Hopes are high for the total rehabilitation of the Victorias Milling Company in the coming years but the optimism is tempered with due caution, lawyers of VMC said.

Santiago Gabionza Jr., Jessica Anne Lacson and Celina Esther Cua made the statement in their letter to the Philippine Stock Exchange on behalf of their client on February 24, which was released as corporate disclosure by the PSE on March 6.

"Although there is much hope for VMC's rehabilitation in the next years to come, this optimism is tempered with due caution," the lawyers from Villanueva, Gabionza and De Santos said.

Inflation jumps to
8-month high

MANILA - Higher fuel prices and an increase in sales taxes pushed the consumer inflation to an eight-month high of 7.6 percent in February, the National Statistics Office said yesterday.

Inflation rose 6.7 percent in January compared with a year earlier.

The February reading was highest since June 2005 when the consumer price index also rose by 7.6 percent, the NSO said.

NGO forum tackles
women's role in rural dev't

The Center for People's Agricultural Plan for the 21st Century Inc. will hold a forum on rural women at 9 a.m. today at the Tuburan Farm in Mansilingan, Bacolod City, a press release from the group said.

The forum theme is "The Important Role of Women in Rural Development." Expected to attend are about 30 participants from the farmer-partners of PAP 21 from eight barangays and villages in the province.

The resource speaker will be May Almamento of the Bureau of Rural Workers of the Department of Labor and Employment, the press release said.

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