Business World Update
THE AGRICULTURE department has assumed the worst case scenario for crop production in the first half due to the ongoing dry spell, involving a 10% drop from the same period in 2009.
THE COUNTRY’S balance of payments (BoP) posted a surplus of $1.233 billion in January, the highest in a year but still a drop from the same month in 2009, data released yesterday by the Bangko Sentral ng Pilipinas (BSP) showed.
A FOREIGN private equity firm has infused $50 million into Integreon Philippines, an Ayala-led outsourcing outfit, to help the latter expand its operations.
THE ONLINE gaming unit of listed information technology firm IPVG Corp. plans to conduct an initial public offering (IPO) in the second half of the year to raise fresh funds for expansion.
