Philippine Updates
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Government WIlling to Support Telcos with Rural Infra Development
Department of Information and Communications Technology (DICT) secretary Rodolfo Salalima said the government is considering the idea of building infrastructure in rural areas to incentivize…
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DTI Continues to Expand Go Negosyo Centers
The country’s Trade and Industry department continues to assist micro, small and medium enterprises (MSMEs) all over the Philippines by broadening its Negosyo Center program.…
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World Bank Warns SSS of Asset Depletion in 28 Years
The World Bank revealed in a report that assets of the Social Security System (SSS) could be depleted in about 28 years if crucial reforms…
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Philippines to Seek Senate Ratification of AIIB
Finance Secretary Carlos Dominguez said the plan to ratify participation in the China-led Asian Infrastructure Investment Bank (AIIB) has not changed. The Philippines became a…
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7 Eleven Reaps Up to P290M from Election Spending
In its latest filing, 7-Eleven Philippines garnered a net income of up to P290 million in April compared to its P243.6M income in June revenue…
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Cemex Opens Strong in Stock Market Debut
The entry of Cemex Holdings Philippines Inc. (CHP) in the market was met with strong reception from investors, enabling the company to raise P25.13 billion…
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PH Government to Increase Fuel Excise Tax
According to Finance Secretary Mr. Carlos Dominguez III, the new administration would back for an increase excise taxes on fuels, perceiving that the perfect timing…
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Filipino Businessmen Expect Robust Trade with China Despite Hague Ruling
The international tribunal ruling on the South China Sea dispute has generated a lot of speculations regarding the future of the Philippines’ trade relationship with…
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Bureau of Customs Launches Mobile App for Balikbayan Queries
The country’s Bureau of Customs (BOC) launched a mobile app developed especially for OFWs and Balikbayans. Known as the Balikbayan Tax Calculator, the app aims…
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UN Arbitral Tribunal Declared PH Winner of Arbitration Case Against China
After a series of hearings, the long wait is over.The United Nations (UN) Arbitral Tribunal declared the West Philippine Sea (South China Sea) under the…




