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Chile discloses $5.5 billion stimulus plan

Chile launched a massive $5.5 billion stimulus package after data showed its economy contracted 3.4 percent in October — the largest year-on-year drop in a decade — as widespread social unrest continues. The package unveiled by Finance Minister Ignacio Briones on Monday includes boosting 2020 public spending by $3.03 billion, to support small, medium and […] The post Chile discloses $5.5 billion stimulus plan appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 3rd, 2019

Japan PM unveils $266B stimulus plan to boost economy

TOKYO, Japan Japan's government Wednesday, July 27, announced a stimulus package worth more than 28 trillion yen ($266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week.....»»

Category: newsSource:  rapplerRelated NewsJul 27th, 2016

Italian bank to shed 8,000 jobs

Italian bank UniCredit said Tuesday it would eliminate 8,000 jobs in Western Europe and close 500 branches by 2023 to cut costs by a billion euros. The mesures, which were outlined in UniCredit’s 2020-2023 Strategic Plan, represent 12 percent of full time equivalent (FTE) positions and 17 percent of its branches in Western Europe, the […] The post Italian bank to shed 8,000 jobs appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 3rd, 2019

BCDA involved in questionable P11-billion SEA Games deal | Evening wRap

Today on Rappler: BCDA, Malaysian firm ink questionable P11-billion SEA Games deal Multi-stakeholder group launches national plan for safety of journalists China condemns U.S. navy sail-by in disputed South China Sea Grab says riders to get rebate of 'less than a peso to over P100' Google shifts rules for political ads, pressuring Facebook – Rappler.com Executive Producer / Writer Lilibeth Frondoso Associate Producer / Publisher Marga Deona Jaira Roxas Master Editor / Playback Emerald Hidalgo Jaene Zaplan Jaen Manegdeg Quita Chuatico.....»»

Category: newsSource:  rapplerRelated NewsNov 22nd, 2019

PSE approves Phoenix P7-B share sale

THE Philippine Stock Exchange (PSE) has approved a plan for Phoenix Petroleum Philippines Inc. to raise P7 billion via a follow-on offering (FOO). In a regulatory filing late Thursday, the PSE said it authorized Phoenix to sell seven million preferred shares at a tentative price of P1,000 each. This is inclusive of a base size […] The post PSE approves Phoenix P7-B share sale appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 12th, 2019

$14 billion goal in sight for fighting AIDS, TB, malaria

LYON, France – Governments, philanthropists and private firms were on course Thursday, October 10, to reach a target of $14 billion for a plan to save 16 million lives in the global fight against the epidemics of AIDS, tuberculosis and malaria, French President Emmanuel Macron said. The money was promised at ........»»

Category: newsSource:  rapplerRelated NewsOct 11th, 2019

Plan to give P1.5 billion to each House deputy scrapped – Lacson

MANILA, Philippines — A plan to give all deputy speakers of the House of Representatives an additional allocation of P1.5 billion each and other Housse members P700 million each under the 2020 national budget did not push through, Sen. Panfilo Lacson revealed on Tuesday. The senator said he just recently learned that the plan was […] The post Plan to give P1.5 billion to each House deputy scrapped – Lacson appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2019

PBA in talks for East Asia collaboration

A plan to stage an annual home-and-away competition culminating in a Final Four with a SuperBowl atmosphere to start next year has been laid on the table by East Asia Super League CEO Matt Beyer for the PBA to participate in what promises to be the biggest regional basketball event involving four countries showing a combined population of two billion......»»

Category: sportsSource:  philstarRelated NewsSep 21st, 2019

West African leaders agree billion-dollar anti-jihadist plan

OUAGADOUGOU, Burkina Faso – West African leaders on Saturday, September 14, announced a billion-dollar plan to fight the rising problem of jihadist violence in the region, at a summit in Burkina Faso. The plan, to be funded from 2020 to 2024, was announced at end of the Economic Community Summit of ........»»

Category: newsSource:  rapplerRelated NewsSep 15th, 2019

Militant lawmakers vow to block selective ‘pork’

The bloc of militant party-list lawmakers in the House of Representatives yesterday vowed to oppose the reported plan to include P35-billion pork barrel funds in the proposed 2020 national budget......»»

Category: newsSource:  philstarRelated NewsAug 15th, 2019

Duterte to ask Congress about ‘pork’ in budget

President Duterte wants Congress to clarify the reported plan to include more than P35 billion in “pork barrel” allocations in the proposed P4.1-trillion national budget for 2020......»»

Category: newsSource:  philstarRelated NewsAug 9th, 2019

Insurers urge IC to cap capital hike to P900 M

Life and non-life insurers are asking the Insurance Commission (IC) to reconsider its plan to raise their capital requirement to P1.3 billion to ensure the industry’s competitiveness and to allow them to invest in digital technologies, according to the Philippine Life Insurance Corp. (PLIA)......»»

Category: financeSource:  philstarRelated NewsJul 31st, 2019

Modernization of Davao airport may not happen during Duterte’s term

DAVAO CITY (MindaNews / 23 July) – The long-awaited modernization plan for the Davao International Airport worth P40.57 billion may not happen soon as President Rodrigo R. Duterte said “Davao will be the last” among the airport development projects his administration plans to accomplish in the second half of his term. During his fourth State […].....»»

Category: lifestyleSource:  abscbnRelated NewsJul 23rd, 2019

BRT Route Altered

The Department of Transportation (DOTr) presented the new plan for the P16.3 billion Bus Rapid Transit (BRT) project in Cebu City. The construction of the BRT will start by the end of this year. “Definitely ang BRT sigurado na gyud magsugod ang construction before the end of the year,” Presidential Assistant for the Visayas (PAV) […].....»»

Category: newsSource:  metrocebuRelated NewsJul 19th, 2019

NLEX starts P1.6-B SFEX expansion plan

Metro Pacific Tollways Corp. unit NLEX Corp. has commenced with the P1.6-billion capacity expansion of the Subic Freeport Expressway (SFEX), which is expected to further ease travel in and out of the Subic Bay Freeport......»»

Category: financeSource:  philstarRelated NewsJul 18th, 2019

Recto backs DOF plan to tax Chinese POGO workers

The Senate is backing a government plan to run after tens of thousands of Chinese workers in the country who have not been paying income tax as the Bureau of Internal Revenue (BIR) targets to collect at least P22 billion a year in income taxes from Chinese and other foreign nationals employed in the booming Philippine offshore gaming operations or POGOs......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2019

P25-B Boracay action plan hailed

The Department of Tourism (DOT) is lauding the approval of the P25-billion Boracay Action Plan (BAP) as it would help sustain the island’s rehabilitation......»»

Category: newsSource:  philstarRelated NewsJul 4th, 2019

Malacañang approves P25-billion Boracay medium-term plan

PRESIDENT Rodrigo R. Duterte has approved the Boracay Medium-Term Action Plan, which covers measures for the resort island like enforcement of environmental rules and waste management......»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2019

Duterte OKs P25-B Boracay rehab action plan

President Rodrigo Duterte has approved the P25-billion Boracay Medium-Term Action Plan, which will install safeguards against ecological degradation while also sustaining tourism in the island......»»

Category: newsSource:  philstarRelated NewsJul 2nd, 2019

Palestinians reject U.S.-Bahrain peace plan as Israel advises surrender

MANAMA, Bahrain – The Palestinians on Monday, June 24, vowed to reject a US-led peace initiative to be presented in Bahrain that dangles the prospect of $50 billion as an Israeli envoy bluntly told them they should "surrender." Finance chiefs from the United States, oil-rich Arab states and international development ........»»

Category: newsSource:  rapplerRelated NewsJun 25th, 2019

China Bank to raise P5 billion from bonds

China Banking Corp. announced Thursday its plan to raise at least P5 billion through its maiden issuance of peso-denominated bonds......»»

Category: financeSource:  philstarRelated NewsJun 13th, 2019