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Bulacan airport gets NEDA Board OK

THE NATIONAL Economic and Development Authority (NEDA) Board chaired by President Rodrigo R. Duterte gave the go signal for eight new infrastructure projects, including...

African Swine Fever outbreak confirmed

THE DEPARTMENT of Agriculture (DA) on Monday confirmed the first outbreak of African Swine Fever (ASF) in the Philippines, adding that quarantine measures have been tightened to prevent the spread of the virus.

J.P. Morgan notes Philippines luring relocating businesses

THE PHILIPPINES, along with neighbors Indonesia, Malaysia, Thailand and Vietnam, can expect to benefit from decisions to relocate by companies adversely affected by the ongoing trade war between China and the United States, investment bank J.P. Morgan said in a June 26 report e-mailed to journalists on Wednesday evening.

Duterte revamps list of priority infrastructure projects

PRESIDENT Rodrigo R. Duterte will unveil a revised list of about 100 big infrastructure projects to be launched before his term ends in 2022, after some earlier projects were found to be unfeasible, an adviser said.

Converge ICT鈥檚 IPO gets regulator approval

INTERNET provider Converge ICT Solutions, Inc.鈥檚 initial public offering (IPO), which may raise up to P41.55 billion, has received the go signal from the Securities and Exchange Commission. (SEC).

Philippines could be at risk of US sanctions for North Korea trade

THE PHILIPPINES runs the risk of courting US trade sanctions for 鈥渄oing business鈥 with North Korea and the government is concerned enough to study...

SSS hires fund managers for P7B in investments

THE Social Security System (SSS) has hired local fund managers to manage P7 billion of its Investment Reserve Fund (IRF) over two years to boost its financial standing, it said in a statement over the weekend.

PHL launches US dollar bond issue

THE PHILIPPINE government on Wednesday launched another dollar bond offering aimed to raise funds to cushion the impact of the coronavirus pandemic on the economy.

Off to strong start, Axelum yields to mart鈥檚 weakness

SHARES in coconut products manufacturer Axelum Resources Corp. fell by 6.2% on the company鈥檚 first day of trading, failing to hold on to early gains as it reflected the general weakness in the local bourse.

Metro Pacific hospital unit plans P83-B IPO

METRO PACIFIC Hospital Holdings, Inc. (MPHHI) is embarking on an P83.3-billion maiden share sale to expand its hospital network and as part of parent Metro Pacific Investments Corp.鈥檚 (MPIC) efforts to sell down assets.

BSP cuts banks鈥 reserve requirement further

THE BANGKO SENTRAL ng Pilipinas (BSP) on Friday announced a 100-basis point reduction in banks’ reserve requirement ratio (RRR), to take effect at the start of November, setting the stage for the release of more funds for lending for productive economic activities.

The secret weapon that has made the peso so strong

SINGAPORE -- The Philippine peso has a secret weapon that has made it one of Asia鈥檚 best-performing currencies this year: bumper real yields.
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