PRODUCTION of Abaca fiber in the country dropped by 14.7% to 61,935 bales for the months of January to February 2013 from 72,615 bales produced during the same period last year, data from the Fiber Industry Development Authority (FIDA) showed.
THE PLANNED monorail project connecting the Bonifacio Global City (BGC) to the Ninoy Aquino International Airport (NAIA) is expected to be included as part of a larger train system plan covering the whole Metro Manila, the Bases Conversion and Development Authority (BCDA) said yesterday.
STATE BORROWINGS dropped by more than half year-on-year in the first quarter as the government continued to trim down its external debt, data from the Bureau of the Treasury showed.
THE GOVERNMENT of Japan is looking to fund studies for the planned monorail connecting the Bonifacio Global City to the Ninoy Aquino International Airport, the Bases Conversion and Development Authority (BCDA) said.
IN JULY 2010, the International Accounting Standards Board (IASB) issued an Exposure Draft (ED) on Phase 2 of International Financial Reporting Standard (IFRS) 4, Insurance Contracts, which detailed several significant changes to the way insurers measure insurance contracts. The ED required them to apply current market assessment when they measure their liabilities. The comment period for the ED ended on Nov. 20, 2010 and the IASB has since conducted re-deliberations and has reached tentative conclusions on key topics.
ONGOING development at the state-run Bagong Nayong Pilipino Entertainment City gaming hub in Parañaque City has whetted interest in residential condominium units in the nearby cities of Pasay and Manila, particularly in areas near Manila Bay, according to property consultant Colliers International Philippines.
INFLATION could fall below 3% in the second quarter with commodity and fuel prices likely to ease on the back of better inventories and continued slow demand due to the weak global economic environment, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P).
MAJOR INDUSTRIES’ revenues rose at a slower pace in the fourth quarter compared to a year earlier, the National Statistical Coordination Board (NSCB) reported on Tuesday.
ZAMBOANGA CITY — Daily rotational brownouts here extended to nine hours yesterday, the second longest since the problem reemerged in Mindanao early this year, as the water level in Lake Lanao continued to fall.
ENTERPRISES operating in economic zones and freeports seeking to get incentives under the Republic Act 9400, which amended the Bases Conversion and Development Act of 1992 (BCDA Law), must cancel their registrations under other preferential regimes, according to the Finance department.