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Trading firm gets P1.75-B funding

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A WORKER stirs heated sugarcane juice at the Raw Brown Sugar Milling Co. Inc. muscovado factory.

All Asian Countertrade Inc. (AACI), a leading sugar and commodities trading firm in the country, has raised P1.75 billion from a series of private debt deals solely managed by China Bank.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

Seized counterfeit goods hit P8B

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PHILIPPINE authorities slash and tear bogus products to mark World Anti-Counterfeit Day. According to global luxury brand Louis Vuitton, the price of imitation goods sold on the market may be low, but it exacts a higher cost on the children who help produce these illegal products.

The total value of counterfeit and pirated products seized by the National Committee on Intellectual Property Rights (NCIPR) has reached P8 billion in the first eight months of the year, due largely to the government’s aggressive efforts to enforce intellectual property rights in the country.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

E-trike program may cover co-ops

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DOE Secretary Jericho Petilla. AP FILE PHOTO

The Department of Energy (DOE) is keen on expanding its $504-million e-trike program to include cooperatives, instead of the original plan to limit availment to government channels.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

SBMA bent on giving Subic a facelift

BIG VOLUME  In 2011, container throughput in Subic Bay reached 27,600 twenty-foot equivalent units, a growth of 7.8 percent over 2010 and the highest volume recorded since 2007.

The Subic Bay Metropolitan Authority (SBMA) is bent on revitalizing the tourism industry at the Subic Bay Freeport and bring it at par with other popular tourist attractions found in Singapore and Guam.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

More security features to protect Smart subscribers

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Smart Communications Inc. is hosting group of venture capitalists led by US-based business accelerator 500 Startups that is on an investment mission in Manila, alongside IdeaSpace, Voyager Innovations Inc., Smart Developer Network and Smart Bro.

Smart Communications Inc., a unit of Philippine Long Distance Telephone Co., said it was fortifying its efforts to protect its subscribers from scams, which are anticipated to rise during the Christmas season.

Posted: September 20th, 2014 in Headlines,Latest Business Stories | Read More »

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