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It’s not just sili that’s insanely pricey.
If you don’t regularly go to the market, this story might not concern you. But for everybody else whose task it is to replenish food supplies on a regular basis, they might be wondering why exactly prices of basic commodities are through ...
 
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Is COVID-19 a Grinch too?
All rank and file workers are entitled to 13th month pay under labor laws and companies should be giving it out from November to December. That was before COVID-19. In the last six months, jobs were lost, businesses trimmed operating hours and the economy ...
 
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A quick look at the impact of authoritarian rule on infrastructure, debt, GDP, inflation and the stock market.
To family and supporters of the former President Ferdinand Marcos, his declaration of martial law on September 23, 1972 (though he antedated the official document to September 21) remains a watershed event that ushered in what some of them consider to be ...
 
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The partnership offers a temporary source of income until the tourism industry gets back on its feet.
The pandemic has caused widespread national unemployment and underemployment. One of the worst-hit industries has been the tourism sector. Once a lifeline for the economy, tourism is now facing unprecedented challenges as hotels, airlines, and cruises struggle to stay afloat and thousands ...
 
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Good news: the worst is not yet to come.
It looks like we might have overcome the worst of this economic crisis.According to Benjamin Diokno, governor of the Bangko Sentral ng Pilipinas (BSP), it’s “unlikely” that the economy will get any worse in 2021. Top Story: Supermarket Staff Pin-pricking Holes in Plastic Sugar BagsIn ...
 
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'Clients are holding a lot more cash than usual. It’s a very interesting phenomenon.'
Every crisis is an opportunity, and based on historical data, economic growth has often arrived on the coattails of times of trouble. The economy is used to rebuilding itself time and again, and it looks like the ultra-rich are preparing for the ...
 
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The government ranks after BPOs in the amount of open job posts.
The pandemic has rendered millions jobless, but don’t fret. According to Jobstreet Philippines country manager Philip Gioca, businesses are steadily reopening their doors for new hires in the Philippines.Top Story: News5 Head Luchi Cruz-Valdes Confirms Ted Failon's Transfer to TV5In an interview with ...
 
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Next step: the Senate.
San Miguel Corp. (SMC) has officially secured a franchise from the House of Representatives after the third and final reading of a bill to grant the corporation permission to construct a P740 billion international airport in Bulacan.Also read: The Best Airports in the ...
 
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Demand remains sluggish due to the pandemic.
Inflation in the Philippines slowed to 2.4 percent in August, a consequence of weak demand driven by the coronavirus pandemic. It was also below the forecast set by the Bangko Sentral ng Pilipinas.Also read:  8 Great Monarchies and How They Fell from Grace The ...
 
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An e-commerce bureau might soon be established under DTI.
The resourcefulness of Filipino entrepreneurs knows no bounds. While hundreds if not thousands of businesses, big and small, are shutting down due to the pandemic, thousands are also popping up as entrepreneurs turn to e-commerce during the pandemic.Top story: 10 Money Lessons From ...
 
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Jobs Picture: 4.6 Million Unemployed, 7.1 Million Underemployed in July.
There are fewer unemployed Filipinos in July compared to April, as quarantines spawned by the COVID-19 pandemic began to ease, government data released Thursday showed. The sustainability of the recovery depends on how much the economy is allowed to reopen, one of President ...
 
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Mounting losses and competition forced the closure of the subsidiary.
Ayala-led Manila Water is closing its Healthy Family Business Division effective October 31, 2020.Top Story: 10 Bizarre Filipino Building Superstitions You Need to Know Before Constructing Your HomeHealthy Family is a purified water brand under Manila Water’s wholly owned subsidiary Manila Water Total ...
 
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The Philippine Competition Commission approves Trident Water’s stake in Manila Water.
The Philippine Competition Commission (PCC) has approved the acquisition of a controlling stake by Trident Water Holdings Company Inc. (Trident Water), the holding firm of Prime Metroline Holdings Inc. (PMHI), in Manila Water Inc. (Manila Water).Trident Water, led by bilionaire Ricky Razon, ...
 
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The fraud allegedly shifted gift card money to bitcoins.
Google said it ended its outsourcing contract and was looking for new partners, following reports of multi-million peso fraud in call center circles on social media.Top story: The 13 Asian Monarchies That Are Still in PowerMountain View, California-based Google did not elaborate on the alleged scam or who ...
 
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In only 11 weeks.
Dito Telecommunity, the telco of Udenna Corp. tycoon Dennis Uy, has been granted a 25-year congressional franchise by the House of Representatives.Top Story: Gal Gadot and The Most Beautiful Israeli CelebritiesWith a total of 240 votes in favor of the franchise versus seven votes ...
 
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The group committed fraud and violated the tender offer rules, the SEC said.
Majority shares acquired by a shareholder group from Professional Services Inc. (PSI), the operating company of The Medical City, are null and void, the Securities and Exchange Commission (SEC) announced on Thursday (August 20). Also read:  Jericho Rosales' Home Has the Perfect Laidback Beach ...
 
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The plants will increase ACEN’s energy capacity in the country to 480 MW.
Two new solar plants with an aggregate capacity of up to 150 MW are being planned by listed AC Energy Philippines, a unit of Ayala Corporation. The new renewable energy projects will bring ACEN’s total Philippine projects under construction up to 480 ...
 
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the consumer tech company says it’s also been affected by the coronavirus pandemic.
Listed tech company Xurpas reported a net loss of P48.57 million for the first half of 2020, taming the P115.38 million deficit it suffered during the same period in 2019.Also read: This CEO Grew Up Inside BilibidXurpas also posted its 2019 annual report ...
 
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Millions are out of work.
Unemployment is at record levels due to the coronavirus lockdown. The Social Weather Stations estimates that nearly half of Filipino adults, or some 27.3 million are jobless as of July.Adult joblessness was at 45.5 percent, shattering the 34.4 percent set in March 2012. The July 3 to 6 ...
 
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We all owe about P86,000.
The Philippine government’s outstanding debt is now at a cool P8.6 trillion as of April 2020, up by 10.4 percent from the P7.8 trillion during the same period last year. According to Businesmirror, latest data from the Bureau of the Treasury showed that ...
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