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IMO works to clamp down on illicit shipping practices
The United Nations' shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said.
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NFA reorganization to terminate over 1,000 workers
National Food Authority's (NFA) fight to retain some of its functions is now over. Over the weekend, the state-run grains agency has finally conceded to Rice Tariffication Law, which stripped off its regulatory and stabilization roles.
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Maynilad willing to withdraw arbitration case filed vs gov’t
Maynilad Water Services, Inc. is "willing to drop" the arbitration case it earlier filed against the Philippine government, which would have allowed the company to recover as much as P3.4 billion the country supposedly owes it based on the decision of the Singapore High Court.
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Swedish firms eyeing airport infra, services in PH
A large majority of Swedish businessmen are optimistic in their outlook in the Philippine economy with keen interest in infrastructure and the services areas, believing that opportunities are definitely worth pursuing for the long term despite challenges in the ease of doing business in the country.
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Pag-IBIG to consult stakeholders before raising savings rate
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, said that it will hold a series of public consultations before implementing the increase in monthly savings rate in 2021.
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Gokongwei, Consunji in P1-B Las Piñas condo joint venture
The Gokongweis’ Robinsons Land Corporation and Consunji’s DMCI Project Developers Inc. have forged a P1 billion joint venture to develop a multi-tower residential condominium in Las Piñas City.
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Alliance Global posts record P23.7-B net income in 2018
Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Andrew L. Tan, reported a hike in consolidated net income to P23.7 billion last year from P22.3 billion in 2017.
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SRA sounds alarm over price manipulation of sugar
The Sugar Regulatory Administration (SRA) suspects the price of sugar is being manipulated by some groups, causing the cost of the sweetener to go up amid an increase in production.
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DOE to name ‘profiteering GenCos’ in WESM
The Department of Energy (DOE) said it will release the list of power generation companies (GenCos) that may have gained financially in price spikes at the Wholesale Electricity Spot Market (WESM) following the string of recent yellow alerts in the power system.