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Cryptoverse: Bitcoin defies its doubters in 2023

Communications & Technology Reuters Reuters -
If 2022 was the year that "broke bitcoin", 2023 has been the year of trauma recovery.

Ayala Health acquires control of Mercado Hospital

Corporate Context.ph Context.ph -
The Ayala Healthcare Holdings Inc. has increased its shareholding in Healthway QualiMed Health Network or the Mercado General Hospital Inc. to 94 percent, signifying its commitment to investing in healthcare in the Philippines. 

Uneventful 4Q seen lifting agriculture output performance

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) said agricultural production in the fourth quarter is seen buoyant. 

Meralco power rates decline as Dec generation fees ease

Energy & Mining Context.ph Context.ph -
Manila Electric Co., better known as Meralco, said Monday power rates in December decreased  by P0.7961 per kiloWatt-hour due mainly to reductions in generation charges.

China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens

Markets Reuters Reuters -
China's consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery.
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Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges 

Corporate 0
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.

Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B

Agriculture 0
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.

BPI eliminates corporate PESONet fees via BizLink to drive business efficiency

Banking & Insurance 0
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.

TD SYNNEX expands IBM distribution footprint across Asia Pacific, Europe and Latin America

Communications & Technology 0
Tech Data, a TD SYNNEX company and leading global IT solutions distributor, has announced the expansion of its IBM distribution network. The initiative covers 20 new markets across Asia Pacific, Europe, and Latin America. In the Asia Pacific region, the expansion adds six new markets – Hong Kong, Macau, Malaysia (operating under the Tech Data brand there), Indonesia, Cambodia, and the Philippines. This builds on the company’s existing IBM operations in Australia, India, Singapore, and Vietnam, bringing the total number of APJ markets supported to ten.

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