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Manila markets dismiss martial law fears It was “business as usual” in Mindanao on Wednesday after President Rodrigo Duterte declared martial law on the region the previous night, the central bank governor said, while financial markets in Manila shook off initial jitters and bounced back to a firm finish. Bangko…

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THE Management Association of the Philippines (MAP) said it sees President Rodrigo Duterte’s declaration of martial law for Mindanao to quash the terror acts committed by the Maute group as a good signal to the business community. “The President made a decision that is very decisive and that sends a…

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THE Bangko Sentral ng Pilipinas (BSP) on Wednesday said term deposit facility (TDF) continues to attract strong demand. Out of the P180-billion offer, BSP awarded P151.128 billion during the auction on Wednesday. The seven-day tenor was oversubscribed at P68.564 billion, prompting the BSP to fully award the P40-billion offer. But…

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THE government sees a substantial increase in trade and investment from the US, a trade official said on Wednesday. “There’s a substantial increase in investments and trade, and we’re very bullish about our relationship with the US,” Trade Undersecretary Ceferino Rodolfo told reporters. Total investment coming in from US is…

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GUANXI, China and the Philippines have signed new projects to expand economic and trade cooperation, enhance connectivity and match competitive industries. “The projects signed includes port cooperation, hydropower engineering contracting, Nanning-Manila direct tourist charter flights as well as tourism strategic cooperation,” Peng Qinghua, Secretary of Communist Party of China said…

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The Road Board on Wednesday said its mapping project will be completed by the last quarter of this year, which will allow the government to specifically identify roads that need repairs. The mapping project “Establishment of the Provincial and City Locational Referencing System and Conduct of Road Inventory Survey” started…

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Officials of about eight foreign banks have indicated interest in setting up shop in the Philippines. “There are definitely new players coming in. Some of those are directly linkable to ABIF (Asean Banking Integration Framework),” Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. told journalists Wednesday. Since Republic…

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Philippine Electricity Market Corporation (PEMC), the operator of the country’s wholesale electricity spot market, has partnered with the Philippine Science High School System (PSHS) to collaborate on learning activities and the implementation of Science Immersion Program. “With the signing of this agreement with PSHS, we position PEMC as a pivotal…

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