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Banks still resilient – BSP

The financial system is in a strong position to both weather the significant economic effect caused by the Covid-19 pandemic and support the country’s economic recovery. Photo by PNA
Business

Public warned vs Masa Mart

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Business The grant will support the implementation of infrastructure projects and other development initiatives of the Duterte administration. Photo by PNA

China grants P3.72B for PH infra projects

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Business Lockdowns, limited economic activity, and weak consumer demand amid the pandemic were blamed for the decline in the sales of imported vehicles. Photo by PNA

Pandemic further drops sales of imported vehicles

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Business Photo by DARREN LANGIT

Telcos face penalties for online child abuse

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Business While the initiative for Cha-cha aims to lift certain restrictions in the economy, there are pending bills that can push for economic liberalization. Photo: PNA

Businessmen oppose Cha-Cha

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Business Around 57 million Filipinos will benefit from the funds allocated by the national government for the vaccination program. Photo: PNA

P75B enough for vaccine acquisition–DOF

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Business Last year’s collection of the two agencies was P246.39 billion or 11.27 percent over the P2.187-trillion revised target set by the Development Budget Coordination Committee on July 23, 2020. Photo: PNA

Collection agencies breach targets despite pandemic

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Business Photo: AsiaOne / Abante TNT

DITO scolded for ‘myopic’ mindset

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Business Contributing to output volume decline is the on-going lockdown restrictions and poor weather conditions. Photo: PNA

Factories’ output down

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Business Photo: PNA

Easing quarantine, vaccine deployment pushed

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Business AVISADO

Proper use of P838B anti-Covid budget vowed

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Business Campos with wife Makati City Mayor Abby Binay and daughter Martina Photo: FB abby.binay

Delinquent telcos face P365M fines

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Business Spending that includes various Covid 19 financial assistance and recovery measures pushed the budget deficit up. Photo: PNA

Budget deficit balloons to P1.069T

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Business Smart has increased the number of its base stations and rolled out additional 5G sites as it accelerates its 5G commercial services nationwide. Photo: PNA

Permits for cell sites secured

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Business

SSS defends contribution hike

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Business

SMC clarifies proposal on NAIA

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Business More than 2.5 million farmers and fishers have benefited from assistance in the form of soft loans, subsidies and training programs from Landbank.

Agri sector gets P230.23B loan from Landbank

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Business

Car sales in November down

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Business Photo: Young Entreprenuers Society of the Phils

DITO warned not to ‘hoodwink’ Congress

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Business Export receipts for exported mineral products this year were generated from copper concentrates, copper metal, gold , iron ore agglomerates, chromium ore , and other minerals. PHOTO: PNA

Mineral products export earnings up

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Business Demand for office space continues to be high in Metro Manila, particularly in Quezon City, Ortigas in Pasig City, and Makati City at 69 percent, followed by those from Iloilo and Cebu. PHOTO: PNA

IT-BPM expands opportunities for real property sector

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Business

SEC lauds court ruling vs fraudsters

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Business

Padlocked shops settle P582.5 in taxes

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Business Local abaca fibers is one of the value-added textiles identified to have potential in FFTA and larger European markets. PHOTO: PNA

PH products with big export potential tagged

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Business Adding more players to the local construction market amid the COVID-19 pandemic is untimely. Photo: PNA

Unregulated entry of foreign contractors threatens MSMEs

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Business

Gokongwei bats for ‘immunity passport’

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Business The government targets $122 billion to $131 billion revenues from goods and services exports by the end of 2022. Photo: PNA

2022 export revenues to hit $122B

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Business Some 800,000 jobs were brought back into the labor market in October. Photo: PNA

Jobless numbers drop in October

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Business Impact of recent typhoons partly hindered chances of economic recovery brought about by improved people’s mobility and employment. Photo: PNA

Typhoons jam economic recovery

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Business Countering the impact of lower margins and lack of extraordinary trading gains are the expanded loans and reduced credit provisioning. Photo: PNA

Banks to keep robust profitability

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Business The improvement in output was attributed to the reopening of businesses and softer reduction in new orders. Photo by PNA

Factories showing promising signs

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Business It is a must for the government to show pandemic management while reopening the economy to show public it is on top of the situation. Photo: PNA

Synergy in reopening economy pushed

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Business The country positions itself to become the hub for aerospace manufacturing and aftermarket services in the Asia Pacific. It is currently producing aerospace parts, such as flight control actuation systems, interiors, lavatories, galleys, oxygen systems, and panel assembly as well as product design engineering. Photo: PNA

5 investment priority sectors launched

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Business BDO branches are open until 4 p.m. and can be tapped to provide various banking services, including foreign exchange and encashment requirements. Photo: bdo.com

BDO in full operation amid pandemic

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Business

IKEA hiring 500 workers

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Business Revenue outlook for the IT-BPM industry at end-2020 is at $26 billion, while full-time employment will remain at 1.3 million. Photo by PNA

Flat growth for IT-BPM industry seen

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Business People are very cautious about getting sick and are holding back on spending. Photo: PNA

Covid vaccine to restore consumer confidence

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Business Presently banking on its array of fiscal measures, the government doesn’t need to borrow from the BSP for now, the Finance Department said. Photo by PNA

No need for BSP loans – DOF

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Business Hew: In terms of economic losses, this has been a year like no other. Photo: Apec.org

APEC economic growth down 3.7%

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Business Members of A Better Real Estate Philippines Movement wants to amend the Real Estate Service Act of 2009 to get rid of “unnecessary educational requirements”, redundant accreditation, and the requirement of assigning at least one licensed broker for every 20 accredited salespersons.

Court asked to relax rules for real estate brokers

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Business The Chamber of Automotive Manufacturers of the Philippines, Inc. recorded another month-on-month sales growth for October, the highest since the onset of the Covid 19 pandemic. Photo: PNA

Vehicle makers to hit new sales target

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Business Borrowers that PNB officials are monitoring include restaurants. Photo: PNA

PNB sees leap in NPLs

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Business Discussions are being conducted in the Senate for the CREATE bill, which eyes the income tax holiday period to be offered from two to four years. Photo: PNA

Make tax bill investor-friendly, solons urged

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Business Additional funds for local government units, particularly those affected by Typhoon Quinta, followed by Super Typhoon Rolly and then by Typhoon Ulysses will be immediately released, according to the DBM. Photo: PNA

DBM assures calamity funds for LGUs

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Business Addressing cybercrime is one of the objectives of the data connectivity tie-up between the Bangko Sentral ng Pilipinas and the Monetary Authority of Singapore. Photo: PNA

BSP boosts info sharing with Singapore

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Business

Biden a boon to PH

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Business CHUA Photo: Rappler

Expect higher food prices, NEDA says

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Business

No price hikes for noche buena goods

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Business Markets around the world already rebounded by more or less 50 percent from its lowest point in March. Photo by PNA

Best stock market returns during pandemic—expert

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Business Complaints against Lazada grew more than triple while that of Shopee increased over five times.

Shopping giants top online complaints

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Business Banks need to lend more to help boost economic recovery. Photo by PNA

Economy needs more help from banks

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Business SMC vowed to continue delivering its commitment to help the country build back better and stronger as the country emerges from the pandemic. Photo by PNA

SMC turns around in Q3

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Business Counting of the period within which to pay local taxes, fees, and charges are also suspended until December. 19, 2020, including the period for the redemption of real properties sold or forfeited at public auction. Photo by PNA

Tax deadline moved

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Business Effects of typhoons and La Niña on the agriculture sector and food prices pose upside risks to inflation. Photo by PNA

October Inflation on target

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Business With sustained reopening of businesses, authorities believe the worst is over for the local economy. Photo by PNA

Worst over for PH economy

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Business ZHAN

Global FDI plunges 49% in H1

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Business Along with upticks in power rates in areas being serviced by the Manila Electric Company (Meralco), hikes in prices of liquified petroleum gas and other items are seen to accelerate inflation rate last month. PHOTO: Philippine Star

BSP sees 2.3% inflation for October

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Business RICAFORT

Gov’t debt sustainable

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Business Consumers were warned against buying products with no English or Filipino translation in their labels as they could be smuggled goods that do not meet the safety standards of the government. PHOTO: PNA

Group calls for strict import rules

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Business Weak client demand in domestic markets, a sharp contraction in employment, and lower production weighed on the health of the manufacturing sector. PHOTO: PNA

PH factories won’t recover soon

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Business Professional technicians for repairs and maintenance of appliances, such as air conditioners, refrigerators, washing machines, water heaters, and mobile devices are welcome to join the technology startup firm. PHOTO: MaharlikaTV

Startup firm offers jobs for technicians

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Business Most of the damaged infrastructures in the energy sector were electric posts and transmission lines. PHOTO: PNA

Typhoon ruins costly power lines

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Business The electronic payment system has registered a 688-percent rise in transaction volume from 162 to 1,277 as of end-June this year. PHOTO: PNA

Use digital payment systems, LGUs urged

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Business The increased borrowing for this and next year will be used to finance programs targeted to address the impact of the pandemic. PHOTO: PNA

Gov’t to borrow more amid higher collections

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Business Ilonggos and Megaworld’s Iloilo Business Park in Mandurriao district inspired Asurion’s expansion. PHOTO: PNA

Tech support firm generates jobs

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Business Petron refinery business is hounded by pandemic impacts and uneven playing field against importers in terms of taxes. PHOTO: PNA

DOE monitoring closure of oil refineries

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Business One of the government’s measureto enhance outbound trade and inbound investment with the EU is to increase engagement with individual EU member states. PHOTO: PNA

PH in free trade talks with EU

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Business

Move to revive idle mining assets

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Business Many senior citizens and persons with disability above 65 years old purchase food items and other goods online and are not able to claim the discounts granted by law. PHOTO: PNA

Discounts on online purchases for elders, PWDs pushed

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Business Filipinos are slowly embracing insurance products to bolster their financial resilience. PHOTO PNA

Financial inclusion a must for sustainable growth

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Business Farmers benefitted from LandBank’sregular loan offerings and lending programs jointly implemented with the Department of Agriculture and the Department of Agrarian Reform. PHOTO PNA

Loans for over 2M farmers, fishers

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Business The increase in stock market and bond prices in the US and other countries also boosted the Philippines’ BOP position since it increased income from foreign investments of both the Philippine government and other local residents. PHOTO: PNA

Steady rise in BOP surplus seen

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Business More young Filipinos can now continue studying in college with the ‘study-now, pay later’ program of the state pension fund. PHOTO: PNA

P20B study-now, pay-later loan program launched

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Business Despite the reopening of economic activities, health protocols to minimize the risk of contracting coronavirus disease 2019 were not relaxed.

Quarantine rules in ‘perfect balance’

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Business Service contract holders are estimated to pour in $25 million upon lifting the moratorium, and increase these investments to $78 million as they fulfill their work commitment programs.

Oil, gas search resumption boon to employment

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Business Banks continue to open up more branches to reach more people but in reality, there are still a lot of people who remain unbanked. PHOTO: facebook.com

Banks no longer need new branches

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Business There’s increased likelihood of adopting new forms of digital currencies for both domestic and international transactions. PHOTO: PNA

Benefits, risks of digital money bared

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