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SRA officials decry sugar liberalization

Regulators have expressed concern over the Duterte administration’s reported plan to liberalize sugar imports in a bid to lower prices of the sweetener. Budget Secretary Benjamin Diokno last week said the plan could be implemented later this year, which prompted Sugar Regulatory Administration (SRA) board member Emiliano Bernardino Yulo — …

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Landbank: Still no takers for revised PDSHC offer

Philippine Dealing System Holdings Corp. (PDSHC) stakeholders appear to be snubbing Land Bank of the Philippines’ (Landbank) offer for the fixed income bourse operator. “No confirmed sellers of PDSHC shares yet,” Landbank President Alex Buenaventura told The Manila Times on Sunday. Landbank wants to own 66.67 percent of PDSHC, originally …

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Economists expect 4.1% inflation for 2019 – BSP

ECONOMISTS see inflation settling at 4.1 percent this year, the Bangko Sentral ng Pilipinas (BSP) said, higher than its 3.1-percent full-year forecast but still within the 2.0-4.0 percent target. “While analysts expect inflation to remain elevated in the near term, their assessment of the balance of risks to the inflation …

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2018 GDP data seen driving stock market

The stock market could receive a significant lift this week depending on gross domestic products (GDP) results set to be released by the government, analysts saud. “A whole year figure that would meet the government’s projection of at least 6.5 percent may still give the market a boost,” Philstocks Financial, …

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2018 growth goal likely missed – poll

The economy likely slowed as 2018 ended, analysts polled by The Manila Times said, with the full-year result lower than the previous year’s and also missing the government’s downwardly-revised target. Estimates for the October-December quarter ranged from 5.9-6.8 percent with a 6.2-percent average, lower compared to the same period last …

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Subic books 6 cruise ship arrivals in Jan

The Subic Bay Freeport is starting the year on a positive note by booking six vessel arrivals for January. The vessels include cruise ship World Dream, which the freeport has welcomed for the third time. “Right now, we’re experiencing a phenomenal influx of cruise ships and this is really a …

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Chicken importers told to go slow

THE United Broilers Raisers Association (UBRA) is urging the country’s chicken importers to go slow in their business to address the influx of imported chicken and plummeting farmgate prices of the commodity. “Our importers should be encouraged for the cut or stoppage of importation of chicken until we get timely …

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Govt still committed to green financing

THE government remains committed to improve green financing in the Philippines. “Climate change is the most pressing problem of our time. The challenges posed by climate change demand all hands be on deck — [the] government, the private sector and nongovernment organizations,” Finance Secretary Carlos Dominguez 3rd said during the …

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Blazing trails for service and public safety

HE grew up in a time when one needed to be steady and sturdy. “My generation’s parents did not believe in coddling. We were not spoon-fed solutions; we had to figure out how to get results on our own,” says laywer Dionisio Donato “Dindo” Garciano, the former mayor of Rizal …

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