News in Brief


P/$ rate at P54.16 to $1

The peso rate closed at P54.16 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P54.332.

Civil registrars prodded on ID

The cooperation of the countrys civil registrars is crucial to the successful implementation of a unified, multipurpose ID system, as mandated under Executive Order (EO) 420 issued on April 13, 2005. "Civil registration agents have now realized the supreme value of civil registration work, that of promoting the right of every Filipino to a name and nationality," said Socioeconomic Planning Secretary Romulo L. Neri. Speaking before participants to the 8th National Convention of the Philippine Association of Civil Registrars at the Manila Hotel, Neri said the value of cooperation can never be overemphasized. "Our efforts to improve our civil registration system can only succeed through stronger partnerships and the building of alliances with our partner agencies that share the same goals." Sec. Neri emphasized the need for a closer coordination between the National Statistics Office (NSO) and the city and municipal registrars. "We must work together to cleanse our civil registry records and make sure our records are totally accurate and updated," he said. "If we successfully cleanse our civil registry records, we can then consider whether or not our local registrars can themselves issue certified birth certificates and other similar documents." The NSO is highly dependent upon the speedy transmission of information by the local registrars. "If the transmission of data to the NSO is not fast enough, the quality of service of the NSO is naturally affected."

MIT may take fixed PPI plans

The Mapua Institute of Technology, the education arm of the Yuchengco Group, is studying the possibility of accepting fixed value plans of Pacific Plans, Inc. to pay for tuition fees of beneficiaries for the next school year. The plan, if ever it materializes, will be finalized only depending on the results of the petition filed by Pacific Plans Inc. for corporate rehabilitation before a Makati court and upon the facilities which are currently being negotiated to provide a liquidity window for those who wish to encash earlier for open-ended educational plans. PPI continues, meanwhile, to service the tuition support requirements of its clients for the current school year at Hall A, Philippine Trade Training Center along Roxas Boulevard corner Sen. Gil J. Puyat Ave. in Pasay City.

BoC asked to resolve dispute

The Export Development Council (EDC) has asked the Bureau of Customs to resolve a dispute between exporters in Gen. …

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