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    FDIs nosedive by 46% to $448M in January

    The Philippines started on the wrong foot as foreign direct investments (FDIs) that entered the country nosedived by 45.7 percent to a 20-month low...

    Economy creates more jobs in February but not enough; rank of jobless rise

    Around 102,000 Filipinos joined the ranks of the unemployed in February,  raising the number of the jobless to 2.47 million from 2.37 million in...

    Statistics Office revise down 4Q GDP growth to 7.1%

    The Philippine Statistics Authority has released the revised estimates of the national accounts for the fourth quarter but the annual rates of growth for...

    Digital enterprises obliged to pay taxes, reminds BIR exec

    The Bureau of Internal Revenue (BIR) is reminding digital enterprises that, like traditional businesses, they are covered by the Tax Code and have tax...

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    Ilocos Norte OSW project secures environmental nod

    Buhawind Energy Northern Luzon Corp. (BENLC), an affiliate of PetroEnergy Resources Corp. (PERC), has received pre-development environmental clearance from the Department of Environment and Natural Resources (DENR) to proceed with critical site studies for its 2,000-megawatt offshore wind (OSW) project in Ilocos Norte.

    GCash, Pluang PH cleared to test US stock platforms in SEC sandbox

    The Securities and Exchange Commission (SEC) has approved the entry of G-Xchange Inc. (GCash) and Macodimarc Technology Corp. (Pluang PH) into its strategic sandbox (StratBox) program, a regulatory initiative designed to foster innovation in the capital markets.

    New alliance boosts sari-sari stores with loans, tech, and wi-fi

    Leading digital bank and fintech ecosystem Maya has partnered with retail chain Ultra Mega and connectivity provider GoodApps in a tripartite collaboration aimed at advancing digital financial inclusion for over 100,000 micro, small, and medium-sized enterprises (MSMEs)—with a focus on sari-sari stores across the Philippines.

    AirAsia Move faces legal heat over Tacloban fare hike

    The Department of Transportation (DOTr) announced plans to file an economic sabotage complaint against Malaysia-based online booking platform AirAsia Move, accusing it of charging exorbitant airfares for domestic flights, notably a recent Tacloban-Manila route that cost over ₱77,000 for two passengers.

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