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Foreign direct investments fall 31 percent in March

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The Philippines continued to generate lackluster interest from long-haul foreign investors that in March this year chose to invest even fewer funds than they...

Manila sovereign standing rated weak under latest S&P readings

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On a scale of 1 to 6, with 6 being weakest, the Philippine sovereign's institutional and economic standing is rated 4, according to the...

World Bank lifts PH growth outlook to 6%

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The Philippine economy is seen to expand faster than expected this year, driven by the resilience of domestic demand amid high inflation, according to...

Groups clash over fishing vessel monitoring measures

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Fishery stakeholders stand firm against the mandate for commercial fishing vessels to install tracking systems so that their fishing activities are effectively monitored by...

BSP cuts the banks’ deposit reserves

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Beginning June 30 this year, the various banks and financial institutions will observe substantially lower reserves on their deposit holdings, according to the Bangko...
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Aznar Shipping files IPO to fund expansion

Corporate 0
Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.

President Marcos secures $75M India pledges targeting rural health, digital rails

Trade & Investments 0
President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.

DOTr rolls out monthly financial aid to PUV operators

Transport & Logistics 0
Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.

New 8-car EMU trainset delivered for North-South Commuter Railway

Transport & Logistics 0
The Department of Transportation (DOTr) announced the arrival of a new eight-car electric multiple unit (EMU) trainset built for the Malolos-Tutuban segment of the North-South Commuter Railway (NSCR). This marks the fourth trainset secured for the project.

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