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Insurers’ premium income hits P218B

THE insurance industry saw premium income grow by 18 percent in the first three quarters of the year with all sectors recording expansions, regulators reported on Tuesday. The Insurance Commission said total premium income hit P218.91 billion in the first nine months of 2018, up from P185.51 billion during the …

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Net FDI inflows drop 29% in Sept

Net foreign direct investments (FDI) dropped to their lowest level in six months in September, data from the Bangko Sentral ng Pilipinas (BSP) showed. At $569 million, the net inflow was 29.4 percent lower compared to a year earlier and was also the smallest since the P675 million posted in …

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PH trade deficit hits record high

THE Philippines’ trade deficit hit an all-time high in October as imports continued to grow much more than exports, the Philippine Statistics Authority (PSA) reported on Tuesday. Inbound shipments increased by 21.4 percent year-on-year to $10.320, significantly outpacing exports that expanded by just 3.3 percent to $6.108 billion. Total trade …

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The Manila Times 500 inaugural issue

Emeterio Sd. Perez As a columnist of The Manila Times, I receive requests for the publication of press releases. Unfortunately for these PR emailers, I am not one of this paper’s editors and I do not decide on publishing news. My simple request is for them to send their press …

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Digital armageddon may be just around the corner

BEN KRITZ HUAWEI Chief Financial Officer Meng Wanzhou may be this century’s Franz Ferdinand. Just as the assassination of the heir to the Austrian throne was the spark that ignited World War I, the arrest of Wanzhou in Canada on December 1 might cause what has been years of growing …

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PSEi plunges anew on US-China worries

THE stock market extended a decline to a fourth consecutive day on Monday, tracking a regional decline said to have been spurred by renewed concerns over a host of issues. The bellwether Philippine Stock Exchange index (PSEi) lost 112.85 points or 1.51 percent or to close at 7,348.21 while the …

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PH trade gap likely wider in Oct – HSBC

The country’s trade deficit likely expanded in October, banking giant HSBC said ahead of today’s release of official data. “We expect the Philippine trade deficit to widen further in October, driven by a continued slowdown in exports alongside elevated imports of capital goods and raw materials,” it noted in a …

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Negative issues cause Asian markets tumble

HONG KONG: Asian markets sank Monday as investors juggle a number of negative issues that have fuelled worries about the global outlook. 2. A man walks in front of a stock indicator board showing share prices of the Tokyo Stock Exchange in Tokyo on December 10, 2018. AFP PHOTO The …

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Govt counts costs of reenacted budget

Economic growth could slow substantially next year under a reenacted budget based on estimates made by the government. “NEDA (National Economic and Development Authority) estimates: GDP growth impact of -1.-2.3 ppt (percentage points) in 2019, if budget will be reenacted,” a document obtained by reporters on Monday showed. A man …

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BIR, BoC ordered to act vs fake cigarettes

The Tax and Customs bureaus have been ordered to coordinate with their Chinese counterparts to prevent the entry of machines that are being used to manufacture fake cigarettes in the Philippines. In a statement, the Finance department said the order was issued after Bureau of Internal Revenue (BIR) Commissioner Caesar …

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