Tag: Editors' Picks

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Japan cuts view on economy for first time in 10 months

Markets Reuters Reuters -
Japan's government on Wednesday slashed its view on the economy for November in its first such downgrade in 10 months, as weak demand weighed on capital spending and consumer expenditure.

Union Bank starts offer of new series senior fixed-rate bond

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines on Monday started the public offer of its 1.5-year senior fixed rate series F bonds due 2025 and its 3-year senior fixed rate series G bonds due 2026. The offer ends 29 November.

GM’s Cruise robo-taxi CEO resigns from company

Transport & Logistics Reuters Reuters -
The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet.

Small modular nuclear reactor project discontinued in the US

Energy & Mining Context.ph Context.ph -
The push for bring compact nuclear reactors to market stumbled last week as exponents of the clean-energy technology—Utah Associated Municipal Power Systems and listed NuScale Power Corp.-- decided to terminate their decade-old Carbon Free Power Project.

CAB keeps airline fuel surcharge unchanged for December

Transport & Logistics Context.ph Context.ph -
The Civil Aeronautics Board (CAB) has maintained the passenger and cargo fuel surcharge to level 7 for December due to lower jet fuel prices. 
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DOF calms LGU fears over property tax reform

Economy 0
The Department of Finance (DOF) has assured local government units (LGUs) that the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically increase property taxes, seeking to dispel concerns that the landmark reform could burden taxpayers and undermine local fiscal autonomy.

PhilWeb pivots to technology with Pragmatic Play partnership 

Sports & Entertainment 0
Listed PhilWeb Corp. is expanding beyond its traditional role as a gaming operator, striking an exclusive partnership with global gaming content provider Pragmatic Play to strengthen its position as a technology partner for the Philippines' regulated online gaming industry.

MCC grant boosts Philippine reforms, energy investment prospects

Energy & Mining 0
The Philippines has secured a USD60 million Threshold Program grant from the US Millennium Challenge Corp.

SAFC, BDO accelerate digital lending via payments partnership

Banking & Insurance 0
South Asialink Finance Corp. (SAFC) has teamed up with BDO Unibank Inc. to digitize its payment and collection systems, a move that could speed up loan transactions, improve operational efficiency, and expand access to financing services across the country.

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