Business & Economy

Cash remittances up in Jan. 2016

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Cash sent home through banks by Filipinos abroad grew 3.4 percent year-on-year to $2.022 billion last January - the first time that remittances breached the $2-billion mark at the start of the year.

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PH largest solar farm up in Batangas

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A sea of metalloid panels as far as the eye can see gleams in the sun in a 160-hectare farm traversing a rolling terrain near the foot of Mount San Piro in Batangas province.

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PH IT-BPM facing competition from Vietnam, Egypt, Canada

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The Philippines’ information technology and business process management industry (IT-BPM) is facing stiff competition from other countries, particularly in the voice outsourcing services.

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China manufacturing activity shrinks at fastest in 4 years - govt

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BEIJING, China – Manufacturing activity in China shrank at its fastest rate in four years in February, government data showed Tuesday, March 1, a fresh sign of sustained weakness in the world’s second-largest economy.

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Buffett says US economy weaker than he expected but growing

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OMAHA, Nebraska -- Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects.

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World Bank names new exec for PH

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The World Bank recently announced the appointment of Mara K. Warwick as its new country director in the Philippines, effective March 1, 2016.

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Presidential bets asked to present agri plans

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A coalition of five groups advocating the advancement of the agriculture sector called for a presidential debate that will give the candidates more time to speak, hopefully, about their platform for the rural folk.

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Village rice farms shift to calamansi

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CONCEPCION, Tarlac -- Rice farmers of an agricultural village here have shifted to planting calamansi to beat the changing weather pattern.

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Further economic liberalization in PH pushed

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The next Philippine president must be able to champion economic liberalization as a way to boost the country’s productivity and global competitiveness, and to attract more foreign direct investments (FDIs), an economist from American banking giant Citigroup said.

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Big Japan firm eyes P171-B rail project

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Japan’s Hitachi Ltd. is considering making a big infrastructure play in the Philippines via railway public-private partnership (PPP) project like the P171-billion North South Commuter railway deal, where it will also need local partners, a company official said Friday.

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