KapitBisig.com Philippines

Manila, Philippines — The country’s seven largest conglomerates are investing close to P200 billion for capital expenditures this year in a massive show of confidence in the local economy.

The seven groups are led by flagships First Pacific/Metro Pacific Investments Corporation, Ayala Corporation, JG Summit Holdings, SM Investments Corporation, San Miguel Corporation, Lopez Holdings Corporation, and Aboitiz Equity Ventures.

Full Story (mb.com.ph)

Malacañang yesterday said Interior Secretary Jesse Robredo, Environment Secretary Ramon Paje and Labor Secretary Rosalinda Baldoz were all appointed in an acting capacity so they would not have to be confirmed by the Commission on Appointments (CA).

Full Story (http://www.philstar.com)

KUALA LUMPUR, Malaysia (AFP) – Malaysia's once-vaunted biofuel industry has had production grind to a halt since a March announcement that the government's mandatory switch to the green energy would be delayed to June, 2011.

Malaysia had ambitions to become a global leader in biodiesel and unveiled grand plans for the industry as the price of crude oil spiraled, peaking in mid-2008.

However, the future of the alternative fuels is now in question given cheaper crude prices and the higher cost of Malaysia's palm oil.

Full Story (mb.com.ph)