News in Brief

Beginning of article

Peso rate at P43.981

The peso reference rate remains at P43.981 to the U.S. dollar, the weighted average rate pegged at the Philippine Dealing System of the Bankers Association of the Philippines last Friday.

PEZA investment up 87%

Investments registered with the Philippine Economic Zone Authority in the first six months rose 87 percent year-on-year, Finance Secretary Jose Pardo said. "According to the latest reports from the Philippine (Economic) Zone Authority, investments increased by 87 percent as of end June. New investment commitments in Clark also reached over P2 billion over the same period," Pardo said in a statement. He said the country's …