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Lebanese officials declare state of economic emergency

In this photo released by Lebanon’s official government photographer Dalati Nohra, Lebanese President Michel Aoun meets with political leaders with the aim of finding solutions to the country’s economic crisis, in the presidential palace, in Baabda, east of Beirut, Lebanon, Monday, Sept. 2, 2019. (Dalati Nohra via AP) The Associated …

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RE target missed amid expanding energy need

By JORDEENE B. LAGARE September 02, 2019 The Department of Energy (DoE) missed its renewable energy (RE) target amid a projected increase in the country’s power requirement. This comes as Socioeconomic Planning Secretary Ernesto Pernia said the country’s energy requirement was seen to increase four-fold by 2040, or an average …

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Alcohol makers call for level playing field on tax hike proposal

By MAYVELIN U. CARABALLO, TMT September 02, 2019 A GROUP representing the country’s top distilleries expressed support for the government’s proposal to raise alcohol taxes, but stressed that the tax measure should promote a level playing field among industry players. In a statement on Sunday, Distilled Spirits Association of the …

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PSEi to breach 8,000 level

By TYRONE JASPER C. PIAD September 02, 2019 THE stock market is expected to breach the 8,000 level anew this week as investor sentiment is anticipated to improve after the so-called Ghost Month ended. “For this to happen, we need to see stronger buying from local investors against continued foreign …

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Times survey: Inflation seen below 2% in Aug

By ANNA LEAH E. GONZALES September 02, 2019 INFLATION likely eased further to below 2 percent last month on the back of lower rice, fuel and power prices, according to analysts polled by The Manila Times. Results of the survey showed projections of consumer price growth for August ranged from …

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Trump moves ahead with fresh tariffs

By AGENCE FRANCE-PRESSE September 02, 2019 WASHINGTON, D.C.: Washington on Sunday moved ahead with imposing new tariffs on Chinese imports as it stepped up a high-pressure campaign aimed at coercing Beijing to sign a new trade deal amid fears of US and world growth slowing further. The additional 15-percent tariffs, …

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Health care, Bangsamoro laws among 2020 fiscal risks

By MAYVELIN U. CARABALLO, TMT September 02, 2019 THE interagency Development Budget Coordination Committee (DBCC) has flagged a number of measures and recently signed laws as the sources of fiscal risks for next year. In its “Fiscal Risks Statement 2020” released over the weekend, the DBCC warned that “[e]nrolled bills …

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Surveys show China manufacturing demand weak amid trade war

In this Aug. 25, 2019, photo, an employee works on the production line of a polyester manufacturer in Suzhou in eastern China’s Jiangsu province. (Chinatopix via AP) The Associated Press Published Monday, September 2, 2019 7:49AM EDT BEIJING — Two surveys of Chinese manufacturing show demand is weak amid a …

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