Tag: philippines
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China’s defense ministry condemns US missile deployment in Philippines
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BEIJING/MANILA – China’s defence ministry on Thursday strongly condemned the deployment of a U.S. intermediate range missile system in the northern Philippines during military drills in April, saying it “brought huge risks of war into the region”. Defence Ministry spokesperson Wu Qian told a press briefing in Beijing that China…
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Philippines says China Coast Guard rules a provocation
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MANILA – Philippine Defense Secretary Gilberto Teodoro said on Friday that China’s rules about how its Coast Guard can operate in the South China Sea were a matter of international concern, describing them as a provocation. China, which has maritime sovereignty disputes with the Philippines and other claimant countries in…
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Philippines’ BoP deficit widens
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THE COUNTRY’S balance of payments (BoP) deficit widened in April as the government paid back foreign debt and the trade balance remained in a deficit, the Bangko Sentral ng Pilipinas (BSP) said. Data from the central bank showed the BoP position widened to a $639-million deficit in April from the…
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BatStateU launches Philippines’ NEED program to redefine future of engineering education
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Batangas State University (BatStateU) launched the Philippines’ National Engineering Education Development (NEED) Program last May 8, marking a transformative step forward in the advancement of engineering education in the Philippines. Positioned to significantly contribute to the development of highly skilled engineers and professionals who will drive the nation’s progress and…
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Keppel Philippines Holdings to hold annual stockholders’ meeting remotely on June 14
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Philippines implements single electronic invoicing system for imports
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THE PHILIPPINE government has enforced a single electronic invoicing system for all imported commodities, as it explores nonmonetary measures to address rising food prices. Under Administrative Order (AO) No. 13 signed by President Ferdinand R. Marcos, Jr. on May 13, the country will implement digital and integrated pre-border technical verification…
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Insufficient expertise and resources hinders sustainability in Philippines SMEs
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With the increasing number of companies becoming sustainable, many small and medium enterprises (SMEs) in the Philippines were left behind due to a lack of expertise and resources. “Many probably do not care a lot about sustainability reporting, and it’s easy to understand why. Unlike bigger organizations, most SMEs lack…
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Philippines falls to its worst good governance index ranking in 3 years
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THE PHILIPPINES’ ranking in a global good governance index dropped four spots to 67th out of 100 countries — its worst showing in three years — as it scored lower in several indicators including leadership and foresight.
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OceanaGold Philippines drops 6% on market debut
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OCEANAGOLD Philippines, Inc. (OGP) made a dismal stock market debut on Monday, as its stock price closed 6% lower than its initial public offering (IPO) price.
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BusinessWorld Economic Forum 2024 to uncover next drivers of Philippines’ growth
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THE PHILIPPINE ECONOMY has shown resilience despite facing challenges such as the coronavirus pandemic, elevated inflation and high interest rates. The BusinessWorld Economic Forum will tackle the key issues facing the Philippines today, as well as the next drivers of economic growth when it returns on May 22 (Wednesday) at…