NEWSBITS

ABS-CBN buys Lorenzos’ stake in Pilipino Cable for P900 million:
ABS-CBN Broadcasting Corporation has bought the 47 percent equity of the Lorenzo family in Pilipino Cable Corporation, which controls the operations of Sky Cable outside of Metro Manila, for P900 million.:
2 firms to expand corn plantations:
The Land Bank of the Philippines (LBP) has received inquiries from the Limketkai Group and Cornworld for funding integrated corn facilities amid a food crisis that’s prompting companies to boost cost efficiencies.
Chemrez pays P160-M cash dividends:
Chemrez Technologies Inc., the country’s leading producer of biopetroleum, resins, oleochemicals, and powder coatings, announced that its board of directors has approved the declaration of a cash dividend amounting to P160 million.
Standard pushed for cocoa exports:
The Cocoa Foundation of the Philippines (CFP) is pushing for a Philippine National Standard (PNS) on cocoa to help boost the country’s production to more than 200,000 metric tons (MT) worth 0 million.
Business and Society:
During these months of my sabbatical in Spain, I found it necessary for time to time to tell new acquaintances "No soy chinito" (I am not a Chinese). In the same manner that many Filipinos would call all white people they meet "Americano" or "Kastila," many Spaniards tend to consider all Asians Chinese.
P/$ stands at P44.41/$ 1:
The peso exchange rate closed at P44.41 to the US dollar last Friday at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P44.362.