The Daily Manila Shimbun

 

Economic managers recommend alternative to “across-the-board’ free tuition proposal

February 9, 2017

In a joint position paper, the economic managers of the Philippine government recommended funding the Unified Student Financial Assistance System for Tertiary Education (UniFAST) as a better alternative to proposed legislations on free tuition for all undergraduate students in state

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Local, foreign biz groups urge Congress to pass CTRP, 11 other measures  

February 9, 2017

Fifteen foreign and local business organizations have appealed to Malacanang and the Congress to give top priority to the Comprehensive Tax Reform Program (CTRP) and 11 other legislative proposals to improve the country’s investment climate,  create more jobs and sustain

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Megaworld to set aside P60 billion for capital expenditures this year

February 8, 2017

Property giant Megaworld, along with its subsidiary brands Empire East Holdings, Inc., Global-Estate Resorts, Inc. and Suntrust Properties, Inc.,is allocating P60-billion in capital expenditures this year, the company said in a statement on Wednesday. Eighty percent of capital spending will

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Stocks, peso end lower

February 8, 2017

Stocks closed lower on Wednesday as the Philippine Stock Exchange index ended dpwn 27.82 points to 7, 234.82. Volume rose to 5.14 billion shares worth P6.48 billion from Tuesday’s 3.85 billion shares worth P6.59 billion. Foreign buying was at P3.5

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Globe core net income up six percent in 2016

February 8, 2017

Globe Telecom Inc. announced on Wednesday its core net income rose 6 percent last year despite the stiff competition in the telecommunications industry. Core profits amounted to P16.01 billion last year from P15.13 billion in 2015, the company said. Consolidated

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Local treasurers estimate foregone annual revenue from mine slosure, suspension over P650-M

February 8, 2017

A directive of the Department of Environment and Natural Resources (DENR) to shut down or suspend the operations of 28 mine sites across the country will cost affected local government units in 10 provinces over P650 million yearly in foregone

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Reserves rose to $81.04 billion in January: central bank  

February 8, 2017

Gross international reserves rose to $81.04 billion, according to preliminary data from the central bank on Tuesday. In a statement, central bank officer-in-charge Nestor Espenilla said this level was higher by US$0.35 billion than end-December 2016 gross international reserves of

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(UPDATE) January inflation highest in two years

February 7, 2017

Philippine inflation was at its highest in two years as non-food items, like water, power, gas and other fuels, pushed it to 2.7 percent, the National Economic and Development Authority (NEDA) said in a statement Tuesday. The inflation rate was

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