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Money Matters

Philippines’ 3-year T-bond rate up

MANILA – Average rate of the Philippines’ three-year Treasury bond (T-bond) rose Tuesday, which National Treasurer Roberto Tan pointed out is within expectations. The rate of the debt paper rose to 3.06 percent, up from the 2.75 percent it fetched during the tenor’s previous auction in May 2014. “It is ...

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ING economist eyes frailer peso in near term

MANILA – An economist of ING Bank forecasts a Php44.85-45.50 range for the Philippine peso to the greenback due to volatilities caused by, among others, the expected increase in US interest rates within the year. “This new range is likely to hold in the near term,” said ING Bank Manila ...

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Peso ends sideways still due to FOMC

MANILA — The Philippine peso closed Wednesday sideways to a greenback anew as investors await announcement after the two-day Federal Open Market Committee (FOMC) meeting later in the day. The local currency ended the trade at 45.18 from 45.14 in the previous trading, which a trader attributed to anticipations for ...

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Moreno: Oro aims for a P4.8 billion budget in 2016

THE city government is looking forward to an ambitious P4.8 billion revenue in 2016, City Mayor Oscar Moreno announced Monday. Moreno made the statement in a message during the observance of the city’s 65th Charter Day celebration here on Monday. The City Executive expressed confidence that the City’s Finance Committee ...

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DOST Releases Assistance for Nutcracker’s Facility Upgrading

Another entrepreneur received assistance from the Department of Science and Technology (DOST).   Through the Small Enterprise Technology Upgrading Program (SETUP), DOST released last Monday June 8, 2015, the check to Mr. and Mrs. Ruben Uy of The Nutcracker Homemade Products, a firm producing different kinds of peanut-based products. The firm ...

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Asian business leaders to meet with Duterte

By Serafin Ledesma, Jr. Davao City – The Asian CEOs will will come face to face with Davao City Mayor Rodrigo Duterte in a special luncheon event precisely to apprise themselves the person whom they referred to as the greatest city mayor in the history of the Philippines. The Asian ...

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Oil firms to hike pumping prices of gas, diesel

MANILA – Oil firms will hike gasoline prices by Php1.05 per liter and diesel prices by Php0.15 centavos per liter on Tuesday. Seaoil Philippines Inc. (SPI) and Chevron Philippines Inc. (CPI) will increase prices at 12:01 a.m., while PTT Philippines and Phoenix Petroleum Philippines will boost prices at 6 a.m. ...

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Apec eager in making MSMEs trade easier

MANILA – Member economies of Asia Pacific Economic Cooperation (Apec) are keen on easing trade for micro, small, and medium enterprises (MSMEs) as senior officials of commerce, trade and small business hasten efforts for easier and less costly trade within the region. Apec’s SME Working Group (SMEWG), in a series ...

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DTI probes prices of flour, instant noodles

THE Department of Trade and Industry (DTI) has been closely monitoring the declining trend in world market price of wheat since June 2011 based on the Minneapolis Grain Exchange (MGEX) data. The DTI now takes note that despite this declining trend in world market price of wheat, the monitored retail ...

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