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China, US set for ‘vigorous’ talks on trade, South China Sea issues

 by Jo Biddle Washington, United States | AFP – The United States is vowing not to “paper over” differences with China at key talks this week weighed down by thorny issues of trade, cyber spying and tensions in the South China Sea. And while some analysts believe there will be few concrete results from the annual US-China Strategic and […]

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Effective governance seen crucial in making family-owned firms successful

Effective governance is crucial in sustaining the success of family-owned firms, which could always be on the verge of failure every time personal issues scrape the ties among their owners. A new report from Women Corporate Directors (WCD) and KPMG explored how effective boards can position family-owned businesses for ongoing success. “From helping to define […]

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Local industry opposes higher taxes on sugar-sweetened beverages

The proposed higher taxes on sugar sweetened beverages (SSBs) will burden consumers, dampen government revenues and may result in the loss of nearly 900,000 direct and indirect jobs, the Beverage Industry Association of the Philippines (BIAP) warned. Jeffrey Yao, BIAP president, said in a letter to Manila Bulletin that the beverage industry is opposing House […]

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ADB, MDBs provided $28 billion for climate change projects in 2014

The Asian Development Bank (ADB) and five other multilateral development banks (MDBs) have provided over $28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate change. In 2014, the six banks together extended over $23 billion dedicated to mitigation efforts and $5 billion for […]

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Quo vadis public sector plant breeding?

One bright picture in an otherwise dreary agriculture landscape is the emergence of a vibrant, highly competitive private sector seed industry. While before farmers relied heavily on farmer-saved seeds of open-pollinated varieties developed by public plant breeding organizations, now farmers are increasingly exercising the option of buying the more expensive private sector hybrid seeds even […]

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Aboitiz Power adds 14-MW hydro capacity to portfolio

Publicly-listed firm Aboitiz Power Corporation is vigorously expanding its renewable energy (RE) portfolio with recent capacity addition of 14 megawatts from its Sabangan hydropower facility in Mountain Province. In an announcement to the media, it said that the capacity beefing up enabled the plant to deliver up to 55 gigawatt hours (GWh) of generated electricity […]

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Filipino Millennials more confident than their European peers

Millennials in emerging markets such as the Philippines are more ambitious than their counterparts in developed markets, and that Filipino Millennials are more confident about their leadership skills than their peers in Western Europe, according to the latest Deloitte Millennial survey. According to Deloitte’s 2015 Millennial survey, released by Philippine member practice Navarro Amper & […]

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Record year posted for renewable power

Stockholm– The growth of renewable energy outpaced that of fossil fuels in the electricity sector last year, with a record 135 gigawatts of capacity added from wind, solar, hydropower and other natural sources, a new study shows. That’s more than the generating capacity of all nuclear reactors in the United States and slightly less than […]

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External debt dips to $75.3B in March

The government and private sector’s outstanding external debt dropped to $75.3 billion as of end-March this year, three percent lower from 2014’s $77.7 billion, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. In a statement, BSP Governor Amando M. Tetangco Jr. said all “key external debt indicators were observed to have remained at very prudent […]

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News In Brief

P/$ RATE STANDS AT P45.11/$1 The peso exchange rate stands at P45.11 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P45.011. BOI STRENGTHENS FRONTLINE SERVICES The Board of Investments (BOI) has enhanced the skills of Department of Trade and Industry’s (DTI) frontline staff […]

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