Posted on May 15, 2012 by filstars
Beijing Customs Inspection and Quarantine has already banned the entry of container vans from 41 exporters after insects had been found when China imposed stricter regulations on shipment of Philippine bananas. Tons of Philippine bananas were rotting at Chinese ports. Beijing sent a letter to the Bureau of Plant and Industry [BPI] claiming it discovered [...]
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Posted on October 22, 2011 by filstars
It was in time for Christmas when Bangko Sentral ng Pilipinas launched the new look of the Philippines peso bills. Designed by Design Systemat and Studio 5, the new peso bills were packed with security features that counterfeiters would find it hard to copy. The new features of the Philippines peso bills are as follows: [...]
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Posted on October 1, 2011 by filstars
The Philippines is experiencing both a budget surplus and a budget deficit for 2011. The Aquino Administration posted a budget surplus of P26.26 billion in April 2011, which is recorded to be the biggest in 25 years and more than 10 times the P2.6 billion surplus in 2010. This is according to Finance Secretary Cesar [...]
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Posted on May 8, 2011 by filstars
The Bangko Sentral ng Pilipinas releases a memorandum dated May 4, 2011 entitled, “Revised 2011 Provincial Schedule of Pawnshop Briefings and Anti-Money Laundering Act Seminars.” The May 4, 2011 memorandum supersedes the memorandum of April 15, 2011 and thus revises the schedule of briefings and seminars in the following order: DATE [...]
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Posted on September 18, 2009 by filstars
The Philippines jumped 14 spots from 23rd a year ago and now ranked 9th among key emerging markets for global investors in 2009. This is according to a new research published by the UK Trade & Investment. In a statement, British Ambassador to the Philippines Stephen Lillie said that “the global recession was a wake-up [...]
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Posted on January 29, 2009 by filstars
In the wake of an alarming remittance scams that victimizes credit card holders, the Central Bank of the Philippines is directing all banks and other companies engaged in the money-transfer business to adopt stricter remittance procedures. The remittance scam is done using someone else’s credit card by entities falsely claiming to be remittance providers and [...]
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Posted on January 23, 2009 by filstars
Chipmaker Intel Corporation will close its manufacturing plant based in Cavite, Philippines as part of its global restructuring effort. The closure of the Cavite plant will affect 1,800 workers. According to its spokesman, Intel will close two assembly test facilities in Penang, Malaysia and Cavite, Philippines. It will also halt production of its water fabrication [...]
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Posted on January 22, 2009 by filstars
The Philippines posted a consolidated public sector surplus of P23.516 billion from January to September 2008, or 0.4 percent of gross domestic product (GDP), according to a Department of Finance report yesterday. The 2008 surplus is significantly below the posted surplus for the same period in 2007, which was, according to DOF, due to the [...]
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