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Pharmaceutical and commercial uses of indigenous herb oregano
Another indigenous herb, oregano, is making inroads in the market with its pharmaceutical properties and commercial uses like juice, vinegar, and feed supplement.
Agro-industrial (ANI) launches new product, aims to hit P5-B revenue mark
AgriNurture Inc. (ANI), a leading agro-industrial company, is aiming to hit more than P5 billion revenue next year once it has put in place its expansion and its initial public offering (IPO) slated within the year.
Pharex marks 20 years of providing high quality and affordable generic medicines
The prevailing financial difficulties have virtually widened the gap between Filipinos and quality healthcare.
Limited edition of San Miguel Oktoberfest Beer launch set
San Miguel Pale Pilsen’s 2008 Oktoberfest celebration, set to become the biggest, grandest, and longest in the world, will be made even more unique with the grand unveiling of a limited edition San Miguel Oktoberfest brew.
‘Save It Forward’ program brings kids back to school
Bank espouses value of education
First Aristocrat Restaurant franchisee makes good in Subic and Pampanga
The Aristocrat restaurant is a historical and gastronomic icon that has inspired the growth and development of the restaurant industry in the Philippines.
LR introduces Aloe Vera Essences to RP market
LR Health & Beauty Systems of Germany, Europe’s largest direct-selling company, has introduced its globally recognized Aloe Vera Life Essence Gels and related products to Filipinos as part of its efforts to corner a sizable chunk of the booming health supplements market in the Philippines.
Business Agenda Report
Since the subprime housing implosion erupted, triggering a deepening US economic slowdown and which reverberated in financial markets across the world, this is my first time to come across in a business magazine an American lawmaker categorically naming someone as responsible for the whole mess.
Chevron donates over P1.7 M in Caltex fuel, cash, relief goods
Chevron Philippines Inc. (CPI, formerly known as Caltex Philippines), its parent company Chevron Corporation, sister company Chevron Malampaya as well as the Filipino Employee Network of Chevron (FEN) have pooled their resources for a donation totaling over P1.7 million for the survivors of Typhoon Frank.
Meralco agrees to open books to COA as directed by ERC
As the Energy Regulatory Commission (ERC) categorically directed it to subject its financial records and accounts for evaluation of the Commission on Audit, the Manila Electric Company (Meralco) could do no more but to readily adhere to the regulator’s mandate.
Sugar surplus seen; more exports set
The Philippines is projected to post a sugar production of 2.45 million metric tons (MT) this current crop year, at least a 20-year high record that’s sending a huge surplus and export of around 400,000 MT.
DBP prods LGUs on sound governance
State-owned Development Bank of the Philippines (DBP) is encouraging local government units (LGUs) to adhere to sound governance practices and establish financial credibility in order to get better access to the bank’s various financing facilities.
Chikka Asia adds 5.25 M new members
Chikka Asia, Inc., the popular local Internet gateway to sending free text messages, recorded 5.25 million new members for the first half of 2008.
Gaisano company taps DFNN for IT needs
The MetroGaisano Group has tapped IT firm Diversified Financial Network Inc. (DFNN) and subsidiary Intelligent Wave Philippines Inc. for the information technology requirements of its online securities and brokerage business.
RP may stay as rice importer, says FAO
The Philippines will remain a major importer of rice unless the government provides adequate financing for its programs to boost grains output, the Food and Agriculture Organization said Friday.
MPIC scraps ethanol plans with Basic
Metro Pacific Investments Corporation has scrapped its plan to team up with Basic Energy Corporation for a proposed P6-billion biofuel project involving the construction of two ethanol plants.
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, MPIC said it has served a formal notice to terminate the Memorandum of Understanding it signed with Basic Energy Corporation and Basic Biofuels Corporation last July 10, 2008.
Budget sets aside P46 billion for social projects in 2009
Budget Secretary Rolando Andaya Jr. said the National Government has an allocable budget of P46.1 billion for 2009 to fund priority projects including those for social and welfare.
Halal food-making guidebook readied
The Philippines is aiming to release a guideline in Halal food-making as Halal is seen to have an important market among Asian neighboring countries. The guidebook will encourage production and export of Halal foods and provide food processors and exporters the know-how on preparing, packing, labeling, and handling of Halal foods, according to a Bureau of Agricultural Research (BAR) report.
P/$ rate at P46.825/$ 1
The peso exchange rate closed at P46.825 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P46.841.
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