How Wall Street banks made a killing on SPAC craze
14 Mins read
Wall Street/Reuters NEW YORK — Investment banks have raked in billions of dollars by feeding the frenzy for blank-check companies, and they…
Marcos to focus on economic team after claiming poll victory
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photo by Kriz-John Rosales, The Philippine Star Philippine presumptive president Ferdinand “Bongbong” Marcos Jr. said he is looking to build up cabinet…
Zoom urged by rights groups to rule out ‘creepy’ AI emotion tech
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LOS ANGELES — Human rights groups have urged video-conferencing company Zoom to scrap research on integrating emotion recognition tools into its products,…
Philippine GDP jumps 8.3% in Q1, beats market estimates
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The Philippine economy grew by 8.3% year on year in the first quarter, beating market estimates, buoyed by base effects and reopening…
Agricultural output shrinks in Q1
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A vendor arranges eggs at the Paco public market in Manila. — PHILIPPINE STAR/ RUSSELL PALMA By Luisa Maria Jacinta C. Jocson,…
FDI inflows surge in February
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REUTERS By Keisha B. Ta-asan NET INFLOWS of foreign direct investments (FDI) jumped by 46.3% year on year in February, as the…
Manufacturing grows at its fastest pace in 7 months
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REUTERS By Ana Olivia A. Tirona, Researcher FACTORY OUTPUT in March grew at its fastest pace in seven months as manufacturers propped…
Marcos likely to focus on infrastructure but funding remains unclear
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PHILIPPINE STAR/KRIZ JOHN ROSALES By Kyle Aristophere T. Atienza, Reporter THE INCOMING ADMINISTRATION of Ferdinand R. Marcos, Jr. is expected to focus…
Cebu Pacific sets 2022 capex at nearly P33 billion
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CEBUPACIFICAIR.COM BUDGET carrier Cebu Pacific, operated by Cebu Air, Inc., said on Wednesday that it had set a capital expenditure (capex) budget…
PAL ‘on track’ to fully restore pre-pandemic domestic flights
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BW FILE PHOTO FLAG carrier Philippine Airlines, Inc. (PAL) said on Wednesday that it is adding more domestic and international flights this…