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Philippines slips to fourth in global banana exports

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The Philippines is poised to lose its position as one of the top three banana exporters in the world, with projections showing the country will fall to fourth place in 2024.

PDIC’s P107B fund transfer to Treasury stirs risk debate

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In a move aimed at supporting the government’s economic agenda, the Philippine Deposit Insurance Corp. (PDIC) has remitted P107.23 billion to the Bureau of the Treasury (BTr), reinforcing the government's efforts to drive economic growth through major infrastructure and social programs.

BSP pushes for Open Finance, digitalization at annual reception

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In a call for continued collaboration on key financial innovations, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. on Friday night led the annual reception for the banking community at the BSP Complex in Fort San Antonio Abad, Manila.

Bank lending and domestic liquidity continue upward momentum

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Bank lending and domestic liquidity saw notable growth in November, signaling a resilient financial environment as the Bangko Sentral ng Pilipinas (BSP) continues to manage the balance between economic expansion and financial stability.

Megawide receives award for 1.87B Cavite BRT project

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Megawide Construction Corp. has officially received the Notice of Award from the Province of Cavite for its bid to build the long-awaited Cavite Bus Rapid Transit (BRT) system.
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SEC urges small business incorporation to encourage growth and funding

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The Securities and Exchange Commission is encouraging micro, small, and medium enterprises across the country to formally incorporate their businesses to access larger capital markets and secure long-term growth.

AirAsia PH launches P188 fare sale for local and international trips

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AirAsia Philippines has rolled out a special fare promotion with one-way base fares starting as low as P188 for select domestic and international routes, aiming to encourage more people to travel.

Telcos plan $500M domestic submarine cable network

Communications & Technology 0
The country’s three largest telecommunications companies are set to jointly invest around $500 million to build a nationwide domestic submarine cable network, the Department of Information and Communications Technology (DICT) has announced. DICT Secretary Henry Aguda confirmed that PLDT Inc., Globe Telecom, and Converge ICT Solutions Inc. will carry out the project, which will create a far-reaching undersea fiber optic system running from Batanes in the north, looping around Palawan, and linking islands throughout the Visayas and Mindanao.

Gov’t taps Japan nanotech experts in coconut research

Agriculture 0
The Philippine Coconut Authority (PCA) has formalized a partnership with Japan’s Mitsui to test advanced nanotechnology designed to boost coconut farming, moving forward with President Ferdinand R. Marcos Jr.’s goal of building a modern, technology-driven and sustainable agriculture sector that raises output and improves the lives of farmers.

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