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Presidential trips abroad bolster BOI-approved investments–DTI

Investment pledges approved by the Board of Investments in the first nine months of this year has more than doubled to P734 billion from the year-earlier period, bolstered by gains from the foreign visits of President Ferdinand Marcos Jr., a trade and industry official said Tuesday.

Bautista hales Manibela, reporter to court in cybercrime complaint

Transportation Secretary Jaime Bautista on Tuesday filed cybercrime complaints against Manibela president and former ABS-CBN reporter before the Department of Justice (DOJ) over allegations of corruption in the agency.

BPI starts Tuesday sale of 6.425%P5B, 1.5-year peso, fixed-rate bond

The Bank of the Philippine Islands said Tuesday it has set the coupon rate of its 1.5-year peso fixed-rate bonds due 2025 at 6.425 percent. The bond has an aggregate principal amount of P5 billion, with option to upsize if warranted by demand. 

Data streaming available to more countries with Alibaba Cloud

Confluent, Inc., the data streaming pioneer, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, on Tuesday announced a deepened strategic multi-year partnership expanding the breadth and scope of solutions available to customers in Asia. 

Remittances hit $3.1B in August

The personal remittances of overseas Filipinos (OFs), a potent source of foreign exchange for the Philippines, increased by 2.8 percent to reach $3.10 billion in August 2023 from only $3.02 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said on Monday. 

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Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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