An ordinance requiring all business and commercial establishments in Bacolod City applying for 2008 business permits to secure pre-numbered registration plates was approved by the Bacolod Sangguniang Panlungsod Friday.

The ordinance proposed by Councilor Al Victor Espino said that the pre-numbered plates and dated stickers that will be required of all business and commercial establishments in Bacolod City will be displayed in conspicuous places in his or her place of business.

The plate and sticker will be accompanied by the printed business card or permit issued by the Permits and Lincensing Division, it said.

PSE posts 5 new
records in 2007

The Philippine Stock Exchange posted at least five new stock market records this year amid challenges faced by the market.

Francis Lim, PSE president and chief executive officer, said in a press statement the market's sustained growth raised the year-end level of the main index, market capitalization, value turnover and proceeds from capital-raising activities.

The PSEi, the main barometer of local stock price movements, jumped 21.4 percent to 3,621.6 points at the end of 2007 from 2,982.54 in 2006 to record the index's highest year-end closing level.

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