Business and Finance Archive

Chocolate factory in Davao region by Japan. CDAMI –controlled cooperatives to supply beans. European markets also interested in Cacao from PH.

Chocolate City – Davao.* * * * * * * * * * * * *

Factoring receivables comes to stay. Seeking liquidity for your business. Paying to create capital during cash crunch.

Factoring is a big help for traders. * * * * * * * * *

China funds 8 priority infrastructure projects. 12 Filipino projects given the green signal. Donation of $3 million for reconstruction of Marawi City.

China to fund big-ticket infrastructure projects. * * * * * * * * * *

Japanese aid to speed up infrastructure projects in PH. Rail, subway and flood projects being expedited. Delegation in China for presentation on PH economy.

Japanese boost for PH. * * * * * * * * * * * *

Foreign investment pledges continue downward trend. 7 IPAs withdraw approved commitments. One-third commitments to manufacturing sector.

Investment scenario declining. * * * * * * * * * * * * *

MRC tieup with Chinese giant. MOU signed with Energy China GPEC. !000 mw projects by 2022.

MRC for renewable energy * * * * * * * * * * * *

Nestor Espenilla Jr. appointed BSP Governor. Financial circles welcome policy decision. Promises to continue banking reforms.

New Governor for BSP. * * * * * * * * * * * *

Japan upgrades cooperation with ASEAN. Swap deals to boost economy / stability. Cross-border transactions in local currencies.

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Ferry services to boost BIMP-EAGA trade. Reduces transit time; saves cost of haulage. Weekly trips to Bitung, Indonesia from Mindanao.

Ferry to reduce costs, improve trade. * * * * * * * * * *

Exports making a firm recovery – DTI. Continuous increase in growth since 3 months. Boost due to cooperation with ASEAN and China.

Boost in exports. * * * * * * * * * * * * *

SEC suspends 20 more lending Cos. Follow up to 84 companies suspended yesterday. Lending Operations: Certificate of Authority is must.

SEC cracks down on illegal lending. * * * * * * * * * *

PH tops Asian Export growth in last seven years. Beats India, South Korea and China by large margin. Foreign investments, structural reforms boost GDP.

The Philippines tops in export. * * * * * * * * * * *

Exports riding a promising period: NEDA Chief. Global recovery fuelling these trends. 22.5% spurt in exports in January.

Exports on the rise. * * * * * * * * * * * *

Reforms to boost Exports: Philexport. Middle-income economy by 2022. High-income economy possible by 2040.

Reforms in Exports to push economy. * * * * * * * * * *

75 Mining contracts cancelled by DENR. Industry outraged; May seek legal recourse. Environmental damage due to indiscriminate mining, claims government.

Mining can effect environment considerably. * * * * * * * * * * *

Sugar allocation for the US reduced. PH third largest supplier of Sugar to the US. Uncertainty over US import priorities.

Sugar exports to the US to be lower.. * * * * * * * *

Common rail station for 3 Lines Department of Transportation signs agreement with MRT, LRT operators. Facility to save time and effort of Passengers.

Better rail amenities. * * * * * * * * * * * * *

China upgrades renminbi. Importance of dollar eroded. 11 currencies added to basket of 13

China strengthens currency basket. * * * * * * * * * * * *

OPEC-14: Now, cuts by non-OPEC producers 558,000 barrels a day to be cut

Non-OPEC producers to support OPEC. * * * * * * * * * * *

25 department Repeal Rules/ Procedures 1062 issuances corrected, deleted and amended

Repeal to streamline rules and procedures. Umrao Singh umraoz.wordpress.com Written for: Lars-Magnus Carlsson www.thephilippinepride.com Friday, 09

OPEC cuts production. Production set at 32.5 million barrels per day

Targets of oil production cut by OPEC. The Asian markets made a sort of recovery on

IMI to set up automotive electronics manufacturing unit in Serbia :: Strategy to be closer to end-user markets: Zobel de Ayala

Ayala Group setting up a plant in Serbia. Ayala Corp. chair Jaime Augusto Zobel de Ayala

Import licenses cancelled :: Fresh issues soon. Rampant smuggling to be checked

Import licenses to be streamlined. In a decisive move that is likely to have far-reaching effect

Philippines fifth in Gold production in Asia :: 91% of Gold is produced by six Asian Countries

Gold is the precious metal that continues to hold its own in all seasons and scenarios;