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Philippine banks remain liquid – Fitch Ratings

By MAYVELIN U. CARABALLO, TMT September 06, 2019 PHILIPPINE banks have enough buffers against shocks as they remain adequately liquid in the first half of the year, according to Fitch Ratings. In its “Philippine Banks 1H19 Report Card” released on Thursday, the global credit rating agency said banks’ capital adequacy …

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Analysts: Another rate cut seen in September

By MAYVELIN U. CARABALLO, TMT September 06, 2019 THE Bangko Sentral ng Pilipinas (BSP) is likely to again trim interest rates as early as this month after the government reported that the country’s inflation eased to a near three-year low of 1.7 percent in August, analysts said on Thursday. Economists …

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DoF: Tax perks should be reviewed every 2 yrs

By MAYVELIN U. CARABALLO, TMT September 06, 2019 FINANCE Secretary Carlos Dominguez 3rd is pushing for tax perks to be reviewed every two years as he reiterated that the Philippines had been too generous in granting incentives to select companies. Finance Secretary Carlos Dominguez 3rd. PHOTO BY J. GERARD SEGUIA …

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PH jobless rate steady in July – PSA

By ANNA LEAH E. GONZALES September 06, 2019 UNEMPLOYMENT in the Philippines remained the same while underemployment fell in July, results of the Philippine Statistics Authority’s (PSA) latest Labor Force Survey revealed. PH unemployment In a briefing in Quezon City on Thursday, PSA Undersecretary and National Statistician Claire Dennis Mapa …

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Struggling French airline Aigle Azur cancels all flights

A group of French business leaders leaves the Aigle Azur plane after arriving in Baghdad, Iraq, Sunday, Oct. 31, 2010. (AP / Karim Kadim) The Associated Press Published Friday, September 6, 2019 4:25AM EDT PARIS — French airline Aigle Azur says all its flights are cancelled starting Saturday due to …

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American Airlines mechanic accused of sabotaging flight

In this Wednesday, May 27, 2015, file photo, an American Airlines jet taxis to the gate at Miami International Airport, in Miami. (AP Photo/Lynne Sladky, File) David Koenig and Curt Anderson, The Associated Press Published Friday, September 6, 2019 2:04AM EDT Last Updated Friday, September 6, 2019 6:53PM EDT MIAMI …

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U.S. Treasury unveils plan to privatize Fannie Mae, Freddie Mac

This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and …

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Government debt seen rising to P8T by end-2020

By MAYVELIN U. CARABALLO, TMT September 04, 2019 THE national government’s outstanding debt is projected to breach the P8-trillion mark by end-2020, Department of Budget and Management (DBM) data showed on Tuesday. According to the department’s Budget of Expenditures and Sources of Financing, government debt will hit P8.76 trillion by …

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