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 III, NO. 04 Jan. 23 - Jan. 29, 2012

• IBP finds no proof of graft after Day 7
  of impeachment trial...

• Bond sale raises $1.5Bn for PH

• Reforms off to a slow start

• Imports growth slumps to just 0.6%

• Power discounts for ecozone firms extended

CORPORATE BRIEFS

TVI Resource Development Philippines, Inc. (TVIRD) has won an injunction against a Zamboanga del Norte ordinance banning open-pit mining in the province, a development the firm welcomed as a “first step” in a legal battle against the local government…TVIRD, a unit of Canada’s TVI Pacific, Inc., said in a statement that its November 2011 petition for relief had been approved by the Dipolog City Regional Trial Court, which said the firm held a valid contract for its Canatuan copper and zinc mine and would suffer “grave and irreparable damage and injury” if forced to halt operations…

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