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PH, Ukraine boost ties amid global tensions

Context Dispatch Context.ph Context.ph -
The Philippines and Ukraine committed to strengthening their strategic partnership in response to rising global security threats, including Russia’s ongoing war in Ukraine and China’s aggressive actions in the West Philippine Sea.

MREIT eyes retail expansion, portfolio doubling

Corporate Context.ph Context.ph -
MREIT, Inc., the real estate investment trust (REIT) arm of property giant Megaworld Corp., is gearing up to double its gross leasable area (GLA) to 1 million square meters by 2027—this time by integrating retail and mall assets into its predominantly office-based portfolio.

Pure Energy Group acquires 71.68% of Coal Asia for P220.9M

Energy & Mining Context.ph Context.ph -
Coal Asia Holdings Corp., a publicly listed mining firm, announced that majority shareholders have agreed to sell a controlling 71.68% stake to a consortium composed of Pure Energy Holdings Corp., Pure Water Corp., and Quadwater Corp. in a deal valued at P220.9 million.

BDO names Rene Morta to senior IT post

Corporate Bulletins Context.ph Context.ph -
BDO Unibank Inc., the country’s largest lender and a key member of the Sy Group, has appointed veteran banker and IT strategist Rene Morta as senior vice president for IT Initiatives under the office of the bank’s president. The appointment takes effect on October 16.

Globe restores connectivity, offers relief after Typhoon Opong

Transport & Logistics Context.ph Context.ph -
Globe is continuing its efforts to support communities impacted by Typhoon Opong, focusing on restoring connectivity in South Luzon and the Visayas. The company has deployed its network and relief teams to aid in the recovery, with restoration work progressing across 29 affected provinces—14 in South Luzon and 15 in the Visayas.
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ASEAN signs digital pact targeting $2T economy by 2030

Communications & Technology 0
ASEAN trade ministers have signed a landmark Digital Economy Framework Agreement (DEFA), establishing common rules for online commerce, digital payments and cross-border data flows in a bid to double Southeast Asia’s digital economy to USD2 trillion by 2030.

Philippines, Canada conclude FTA talks, target 2027 signing

Trade & Investments 0
The Philippines and Canada have concluded negotiations for a bilateral free trade agreement (FTA), setting the stage for expanded market access, greater investment flows and new opportunities for exporters, service providers and small businesses.

ADB: ASEAN needs USD7.1T for infrastructure, bankable projects lag

Trade & Investments 0
Southeast Asia needs an estimated USD7.1 trillion in infrastructure investment through 2040, but a shortage of commercially viable projects is preventing governments from mobilizing enough private capital to meet the region’s growing needs, Asian Development Bank (ADB) President Masato Kanda said Saturday.

A week of unfortunate events: Ay, naku!

Opinion 0
If the past week's tea leaves had a message, it was this: ay, naku. The economy served up a one-two punch of sluggish growth and runaway prices, then appeared to ask whether we wanted seconds. Monday brought third-quarter GDP growth of 2.1 percent, down from 2.4 percent in the previous quarter and below the 2.8 percent consensus forecast. That marked five consecutive quarters of slowing growth and the weakest performance since the pandemic. October inflation, meanwhile, averaged 7.8 percent. Some wanted the monetary authorities to wield a bigger stick through a jumbo rate hike. Tame prices without choking an already parched economy? Sige, good luck. With stocks around 5,600 and the peso near P64 to the dollar, even sharply cheaper gasoline felt less like salvation than a promo expiring next week.
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