Sugar Regulatory Administrator Ma. Regina Martin yesterday said for the week ending of October 5, there was a marked increase in withdrawal of raw sugar.
Historically, based on SRA data around all saints/souls day, there is an observed increase in domestic demand for sugar in conjunction with this important religious celebration, she said.
There is an increase in mill site price of “B (domestic market)” sugar from P1,493.80 for week ending September 28, to P1,516.27 as of week ending October 5, she added.
Peso slides to P44.77
MANILA -- The Philippine peso ended the week at P44.77 against a U.S. dollar.
This is weaker than Thursday's P44.63, in which the local unit slipped by 0.14 centavos.
It opened the day weaker at 44.77 from previous day's 44.63-level.
Peso traded between 44.72 and 44.78, bringing the average level for yesterday at 44.75.
Game dev’t could follow
BPO's success – Aquino
MANILA -- Senator Bam Aquino said he believes the local game development industry could duplicate, if not surpass, the success of the country's business process outsourcing industry in terms of job generation.
"The local game development industry is where the BPO industry was maybe 10 to 15 years ago," Aquino said during the Philippine Game Festival yesterday at SMX in Pasay City.
"There is a big potential to create high-quality, high-paying jobs for creative and innovative Filipinos."