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    Long haul foreign investments seen rounding 2024 as net inflows of $9.5 billion

    Foreign direct investments (FDI), the kind that stays invested for the long haul and generates employment for Filipinos, is seen aggregating USD 500 million this year...

    Metro Manila daily minimum wage increases by P35 on July 17

    The daily minimum wage in Metro Manila for private sector workers will increase by P35 starting July 17, a salary adjustment that will directly impact 988,243 minimum wage earners and may also affect around 1.7 million employees paid higher salaries.

    Fitch Group unit BMI cites EO 62 adverse impact on global rice price

    Think tank and Fitch Group unit BMI said the Manila decision reducing the tariff on imported rice could help push the price of the staple higher in global markets.

    Government budget deficit widened in May to P174.9 billion on higher spending

    The national government recorded a wider budget deficit of P174.9 billion in May as the 22 percent increase in spending outpaced the 15 percent growth in revenue.

    BDO’s Nestor V. Tan headlines BANCNET board directors

    The shareholders of electronic banking consortium BancNet have elected new directors to its board during their annual meeting held 18 June 2024.

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    Jollibee subsidiary acquires Korea’s leading hot pot chain

    Jollibee Foods Corporation’s subsidiary, Jolli‑K Co., Ltd., will fully acquire All Day Fresh Co., Ltd., the operator of South Korea’s top hot pot brand, Shabu All Day, in a deal valued at around US$87 million.

    Lender reports higher gains in customer satisfaction

    Security Bank reported higher customer satisfaction in 2025 after streamlining key services and expanding digital options.

    SM honored for going beyond plastic law compliance

    The Department of Environment and Natural Resources (DENR) has awarded the SM Group for its strong support of the Extended Producer Responsibility (EPR) Program aimed at cutting plastic waste.

    MPower expands retail aggregation deal with Mr. Freeze

    MPower, the retail electricity supplier of Manila Electric Company (Meralco), has expanded its partnership with Mr. Freeze Tube Ice Inc. by enrolling four more ice plants under the Retail Aggregation Program (RAP).

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