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WASHINGTON, D.C.: The US Federal Reserve is likely to make a final push into the post-crisis era this week with a decision to finally wind up its six-year-old economic stimulus operations. A few worrisome clouds over the global economy might be expected to give Fed Chair Janet Yellen’s Federal Open…

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PARIS: Facing subdued growth at home, a growing number of Western investors are now looking to Africa’s “frontier markets” for high returns and hoping the continent’s budding exchanges can help them tap in. The International Monetary Fund (IMF) predicts sub-Saharan Africa’s economy will expand by 5.1 percent this year and…

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PARIS: Thailand went on a charm offensive in defense of its prawn industry this week, seeking to convince Europeans that it is responding to allegations of slavery and torture in its fisheries sector. The fishing industry accounts for 40 percent of Thai exports of food products and is a mainstay…

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IF I were among the public investors caught holding certificates of shares in Primetown Property Group Inc. (PPGI), I would have given up hope a long time ago of recovering even a few centavos per peso of my investment. How could I even entertain the idea of someday either recouping…


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A TRIBAL, energetic old woman is driving her carabao and cart down a rural dirt road when she gets pulled over by a strict barangay policeman. “You have an overloaded cart,” says the policeman. “But more importantly, one of your reins is looped around the carabao’s balls. That’s cruelty to…

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THE CONTINUING battle between Global Gateway Development Corp. (GGDC) and Peregrine Development International Inc. (PDII) over the development of the 177-hectare Global Gateway Logistics City (GGLC) project in Clark Freeport Zone in Pampanga has taken a definitive turn after the Court of Appeals (CA) ruled in favor of GGDC. In…

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The National Economic Development Authority (NEDA) director general said that the Philippines is becoming more of an “investment-led and industrialized” economy, shifting from being consumer-centric to more of a producing and manufacturing economy. NEDA Director General and Socioeconomic Planning Secretary Arsenio Balisacan said that the country is “in the process…

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Amid reports of Malacañang’s “distrust” at the National Bureau of Investigation (NBI), a Palace official clarified on Monday that the problem with the office is not institutional but some individuals who are “less trustworthy.” Palace Spokesman Edwin Lacierda said in a press briefing that President Benigno Aquino 3rd shares his…

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COMMERCIAL bank Philippines Veterans Bank (PVB) launched its new innovative and value-added service called Veteran Teller All-in-One ATM/ID Card that can be used to perform various banking transactions. In a statement, PVB said that the launching of the multi-functional card is part of its business expansion plan for the remainder…

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The Bangko Sentral ng Pilipinas (BSP) reminded banks and non-bank financial institutions to secure an opinion from the Monetary Board (MB) before releasing loans to local governments. In a statement on Monday, the BSP said that “local governments units (LGUs) planning to borrow funds from domestic sources need to request…

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While snide remarks have circulated regarding the so-called “special treatment” given to Janet Lim-Napoles while being detained, Interior Secretary Manuel “Mar” Roxas 2nd on  Monday shrugged them off, saying it was better to have her alive than dead. Napoles, the suspected brain of the P10 billion pork barrel scam, was…