MANILA – The Philippine peso gained strength as it closed at 42.87 against the US dollar, or 20.5 centavos stronger than the 43.075 yesterday, on back of positive news from Greece.
The local currency opened at 43 to a dollar, weaker than day-ago’s 42.75 level and also its lowest level for the day. But it rose to as much as 42.85.
The local unit averaged at 42.919 Tuesday, better than the 42.946 a day ago.
OTOP food makers
Ten food producers of One Town, One Product are being assisted by the Department of Trade and Industry in their product packaging and labeling to improve their marketability and branding.
Engiemar Tupas of Department of Trade and Industry in Negros Occidental, yesterday said they need to provide technical assistance to food producers to help reduces losses, and increase their market.
Tupas said most food producers do not consider the safety and shelf life of their products and most of them have no knowledge of the appropriate materials to use.
New travel agency launched
Kyoken Travel & Tours recently opened in Bacolod City with Mayor Evelio Leonardia present, a press release from the firm said.
The company owned and operated by April Mendoza Kitagawa has an authorized ticketing office at Door No. 2, Eusebio Arcade, Lacson Street, Bacolod, the press release said.
Leonardia said he is sure that Kitagawa’s business is going to contribute to make the city’s tourism system more sophisticated and more convenient.