RCBC to issue P3-B worth of fixed-rate bonds to refinance maturing debt
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Rizal Commercial Banking Corp. (RCBC) said it plans to issue at least P3 billion conventional or sustainability fixed-rate bonds to support the…
Peso closes weaker at end of 2021 as Fed acts vs. inflation
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The peso closed 6.2% weaker year-on-year on the last trading day of 2021, as the Federal Reserve adopted a more hawkish stance…
Local stocks sink as new virus cases climb
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Philippine Stock Exchange index A surge in new cases of coronavirus disease 2019 (COVID-19) sent Philippines shares tumbling on the last trading…
Air quality in Manila worsens over holidays, returns to pre-pandemic levels
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PHILSTAR By Patricia B. Mirasol Satellite data suggests that the air quality in the capital worsened this Christmas season, reverting to pre-pandemic…
Thai farmers fear loss of land to mega industrial zone
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UNSPLASH BAN PHO, Thailand — Ubon Chansoi has lived in a modest wooden home in rural Thailand for about 60 years, farming and rearing…
Experts, governors warn of US Omicron ‘blizzard’ in weeks ahead
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A woman takes a coronavirus disease test at a pop-up testing site as the Omicron coronavirus variant continues to spread in Manhattan,…
Furniture giant IKEA raises prices as supply chain woes persist
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STOCKHOLM — The world’s biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in…
Myanmar court jails celebrities who supported democracy protests
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Actor-director Lu Min. Image via @luminn_official/Instagram A court in military-ruled Myanmar jailed three prominent show business figures for three years each on…
Smart livelihood programs boost farmers, coops in 2021
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PLDT’s wireless arm Smart Communications, Inc. (Smart)’s sustainable livelihood initiatives for the agriculture and cooperative sectors have benefited more than 6,500 farmers and over 80…
Laying the foundation for a stronger electricity market in 2022
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The Independent Electricity Market Operator of the Philippines (IEMOP), with persistent efforts of stakeholders and trading participants, accomplished a number of significant…