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Duterte appoints Espenilla as BSP governor
MANILA, Philippines (UPDATED) – Nestor Espenilla Jr, the central bank's deputy governor for supervision and examination, has been appointed as the next Bangko Sentral ng Pilipinas (BSP)...
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Philippine bankers cheer Espenilla's appointment
MANILA, Philippines – Philippine bankers, economists, and business executives on Tuesday, May 9, hailed the decision of President Rodrigo Duterte to name Bangko Sentral ng Pilipinas (BSP) Deputy...
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Macron victory is 'good news' for trade-reliant Asia – IMF
SINGAPORE – Emmanuel Macron's victory in the French presidential election is "good news" for trade-reliant Asia as it eases fears of rising protectionism in Europe, the International Monetary Fund...
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Espenilla promises continuity, more financial innovation at BSP
MANILA, Philippines – Incoming Bangko Sentral ng Pilipinas (BSP) governor Nestor Espenilla Jr made it clear that he will continue the policies that are already in place, while putting into play reforms...
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Max's Group in the time of food trucks
MANILA, Philippines – The 72-year-old Max's Group Incorporated (MGI) is ramping up its capital spending budget for 2017 to P800 million. The Philippines' largest casual dining chain operator will use...
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Rappler Talk: AboitizPower on diversifying energy sources and the power...
Rappler talks to Sebastian Lacson, chief operating officer for AboitizPower, about the future of coal and renewable energy.From perennial brownouts, Mindanao has now an oversupply of power - which...
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EXPLAINER: Why is the role of BSP governor important?
MANILA, Philippines – Economists, bankers, and industry leaders have praised the decision to appoint Nestor Espenilla Jr as governor of the Bangko Sentral ng Pilipinas (BSP), citing the continuity of...
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PSE approves Eagle Cement, Cebu Landmasters IPOs
MANILA, Philippines – The board of the Philippine Stock Exchange (PSE) on Wednesday, May 10, approved the initial public offering (IPO) applications of cement maker Eagle Cement Corporation and...
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SC asked to stop NGCP acquisition of SSS lot in Pasay
MANILA, Philippines – The Supreme Court was asked on Wednesday, May 10, to stop the expropriation of a portion of Social Security Service (SSS) property in Pasay City to the National Grid Corporation...
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Ayala Land launches 200-hectare Evo City in Cavite
MANILA, Philippines – Ayala Land on Thursday, May 11, unveiled Phase 1 of Evo City in Kawit, Cavite, the first of 3 planned estate launches this year.The 200-hectare mixed-use estate of Ayala Land...
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BSP maintains policy rates, inflation forecast
MANILA, Phiippines – Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr is not in a rush to tighten policy as inflation is seen to remain manageable. During his penultimate meeting, the...
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Rappler Talk: Incoming BSP Governor Nestor Espenilla on his plans
MANILA, Philippines - On Monday, May 8, President Rodrigo Duterte announced the appointment of Nestor Espenilla, Jr. as the next Bangko Sentral ng Pilipinas Governor. (READ: Who is new BSP governor...
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#AskTheTaxWhiz: How can we collect the right taxes?
How come the billionaires in our country are not among the top individual taxpayers? Are we not supposed to collect more taxes from the rich? I read in one of your Instagram posts that the business...
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Why Espenilla was chosen new BSP governor
MANILA, Philippines — What awaits incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr when he assumes a role that exposes him to more pressure, including those from politicians? Why...
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Espenilla's target: Break new ground for financial inclusion
MANILA, Philippines – Nestor Espenilla Jr’s rise to the top post at the Bangko Sentral ng Pilipinas (BSP) is the product of a lifetime’s worth of work. But as the incoming BSP Governor, Espenilla still...
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Will China help the Philippines achieve its railway dreams?
HAINAN, China – It's no secret that the Philippines is way behind its Asian neighbors in terms of roads, bridges, railways, and airports. This often leads to a common feeling when traveling abroad:...
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Luxury car business grapples with 'drastic' tax hike proposal
MANILA, Philippines – With car loan rates at an all-time low, about 359,572 brand-new passenger cars sprawl across the Philippines in 2016, clogging most major thoroughfares of the country. To help...
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WATCH: Inside AboitizPower's coal-fired power plant in Mindanao
DAVAO, Philippines – AboitizPower has been employing "clean technologies" in the first coal dome in the Philippines and in Southeast Asia. This despite environmentalists' claim that clean coal is just...
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Emperador to miss income target for 2017
MANILA, Philippines – Andrew Tan-owned Emperador Incorporated expects to miss its target to double its net income by 2017, after its aggressive overseas expansion."We will come short of our target,"...
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Aboitiz group to pour $300 million into cement business
MANILA, Philippines – The Aboitiz group is pouring $250 million to $300 million into its cement business over the next 5 years, as it rides on the national government's aggressive infrastructure...
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