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The Philippine economy is currently in a “sweet spot” with growth likely having accelerated in the first three months of the year, Moody’s Analytics said. “The Philippine economy likely grew 6.8 percent year-on-year in the first quarter,” it said in a report released over the weekend. Official gross domestic product…

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ECONOMISTS polled by the Bangko Sentral ng Pilipinas (BSP) expect inflation to hit an above-target 4.1 percent this year before decelerating over the next two years. “Using the 2012-based headline inflation data, [the] mean inflation forecast for 2018 was at 4.1 percent, while mean forecasts for 2019 and 2020 were…

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Despite a slowdown in February, the Philippine Exporters Confederation (Philexport) expects the country’s exports to grow between 8 percent and 10 percent annually. According to Philexport President Sergio Ortiz-Luis Jr., his group is confident that a downturn will not last and predicts a recovery on the back of global growth.…

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Despite a slowdown in February, the Philippine Exporters Confederation (Philexport) expects the country’s exports to grow between 8 percent and 10 percent annually. According to Philexport President Sergio Ortiz-Luis Jr., his group is confident that a downturn will not last and predicts a recovery on the back of global growth.…

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AYALA Corp. (AC) has an authorized capital stock of 1.21 billion shares, of which 900 million are common shares with a par value of P50 per share, according to a general information sheet (GIS) for 2017, received on May 19, 2017 by the Securities and Exchange Commission (SEC). In addition,…

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As the Philippine market becomes highly competitive, domestic conglomerates, and to some extent, second-tier companies, are utilizing inorganic growth through mergers-and-acquisitions (M&A) strategies to diversify, secure and improve their market positions, and to ensure their advancement and relevance in a fast-changing economic landscape. Interestingly in 2017, the Philippines’ reported deal…

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CONGLOMERATE Aboitiz Equity Ventures, Inc. (AEV) is allocating P77 billion for capital expenditures (capex) this year, which is more than double the budget in 2017, as more projects are set for construction in the coming months. Of this amount, P60 billion will go to its power subsidiaries, up to P5…

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FILINVEST Land, Inc. (FLI) has earmarked about P23.5 billion capital spending for this year to cement its position in the real estate market with new projects set for launch in the coming months. Josephine Gotianun-Yap, FLI president and chief executive officer, said the capital expenditure (capex) program this year is…

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PROPERTY giant Ayala Land, Inc. is set to develop a 290-hectare mixed-use estate in Tarlac within the next 12 to 24 months to take advantage of the robust growth of neighboring Clark Freeport in Pampanga. “What we are planning right now is another mixed-use estate,” Ayala Land head of strategic…

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