RAADEE S. SAUSA, TMT

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The country’s most competitive local government units (LGUs) were recognized on Wednesday with the release of the latest Cities and Municipalities Competitiveness Index. Topping the list of the most competitive highly urbanized cities (HUC) was Quezon City, followed by Manila and Davao, the National Competitiveness Council (NCC) announced. Antipolo City…

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THE Federation of Philippine Industries Inc. (FPI) wants the government to approve the use of palm oil as a biodiesel additive, citing cost considerations. “We now working with the Department of Energy to include palm oil as high as 5 percent in the specification of biodiesel since it is cheaper,”…

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MORE inclusive businesses (IBs) are contributing to economic growth in the Association of Southeast Asian Nations (Asean) by providing income opportunities and affordable services and, a trade official said. “Because inclusive business creates jobs with the goal of bettering our quality of life, especially for low-income communities, they help us…

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THE Board of Investments (BoI) has approved an air transport project under the public infrastructure and logistics activity of the 2017 Investment Priorities Plan (IPP). In a staement, the agency identified the project as Cebu Air, Inc.’s P6.1 billion acquisition of one Airbus A330 to add to its current fleet…

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HYUNDAI Asia Resources Inc. (HARI) posted 21 percent growth in July 2017 to 3,594 units compared to the same month last year. This propelled HARI’s year-to-date sales to 20,960 units, up 8 percent year on year. “The commitment of HARI in fostering a culture of excellence continues to manifest as…

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THE prices of chicken have gone down in public markets as consumers avoided buying poultry products because of the bird flu outbreak reported in Pampanga. On Monday, the cost of chicken in Farmers Market in Cubao went down by P15, from P160 a kilo to P145. Marilyn Napoles, a vendor…

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Investment pledges could exceed this year’s P500 billion target, a Cabinet official said, given continued interest by both local and foreign companies. “P550 billion is doable, because we have possible new investments and expansion on the list. Both local and foreign investors,” Trade Secretary Ramon Lopez told The Manila Times.…

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Negotiations for the proposed Regional Comprehensive Economic Cooperation (RCEP) trade deal are now close to substantial conclusion, a Cabinet official said. “Overall, there are more or less two countries that still can’t commit on what percentage we want, which is 92 percent on the tariff products. These two countries are…

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The number of visiting foreigners rose by 12.7 percent to 3.3 million in the first six months of 2017 compared to the same period last year, the Tourism department said on Friday. “For the period of January to June 2017 foreign tourist arrivals rose … to 3.3 million from three…

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FIVE British companies have expressed interest in setting up shop in the Philippines, a foreign business chamber official said. “There are five British companies still studying to set up business in the Philippines,” said Chris Nelson, chairman of British Chamber of Commerce Philippines, at the sidelines of Thursday’s Dutertenomics Forum.…

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