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PT&T’s P9.1-B capital increase

HOUSE of Investments Inc. (HI) has authorized capital stock of 3.75 billion shares consisting of 1.25 billion common share with par value of P1.50 per share, and 2.5 billion preferred shares with par value of P0.40 per share. In its latest general information sheet (GIS), which it filed after its …

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Spain offers $300M in funding assistance

Spain has offered to provide a $300-million worth of official development assistance (ODA) to the Philippines over the next three years, a Finance department official said, with the funds targeted for use in number of infrastructure projects. “We have received another offer from an ODA partner and this time around …

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Copper price hammering worrying for global growth

LONDON: The plunge in the price of copper by more than 20 percent since the beginning of June has worried analysts who see it as a bad signal for the global economy. The red metal has acquired the sobriquet Doctor Copper for its ability to take the temperature of the …

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Lower volume seen due to dual holiday

Investors looking for buying opportunities could provide a boost for the stock market during a shortened trading week, analysts said. There will be no trading at the Philippine Stock Exchange (PSE) on Tuesday, August 21, due to the celebration of Ninoy Aquino Day and the Eid al Adha holiday. “With …

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Policy uniformity crucial if PH adopts federalism

A federal form of government might work for the Philippines but authorities need to ensure policy uniformity, the European Union’s envoy to the country said. Speaking to reporters at the sidelines of an infrastructure forum on Friday, EU Ambassador to the Philippines Franz Jessen said investors would prefer to deal …

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BigDish foodtech startup launches IPO…in London

BigDish, a restaurant reservations startup that was founded in Manila in 2016 will push through with its announced plans to expand operations in the United Kingdom with the launch of its initial public offering (IPO) in London. The company, which started life in Manila and subsequently expanded to Jakarta and …

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Sustaining a legacy of caring

Under the management of the Mount Grace Hospitals, Inc., the Fe del Mundo Medical Center continues its legacy of providing appropriate care to its target markets delivered by its compassionate professionals, keeping up with medical development and relevant technologies while partnering with organizations to assure sustained growth. Since 2013, the …

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Valuation of Property Gifts

Last March, the Department of Finance (DoF) issued Revenue Regulations (RR) No. 12-2018, the consolidated regulations governing the imposition and payment of estate and donor’s taxes, implementing the provisions of Republic Act (RA) 10963, or the “Tax Reform for Acceleration and Inclusion” Train Law. The donor’s tax for each calendar …

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All about passion and laser-sharp focus

When an executive is asked about the key to his success, it would be easy to surmise that it’s all about having a positive attitude, taking actions, achieving goals, or simply being creative. But for Lenovo Philippines Country Manager Michael Ngan, focus and passion are the most essential tools for …

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PH ranked 9th in cyberthreat risks

Is the Philippines becoming more vulnerable to cyber threats? The country has emerged as the 9th most attacked country worldwide in terms of cyber threat risks in the second quarter of 2018, up from its 44th place in the same period in 2017, a cybersecurity firm said last week. Kasperky …

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