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Shamed customers rap 48 lending apps

By TYRONE JASPER C. PIAD May 22, 2019 The National Privacy Commission (NPC) is currently hearing 235 alleged harassment and shaming complaints against 48 online lending applications. The complaints were filed by borrowers whose privacy rights and reputation were allegedly violated and damaged by the lenders. In a press briefing …

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Higher import duty on cement sought

By TYRONE JASPER C. PIAD May 22, 2019 The Tariff Commission (TC) should hike the safeguard duty for imported cement to protect the local industry. The Cement Manufacturers’ Association of the Philippines (Cemap) made the call in response to the continuing surge in cement imports. In a hearing in Quezon …

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MIAA remittance up 50% in 2018

By LISBET K. ESMAEL May 22, 2019 The Manila International Airport Authority (MIAA) saw a solid fiscal performance last year as it remitted a record P3.42 billion in dividends to the national government. In a statement on Tuesday, the MIAA said the amount is 50 percent higher than its remittance …

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Swine, cattle supply enough for market

By EIREENE JAIREE GOMEZ May 22, 2019 The country’s production of hogs and cattle rose significantly in the first quarter of the year, indicating sufficient supply for the domestic market. Based on the latest data from the Philippine Statistics Authority (PSA), local hog production grew by 1.6 percent to 567,420 …

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Expanded PH-SKorea cooperation eyed

By ANNA LEAH E. GONZALES May 22, 2019 FINANCE Secretary Carlos Dominguez 3rd on Tuesday reaffirmed Manila’s desire to deepen economic ties with South Korea by adopting digital technology to improve its tax administration. In a recent meeting with officials of the Korea International Cooperation Agency (Koica), Dominguez highlighted the …

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PSEi up anew, grows 0.80% on third day

By ANGELICA BALLESTEROS, TMT May 22, 2019 THE stock market continued to rally for a third straight day on Tuesday as investor sentiment was reportedly boosted by the positive momentum from previous trading days after the Bangko Sentral ng Pilipinas (BSP) reduced banks’ reserve requirement. The benchmark Philippine Stock Exchange …

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Huawei founder: America underestimates company

By AGENCE FRANCE-PRESSE May 22, 2019 BEIJING: Huawei founder Ren Zhengfei on Tuesday shrugged off US attempts to block his company’s global ambitions, saying America is underestimating the telecommunications giant’s strength. Ren spoke to the Chinese media days after US President Donald Trump issued orders aimed at thwarting Huawei’s business …

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NEDA joint panel OKs changes to 3 projects

By ANNA LEAH E. GONZALES May 22, 2019 A National Economic and Development Authority (NEDA) joint committee led by Finance Secretary Carlos Dominguez 3rd has approved changes to three projects that the government is currently implementing. Chaired by Finance Secretary Carlos G. Dominguez III, the ICC-CabCom approved changes in the …

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