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Philippines 'extra careful' with China loans – NEDA
MANILA, Philippines– The government is "extra careful" not to fall into the Chinese debt trap, said Socioeconomic Planning Secretary Ernesto Pernia on Wednesday, June 27."Given the various experiences...
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Philippine peso to hit P54 to $1 – BMI Research
MANILA, Philippines – The Philippine peso will still not get any love as it is expected to slide further to P54 to $1 by year-end, according to Fitch Group's analytics arm BMI Research."The Philippine...
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Infrastructure push to generate P31 trillion – NEDA
MANILA, Philippines – The National Economic and Development Authority (NEDA) projected that the government's planned P10.6-trillion investment in infrastructure will return threefold to P31...
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Mactan-Cebu airport's new terminal to begin operations on July 1
MANILA, Philippines – The recently inaugurated Terminal 2 of the Mactan-Cebu International Airport (MCIA) will begin commercial operations at 2 am on Sunday, July 1.The resort-themed Terminal 2 was...
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Bad timing? DM Wenceslao limps in market debut
MANILA, Philippines – A company’s initial public offering (IPO) is usually met with excitement among investors, but the volatile market was not too kind on DM Wenceslao (DMW), the first company to...
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June 2018 inflation may hit as high as 5.1% – BSP economists
MANILA, Philippines – Inflation may have soared as high as 5.1% in June, Bangko Sentral ng Pilipinas (BSP) economists said on Friday, June 29.“The BSP Department of Economic Research projects the...
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PAL to fly Clark-Siargao starting July 1
MANILA, Philippines – Flag carrier Philippine Airlines Incorporated (PAL) will fly daily from Clark International Airport in Pampanga to Siargao Airport in Surigao del Norte starting July 1.PAL...
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Kalibo airport rehabilitation to begin on July 2
MANILA, Philippines – The rehabilitation and expansion of the Kalibo International Airport (KIA) in Aklan is set to begin on Monday, July 2.In a statement on Sunday, July 1, the Civil Aviation...
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CA says ERC can hear case vs Meralco, Aboitiz subsidiaries
MANILA, Philippines – The Court of Appeals (CA) ruled that the Energy Regulatory Commission (ERC) has the right to hear the case of anti-competitive behavior and unfair trade against the Manila...
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Housing prices rise by 2.1% in Q1 2018
MANILA, Philippines – Rates to purchase houses in the Philippines rose by 2.1% in the 1st quarter of 2018, according to data from the Bangko Sentral ng Pilipinas (BSP) released on Friday, June 29.The...
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Maasin Airport's new passenger terminal inaugurated
MANILA, Philippines – The new passenger terminal of the Maasin Airport in Southern Leyte was inaugurated on Monday, July 2, boosting the airport's capacity from 50 passengers to 150.Transportation...
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Gov't now expects 2018 inflation to reach as high as 4.5%
MANILA, Philippines – Amid surging prices of goods in the first 5 months of the year, the Development Budget Coordination Committee (DBCC) revised its inflation outlook for 2018.Budget Secretary...
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BPI to start charging for over-the-counter withdrawals, inter-regional deposits
MANILA, Philippines – The Bank of the Philippine Islands (BPI) announced on Monday, July 2, that it would begin charging its clients for over-the-counter withdrawals and inter-regional deposits on...
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Agriculture trade deficit widens in Q1 2018
MANILA, Philippines – The country's agriculture trade deficit further expanded in the 1st quarter of 2018, according to the Philippine Statistics Authority (PSA).The PSA said the deficit in external...
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Rappler Talk: Bulls, bears, and other beasts of the stock market
Bookmark this page to watch the interview at 4:30 pm on Wednesday, July 4MANILA, Philippines – Bear market, bull runs, flirting with record highs – these are just some of the buzzwords often heard on...
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#AskTheTaxWhiz: Filing an amended tax return
I attended a tax seminar last month where I learned that we can file our tax returns without having to declare correct amounts and that we can just amend it later with no interest and penalty. Is that...
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Thanks to loans, Build, Build, Build 'moving faster' – DOF
TARLAC, Philippines – Finance Secretary Carlos Dominguez III on Wednesday, July 4 said that the government infrastructure program "Build Build Build" was "moving faster" than expected, thanks to the...
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Japan's Sumitomo set to return as MRT3 maintenance provider
TARLAC, Philippines – Japan's Sumitomo-Mitsubishi Heavy Industries, Ltd. (MHI) takes over this month as new maintenance provider Metro Rail Transit Line 3 (MRT3) Department of Transportation (DOTr)...
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BPI postpones peso cash deposit, withdrawal fees to January 2019
MANILA, Philippines – The Bank of the Philippines Islands (BPI) announced on Wednesday, July 4, that it would move the implementation of peso cash deposit and withdrawal fees from September 2018 to...
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June 2018 inflation soars to 5.2%
MANILA, Philippines (4th UPDATE) – Inflation continued to accelerate in June, reaching a fresh high of 5.2%, the Philippine Statistics Authority (PSA) reported on Thursday, July 5.June inflation is...
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