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Inflation climbs to 4.9% in August, hits 17-mo high

Inflation climbs to 4.9%  in August, hits 17-mo high

The country’s inflation rate rose to 4.9 percent in August 2014 compared to 2.1 percent posted in same month last year and matching the rate in July on higher consumer prices reinforcing strong likelihood the central bank to tighten policy rates when it meets next week to contain higher inflation. Government data showed, core inflation, […]

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BSP seen to tighten policies

BSP seen to tighten policies

The central bank’s Monetary Board policy review next week will take careful consideration of the continued rise in inflation rate, which for the eighth-month period, had a year-to-date average of 4.4 percent, said Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. While still within the government’s official target range of three to five […]

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Dollar reserves rise to $80.78B in August

The Bangko Sentral ng Pilipinas (BSP) yesterday reported that end-August gross international reserves (GIR) went up to $80.78 billion from $80.64 billion in the previous month enough to cover import payments for the next 11 months. In a statement, BSP Governor Amando M. Tetangco Jr. said the GIR level remains sufficient to cover the country’s […]

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Petron Corp. to issue P10-B worth of preferred shares

Petron Corp., the country’s largest oil refiner, will raise as much as P10-billion from a preferred shares issuance scheduled within the year. In a filing with the Philippine Stock Exchange, Petron disclosed that its board of directors  approved on Thursday the company’s plan to conduct a public offering of P7-billion worth of preferred shares, with […]

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PH shares end at new 52-week high

Philippine shares pierced through its second 52-week high on Friday as investors responded confidently to the August inflation result as well as to the action of European Central Bank (ECB) to cut interest rates. Philippine Stock Exchange index (PSEi) surged to a new 52-week high, climbing by 59.47 points, or 0.83 percent to 7,263.58, while […]

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SC rules in favor of ‘Swiss Challenge’ for BCDA lot

The unsolicited proposal of SM Land, Inc. (SMLI) to develop the 33.1-hectare government property in Bonifacio South in Taguig City for P25.9 billion should be subjected to competitive challenge or “Swiss Challenge,” and not competitive bidding, the Supreme Court (SC) has ruled. In a decision written by Justice Presbitero J. Velasco Jr., the SC granted […]

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Drug interactions

Nowadays, many people are talking about prescription drugs, over-the-counter drugs that do not need doctors’ prescriptions, and drug interactions. One may ask: what is drug interaction? Contrary to the common belief that drug interaction is limited to cases when two or more drugs react with each other – there are two other cases of drug […]

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Michael Bloomberg to return as head of Bloomberg company

Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded in 1981, replacing Daniel Doctoroff who has decided to step aside, the company said on Wednesday. The privately held company, in which Bloomberg is the majority shareholder, said Doctoroff would step aside as president […]

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DA allots P4.12B for farm mechanization in 2015 budget

DA allots P4.12B for farm mechanization in 2015 budget

The Department of Agriculture said today it has allocated P4.12 billion for its farm mechanization initiatives in the proposed 2015 budget. Agriculture Secretary Proceso Alcala said the amount is part of the P51.7 billion financial programming for the entire department, and its attached agencies and corporations. He added, for the current year, the DA has […]

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China to need more than 6,000 new planes by 2033 – Boeing

Beijing – China will need more than 6,000 new aircraft over the next 20 years, US manufacturer Boeing forecast Thursday – an increase of almost 500 on its equivalent prediction last year. Flight demand in the world’s most populous country and second-largest economy is increasing and diversifying, Boeing said in its new Current Market Outlook […]

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