Peso weakens to P56:$1 level
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JULIAN PAOLO DAYAG-UNSPLASH THE PESO returned to the P56-per-dollar level on Thursday amid expectations of a mild recession in the United States…
Shares fall on selling amid US debt ceiling woes
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LOCAL EQUITIES declined on Thursday on increased selling after Fitch Ratings put the United States’ debt on negative watch amid a lack…
Productivity improving but still below 2019 levels — BSP
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BW FILE PHOTO PRODUCTIVITY growth is improving but remains below pre-pandemic levels, pointing to the need for more effective policy action to…
Clark solar farm contract expected to be awarded this year
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THE Bases Conversion and Development Authority (BCDA) said it expects to award the contract for a solar farm in New Clark City…
NGCP says it invested P300 billion in grid since 2009
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THE National Grid Corp. of the Philippines (NGCP) said it invested about P300 billion in improving the power transmission system since taking…
Fish port volumes up nearly 8% in 1st quarter
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PHILSTAR FISH landed at regional fish ports grew 7.98% by volume quarter on quarter in the first three months of the year,…
DBM to release P25 billion for indigent PhilHealth premiums
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THE Department of Budget and Management (DBM) said it approved the release of P25.16 billion for the insurance premiums of qualified indigents…
Leads generated from tourism trade fair participation
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PHILSTAR TOURISM trade fair participation has generated over P3 billion in business leads, the Department of Tourism (DoT) said. “We have ushered…
Palay output rises 2.6% in Q1
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PHILSTAR PRODUCTION of palay, or unmilled rice, rose 2.6% year on year to 5.02 million metric tons (MT) in the first quarter,…
Speaker Romualdez says House has passed 31 of 42 Marcos priority bills
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THE House of Representatives has passed 31 out of 42 priority measures identified by the Marcos administration, Speaker Ferdinand Martin G. Romualdez…