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By Roderick T. dela Cruz
The automotive industry expects a slight growth in sales this year despite the global economic downturn, but prices of vehicles are going up mainly because of the weaker peso.
Govt, oil firms ready for bio-fuel law today
By Alena Mae S. Flores
The Energy Department expects a smooth implementation of the bio-fuels program, which requires a 2-percent biodiesel blend and 10-percent ethanol blend for gasoline, starting today.
Forum Energy plans Cebu coal drilling
Forum Energy Plc, a listed company in the UK, will start coal drilling in Cebu within the first half of the year, according to a disclosure.
TVI raises Canatuan production
By Othel V. Campos
TVI Resources Development Inc., operator of the Canatuan copper project in Zambonga del Norte, is increasing production as much as 1,350 metric tons a day by mid-year to 1,850 MT by yearend to catch up with copper prices in the world market.
Destileria Limtuaco backs single tax rate
By Lawrence Agcaoili
Liquor maker Distileria Limtuaco & Co. Inc., the oldest distillery in the country, is strongly supporting plans to rationalize the country?s excise tax scheme being implemented by the Bureau of Internal Revenue on sin products, especially tobacco and alcohol.
Ernst & Young quells SGV revolt
By Victor C. Agustin
ERNST & YOUNG has stamped down a partners? revolt within SGV, with David Balangue finally accepting the honorary position of chairman of the country?s largest audit firm and relinquishing the managing partner?s position to his erstwhile number two, Cirilo Noel.
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