Peso weakens on inflation, high oil prices
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THE PESO dropped versus the dollar on Tuesday as headline inflation surged above 5% in May and amid high global oil prices….
Philippine stocks rebound on bargain hunting
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STOCKS recovered on bargain hunting on Tuesday despite data showing faster inflation in May. The benchmark Philippine Stock Exchange index (PSEi) improved…
Finance dep’t sees deficit falling without sacrificing infrastructure
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PHILIPPINE STAR/ MICHAEL VARCAS THE Department of Finance (DoF) said infrastructure spending need not be “sacrificed” in the process of reducing the…
Hanjin shipyard collapse leaves FIRB wary on future incentive grants
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THE Fiscal Incentives Review Board (FIRB) said it will have to evaluate grants of incentives more thoroughly in the wake of the…
Frasco’s DoT to highlight domestic tourism, food, marketable crafts
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FACEBOOK.COM/FILIPINOFOODMONTHOFFICIAL THE incoming Tourism Secretary said she plans to develop domestic tourism in order not to be left vulnerable to disruptions in…
P20/kg rice to require budget of ‘at least’ P400 billion
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THE Marcos campaign pledge to bring down the price of rice to P20 per kilogram (/kg) is achievable with “full support” from…
Full capacity allowed in Alert Level 1 areas
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REUTERS THE GOVERNMENT has allowed businesses in Alert Level 1 areas to operate at full capacity, including public transport vehicles, though participants…
Easing land rules for foreigners could boost renewables industry
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TRINA SOLAR FB PAGE THE Philippines’ plans to develop its renewables industry will require an easing of land ownership restrictions currently in…
DBM says 2022 budget release rate tops 88%
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THE Department of Budget and Management (DBM) said on Tuesday that it had released P4.46 trillion, or 88.8% of the national budget,…
Duterte urges Filipinos to fully support Marcos
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GERMAN Ambassador Anke Reiffenstuel pays President-elect Ferdinand R. Marcos, Jr. a courtesy call. — BONGBONG MARCOS MEDIA BUREAU OUTGOING Philippine President Rodrigo…