Construction firm DATEM Inc. welcomed Megaworld Corp.’s move to post nearly P900 million in counterbond to cover the alleged unpaid obligation being claimed by the contractor. The Quezon City Regional Trial Court Branch 105 on Friday lifted the writ of preliminary attachment (WPA) earlier secured by DATEM against Megaworld after the property firm posted a […]
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The Securities and Exchange Commission (SEC) said over the weekend it would review the timetable for the implementation of the proposed revised fees and charges after it met with various business groups. SEC commissioner McJill Bryant Fernandez told reporters Friday the new timeline for the implementation of the higher fees would still be approved by […]
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Featured Philippine products at the 2023 China International Import Expo (CIIE) generated $1.1 billion in combined purchase and booked sales, up by 67.9 percent from the previous year’s $655 million, the Board of Investments (BOI) said over the weekend. Trade Undersecretary and BOI managing head Ceferino Rodolfo said the figure was the highest so far […]
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The Bangko Sentral ng Pilipinas (BSP) may consider pausing again in its last policy meeting for the year, especially if inflation decelerates further and the peso remains stable, an economist said over the weekend. Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a report the BSP could also match the next Federal Reserve […]
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The Philippine semiconductor and electronics industry expects a 9-percent to 10-percent contraction in export receipts this year as exporters continue to grapple with global headwinds and supply issues. The Semiconductor and Electronics Industry of the Philippines Foundation Inc. (SEIPI) said during a board meeting Friday the decline was quite pronounced in September, where year-on-year electronics […]
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Warner Bros. Pictures signed an exclusive partnership with a local film company to reawaken the Philippine movie industry. The Hollywood film studio signed an agreement with Filipino firm Mentorque Productions over the weekend to handle the theatrical distribution of horror movie Mallari, its first local mainstream film distribution. “This is the first mainstream Filipino movie […]
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