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Typhoon Ompong may have pushed September 2018 inflation to over 7%
MANILA, Philippines – Typhoon Ompong (Mangkhut) likely wreaked havoc on the Philippine economy.Economists of the Bangko Sentral ng Pilipinas (BSP) said on Friday, September 28, that they projected...
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Lucio Tan to merge PNB, PNB Savings Bank
MANILA, Philippines – Lucio Tan is merging the Philippine National Bank (PNB) with the PNB Savings Bank to strengthen the Tan group's consumer lending business.Tan disclosed to the Philippine Stock...
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Jollibee in London shows PH businesses can go global – envoy
MANILA, Philippines – The opening of the first Jollibee store in London shows that Filipino businesses can compete across the globe, said Philippine Ambassador to the UK Antonio Manuel...
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Elon Musk to resign as chair of Tesla board but remain CEO
WASHINGTON, USA – Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla's chairman of the board and pay a $20-million fine but stay on as CEO, US...
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Rappler Talk: Dissecting the Trabaho bill
Bookmark this page to watch the interview at 3 pm on Monday, October 1MANILA, Philippines – The government is aiming to pass the Tax Reform for Attracting Better and High-Quality Opportunities...
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Oil prices jump for 8th consecutive week, Brent crude breaches $83
MANILA, Philippines – Oil prices rose for the 8th consecutive week on Tuesday, October 2, following the continued increase in global prices.Gasoline prices went up by P1 per liter, diesel by P1.35 per...
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6.8% inflation? Diokno says 'no big difference'
MANILA, Philippines – Budget Secretary Benjamin Diokno said on Tuesday, October 2, that hitting a 6.8% inflation rate "won't make a big difference" now.In an ANC Headstart interview, Diokno said that...
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Starbucks coffee will now cost you more
MANILA, Philippines – Coffee giant Starbucks Philippines will be raising its beverage prices starting this week.In a statement on Tuesday, October 2, Starbucks said that the 3 to 8 percent price hike...
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Amazon bumps U.S. minimum wage to $15 amid scarce labor
WASHINGTON, DC, USA – Online retail giant Amazon announced on Tuesday, October 2, it would raise its starting wage for US workers to $15 an hour, amid long-standing criticism of low pay, and would...
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Rappler Talk: Sexy statistics
Bookmark this page to watch the interview at 3 pm on Wednesday, October 3MANILA, Philippines – Statistics is often compared to bikinis: what it reveals is suggestive, but what it conceals is...
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Diokno: 'Let's not push for higher wages' amid high inflation
MANILA, Philippines – Despite the higher prices of goods, Budget Secretary Benjamin Diokno said pushing for a wage hike should not be the way to go.In his weekly media briefing, Diokno stood firm that...
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#AskTheTaxWhiz: Excise tax on sugar-sweetened beverages
For retailers such as sari-sari store owners who sell sugar-sweetened beverages, do they have to file and pay the excise tax on their own?No, according to Revenue Regulations No. 20-2018, the excise...
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UK's Vodafone may enter PH as 3rd telco
MANILA, Philippines – British telecommunications firm Vodafone may enter the Philippines as the country's third telco player, Budget Secretary Benjamin Diokno announced on Wednesday, October 3.In his...
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DICT on track to name 3rd telco player before Christmas
MANILA, Philippines – The Department of Information and Communications Technology (DICT) remained firm in saying they will be able to name the country’s third telecommunications service provider by...
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Goodbye bukbok? Gov’t to inspect imported rice before shipment to PH
MANILA, Philippines – After getting flak over bukbok or weevil-infested rice, the Department of Agriculture (DA) announced that a government team will check rice bound for the Philippines before the...
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CEOs, managers bullish on banking sector, economy – Bangko Sentral poll
MANILA, Philippines – Bank executives see stability in the country’s economy and banking system over the next two years, according to the first Banking Sector Outlook Survey (BSOS) of the Bangko...
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World Bank downgrades 2018 Philippine economic outlook
MANILA, Philippines – The World Bank downgraded the Philippines’ economic outlook for 2018 to 6.5% from 6.7%, but projected the economy to remain robust in the coming years.According to the latest...
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Persistent high inflation may slow down poverty reduction – World Bank
MANILA, Philippines – The World Bank warned that the Philippines' persistent high inflation can slow down progress on poverty reduction.In a briefing for the latest Philippines Economic Update (PEU) on...
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Inflation in September 2018 strains Filipinos' budget at 6.7%
MANILA, Philippines (UPDATED) – Inflation or the increase in the prices of goods showed no signs of slowing down as it jumped to 6.7% in September.The latest figure, announced by the Philippine...
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IN CHARTS: Carinderia, sari-sari store owners feel pinch of inflation
MANILA, Philippines – Micro-retail businesses are complaining that the rising cost of goods dented their earnings because customers are cutting down on consumption. The Philippine Association of Stores...
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