Philippine Weekly Update

Is a 4-page report e-mailed or faxed to members every Monday morning.
The PWU covers all the key issues of the previous week, plus any recently released economic indicators. With the rapid changes that are occurring the PWU helps to bring it all  into focus and to alert you to events and issues that chief executives should be aware of.

VOLUME I, NO. 09 Mar. 01 - 07, 2010

• Mendoza appointed Executive secretary; 5 others join Cabinet

• RP to pay 0.75% annual fee for Samurai bond

• Private sector to handle additional rice imports

• OFW inflows seen to grow 9% this year

• Mindanao power shortage worsens

CORPORATE BRIEFS

EEI Corp.’s joint venture firm in Saudi Arabia has bagged a $140.9-million contract for the construction of the central processing facilities of Saudi Arabian Oil Co. (Saudi Aramco)…in its disclosure to the Philippine Stock Exchange, EEI said its 49% owned joint venture firm, Al Rushaid Construction Co. Ltd. (ARCC), was awarded a subcontract package, which involves the construction of the facilities in Manifa, Saudi Arabia…a wind energy firm has opened an information technology (IT) hub in the Philippines to meet the support and maintenance needs of Asia-Pacific clients…

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