Tag: bworldonline
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PHL consumer demand seen to remain muted
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DOMESTIC DEMAND in the Philippines and other emerging Asian economies is expected to remain muted amid a high interest rate environment, S&P Global Ratings said. “Consumer demand is more subdued in the Philippines with elevated interest rates (with the policy rate at 6.5%) and weak consumer confidence,” S&P said in…
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TV5 brings Muhlach family to bakery-centered sitcom
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STARRING the Muhlach showbiz family — namely Aga Muhlach, wife Charlene Gonzalez, and their children Atasha and Andres — as the Persival family that owns a bakery, TV5’s Da Pers Family aims to introduce their collective star power in the beloved sitcom format. “Masaya ako na mapapanod ng bagong henerasyon…
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SMC, ACEN units advance in Meralco RE supply bid
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THE UNITS of San Miguel Corp. (SMC) and ACEN Corp. will undergo post-qualification evaluation after Manila Electric Co. (Meralco) identified their bids as the most competitive for a 500-megawatt (MW) renewable energy (RE) supply contract. San Roque Hydropower, Inc. (SRHI), Gigasol3, Inc., and Santa Cruz Solar Energy, Inc. (SCSEI) submitted…
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SEC to share corporate data with BIR
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THE SECURITIES and Exchange Commission (SEC) will start sharing its data with the Bureau of Internal Revenue (BIR) to help the government improve tax collections. The SEC signed a memorandum of agreement on data sharing with the BIR, which will allow the latter to access documents needed for tax assessments…
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Marikina shoe designer conducts workshops for Local Shoemakers
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Marikina, renowned for its rich shoemaking heritage, faces threats due to the declining interest of locals and the aftermath of the COVID-19 pandemic impacting the industry. “Shoe industry in Marikina as of the moment… it’s a very dying art, most of the artisans are not getting any younger, they are…
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BSP may impose up to P1-M fine for violations of foreign exchange rules
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THE BANGKO Sentral ng Pilipinas (BSP) has approved amendments to the reporting guidelines for foreign exchange (FX) transactions, including the imposition of fines up to P1 million for policy violations. “The Monetary Board has approved further amendments to FX regulations to allow the BSP to gather more accurate and relevant…
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ADB keeps PHL growth forecasts unchanged
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THE ASIAN Development Bank (ADB) kept Philippine economic growth forecasts for this year and in 2025 unchanged as expected monetary easing will likely lift investments and consumption. In its latest Asian Development Outlook, the multilateral lender said it expects Philippine gross domestic product (GDP) to grow by 6% this year,…
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PEZA still confident it can meet P200-B investment goal
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THE PHILIPPINE Economic Zone Authority (PEZA) is still hopeful it could approve at least P200 billion worth of investments this year, despite the steep drop seen in the first half. The statement comes after the investment promotion agency (IPA) reported a 43.6% decline in approved investments to P45.48 billion in…
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CEB board OKs restructuring plan following Airbus commitment
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CEBU Air, Inc. (CEB), operator of budget carrier Cebu Pacific, announced on Wednesday its board’s approval of a restructuring plan to use the company’s paid-in capital of P20.66 billion to address its earnings deficit. This follows the company’s commitment to purchase up to 152 A321 new engine option (NEO) aircraft…
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Every sTEP counts: The E-Waste Project’s 12th year in environmental service
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With ever-advancing technology come the mounting piles of waste thrown out for each electronic upgrade we buy. Electronic waste (e-waste) has increasingly grown at an alarming rate reaching thrice the world’s population growth as of 2014, and presumably even higher with a decade gone by. E-waste refers to obsolete or…