Thursday , September 19 2019

NegOcc faces oversupply of hogs amid ASF scare

ASF-FREE PORK. Pork sold in one of the supermarkets in Negros Occidental. Governor Eugenio Jose Lacson maintains that pigs raised in Negros Occidental are African swine fever-free and safe for transport to other provinces. (PNA-Bacolod file photo) BACOLOD CITY — Negros Occidental is facing oversupply of hogs and pork products …

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Agencies’ budget use up 92% at end-Aug

By ANNA LEAH E. GONZALES September 18, 2019 THE budget utilization of government agencies increased to 92 percent in the first eight months of 2019 from 86 percent a year ago, the Department of Budget and Management (DBM) reported on Tuesday. In a statement, the Budget department said state agencies …

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P9.997-B budget for NEDA sought

By ANNA LEAH E. GONZALES September 19, 2019 The National Economic and Development Authority (NEDA) said on Wednesday it was seeking a 6-percent increase in its budget for next year. NEDA said the budget proposal for 2020 amounted to P9.97 billion, higher than this year’s P9.33 billion. Of the total, …

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Stocks dwindle in ‘dull’ trading

By TYRONE JASPER C. PIAD September 19, 2019 The local bourse shied away from the 8,000 mark again, but was able to stay afloat the 7,900 level as investors await the results of the Federal Reserve (Fed) meeting. The benchmark Philippine Stock Exchange index (PSEi) dwindled by 0.21 percent or …

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PH bond market grew 17% in Q2 – ADB

By ANNA LEAH E. GONZALES September 19, 2019 The Philippine bond market was the second fastest-growing among Emerging East Asia’s local currency bond markets, the Asian Development Bank (ADB) said. In its latest Asia Bond Monitor released on Wednesday, ADB said the country’s local currency bond market grew by 16.8 …

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‘Higher alcohol tax to reduce demand, revenues’

By EIREENE JAIREE GOMEZ September 19, 2019 ALTHOUGH it welcomes the new tax structure for distilled spirits proposed under House Bill (HB) 1026, the Distilled Spirits Association of the Philippines (DSAP) warned the government that too many tax increases might lead to reduced state revenues. In a position paper submitted …

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DoTr, SMC ink deal for ‘game-changer’ airport

By LISBET K. ESMAEL September 19, 2019 CLARK, Pampanga: Listed San Miguel Corp. (SMC) can now begin building its $15-billion New Manila International Airport (NMIA) in Bulacan province after signing a concession agreement on it with the Department of Transportation (DoTr) on Wednesday. In a briefing here, Transportation Secretary Arthur …

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