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    Business, Business News

    PH total debt reach P13.42 T in 2022

    The Philippines has incurred an outstanding total debt of P13.418 trillion as of end-2022, up by 14.4 percent from end-2021’s P11.728 trillion, the Bureau of the Treasury (BOT) announced Thursday, Feb. 2.

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    Business, Business News

    ADB to fund 5 networks in Bicol, Davao and Cebu

    The government, in partnership with the Asian Development Bank (ADB), will award funding grants of up to $80,000 or P4.3 million to five so-called networks of enterprises in Bicol, Davao and Cebu under the SkillsUpNet Philippines (SUNPh) program.

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  • BSP Governor Felipe M. Medalla
    Banking and Finance, Business

    BSP can handle loss of dividends for MIF — Medalla

    Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the central bank is comfortably on a positive financial condition to let go of its profits in favor of the Marcos government’s Maharlika Investment Fund (MIF) for which the central bank will contribute 100 percent of its declared dividends in the first two years of the wealth fund.

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  • DTI logo
    Business, Trade & Energy

    Cambodia seeks direct rice exports to PH

    Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI)I .

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  • Vista Land
    Business, Stock Market & Foreign Exchange

    Vista Land gets lower rate for P2.9-B notes

    Vista Land & Lifescapes, Inc., the country’s largest homebuilder and one of the leading integrated property developers, has issued additional corporate notes amounting to P2.9 billion from its P12 billion corporate notes facility.

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  • The signing of power supply deals between SN Aboitiz Power (SNAP) and the Yuchengco-led energy firms PGEC and PSC.
    Business, Trade & Energy

    SNAP secures power supply from Yuchengco plants

    Joint venture firm SN Aboitiz Power (SNAP) has inked power supply agreements (PSAs) for the procurement of electric capacity from power plants owned by PetroGreen Energy Corporation (PGEC) and PetroSolar Corporation (PSC) of the Yuchengco group.

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  • NEDA Sec. Balisacan
    Business, Business News

    NEDA Board approves seven infra projects

    President Ferdinand R. Marcos Jr. approved the implementation of seven infrastructure projects, including a cancer center for the University of the Philippines – Philippine General Hospital (UP-PGH), the National Economic and Development Authority (NEDA) announced.

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  • PSALM
    Business, Trade & Energy

    PSALM trims financial obligations to P335.25 B

    State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has reduced its outstanding debt by P8.44 billion last year to P346.76 billion from the prior year’s P335.25 billion on higher revenues.

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  • Tengco
    Business, Business News

    Relaxed border controls boost Pagcor income

    Revenues of the Philippine Amusement and Gaming Corp. (Pagcor) soared by 66 percent last year, driven by the opening of country’s borders to local and foreign tourists following the pandemic.

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  • 7CEBU
    Business, Trade & Energy

    Study reveals Filipinos’ strong affinity to drinking

    Beer sales increased five folds during festivities in the Philippines, confirming Filipinos’ strong affinity to drinking during celebrations, according to a market intelligence platform.

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    Business, Business News

    MRT-3 completes overhaul of coaches

    The Metro Rail Transit-3 (MRT-3) this week completed the 5-year overhaul of its 72 train coaches or light rail vehicles (LRVs) and can now deploy 18 to 21 train sets at peak hours.

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  • SIONIL DEC 2022
    Business, Columnists

    Of inflation and alphanumeric 

    Cathy Pimentel, a young entrepreneur who owns and manages O2 Skin Lab in upscale BGC, shares the difficulty in keeping her business afloat. 

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  • 020223AteneoADI2
    Business

    Ateneo and ADI: Co-creating the future to drive innovations further and develop more AI solutions

    Aboitiz Data Innovation (ADI) officially signed a Memorandum of Understanding (MoU) with Ateneo de Manila University (Ateneo), one of the top universities in Southeast Asia, to create meaningful initiatives, drive innovations further, and co-develop AI solutions.

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