressing imperatives today are food, shelter and energy with land as their common denominator – and this is precisely the reason why the real estate sector and the Department of Agrarian Reform are on a collision course over the latter’s suspension of land use conversions.
Gov’t marks CARP 20th year, holds 7th Agraryo Trade Fair
The Department of Agrarian Reform, in celebration of the Comprehensive Agrarian Reform Program’s 20th anniversary will be holding the 7th Agraryo Trade Fair at the SM Megamall Megatrade Hall from June 4 to 8.
RP issues $ 2.25-B worth of warrants to bondholders
The National Government issued $ 2.25-billion worth of bond warrants as protection against debt default to holders of Philippine long-term sovereign currency bonds.
Appliance dealer expands into Vis-Min
Home appliance and furniture chain Automatic Center is expanding its mainly Manila-based operation to Mindanao and Visayas areas starting this year.
BPAP pushes law against data piracy
The Business Processing Association of the Philippines (BPAP) is pushing for the enactment into a law a proposed legislation on data privacy, one of the many issues confronting the information technology-business process outsourcing (IT-BPO) industry in the country.
Alsons ventures into mining, ethanol
Encouraged by the high prices of metal, publicly-listed Alsons Consolidated Resources Inc. (ACR) has announced plans to pursue more mining projects in the country.
P10-M Benguet vegetable processing set
Malacañang has ordered the establishment of a P10-million vegetable processing facility in Benguet as part of the government food sufficiency program.
PCCI offers twin proposals on food sufficiency, poverty alleviation
The Philippine Chamber of Commerce and Industry (PCCI) has approved twin proposals to ensure food sufficiency and counter poverty alleviation: Temporary reduction of tariffs on the importation of ingredients for animal feeds and import quota restriction on breeding stocks to avoid over supply, and reduction of EVAT on oil from 12 to 5 percent if not scrap it all together on selected items.
Aboitiz Group denies VECO planning a Meralco takeover
Aboitiz Equity Ventures and subsidiary Aboitiz Power Corporation deny reports that subsidiary Visayan Electric Company (VECO) is planning to take over control of Manila Electric Company (Meralco).
P/$ rate closes at P43.515/$ 1
The peso exchange rate closed higher at P43.515 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P43.75 last Friday. The weighted average rate appreciated to P43.566 from P43.82. Total volume amounted to $ 480.7 million.
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