Business

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WARSAW: Britain said on Wednesday (Thursday in Manila) that it would join the United States in a charge to curb financial aid for building coal-fired power plants abroad. The announcement was made at United Nations climate talks in Warsaw where the fossil fuel—the biggest single contributor to global warming—has been…

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A China-based company, Kuan Yu Global Technologies Inc., will head the clean-up operation for the Iloilo oil spill, which came from the 32-megawatt (MW) Power Barge 103 (PB103) that was swept aground by strong winds and rising storm surge of Super Typhoon Yolanda early this month. The oil spill in…

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The recent Supreme Court declaration of the unconstitutionality of the Priority Development Assistance Fund (PDAF), or pork barrel, has put to rest the question of the legislature’s authority to have the fund under their control. Whereas, prior to its scandalous deposition, everyone in the legislative and the executive branches of…

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More companies are seen making their debut in the Philippine Stock Exchange (PSE) amid the unchanged overall bright outlook toward the country’s stock market. Hans Sicat, PSE president and chief executive officer, said that while there may be few more companies that will try to make their maiden share sale…

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First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific said that the country’s economy growth as measured in gross domestic product (GDP), may expand “7.3 percent in the third quarter” but can go below 6 percent in the fourth quarter, because of the devastation brought by…

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The market, as pale as it has been for the past sessions this week, remained sluggish and ended with losses on Wednesday. “All fingers point to [Typhoon] Yolanda, with the market supposedly continuing to feel the after-effects even as relief operations pick up and efforts shift to rebuilding and rehabilitating…

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Before Super Typhoon Yolanda brought unspeakable destruction and carnage to the Visayas region, the term “storm surge” was not yet part of the Filipino lexicon in relation to disaster preparedness. Despite the early warnings and anticipation that it could be the strongest typhoon to hit Philippine shores to date, nobody…

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Maynilad Water Services Inc. (MWSI) is looking to ramp up its capital spending to P18 billion next year, which will be largely spent for sewerage and pipe-laying projects. Herbert Consunji, MWSI chief operating officer, said in a text message to reporters that the capital expenditure (capex) of the company next…

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TOKYO: Enhanced interaction between cars, pedestrians and the infrastructure surrounding them—as well as other vehicles—will define motoring in the near future. This is the message of the Japanese carmakers are announcing at the start of the 43rd Tokyo Motor Show on Wednesday, as they present their latest models and technologies…

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Bank’s real estate exposure (REE) remains manageable as it stood at P900.1 billion in June this year, up by 6.8 percent compared to the bank’s exposure a quarter ago, data from the Bangko Sentral ng Pilipinas (BSP) showed on Wednesday. The REE of universal and commercial banks (U/KBs) and thrift…