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Article: NEWS IN BRIEF; P/$ rate closes at P54.155 to $1.(Business)
- Article from:
- Manila Bulletin
- Article date:
- December 3, 2005
CopyrightCOPYRIGHT 2005 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peso rate closed higher at P54.155 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.22 the previous day. The weighted average rate depreciated to P54.222 from P54.198. Total volume amounted to $497.2 million.
NDC gets P21-M dividends
The National Development Company (NDC) received cash dividends amounting to P21.2 million from its investments in Asean Bintulu Fertilizer Sdn Bhd. of Malaysia and P6 million from its investments in Manila Exposition Complex, Inc. (MECI). NDC general manager Arthur N. Aguilar explained that Asean Bintulu, established in 1978, is Malaysiaas participation ...