Tag: bworldonline
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Inflation may ease in 2nd half — NEDA
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HEADLINE INFLATION may start easing in the second half of the year as pressure on food prices subsides after the El Niño weather event ends, the National Economic and Development Authority (NEDA) chief said. “In the second half of this year, we expect the pressure from food prices to diminish,…
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Marcos eyes solar-powered post-harvest facilities
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PHILIPPINE PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said the government would set up solar-powered cold storage and other post-harvest facilities southwest of Luzon to help boost farmers’ income after seeking to remove non-tariff barriers to agricultural imports amid rising food prices. “We will put up new cold storages with…
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Manila jumps five spots in Global Green Finance Index
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MANILA moved up five spots in the latest ranking of financial centers based on their green finance performance, according to London-based think tank Z/Yen Group. In the 13th edition of the Global Green Finance Index (GGFI), Manila ranked 69th out of 96 financial centers. This was better than its 74th…
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SMIC, SM Prime to create maiden $3-B notes program
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SM Investments Corp. (SMIC) and its property unit SM Prime Holdings Inc. are tapping the overseas market through a maiden $3-billion euro medium-term note (EMTN) program, the largest issuance of its kind by a Philippine company, company officials said on Tuesday. The funds will help the company’s future requirements, SMIC…
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PHL vehicle sales growth slows in March
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By Justine Irish D. Tabile, Reporter PHILIPPINE AUTOMOTIVE sales rose by 1.6% to 37,474 units in March, the slowest in over two years amid elevated interest rates, an industry report showed. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA)…
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PEZA approves P15-B investments in April
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THE PHILIPPINE Economic Zone Authority (PEZA) approved 23 projects worth P15 billion, mostly in manufacturing, at its board meeting last week, its top official said. Of the 23 projects, eight were in manufacturing while six were in information technology and business process management (IT-BPM). The board also greenlit six economic…
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Aboitiz InfraCapital budgets P26B for projects this year
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ABOITIZ InfraCapital, Inc. announced on Monday that it is setting aside P26 billion for its capital expenditure (capex) budget this year to fund the company’s economic estate development and other expansion projects. These funds will be used for the company’s economic estate development and other expansion projects, said Jose Emmanuel…
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Philippines’ January external debt service more than doubles
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THE PHILIPPINES’ external debt payments more than doubled in January as principal payments surged, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s external debt service burden soared by 110% to $1.729 billion from $823 million a year ago. The debt service…
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Inflation uptick unlikely in April, says NEDA official
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HEADLINE INFLATION is unlikely to accelerate in April amid the harvest season, although risks from the El Niño dry spell remain, a National Economic and Development Authority (NEDA) official said on Monday. “We’re hoping that it (inflation) will be good because we’re already harvesting,” NEDA Undersecretary Rosemarie G. Edillon told…
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PSE eyeing to finish PDS takeover this year
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THE Philippine Stock Exchange (PSE) said it is hoping to finalize the planned takeover of the Philippine Dealing System Holdings Corp. (PDS) within the year. “I hope it could be closed by this year. This is not complicated. We will only talk to a few shareholders,” PSE President and Chief…