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House debates on P5.768-trillion 2024 budget begins Tuesday; eyes approval before break

Speaker Ferdinand Martin G. Romualdez on Sunday said the House is on track to expeditiously approve the budget submitted by President Ferdinand “Bongbong” Romualdez Marcos Jr. before Congress goes on recess later this month.

Global debt trends up anew

The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund's Global Debt Database. 

OFW remittance rise 2.5% in July as more Filipinos seek jobs abroad

Filipinos living and working overseas, including those working on passenger and cargo ships, sent home $3.32 billion in July, up 2.5 percent from the $3.24 billion they remitted in the same month last year, the Bangko Sentral ng Pilipinas said.

Expanded accounting helped push foreign debt $10.2B higher in June

The country stock of foreign debt stood $10.2 billion higher as at end-June this year to $117.9 billion, driven higher by loans contracted by...

BOC forfeits P42M smuggled rice in Zamboanga City

The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.

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Manulife Philippines names new chief marketing officer

Manulife Philippines has appointed Joy Ann Concepcion as its new chief marketing officer, effective Monday.

PH dismantler gears up for EV battery era

En Tsumugi ELV Dismantler Corp., the Philippines’ Toyota-endorsed end-of-life vehicle (ELV) facility, is ramping up its ability to handle electrified vehicles (xEVs) after completing specialized training in high-voltage battery dismantling.

Casiguran eyed as Philippines’ next pharma hub

Casiguran, Aurora may soon emerge as a strategic node in the Philippines’ pharmaceutical supply chain, as the Aurora Pacific Economic Zone and Freeport Authority (APECO) and the Philippine Pharmaceutical Procurement Inc. (PPPI) begin exploring plans for a dedicated pharma investment hub.

T-Bill yields climb as rate cycle turns

Philippine Treasury bill yields moved higher at Monday’s auction, as markets adjusted to the Bangko Sentral ng Pilipinas’ shift toward tighter monetary policy amid rising inflation risks.

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