ANNA LEAH E. GONZALES

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Two Chinese companies have offered to invest some $4.5 billion in the country, the Trade department said. The firms were identified as Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation, which plan to invest in iron and steel manufacturing and shipbuilding. “This is one of several…

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The National Privacy Commission (NPC) expects online stock broker COL Financial Group, Inc. to submit a detailed report on a data breach that may have compromised client accounts. “The commission shall be expecting to receive from COL Financial a full report on the incident within five days. This will aid…

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Exports of goods and services could grow by 6.5 to 7.5 percent this year, a Trade department official said on Friday, with revenues expected to hit $79.7 billion to as much as $80.4 billion. “There is a recovery in global demand, which is already happening now. Actually the strength of…

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The government is considering the grant of incentives for start-up investments and may even go into funding the sector, a Cabinet official said. “Looking forward, we would like to study certain policy interventions and hopefully we can look into incentives that can probably be given to those who would be…

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The Trade deparment is looking to spend P330 million for programs aimed at assisting Marawi City residents displaced by five months of conflict. Speaking at the sidelines of the 43rd Business Conference in Manila, Trade Secretary Ramon Lopez said the amount would be used for livelihood programs that will span…

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The government should retain incentives given to economic zone locators to encourage investments in the Philippines, the president of a Japanese business group said. Perks provided by the Philippine Economic Zone Authority (PEZA) are a “very strong point” for prospective investors, Japanese Chamber of Commerce and Industry of the Philippines,…

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The Philippines will be hosting an international construction forum next week with the aim of advancing Southeast Asian economic integration and making global players out of local and regional companies. The Asean+6 Construction Forum, which will be held on October 25 2017 at the Solaire hotel in Paranaque City, will…

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Philippine exports to the European Union could top $10 billion with companies continuing to benefit from the Generalized System of Preferences Plus (GSP+) scheme. With first half shipments already above $4.6 billion, “we now expect that exports from Philippines to the EU will exceed $10 billion this year,” EU Ambassador…

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Domestic public utility vehicle (PUV) manufacturers will be given “more favorable incentives” to make them more competitive amid government plans to modernize the transportation sector, a Cabinet official said. “We are promoting the local manufacturing of PUVs. They (PUV operators) should buy the locally manufactured vehicles to support the local…

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THE Philippine Economic Zone Authority (PEZA) is planning to turn about 8,000 hectares of land owned by the Philippine Mining and Development Corporation (PDMC) into mineral processing industry zones. PEZA Director General Charito Plaza said last week that PMDC has more than 8,000 hectares of mining areas, including Mt. Diwalwal…

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