Tag: bworldonline
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BoI says investment approvals may hit P1.6T this year
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APPROVED investment pledges may hit P1.6 trillion this year, amid expectations of higher inflows of foreign direct investments (FDIs) and the pipeline of green lane-endorsed projects, a Trade official said. Board of Investments (BoI) Managing Head and Trade Undersecretary Ceferino S. Rodolfo said the positive outlook stems from the central…
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NexGen Energy stock price climbs 1.8% following market debut
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NEXGEN Energy Corp., a newly listed renewable energy (RE) company, saw its stocks rise by 1.79% or three centavos to P1.71 per share following its market debut on Tuesday, exceeding its initial price of P1.68 each.
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Fastest in five months: Cash remittances jump by 3.6% in May — BSP
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MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.6% in May, its fastest pace in five months, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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NG’s use of GOCCs’ excess funds flagged
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BUDGET ANALYSTS on Monday flagged the National Government (NG) for diverting excess funds from state-owned companies, noting that the move may compromise their services while the funds may likely be used by politicians as the 2025 polls near.
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Meralco rates up by P2 per kWh in July as power costs ‘normalize’
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HOUSEHOLDS SERVED by Manila Electric Co. (Meralco) will face higher power bills this month as rates go up by more than P2 per kilowatt-hour (kWh) due to a normalization in power costs.
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A one-stop shop for sneakers, LEGO, Funko Pop, and NBA cards
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THE THRILL of finding and obtaining rare, coveted shoes is what bonds the sneakerhead community. Sleek running shoes, chunky and colorful Japanese-style shoes, and classic Air Force Ones worn by many a basketball player are just a few of the many types of sneakers a collector might want.
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PHL likely to grow by 5-6% this year — House think tank
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THE GOVERNMENT of President Ferdinand R. Marcos, Jr. might have done enough pump-priming and should let the private sector take on a bigger role in boosting the economy, according to a congressional think tank.
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To be wrapped in warmth
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THE BLEND of dance-friendly, Western R&B with Indian instrumentation may be what sets Indian-American musician Raveena apart from the other indie pop singers that arose in the mid-2010s.
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PEZA investments plunge in June
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THE PHILIPPINE Economic Zone Authority (PEZA) approved P8.65 billion worth of projects in June, 73.4% lower than a year ago. In a statement over the weekend, the investment promotion agency said the PEZA Board approved 25 new and expansion projects at its June 28 meeting, up from 22 projects a…
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‘Larger-than-expected’ rate cuts likely — Nomura
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THE BANGKO SENTRAL ng Pilipinas (BPS) may deliver “larger-than-expected” rate cuts, with the possibility of up to 250 basis points (bps) worth of reductions until 2025, Nomura Global Markets Research said. “Compared to our baseline, risks are skewed towards more easing in the Philippines and Thailand, less easing in India,”…