Business & Economy

Manila Bay Resorts to provide thousands of jobs

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MANILA -- Providing recreation and generating thousands of employment opportunities to the Filipinos are the goals in erecting the 44-hectare Manila Bay Resorts - bound to be a home to the biggest of its kind in the country.

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Small mining sites identified

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DAVAO CITY -- The Mines and Geosciences Bureau (MGB) has identified six sites in three Compostela Valley towns for small-scale mining under the government’s Minahang Bayan program.

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Economist estimates ‘Yolanda’ impact on PH economy at P604B

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MANILA -- The impact of monster typhoon “Yolanda” (Haiyan) on the Philippine economy could be as much as P604 billion,  or five percent of the country’s gross domestic product, Albay Gov. Joey Salceda, an economist who was recently elected chairman of the United Nations’ Green Climate Fund, said Tuesday.

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3 groups prequalify for toll road project

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The bidding process for a major public private partnership deal—the 47-kilometer Cavite-Laguna Expressway—is progressing smoothly with the government prequalifying three out of four interested groups Monday.

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ADB extending $523M in grants, emergency loans

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MANILA -- The Asian Development Bank announced Wednesday it was ready to provide half a billion dollars in financing to help the Philippine government rebuild areas devastated by Supertyphoon Yolanda.

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President Aquino welcomes officials of Marubeni Corporation

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MANILA -- President Benigno S. Aquino III welcomed officials of a Japanese trading company who reiterated their commitment to enhance its business operations in the country during a ceremony in Malacanang on Monday.

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Should I convert my pesos to dollars?

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Question: I have extra funds coming from my SDA account that will soon terminate, and I am wondering if it is right to buy some US dollars as investment. The peso dollar exchange rate rose to as high as P44.80 to $1 two months ago and it has since stayed at the P43 level. Is this the best time to come in before the peso depreciates again?

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US groups criticize Philippine trade barriers

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PHILIPPINE LAWS and regulations are hampering market access for US-made products, industry groups complained in comments solicited by Washington.

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PH to meet US sugar quota needs

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Singapore -- The Philippines aims to sell more sugar to the United States in the current 2013/14 crop year under its annual rate quota program, but the devastating Typhoon Haiyan (local name: Yolanda) could determine the quantity, a senior industry official said on Tuesday.

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Metrobank strongest bank in RP

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Metrobank has been named by The Asian Banker as the bank with the strongest balance sheet for 2013 in the Philippines. 

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