Peso down as geopolitical risks boost demand for dollar
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BW FILE PHOTO THE PESO ended weaker on Wednesday as investors flocked towards the safe-haven dollar amid rising geopolitical tensions. The local…
PSEi declines on profit taking before BSP review
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LOCAL STOCKS declined on Wednesday as investors pocketed gains from the market’s rise earlier this week ahead of the Bangko Sentral ng…
Ports report increased passenger, cargo volumes in third quarter
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THE Philippine Ports Authority (PPA) said on Wednesday that passenger and cargo volumes rose sharply in the third quarter as pandemic restrictions…
MUFG says Philippine growth upside has moved beyond base effects
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Buildings are seen along EDSA in Quezon City, July 3. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE Philippine economy has moved beyond…
Spot market power prices decline in early November
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THE Independent Electricity Market Operator of the Philippines (IEMOP) said electricity spot market prices in early November declined by P1.14 per kilowatt-hour…
German companies signal improved business sentiment
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KATEMANGOSTAR-FREEPICK GERMAN companies are expecting their prospects to improve, according to the results of a global survey released by the German-Philippine Chamber…
House panel approves bill creating e-commerce bureau
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BW FILE PHOTO A BILL proposing to establish an e-commerce regulator was approved by the House appropriations committee on Wednesday. The proposed…
RE share of 80% seen needed for PHL to become Paris-compliant
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THE Philippines can only comply with its Paris climate commitments with an 80% share of renewable energy (RE) in its power mix…
ERC exploring ways to lower power rates via review of co-ops’ supply agreements
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THE Energy Regulatory Commission (ERC) said it is reviewing power supply agreements (PSAs) entered into by electric cooperatives to see whether there…
Moving forward after the reversal of a BIR ruling
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When taxpayers are in doubt as to whether a specific provision of the Tax Code or regulations apply to their specific transactions,…