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Argentina permitted to tap IMF bailout
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»
‘Manila to be among largest megacities by 2050’
Manila is expected to be among the world’s largest megacities by 2050, helping drive faster economic growth for the country, according to UK-based Oxford Economics......»»
SMC eyes P20 billion fixed bond offer
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion......»»
SSS targets 20% profit hike to P100 billion
State-run pension fund Social Security System is expecting at least a 20-percent hike in its bottomline to breach the P100-billion mark this year on increased investment returns and enhanced collection efforts......»»
BIR eyes P325 billion from excise taxes
The Bureau of Internal Revenue targets to collect higher excise taxes of up to P325 billion this year as the government moves to improve the regulatory environment and address the still rampant illicit trade......»»
P12 billion cash aid to rice farmers fully distributed by June – Department of Agriculture
The Department of Agriculture (DA) targets to complete the distribution of P12.09 billion cash assistance to nearly 2.4 million rice farmers by the end of the first half after the program was hindered by last year’s election ban......»»
A Brown targets P1.5 billion from preferred share sale
A Brown Co. Inc. is targeting to raise up to P1.5 billion from the sale of preferred shares......»»
Gaming revenues beat target, hit record P285 billion in 2023
The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»
Xinhua world news summary at 0700 GMT, April 22
MANILA -- More than 16,700 Philippine and U.S. troops started their largest-ever annual joint military drills on Monday amid criticisms that the drills threaten regional peace and stability. According to the Philippine military, the 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 U.S. troops, making it the largest iteration of the Philippines-U.S. joint drills conducted.....»»
Leviste becomes largest shareholder of Roxas and Co
Solar energy trailblazer Leandro Leviste has acquired shares in listed Roxas and Co. Inc., making him its largest individual shareholder with shares equivalent to 7.55 percent of the company......»»
Japan slips into a recession and loses its spot as the world s third-largest economy
Japan slips into a recession and loses its spot as the world s third-largest economy.....»»
Largest Strike Yet by Lyft and Uber Drivers: A Brief Explanatio
Title: Ride-Hailing Drivers Stage Massive Strike Demanding Fair Pay and Better Protections On Wednesday, ride-hailing giants Lyft, Uber, and DoorDash experienced one of the largest.....»»
Japan slips into a recession and loses its spot as the world s third largest economy
Japan slips into a recession and loses its spot as the world s third largest economy.....»»
DOE lauds Philippines largest solar rooftop installation
The Department of Energy has commended the country’s largest consumer-driven solar rooftop installation, JG Summit’s Merbau project in Batangas City......»»
Israel sees decrease in foreign trade in 2023
Tel Aviv [Israel], January 23 (ANI/TPS): Israel's Central Bureau of Statistics (CBS) reported on Israel's foreign trade in 2023 as compared to 2022. The countries to which exports of goods (excluding diamonds) from Israel had the largest increases in 2023 were Morocco, Egypt, Hungary, Romania, Uruguay, Lithuania, Hong Kong and Poland. In contrast, the countries with the largest decreases in exports from Israel were Malays.....»»
Israel sees decrease in foreign trade in 2023
Tel Aviv [Israel], January 23 (ANI/TPS): Israel's Central Bureau of Statistics (CBS) reported on Israel's foreign trade in 2023 as compared to 2022. The countries to which exports of goods (excluding diamonds) from Israel had the largest increases in 2023 were Morocco, Egypt, Hungary, Romania, Uruguay, Lithuania, Hong Kong and Poland. In contrast, the countries with the largest decreases in exports from Israel were Malays.....»»
Largest retail store expands home delivery in Davao
Largest retail store expands home delivery in Davao.....»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»