World Bank team arrives in Peking

Title

Language

English

Source

Business Day XIV (99) July 15, 1980

Year

1980

Subject

World bank

Finance -- China

Rights

In Copyright - Educational Use Permitted

Fulltext

Tuesday, July 15, 1980 Business Day Page 11 New Corporations Date of Registration, February 8-15, 1980 Name of Corporation Officer^Address_____ Line of Business Capitalization Digital finalizing talks World on S’pore computer plant fo^ecr°P SPM INSTITUTE OF HOTEL ADMINISTRATION Pelagio Banlawi Towers Hotel, A. Mabini Ermita, Metro Manila SPARTAN SERVICES CORP ORATION Rodolfo Mendoza Lots 36-38 M. Moran St. , Makati, Metro Manila SERVICES private education sanitary and similar services 500,000 a 200,000 s 50,000 p 2,000,000 a 400,000 s 100,000 p FAITH MULTI-SERVICES MAN AGEMENT CORPORATION Vicente Acsay, Sr. 52 Hyacinth St., Quezon City Metro Manila sanitary & similar, services 100,000 a 25,000 s 25,000 p SINGAPORE (AFP) — The world’s No. 1 minicomputer maker, America’s Digital Equipm ent Corporation (DEC), is finalizing nego tiations which would give Singapore its first com puter manufacturing plant, it was reported here. Although both the company and the Singa pore government have indicated that nothing has yet been finalized, in dications are that if all goes well initial product ion of computer equip ment and parts could begin at the end of this year. The Business Times quoted sources as saying the American company was planning phased in vestment of up to S$30 million (US$14.25 milNEGOTIATIONS. Cur rent negotiations on set ting up the Singapore plant, which has full Singapore government backing as it falls within its list of priority indus tries, could be wound up within two or three months, said the sources. The local company would be registered as a subsidiary of the DEC Group’s Swiss manufac turing arm, Digital Equipment International. The DEC Group has manufacturing plant in the US, Europe, Canada, Hong Kong and Taiwan. Although the details of the size and scope of the Singapore project have yet to be finalized, the local plant would be export-oriented, playing a major role in comple menting the rest of the group’s manufacturing facilities. DEC regional exec utives from Hong Kong, in Singapore to negotiate investment terms with the economic develop ment board, insist on keeping their plans secret, said Business Times. BSM CUISINE INTERNATIONALE, INC. c/o Alberto Baretto III 2382 Mabolo St., Dasmarifias VIII. Makati, Metro Manila restaurant/cafes & other eating and drinking places 5,000,000 a 1,000,000 s 250,000 p New laws on joint ventures in China may be ok’d soon DRILLTECH, INCORPORATED c/o Rogelio Reyes 13 Mariposa St., Quezon City Metro Manila professional business services 1,000,000 a 200,000 s 50,000 p PHILIPPINE WORLD BUSINESS MEDIA, INC. Victor Unson Rm. 517 Federation Center Bldg. Muelle Binondo, Metro Manila printing/publishing & allied industries 3,000,000 a 600,000 s 150,000 p GENERAL HEALTH SERVICES AND - SUPPLIES CORPORATION (GHSSC) private medical/ Ciriaco Reyes, Jr. dental companies Abad Santos St., San Juna, Metro Manila 2,000,000 a 600,000 s 150,000 p TOKYO (Reuter) - Further laws on joint ventures in China could be enacted at the next National People’s Con gress in August and Sept ember, Harvard Univer sity professor Jerome Cohen said. Cohen, speaking' on the present- state and prospects for Chineseforeign joint ventures said the proposed laws would cover corporate tax, personal income tax, foreign exchange control and corporate organization. He said there is grow ing recognition in China that if joint ventures with outside interests were to be increased Lien certain recognized basic conditions would also have to be accepted. Cohen, a consultant for foreign businessmen operating in China and for the Chinese govern ment, said he expected patent and trade-mark re gistration laws to be preUnder the joint venture code, adopted by the National People’s Congress July 1, 1979, foreign companies, enter prises, other economic entities or individuals are permitted to incorporate themselves as limited liability companies into joint ventures “with Chinese companies, enterprises or other eco nomic entities” inside China. According to the code, minimum foreign participation cannot in general be less than 25%. FILIPINAS-GLOBAL MULTI SERVICES, INC. Rodolfo Tan Cardoso 131-C Kamias Road, Quezon City Metro Manila business services 4,000,000 a 800,000 s 200,000 p GINES SORIANO COMMERCIAL CORP. Gines Soriano Bricktown Shopping Galleries , MCC, Makati,.Metro Manila studio & related services PREMIUM FEEDS MANUFACTURING CORPORATION agricultural services c/o Jorge Hipolito Chin 25 Nangka Road, Malabon, Metro Manila BIG MOUTH MULTI-COMPLEX CORPORATION Ramon Ong 1778 Rizal Ave. Extension Caloocan City, Metro Manila restaurant/cafes & other eating and drinking places PROMOGROUP & RESEARCH, INC. Ver dela Cerna advertising services 6th Floor, Regina Buildirig cor. Trasierra & Agulre St., Legaspi Vill. Makati, Metro Manila SORI AMONT STEMSIP AGENCIES, INC. A. Soriano Corporation services allied to 8776 Paseo de Roxas, Makati, transport Metro Manila DOMUS MAINTENANCE SERVICES. INC. Antonio Bosch Rm. 222 Rufino Bldg., Ayala Ave. Makati, Metro Manila AL-MUSADDIG DEVELOPMENT CORPORATION Manuel Tiuseco 1240 Batangas St., Sta Cruz, Metro Manila B.M. SANTOS, JR. CHECKERS AGENCY, INC. Benjamin Santos, Jr. 122 13th Street, Port Area Metro Manila sanitary & similar services 50,000 a 10,000 s 2,500 p business services 500,000 a 200,000 s 150,000 p services allied to transport 300,000 a 60,000 s 15,000 p ORIENT PROMOTING & PLACEMENT, INC. Ariel Mercado Rm. 304 FUB Building, Escolta Metro Manila business services TANGLAW MANAGEMENT CORPORATION Alex Reyes, Jr. 1005 Quirino Highway, Novaliches Quezon City, Metro Manila business services GOURMET PLAZA, INC. Lydia Agoncillo restaurant/cafe 806 Pasay Road, Makati, Metro Manila 100,000 a 20,000 s 5,000 p 2,000,000 a 400,000 s 100,000 p 100,000 a 20,000 s 20,000 p 5,000,000 a 1,000,000 s 1,000,000 p 1,000,000 a 560,000 s 154,000 p 200,000 a 40,000 s 20,000 p REMEDIOS AGRICULTURAL DEV. 3,000,000 a 600,000 s 150,000 p CO., INC. agricultural 200,000 a Igmidio Dakanay, Jr. services 40,000 s 8861-C Sampaloc St., San Antonio Vill. Makati, Metro Manila 10,000 p DIMERCO INTERNATIONAL PHILIPPINES, INC. business 2,500,000 a 500,000 s Dionisio Lee services Ding Velayo Sports Center Domestic Airport Road, Pasay City Metro Manila 125,000 s R. V. MARZAN INTERNATIONAL BROKERAGE, INC. services allied 200,000 a Ramon Marzan transport 200,000 s 23rd Chicago St., Port Area Metro Manila 100,000 p COMMERCE OFFSHORE SUPPLY & SERVICES CORPORATION dealing of machinery 200,000 a c/o Annabel Rosete Tan & equipment including 40,000 s 40,000 p 10 Tirad Pass St., Quezon City Metro Manila PUERTO PRINCESA DRUG transport equipment CORPORATION dealing of minerals/ 1,000,000 g Gonzalo Escalona metals & industrial 250,000 s Valencia St., Puerto Princesa City chemicals 250,000 p Y-L FINANCE CORPORATION non-bank financial 10,000,000 a Nita Yupangco intermediaries 2,000,000 s 339 Buendia Ave. Ext. cor. Reposo Makati, Metro Manila 2,000,000 p ARMO HOLDINGS (PHIL.), INC. non-bank financial 400,000 a Louis Romualdez intermediaries 100,000 s 14 Don Jose St., Cubao Quezon City, Metro Manila 100,000 p FIRST AMBASSADOR LIFE INSURANCE AGENCY, INC. other insurance 500,000 a Roberto Dacanay activities 500,000 s 886 Quirino Highway, Novaliches Quezon City, Metro Manila 35,000 p COLLEGE ASSURANCE PLAN PHILIPPINES, INC. non-bank financial 10,000,000 a Marsh Thomson intermediaries 2,220,000 s 638 Philbanking Bldg., Ayala Ave. Makati, Metro Manila ' (with American equity) 570,000 p NORTH EAST FRONTIER other insurance 500,000 a INSURANCE AGENCIES, INC. activities 240,000 s Rolando Geotina Surigao City 60,000 p a — Authorized; s — Subscribed; p-- Paidup. Source: Securities and Exchange Commission this year WASHINGTON (AFP) — The world grain harvest will be 4% up this year on last year, but the harvest of oil-bearing grain will be markedly down, according to latest estimates from the US agricultural department. The estimate indi cated a Soviet harvest of between 200 and 225 million tons — and most probably about 215 mil lion tons — against an official Soviet target of 235 million tons. The Soviet harvest last year totaled 79 million tons and in 1978 a re cord 237 million tons. Without referring directly to the US grain embargo against the USSR in retaliation for the Soviet intervention in Afghanistan, the report said that because of limited grain imports, the growth of Soviet live stock between January and May was the lowest for seven years, and that meat production was 6% down on the same period last year. SOVIET IMPORTS. The department estimated the Soviet Union would have to import about 30 million tons of grain next year, about the same amount as this year. This continued high level of imports was because the Soviet Union would have to rebuild seriously de pleted stocks, the depart ment forecast. Harvests in East and West 'Etirbp'e' were ex pected to be up this year, but down in North America. World output was expected to reach 1.580 billion metric tons against 1.520 billion last year. World Bank team arrives in Peking HONG KONG, July 14 (AFP) - A World Bank delegation arrived in Peking Sunday for a two-week stay to study China’s economic con ditions and discuss pros pects of cooperation be tween China and the World Bank. The visit was arranged while president of the World Bank, Robert S. McNamara was in China last April, the New China News Agency (NCNA) reported. The World Bank for mally adopted a resolu tion on restoring the re presentation of China in the World Bank on May 15, 1980. Turkey devalues ANKARA, July 14 (Reuter) — Turkey has devalued its lira by up to 3% against major curren cies, except the dollar, the state radio an nounced last night. It said the new rates will be officially listed and become effective today. The devaluation was apparently aimed at eli minating cross-rate dif ferentials caused by fluc tuations of the dollar. The lira has been de valued about, orice a month this year.

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