Business

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Business process outsourcing company SPi Global has been given the highest award for Corporate Social Responsibility for the second straight year by the National Outsourcing Association (NOA). In a statement, Kerry Hallard, director of NOA said that, “’Their ‘Power to Inspire’ CSR initiative has helped children who need a helping…

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The disastrous manner in which the government responded to the aftermath of Typhoon Yolanda is not an encouraging sign of its ability to manage the much larger and longer-term task of rebuilding the vast region wrecked by the storm, but the recovery need not be a failure. If President B.S.…

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Among the member-countries of the Association of Southeast Asian Nations (Asean), the Philippines will have one of the highest annual gross domestic product (GDP) growth toward 2030, according to a Nagoya University economic study on Southeast Asia. The study authored by Ken Itakura, “Asean Prospects Beyond 2015: A Baseline Simulation…

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With the arrival of the “ber-months,” the National Economic and Development Authority (NEDA) said that the country’s importation rose by 7.2 percent year-on-year because of increased overseas buying of raw materials and intermediate goods needed for production of goods for the holidays. Socioeconomic Planning Secretary Arsenio Balisacan said that the…

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Standard Chartered Bank said on Tuesday that the Philippines’ trade deficit in the fourth quarter of the current year will continue to contract, according to the bank’s latest economic report on the Asian markets. In their report titled “Asian Manufacturing Continues to Recover,” Standard Chartered said that the Philippines’ third-quarter…

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The Bureau of Treasury (BTr) on Tuesday reported that the national government debt went down to P5.61 trillion as of end-September 2013. The bureau said that outstanding debt in September was 0.6 percent or P33 billion lower from the end-August 2013 level. Of the total government debt, P1.93 trillion or…

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Via an overnight equity sale, conglomerate JG Summit Holdings Inc. was able to raise P8.8 billion, which will be used to fund its acquisition of Manila Electric Co. (Meralco) shares. JG Summit told the local bourse on Tuesday that 220 million of its shares were sold via an accelerated overnight…

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Philippine shares settled with a modest recovery after almost extending its losing streak to its seventh day. For the first time in seven days, the Philippine Stock Exchange index (PSEi) recovered, albeit slightly, by 0.35 percent, or 21.11 points to close at 6,025.37. But the wider all-shares index remained on…

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Manila is ranked 10th among countries with a high seating capacity from low-cost carriers (LCC), increasing its LCC seating capacity by 2 percent amounting to 5.74 million seats for the first half of the year, according to travel technological analytics firm Amadeus. From its their travel portfolio solutions Air Traffic,…

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Listed Security Bank Corp. will start seeking regulatory approvals for its planned capital hike, which came after it secured go signal from shareholders to issue P1-billion worth of preferred shares. A disclosure to the Philippine Stock Exchange showed that shareholders of Security Bank approved on Tuesday the creation of one…