Companies

By Riza Lozada The government and the mining industry were encouraged to adopt international standards in revenue-sharing on mining operations to avoid the prevalence of disputes among players in the local mining industry.

The National Food Authority (NFA) approved on September 17 the awarding of contract for the supply of 750,000 metric tons (MT) of long-grain white rice 25 percent brokens to Thailand and Vietnam, based on the results of the government-to-government procurement.

The country’s foreign debt reached $75 billion at the end of the second quarter of this year, $3.6 billion lower than $78.6 billion during the same quarter last year, Bangko Sentral ng Pilipinas (BSP) data showed.

Publicly listed 8990 Holdings Inc. spearheaded the forming of a research center aimed at gathering data on the industry to help the government and the private sector ease the problem of lack of shelter in the country. 

Broadcasting giant ABS-CBN said several online sites illegally providing ABS-CBN TV shows and movies have been barred after it received several preliminary injunctions in the US Federal District Court against 44 sites. 

By Jerry Maglunog Small and medium enterprises (SMEs) are the main cogs of the economy, as 94 percent of local firms are classified under this category. 

By Riza Lozada European trade experts will visit the country to present investment options and business conditions in three rising Association of Southeast Asian Nations (Asean) members, the European Chamber of Commerce of the Philippines (ECCP) said. 

The Philippine Stock Exchange Inc. (PSE) said it has strengthened its technology systems and business continuity processes to prevent a repeat of the glitch that resulted in the disruption of trade on two consecutive days. 

The Manila International Container Terminal (MICT) in the Port of Manila has started implementing a vehicle appointment system called Terminal Appointment Booking System (TABS) for selected user groups. 

By Lito U. Gagni  Shandong, China—Liwayway China Co. Ltd , part of the Oishi business empire, has invested $20 million in a new factory here in a bold marketing move that has characterized the company’s presence in China where it has flourished, earning the coveted Shanghai and China Famous brands.