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PNOC taps DBP as advisor on sale of remaining Petron stake
A government-to-government deal may again prevail as the Philippine National Oil Company (PNOC) is eyeing to tap the Development Bank of the Philippines (DBP) anew as financial advisor for the planned sale of its remaining 40 percent stake in Petron Corporation.

RP taxes, incentives rated generally comparable with those of neighbors
The International Monetary Fund (IMF) said the Philippine tax provisions and investment incentives are generally comparable with competitor nations Indonesia and Vietnam.

CCAP wants to become CIC stakeholder
The Credit Card Association of the Philippines (CCAP) is committed to become a stakeholder in the proposed Credit Information Corp. which will be the repository of borrowers’ credit profile, both individual and corporations.

PRA seeks insurance for US retirees here
LOS ANGELES, CA – The Philippines is strongly lobbying with the US government to allow the use of government medical insurance for the medical expenses of Americans retiring in the Philippines as part of the government’s effort to boost the country’s bid to become a global retirement haven.

RP may import 274 M liters of ethanol
An estimated 274 million liters of ethanol may have to be imported by the country for 2009 in order to comply with the five percent ethanol blend with gasoline as mandated by the Biofuels Act.

Business and Society
Among the sectors that always appear in a listing of the sunrise industries in the Philippines is logistics or supply chain management. Being a Archipelago of more than 7,000 islands and sitting right smack at the geographic center of East Asia, the Philippines is a natural for the sector that optimally combines distribution, transport and manufacturing.

BoI proposes dev’t investment fund
The Board of Investments (BoI) is proposing the creation of an Investment Promotion Fund as source of financing for the country’s investment promotions.

Durano counts on Phitex to hit big tourism targets
Tourism Secretary Joseph Ace Durano is counting significantly on the yearly Philippine Travel Exchange (Phitex) to sustain the unprecedented inflow of foreign tourists, keep dollar revenues above $ 5 billion, and virtually fill up the country’s projected maximum annual room capacity of 4.2 million by 2010.

Acer service center takes on a new look
Acer, one of the world’s top computer manufacturers, decided to kick up a notch higher their own brand of service with a new look for their new Acer Service Center, but still anchored on the same world-class service trait the company has become known for.

BPI sets 3rd BPInoy Awards for world-class Filipinos
The Bank of the Philippine Islands (BPI) will recognize the achievements of Overseas Filipinos in various fields of expertise in the upcoming BPInoy Awards in ceremonies to be held on October 3, 2008.

NESTLÉ experimental & demo farm trains coffee farmers for better yield
AS makers of the leading coffee brand NESCAFE, NESTLÉ makes sure that local coffee farmers are armed with the best knowledge available when it comes to coffee.

Fast track your dreams with a Citi personal loan
Wouldn’t you like to expand your business or maybe start one and become your own boss? How about transforming your house into your dream home by renovating your living room or bedroom?

Business Agenda Report
The destination of choice for most Filipino nurses is still America as shown by the steady huge number of examinees trying to ace the National Council Licensure Examination (NCLEX) administered in the Philippines by the US National Council of State Boards of Nursing.

EXECUTIVE APPOINTMENT


P/$ rate stands 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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