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Ramon Ang: Protect West Philippine Sea to help curb inflation
MANILA, Philippines – Ramon Ang, one of the richest Filipino tycoons, has a proposal to curb pesky inflation: protect the West Philippine Sea and further tap its gas reserves. In an economic forum on...
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Ramon Ang backpedals on PAREX cancellation, project now just ‘on hold’
MANILA, Philippines – San Miguel Corporation (SMC) president and chief executive officer Ramon Ang has backpedaled on the scrapping of the controversial P95-billion Pasig River Expressway (PAREX),...
View ArticleHeads start rolling as BSP acts on ‘unprecedented’ ghost employees scandal
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) confirmed and acted on news reports of supposed “ghost employees” who got hefty paychecks even without reporting for work at the central...
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What makes a forest? Breaking down GCash’s coconut tree program
MANILA, Philippines – Finance app GCash recently drew flak for its initiative to plant one million coconut trees in Mindanao. Online users said that a million trees of the same species do not...
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Brands turn to BINI in Gen Z market race
MANILA, Philippines – Several brands have turned to the star power of BINI, the P-Pop girl group behind viral hits like “Pantropiko” and “Salamin, Salamin,” as companies navigate the peculiar...
View ArticleMegaworld eyes international tourists as Trip.com’s ‘preferred partner hotel’
Megaworld Hotels and Resorts (MHR) is banking on attracting more international tourists to fill its thousands of hotel rooms now that it has become a “preferred partner hotel” for travel service...
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The GCash effect: More middle-income earners join stock market
MANILA, Philippines – There are now almost 2 million stock traders in the Philippines, bulk of whom comprise the middle class, as fintech giant GCash and its stock trading platform encouraged more...
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Growing middle class: Filipinos turn to more expensive imported alcohol
MANILA, Philippines – Here’s another sign of an expanding Philippine middle class. Filipinos who consume hard drinks are shifting to more expensive imported spirits, according to billionaire Lucio...
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You can now mix and match Jollibee, Mang Inasal, Greenwich, and Chowking in...
MANILA, Philippines – Heads up, fans of Jollibee, Mang Inasal, Greenwich, and Chowking! You can now mix and match dishes from these four Jollibee Group brands and pay in one – not four – stores – that...
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[ANALYSIS] Not all REITs are created equal
This is the central message of Ando Leo “Andoy” Beltran in his presentation on Real Estate Investment Trusts (REIT) before the guests of the Monday Circle Financial Forum, an advocacy group for the...
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Overworked, underpaid workers: The push and pull of achieving liveable wages
It’s getting harder for factory worker Margie Grefaldo to keep giving her family the nutrition they need. In her usual grocery runs, she would budget P150 for chicken. But as the price of chicken...
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Could the Grand Westside Hotel soon be Megaworld’s first 5-star property?
Megaworld Hotels and Resorts (MHR) is targeting to open the country’s biggest hotel within this June, and if things go right, it could be Filipino billionaire Andrew Tan-led company’s first five-star...
View ArticleBusinessman Joseph Calata found guilty of misleading investors on Cebu casino...
MANILA, Philippines – A Makati regional trial court has found businessman Joseph Calata and another senior executive of Calata Corporation guilty of violating the Securities Regulation Code over...
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Inflation rises further to 3.9% in May 2024
MANILA, Philippines – Inflation picked up for the fourth straight month in May, rising to 3.9% and nearing the upper band of the government target range, the Philippine Statistics Authority reported...
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Speaker Romualdez expands media business, launches digital TV channel
MANILA, Philippines – House Speaker Martin Romualdez is expanding his broadcast business with the launch of a digital television channel. Prime TV Philippines (not to be confused with Amazon’s Prime...
View ArticleLaguna town files complaint vs water firm over unreliable supply
MANILA, Philippines – The municipal government of Bay in Laguna has lodged a complaint before the Local Water Utilities Administration (LWUA) for the unreliable water supply services of Laguna Water...
View ArticleDOJ resumes Mica Tan probe amid assets freeze
MANILA, Philippines – The Department of Justice (DOJ) resumed its preliminary probe into the illegal investment charges lodged by the Securities and Exchange Commission (SEC) against the Maria...
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[Ask the Tax Whiz] Ease of Paying Taxes law: What’s new with invoicing...
I am a taxpayer who still has unused manual and/or looseleaf official receipts. Can I still use them? Or are invoices the only accepted valid proof to support claims of input taxes? Under the EOPT...
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Edgar Saavedra raises P5.3 billion from IPO of renewable energy company CREC
MANILA, Philippines – Filipino billionaire-engineer Edgar Saavedra, who helped build world-class airport terminals in Cebu and Clark, debuted his renewable energy firm Citicore Renewable Energy...
View ArticleWhy are meme stocks rallying again?
GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the...
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