Victorias Milling Company Inc. has confirmed with the Philippine Stock Exchange the possible sale of some its assets, including Victorias Foods Corp., and the initial exploratory talks with prospective local buyers.

VMC president Abelardo Bugay made the confirmation in his letter to PSE senior vice president Jurisita Quintos dated Feb. 8, 2006. Bugay signed the letter with compliance and information officer Eva Vicencio-Rodriguez.

The sale of some of VMC's assets is seen to improve its financial position, chairman Omar Byron Mier said in a report, and that they expect to post a profit in two to three years.

Stop trying to bring down price
of sugar, leader appeals to SRA

"Please stop trying to bring down the price of sugar in the open market by raising the bogey of importation and hoarding," a sugar leader appealed to Sugar Regulatory Administrator James Ledesma yesterday.

The government plan to import sugar and to go after sugar hoarders has enabled traders to buy the sugar of producers at prices lower than that dictated by market forces under a free enterprise, Arsenio Al. Acuña, president of the Negros del Norte Planters Association Inc., said in a letter to Ledesma.

SRA chairman James Ledesma said in response that he is not against high prices, what he is against are manipulated prices, which he thinks has been corrected at indicated by last week's buying.

USLS job fair set

The University of St. La Salle through its Job Placement Office will hold its 10th Job Fair on Feb. 17, 8:30 a.m. to noon, at the USLS Coliseum, a press release from the school said.

The job fair aims to provide the business and industry sectors the venue to conduct simultaneous recruitment for their personnel requirements. It will also be an opportunity for USLS graduates to submit their resumés to participating companies.

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