09 August 2012, Malacañang Palace, Manila. Witnessed by His Excellency, President Benigno S. Aquino, III, the Governments of the Republic of the Philippines and Republic of Korea signed today the US$207.88 million Loan Agreement to support the implementation of the Jalaur River Multipurpose Irrigation Project Phase II of the Department of Agriculture National Irrigation Administration.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) is inviting strategic third party investors (STPIs) to make known their interest to rehabilitate the closed Export & Industry Bank (EIB) until August 15, 2012. Â The PDIC said that the deadline for the submission of requirements by STPIs to pre-qualify and to bid for the rehabilitation of EIB is no later than 5:00p.m. (Manila time) on August 15, 2012.
Read MoreThe Privatization and Management Office (PMO) will hold the August 14, 2012 public bidding for the Food Terminal, Inc. (FTI) 74-Ha Property Privatization at Rooms 2-5, 4th Floor, J.V. Del Rosario Bdlg., AIM Conference Center Manila, Benavidez corner Trassiera Streets, Legaspi Village, Makati City.
Read MoreThe Bureau of Customs (BOC)-RATS Program in its all-out waronsmuggling has once again caused the filing of criminal complaints before the Department of Justice (DOJ) against five (5) traders and two (2)licensed brokers for the unlawful importation of agricultural products such as onions and pecking ducks worth 18 million pesos.
Read MoreA review conducted by the International Monetary Fund (IMF) of the Philippines’ fiscal regime for mining observed that “one indication of low contribution of the mining sector to government revenue is that mining sector’s payments to government as a share of total taxes is less than the mining sector’s share of GDPâ€.
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