KRISTYN NIKA M. LAZO, TMT

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Philippine stocks continued their upsurge on Monday with the benchmark index nearing the 6,900-point mark anew, which analysts attributed to “fundamentals of global and local markets.” The Philippine stock exchange index (PSEi) surged by 2.59 percent, or 173.65 points to 6,875.60, while the wider all-shares index increased by 1.96 percent,…

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Cemex Philippines, one of the biggest cement producers in the country, resolved to logistics and other technological advances in helping them have a smooth-sailing transaction in the coming rainy season. Having a big demand in cement this year because of the needs of the real-estate industry, Paul Arsenas, strategic planning…

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The cement industry sees infrastructure projects related to business process outsourcing (BPO) and properties development fueling the industry’s growth. “We have growing markets in Visayas like Iloilo, Bacol . . . [and these areas] have a call center already. So usually, when there’s BPO, all the developments are there. We…

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The wastes dumped in the country’s landfills need not go to waste. Cemex Philippines, one of the largest producers and distributors of cement in the country, announced on Wednesday that it would “go green,” by recycling wastes from landfills to fuels that will be used in mills processing its cement…

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The country’s largest sugar producer, Roxas Holding Inc., said on Friday that sugar exports may have a bright future in the form of pre-mix products like “3-in-1 coffee or powdered juice drinks,” according to an official of a private sugar firm. Archimedes Amarra, executive vice president for marketing and trading…

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Grand Plaza Hotel Corp. (GPH) will conclude its 9-year-old leasing agreement with the Philippine Amusement and Gaming Corp. (Pagcor) on July 10, after three consecutive contract renewals. In a statement released a the Philippine Stock Exchange on Friday, GPH said that it will end the leasing agreement of Pagcor to…

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Despite being diverse in the social networking community, Filipinos’ shopping habits “remain traditional,” according to recent Reader’s Digest survey. Entitled “Reader’s Digest Trusted Brands 2013 Survey” conducted to 7,000 respondents among seven Southeast Asian countries, it showed that 17 percent of 1,000 Filipino respondents changed their shopping habits, despite the…

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Foreign investors cite the lack of a long-term plan as a hindrance to investing in the Philippine cocochemical sector. Despite the growing appeal of the country to foreign partners as an investment site, Evelina Patiño, executive vice president of the United Coconut Chemicals Inc., said on Tuesday that the Philippine…

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Some 5,700 families in remote areas of Region 12 (Soccsksargen) stand to gain from the P16-billion water systems project that has been completed. Bai Zorahayda Taha, director of the Department of Social Welfare and Development Region 12, said on Friday that the “community-owned water systems” were installed in 10 barangays…

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