Coconut water sales jump 260%
The value of coconut water exports rose by 260.55 percent to $1.32 million in the first quarter of 2012, the Philippine Coconut Authority (PCA) said in a statement.
The value of coconut water exports rose by 260.55 percent to $1.32 million in the first quarter of 2012, the Philippine Coconut Authority (PCA) said in a statement.
The Bangko Sentral ng Pilipinas is having second thoughts about its forecasts on the country’s balance of payments (BOP) and gross international reserves (GIR) this year and may have to scale down the growth figures due to the prolonged debt crisis in parts of Europe and its impact on the local economy.
Air Asia Inc., the country’s newest carrier, said the government would kill the “goose that lays the golden eggs” with a new rule that forces companies to accommodate late passengers or “no-shows.”
The Department of Budget and Management will “increase pressure” on executive departments and agencies to speed up the use of public funds which, in turn, can drive up domestic growth.
The services sector, considered to be the main growth driver of the Philippine economy today, just got bigger with the opening of a portal that promised 100,000 new jobs, according to the Business Processing Association of the Philippines (BPAP).
The government was urged to start laying down critical measures to prepare the local automotive industry for what Toyota Motor Philippines called the “third wave of high motorization in the Asean” by 2015.
The Philippines has not had a serious branding effort until late last year when it launched a successful social media campaign, “It’s More Fun in the Philippines.”
Encouraged by low interest rates, Globe Telecom is issuing P10 billion worth of bonds to fund its expansion this year. Globe’s P4.5 billion in five-year and P5.5 billion in seven-year bonds will be listed on the Philippine Dealing and Exchange Corp. (PDEx) on June 1.
As this town started to settle down from the frenzy brought about by the American Idol finals stint of their town mate, Jessica Sanchez, local officials are focusing on a distinctly Filipino product made by local craftsmen.
Gotianun-led EastWest Banking Corp. has announced a plan to issue P5 billion in deposit certificates to bolster its asset base and prepare for an expansion in its loan portfolio.
The Department of Energy (DoE) is urging exploration companies to look into oil and gas fields deemed to have “marginal” resources, as the continued rise in oil prices and technological advancements may make such projects economically viable.
State-owned Land Bank of the Philippines posted a 13-percent profit growth in the first quarter to P3.1 billion from P2.8 billion in the same period last year.
