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Category: Business

PH seen to benefit from Biden presidency

by: Philippine News Agency | 09/11/202009/11/2020

The Philippines, along with the rest of Asia, stands to benefit from the Joe Biden presidency due to the expected reduction of risk from the US-China trade war, as well as less protectionism and a possible increase in government stimulus.

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Peso soars to 4-year high; stocks hit 8-month high

by: Philippine News Agency | 07/11/202007/11/2020

Rafael Nadal became the fourth men’s player to reach 1,000 Tour-level wins on Wednesday after coming from one set down to beat fellow Spaniard Feliciano Lopez 4-6, 7-6(5), 6-4 in his opening match at Bercy Arena.

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Cyber crimes up during early days of quarantine: Diokno

by: Philippine News Agency | 05/11/202005/11/2020

Cyber threats increased during the earlier days of the community quarantine but these have been addressed by financial institutions’ tough stance against online crimes.

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Stocks, peso rise amid vote counts in US polls

by: Northbound Philippines News Online | 05/11/202005/11/2020

Both the Philippine Stock Exchange index (PSEi) and the peso ended Thursday higher even as official results of the US presidential polls have yet to be announced.

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PH eyes P6-T borrowing to support economic recovery

by: Philippine News Agency | 04/11/202004/11/2020

The government is keen on borrowing PHP3 trillion each in 2020 and 2021 to help boost funds for economic recovery, even as the main revenue-generating agencies have been posting upticks in their collections.

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PH stocks index recovers, peso ends sideways vs. USD

by: Philippine News Agency | 30/10/202030/10/2020

The Philippines’ main equities index ended its three-day slide Friday as the peso ended trade sideways, partly on news of lower weekly jobless claims in the US before the elections.

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PH stocks index, peso end trade up

by: Philippine News Agency | 23/10/202023/10/2020

The Philippine Stock Exchange index (PSEi) and the peso both gained Friday as optimism continues to reign over various markets.

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Oil prices may remain below $50 a barrel until 2023

by: Tass | 14/10/202014/10/2020

Oil prices may remain below USD50 per barrel until 2023, according to the October report the International Energy Agency (IEA) submitted to TASS.

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DTI chief sees no need to defer 13th-month pay

by: Philippine News Agency | 14/10/202014/10/2020

Department of Trade and Industry (DTI) Secretary Ramon Lopez sees no need to defer the 13th month pay for this year as the government stands ready to support distressed micro and small enterprises amid the pandemic.

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Imported vehicle sales down 7% in August

by: Kris Crismundo-PNA | 18/09/202018/09/2020

Monthly sales of Association of Vehicle Importers and Distributors (AVID) slipped by 7 percent in August to 4,753 units from 5,100 unit sales in July.

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Oil prices up as OPEC+ vows for strict compliance

by: Anadolu | 22/08/202022/08/2020

Brent crude oil prices climbed on Friday after OPEC+ reassured the markets that it will strictly cut its total oil production by the determined level of 7.7 million barrels per day.

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Apple becomes 1st US company to hit $2-T market cap

by: Anadolu | 22/08/202022/08/2020

Apple became the first publicly traded US company to hit a USD2 trillion market capitalization Wednesday after its share price exceeded USD467.97.

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SMC to develop sustainable mangrove crab industry in Bulacan

by: Northbound Philippines News Online | 20/08/202020/08/2020

San Miguel Corporation (SMC) will grow 100,000 mud crabs monthly at its 10-hectare mangrove plantation site in Hagonoy, Bulacan to protect the forest and provide a new and sustainable source of livelihood for residents of the town and the rest of the province.

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Car importers monthly sales up in July

by: Kris Crismundo-PNA | 18/08/202018/08/2020

Sales of vehicle importers in the country continued to post growth in July after the easing of the community quarantine measures in Metro Manila and other areas in the past months.

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Megaworld nets P5.9B in H1; grows office business amid pandemic

by: Northbound Philippines News Online | 15/08/202015/08/2020

Megaworld, the country’s leading developer of integrated urban townships, posted a 34-percent drop in its net income during the first half of 2020 to PHP5.9 billion from PHP8.9 billion during the same period last year.

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Central Luzon LGUs welcome NLEX Candaba Viaduct upgrading

by: Philippine News Agency | 14/08/202014/08/2020

The ongoing upgrading of the North Luzon Expressway (NLEX) Candaba Viaduct, the decades-old elevated highway connecting this town, and the town of Apalit in Pampanga gained support from the public and private sectors in North and Central Luzon.

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