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BSP tracks strong outflows, weak inflows in October amid global uncertainty

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The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.

Inflation pressures remain as weather, peso weigh on prices

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The Bangko Sentral ng Pilipinas (BSP) on Friday projected that inflation for November 2024 will settle within the range of 2.2 percent to 3 percent.

Strategic liquidity management helps fuel 10-month loan growth

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Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

National government posts P6.3B surplus in October

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The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year. 

MGen expands coal-fired plans despite moratorium

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Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
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From vacation home to thriving staycation spot: One woman’s journey in Puerto Galera

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In the island destination of Puerto Galera, a simple vacation house has grown into a welcoming retreat for travelers—thanks to the determination of business owner Carmen Kanematsu.

FDC Green solar project cleared for operations

Energy & Mining 0
DC Green Energy Corp. (FDC Green), a wholly owned subsidiary of Filinvest Group’s utility arm FDC Utilities, Inc. (FDCUI), has secured a Certificate of Compliance (COC) from the Energy Regulatory Commission (ERC) for its 20.774-megawatt peak (MWp) ground-mounted solar facility at the PHIVIDEC Industrial Estate, signaling readiness to supply power to the grid.

Globe trims hybrid debt, strengthens balance sheet

Corporate 0
Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

DA centralizes farm reform programs under single office

Agriculture 0
The Department of Agriculture (DA) has created a single project management office (PMO) to oversee two major reform programs funded by the World Bank. The move aims to improve coordination, speed up implementation, and strengthen oversight.

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