Waning trust: China shadow banks pivot away from property to survive
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REUTERS SHANGHAI/HONG KONG — For more than a decade, Chinese developers’ debt-fueled construction boom enriched the country’s shadow banks, who were eager…
NASA’s Orion capsule returns to Earth, capping Artemis I flight around moon
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On Nov. 28, NASA’s Orion spacecraft reached its maximum distance from Earth during the Artemis I mission—268,563 miles away from our home…
Air India nears historic order for up to 500 jets — sources
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Air India Boeing 787-8 Dreamliner. — WIKIMEDIA COMMONS PARIS/NEW DELHI — Air India is close to placing landmark orders for as many…
A new chapter begins for 2022’s ‘MAP Management Man of the Year’
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Isidro A. Consunji (second from left) receives this year’s MAP Management Man of the Year award in a ceremony last Nov. 28….
Metrobank’s Wealth Insights provides expert advice, intelligence for managing and growing wealth
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After years of building wealth, perhaps you are thinking about ways to preserve it and grow your money further. Yet, as we…
BSP may hike rates by 50 bps — poll
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BW FILE PHOTO By Keisha B. Ta-asan, Reporter THE PHILIPPINE central bank is widely expected to raise benchmark interest rates by 50…
Infrastructure spending rises 39% in September
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BW FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter INFRASTRUCTURE SPENDING rose by 39.3% in September as the government completed more…
Contributing to sovereign wealth fund could undermine BSP’s independence, analysts say
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BW FILE PHOTO REQUIRING the Bangko Sentral ng Pilipinas (BSP) to contribute its annual dividends to the Maharlika Wealth Fund (MWF) could…
Gov’t debt service bill declines in October
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BW FILE PHOTO THE NATIONAL Government (NG) saw its debt service bill drop in October as lower amortization payments offset the rise…
Lopez firm buys unit of US healthcare provider
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LOPEZ-LED First Philippine Holdings Corp. (FPH) has signed an agreement to acquire the local subsidiary of Medical Services of America, Inc. (MSA)…