Philippines will play host to a Biofuel forum that will be attended by South East Asian nations. To be held on April 23 to 25 at the Dusit Thani Hotel in Makati. The theme of the forum is entitled: “Unravelling the Policy Issues and Development Challenges on Biofuels”.
The event is hosted by the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARGA) who are headquartered at Los Baños.
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Chemrez reported a whopping profit of P480.6M, which is a five fold increase from last owing to:
Record performance of the Philippine economy in 2007 and the implementation of the mandated one-percent biodiesel blend under the Biofuels Act of 2006.
The Correspondents featured this evening a documentary on the Philippine Coconut Leaf Beetle (Scientific Name : Brontispa longgissima) which is plaguing select parts of the country and is threatening the coconut production of the Philippines (about $700 Million exported yearly.) The Philippine Coconut Authority(PCA) is the lead agency of the Philippines which is battling to contain the infestation.
An infested coconut can be easily diagnosed to be infested by the presence of dry leaves in the center mass of the coconut tree which is where the beetles are massing (Young fronds/leaves appear damaged resulting from the feeding of Brontispa and Young fronds appear brownish while the outer older fronds might still be green - the opposite of the normal, in which the inner younger fronds are green while the outer older fronds are brown)
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Say that again? 500%! or 572% if you want to penny pinch the final figures. So I was right in saying that the stock market price of the company was not a good barometer of the true value of the company. It was around mid August that the price of the stock went below the P4/share mark. Chemrez initiated a Stock buy back in August and come October there was vindication as the company stock price hit 4.75 yesterday and looks like it is well on its way to breach P5/share.
Its quite obvious from this blog that I am a biofuel fanboy huh?
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