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Thursday, 01 May 2025, 2:28 pm

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    BOP deficit in October signals short-term challenge, but strong surplus underpins economic resilience

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    The Philippines posted a balance of payments (BOP) deficit of USD724 million in October, marking a stark contrast to the USD1.5 billion surplus recorded in the same month last year.

    Treasury yields rise at Monday’s auction

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    Treasury bill yields were higher at the auction Monday, reflecting the rise in the secondary market after cautious comments from the U.S. Federal Reserve on the outlook for monetary policy easing.

    Remittances surge: Overseas Pinoys drive economic growth

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    Personal remittances from overseas Filipinos (OFs) continued to strengthen in September, rising by 3.3 percent to USD3.34 billion from USD3.23 billion in the same month last year, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

    Remittances surge in September

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    Personal remittances from overseas Filipinos (OFs) grew by 3.3 percent in September 2024, reaching a total of USD3.34 billion, up from USD3.23 billion in the same month last year, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

    Top Line gears up for P2.75B IPO as Central Visayas economy surges

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    Cebu-based fuel retailer Top Line Business Development Corp. is gearing up for its public debut with an initial public offering (IPO) aimed at raising up to P2.75 billion to fund its ambitious expansion in the thriving Central Visayas economy.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Abby Binay says tax exemption of overtime pay, bonuses to boost financial security of workers, improve quality of life of families

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    Senatorial candidate and Makati Mayor Abby Binay has renewed her commitment to advocating for the tax exemption of overtime pay and bonuses like the 13th month pay to promote financial security among government and private sector workers and their families.
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    Japan, PH Coast Guards strengthen ties in landmark meeting

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    Japan Coast Guard (JCG) Commandant Seguchi Yoshio and Philippine Coast Guard (PCG) Commandant Ronnie Gil Gavan recently held their first in-person meeting, marking a significant step in bolstering maritime cooperation between the two nations amid growing regional security challenges. In a statement following the meeting, JCG Commandant Seguchi emphasized the strategic importance of bilateral cooperation in advancing a "free and open Indo-Pacific," a vision both Tokyo and Manila share in response to increasing tensions in regional waters. He described the face-to-face dialogue as a “valuable opportunity” for candid discussions, highlighting the depth of mutual commitment to maritime security and operational collaboration.
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    MSCI upgrades Converge ICT ESG rating to ‘AA’

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    Lead fiber broadband and technology provider Converge ICT Solutions Inc. has earned an upgraded Environment, Social, and Governance (ESG) rating of ‘AA’ from MSCI, signaling its status as industry leader in sustainability and risk management practices.
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