Business

Philippines sardine industry faces crisis

ZAMBOANGA CITY?If a sample of people was asked to identify one local product that cuts across all socio-cultural groups in the Philippines, canned sardines would most likely be on the top of everyone?s list. Practically all Filipinos?from the health-conscious, laptop wielding yuppies in Makati, to the robust middle-class segment of Cebu, to the low-income families in Surigao?love sardines because of their rich flavor, affordable cost and nutritional value.
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Philippines, Vietnam favorite investment sites in Asia — Nikkei Weekly

TOKYO, Japan ? The Philippines, along with Vietnam, is a new favorite investment site in Asia, according to the prestigious Nikkei Weekly, the flagship publication of Nikkei Inc. and the primary source of business information for top executives and decision-makers here.
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Philippines: New air service renews Zambo-Sandakan link

ZAMBOANGA CITY–A new air service is renewing Mindanao’s direct link to its
neighboring areas in the East ASEAN Growth Area (EAGA) with Asian Spirit now
flying the Zamboanga-Sandakan route, bringing in more opportunities for
closer trade, tourism and investment ties between the Philippines and
Malaysia.
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Mining investments in Philippines to reach $348 million in ?07

MANILA — Environment Secretary Angelo Reyes sees brighter prospects for the mining industry this year with investments projected to reach $348 million.

Reyes said the expansion of the HPAL facility in Coral Bay in Palawan would bring in a$154 million, the continuing rehabilitation of the Carmen copper project in Cebu would bring in $97 million, and a gold project in Masbate, $36 million.
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