Century eyes return to beverage business

FOOD PROCESSOR Century Pacific Group plans to return to the beverage business this year, a top company official said on Friday last week.

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San Miguel Brewery debt keeps grade

LOCAL DEBT WATCHER Philippine Ratings Services Corp. (PhilRatings) has affirmed the highest grade for San Miguel Brewery, Inc.’s multibillion-peso worth of bonds issued in 2009, the credit rater said in a statement over the weekend.

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Shell proceeds to design stage of planned LNG facility

PILIPINAS SHELL Petroleum Corp., a unit of London-based Royal Dutch Shell PLC, has taken the next step in its plan to build a liquefied natural gas (LNG) import terminal in waters off Batangas by proceeding with the facility’s engineering and design study, the company said in a statement on Saturday.

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Manufacturing map out this month

THE LONG-AWAITED manufacturing road map is expected to be released this month as the government is finalizing the master plan, the Philippine Institute for Development Studies (PIDS) and Philippine Exporters’ Confederation (PhilExport) said.

View the original article: http://www.bworldonline.com/content.php?section=Economy&title=Manufacturing-map-out-this-month&id=72624



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Open access ‘good so far’

THE COMMERCIAL implementation of retail competition and open access (RCOA), which began June 26, is off to a good start, based on feedback as the Energy department received from initial customers.

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Updating your accounting for employee benefits

IN JUNE 2011, the International Accounting Standards Board (IASB) issued amendments to IAS 19 Employee Benefits. These amendments were subsequently adopted by the Philippine Securities and Exchange Commission as amendments to PAS 19, Employee Benefits. Companies are required to apply the revised standard for annual periods beginning on or after Jan. 1, 2013, with retrospective application.

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Strong demand to push T-bill rates lower

STRONG INVESTOR appetite for Treasury bills up for auction today could push down rates of the debt papers against their yields at the secondary market.

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