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METRO Pacific Investment Corp. (MPIC) expects President Benigno Aquino 3rd to approve the Subic-Clark-Tarlac Expressway (SCTEX) concession before the end of the year. A top official of MPIC said that the Palace should approve the concession agreement for the long-term operation of the SCTEX by the Metro Pacific Group. “We…

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Dr. Hari Upadhyaya, head of Genebank at the International Crops Research Institute for the Semi-Arid Tropics (Icrisat), was recently conferred the 2013 Frank N Meyer Medal for Plant Genetic Resources Award by the Crop Science Society of America (CSSA) at its annual meeting held in Tampa, Florida. In his award…

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WITH concern for health a priority among Filipinos, majority of them are shifting from the traditional bank savings to investment tools that ensure better yields for their health needs in the future. This was the finding of Nielsen Global Survey of Saving and Investment, when it noted that 54 percent…

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BERLIN: Deutsch Bank, Germany’s biggest bank, announced late on Sunday (Monday in Manila) a surprise net loss of 965 million euros ($1.3 billion) in the fourth quarter of 2013, because of litigation costs and weakening revenues. In a statement issued more than a week earlier than markets expected, co-chief executive…


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Basel III should be considered a business advantage as it will push banks to use their capital wisely and seek for a more robust growth, accounting firm Punongbayan and Araullo (P&A) said in its quarterly report released in December 2013. The P&A report titled “Reason + Instinct: A look at…

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Rizal Commercial Banking Corp. (RCBC) has expressed optimism on a 30-percent loan book growth this year on the back of its investments in infrastructure projects such as the public-private partnership (PPP) program. In a recent press briefing, John Thomas Deveras, RCBC executive vice president and head of Strategic Initiatives, said…

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