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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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BDO launches new peso sustainability bond offering

Banking & Insurance 0
BDO Unibank Inc., the country’s largest lender by assets, is returning to the domestic debt market with a new peso-denominated fixed-rate sustainability bond offering worth at least PHP5 billion, marking its second sustainability bond issuance this year as the bank continues to expand funding for green and socially responsible projects.

SM Hotels taps veteran executive to drive commercial growth

Travel & Tourism 0
SM Hotels and Conventions Corp. (SMHCC) has appointed hospitality veteran Melissa J. Carlos as vice president for commercial, strengthening its leadership team as the company expands its portfolio and sharpens its growth strategy in the increasingly competitive Philippine hospitality market.

Canadian firms eye Philippine tech talent, digital expansion

Communications & Technology 0
Canadian companies' planned USD130.89 million (P8.03 billion) investments in the Philippines could mark the next phase of growth for the country's IT and business process management (IT-BPM) industry, with demand shifting toward higher-value digital services, artificial intelligence (AI), cybersecurity, and global capability operations.

Nebraska eyes bigger farm partnership with Philippines

Agriculture 0
The Philippines could unlock fresh opportunities to modernize its agriculture sector as the US state of Nebraska seeks to expand cooperation in livestock, biofuels, and agricultural technology to help strengthen the country's food security and rural economy.

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