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Prime Pacific Grill Inc. (PPGI) is beefing up its brand portfolio with two new food concepts – Ramen Sora and the Yakitori Binchotan concept by Tokotaro. The two new restaurants will be operated under a joint partnership with the owner-operators of Ramen Sora and Tokotaro in Japan and the United…

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The Department of Agrarian Reform (DAR) is set to implement P56.6-million worth of projects in selected municipalities in North Cotabato to help alleviate poverty through value-chain analysis of key agricultural products of settlement areas. According to Marion Abella, provincial agrarian reform program officer II (PARPO), the projects, implemented under the…

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Every year, the Pacific Economic Cooperation Council (PECC) publishes its “State of the Region” report, one of the few such omnibus perspectives I actually look forward to seeing in my clogged e-mail inbox. This year’s report (the ninth produced by PECC), which arrived this week, is no exception. The reason…

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(Updated with additional details, official comment) The Philippines received another credit rating upgrade from Moody’s Investors Service on Thursday, with the outlook stable. Raising the country’s credit rating by a notch to Baa2 from Baa3, the global ratings agency said it based its decision on ongoing debt reduction, aided by…


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(Updates with official, private analyst comments; additional details) The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided to keep its key interest rates unchanged at the policy meeting on Thursday, seeing inflation largely stable amid global risks. “The Monetary Board’s decision is based on its assessment that the…

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The credit quality of banks in Asian countries like the Philippines is expected to remain stable next year despite increasing credit costs and weakening asset quality, Moody’s Investors Service said in a report. In its just released “2015 Outlook – Asian Banks: On Solid Footing Against Rising Credit Headwinds” report,…

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TWO unidentified people carted away some P100,000 after robbing a money remittance center in a remote village in Cantilan town, Surigao del Sur late Tuesday afternoon, police reports said on Wednesday. Reports reaching the Philippine National Police operations center in Camp Crame said that two armed men broke inside an…

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The Philippines’ largest Muslim rebel group negotiating peace with the government has accused the military of attacking its forces in the southern province of Basilan. Von Al Haq, a rebel spokesman, said troops on Tuesday fired cannons on MILF positions in the village of Ulitan in Ungkaya Pukan town. He…

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GOOD riddance. This was how the critics of the Aquino administration welcomed the quitting of Land Transportation Office Chief Virginia Torres who retired from her post on Monday per Malacañang. Party-list Reps. Neri Colmenares of Bayan Muna, Antonio Tinio of Alliance of Concerned Teachers and Luz Ilagan of Gabriela expressed…

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Argentine President Cristina Kirchner was recovering in hospital on Tuesday after successful surgery to remove a blood clot on her brain, officials said. Kirchner was said to be in “good spirits” following the operation, which came just three weeks before crucial mid-term legislative elections. A government spokesman said the surgery…

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Chinese police opened fire on a group of protesters in Tibet, injuring 60, overseas rights organisations said Wednesday, in the latest flare-up over the authorities’ tight control of the region. The demonstrators had gathered on Sunday to demand the release of a fellow Tibetan detained for refusing to fly the…