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PSEi slides despite hopes of fresh talks

By TYRONE JASPER C. PIAD August 28, 2019 NEWS on the resumption of trade talks between the United States and China failed to buoy the local stock market, which closed in the red territory on Tuesday. The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.80 percent or 142.03 points …

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‘Pass Citira bill, ease restrictions to boost FDI’

By ANNA LEAH E. GONZALES August 28, 2019 LOOSENING economic restrictions and passing the second package of the government’s tax reform program would help increase foreign direct investments (FDI) in the country, economic managers said on Tuesday. Socioeconomic Planning Secretary Ernesto Pernia “As far as FDI is concerned, we really …

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Central bank: 25 bps cut before yearend

By MAYVELIN U. CARABALLO, TMT August 28, 2019 PHILIPPINE monetary authorities are still on monetary easing mode as Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said a 25-basis-point (bps) cut in interest rates was still on the table this year. “We will cut another 25 bps before the end …

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U.S. stocks slide as bond yields surge on trade war worries

Specialist Jay Woods, right, works on the floor of the New York Stock Exchange, Friday, Aug. 23, 2019. (AP Photo/Richard Drew) Alex Veiga, The Associated Press Published Tuesday, August 27, 2019 5:20PM EDT Stocks capped a wobbly day on Wall Street with broad losses Tuesday as anxious investors shifted money …

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Costco cuts short China debut after shoppers swamp store

Shoppers descended on the new Costco outlet in droves to get their hands on bargains. (AFP) AFP Published Tuesday, August 27, 2019 11:19AM EDT U.S. retailer Costco was forced to cut short the opening day of its inaugural mainland China outlet over safety worries Tuesday after huge crowds of bargain-hunters …

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Govt debt payments up to P83.81B in June

By MAYVELIN U. CARABALLO, TMT August 26, 2019 DEBT servicing by the national government rose to P83.81 billion in June on the back of higher amortization and interest payments, data released by the Bureau of the Treasury (BTr) over the weekend showed. The June amount was a 172.5-percent increase from …

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Monitor chicken imports, DA told

By EIREENE JAIREE GOMEZ August 27, 2019 THE Department of Agriculture (DA) should establish a monitoring system for chicken imports to aid local raisers from tough competition amid excessive importation, the United Broilers and Raisers Associationn (UBRA) said on Monday. During its recent meeting with Agriculture Secretary William Dar and …

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Villar pushes coco levy fund measure

By EIREENE JAIREE GOMEZ August 27, 2019 SEN. Cynthia Villar is bullish the vetoed coco levy fund bill, which ensures increased income for all coconut farmers, will be reconsidered for approval by President Duterte. Sen. Cynthia Villar. PHOTO BY DJ DIOSINA The measure, which seeks to create a P105-billion trust …

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