Business & Economy

Trade groups seek repeal of SEC rulings

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Local business groups have urged the suspension or repeal of four regulatory issuances made by the Securities and Exchange Commission (SEC) as these were seen derailing the competitiveness of Philippine industries and companies, particularly the micro, small and medium sized enterprises (MSMEs).

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Moody’s sees stable, viable power sector in PH, Asia Pacific

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Moody’s Investors Service expressed confidence in the viability of the power sector of nine Asia Pacific countries including the Philippines.

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US seeking stronger trade ties with Asean

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RANCHO MIRAGE, California -- US President Barack Obama on Tuesday, Feb. 16, sought stronger economic ties with Southeast Asian nations and called on members of the regional bloc to improve entrepreneurship and innovation to bring about inclusive economic growth.

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Australia seeks ‘ideas boom’ with tax breaks, visa boosts

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SYDNEY -- Australia will introduce an entrepreneur visa and offer tax breaks for start-ups, the government said Monday as it tries to unleash an “ideas boom” to move the economy away from dependence on mining.

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Plans readied to absorb returning OFWs

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Philippine corporations are seeking ways to help the country create new job opportunities for some 1.5 million overseas Filipino workers (OFWs) who are at risk of being displaced out of the Middle East, which is reeling from a prolonged downturn in oil prices.

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PH eyes free-trade deal with EU

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The Philippines is hoping to start by early next year the formal negotiations with the European Union on a free-trade agreement (FTA), a move that will dovetail with the country’s aggressive thrust toward further solidifying its ties with Europe.

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Airbus wins $1.85 billion order from Philippine Airlines

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SINGAPORE -- European plane-maker Airbus said on Wednesday, Feb. 17, it had won a $1.85 billion deal for the purchase of six A350-900s by Philippine Airlines (PAL).

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13 business groups call for economic Cha-cha now

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Thirteen local and foreign business groups have called anew for the swift approval of a reform measure that seeks to amend the economic provisions in the Constitution, as this legislation is deemed critical for the Philippines to remain a favored and competitive investment destination.

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Japan firms see market growth

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The Philippines climbed to eighth place among the most “promising” countries where Japanese manufacturers, including automotive assemblers, might expand in the next three years on the back of a growing economy and expanding market, the latest survey of the Japan Bank for International Cooperation (JBIC) showed.

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Cheaper oil: What it means to consumers, business

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A customer prepares to pump gas on Dec. 7, 2015, at a gas station in Pembroke, Massachusetts. The price of a barrel of oil fell Monday to a nearly seven-year low. With OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. AP

DALLAS, Texas -- Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer.

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