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Private think tank Stratbase-ADR Institute (ADRi) for Strategic and International Studies on Wednesday warned that the Duterte administration’s “independent” foreign policy could derail its own 10-point economic agenda. ADRi President Victor Andres Manhit said President Rodrigo Duterte’s foreign policy is alienating major economic partners and creating an “unwelcoming” environment to…

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STRONG macroeconomic fundamentals will continue to give the peso the stability a currency needs, according to government economic managers, but an analyst believes monetary authorities will have to tap its dollar reserves to keep the currency stable. On Wednesday, the peso returned to a seven-year low of P48.25:$1 after gaining…

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The Insurance Commission (IC) is optimistic that the growth of the industry will recover in the third quarter of the year despite the recent weakness in financial markets. “I am optimistic that in the third quarter, we will post modest growth because the bulk of the premium is generated by…

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The International Tobacco Growers’ Association (ITGA), which has 24 member countries including the Philippines, on Wednesday described as “undemocratic” and “exclusionary” the ban imposed by the World Health Organization on participation by the appointed and elected officials in the Conference of Parties to be held in Delhi, India in November.…

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Prospects for investment in the Philippine industrial real estate market are looking bright due to a current shortage of developed property in the sector, a real estate analyst said. In an interview last week, Monique Cornelio-Pronove, chief executive officer of Pronove Tai International Property Consultants, told The Manila Times that…

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A senior policy adviser for a think tank focused on low-carbon development initiatives and fair climate policy urged the Senate Energy Committee on Wednesday to create more opportunities for renewables in the country’s energy market. “Opening a level playing field for diverse energy solutions reduces the country’s exposure to fluctuating…

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The Philippine Coconut Authority (PCA) on Wednesday said that its 60-day emergency containment measure against the aggressive “cocolisap” or coconut scale insect (CSI) infestation in the province of Basilan is now in full force and the rehabilitation program will follow immediately. “Expressing his serious concern with this [cocolisap] problem, Cabinet…

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THE Philippine market broke its three-day decline on Wednesday after Hillary Clinton’s apparent victory in the first US presidential debate on Tuesday (Manila time) encouraged bargain hunting in oversold stocks. The Philippine Stock Exchange index (PSEi) rose 0.39 percent or 29.62 points to 7,586.96, while the wider All Shares index…

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