Tag: bworldonline
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Higher NAIA charges seen to weigh on travel demand
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THE EXPECTED INCREASE in fees at the soon-to-be privatized Ninoy Aquino International Airport (NAIA) could alter travel demand dynamics, potentially impacting passenger volumes and operational margins for airlines operating at the airport, according to analysts.
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Improvements at the Manila International Airport expected by early 2025
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The number of travelers who go through the Manila International Airport (MIA) have grown from 32 million to 50 million per year, according to Department of Transportation (DOTr) Secretary Jaime J. Bautista. “Pag pupunta ka rito sa MIA ay makikita mo na napakacongested. Mahaba ang pila, kung minsan walang maupuan,…
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Cybersecurity, an important investment for businesses’ success
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Recent BusinessWorld Insights looks through best practices for safeguarding businesses in the digital space By Mhicole A. Moral, Special Features and Content Writer As organizations increasingly rely on digital infrastructure, the threat landscape continues to expand, demanding proactive and adaptive strategies to safeguard sensitive data and critical systems. According to…
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Philippine inflation eases to 3.7% in June
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by Luisa Maria Jacinta C. Jocson, Reporter Headline inflation eased to 3.7% in June after four straight months of acceleration due to a slower rise in electricity and transport costs, the Philippine Statistics Authority (PSA) said. The PSA on Thursday reported that the consumer price index (CPI) rose to 3.7%…
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Pioneer Insurance introduces Dog and Cat Insurance to strengthen responsible pet ownership advocacy
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Pioneer Insurance recently launched a pet-friendly product called PetiCash Dog and Cat Insurance to reinforce its support to Filipino fur parents when it comes to pet care. Pioneer Accident & Health — Retail Head Jo-I A. Kapunan said that Pioneer PetiCash Dog and Cat Insurance is the result of the…
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Maintaining the Philippines’ competitiveness as an investment destination
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The Philippines needs to sharpen its competitive edge if it wants to remain a contender as an investment destination. One of the country’s main selling points is its ongoing reforms, but these reforms need to be targeted and strategic. Meaning, these ongoing reforms should be used to address the existing…
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NG debt hits record P15.35 trillion
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THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.35 trillion as of end-May, reflecting the impact of the peso weakness on foreign currency-denominated debt, the Bureau of the Treasury (BTr) said.
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Bad loan ratio soars to near two-year high
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THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio soared to a near two-year high in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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PHL unlikely to breach upper end of growth goal
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THE PHILIPPINES may have difficulty achieving the upper end of the government’s 6-7% gross domestic product (GDP) growth target this year amid expectations of weaker consumption and investment, Fitch Solutions’ unit BMI said. “The economy will find it hard to breach the upper half of the 6-7% growth target which…
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Philippine reliance on coal deepens amid slow transition to green energy
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THE PHILIPPINES continues to depend on coal-fired power as it struggles to implement policies to boost renewable energy capacity, analysts said.