Latest News for: Philippines capital

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SMC Global eyes P125B capital expenditures

Manila Standard Today 09 May 2021
SMC Global Power Holdings Corp., the power arm of conglomerate San Miguel Corp., is looking at 2021 capital expenditure budget of almost P125 billion to finance expansion and acquisition of projects. SMC Global Power said in a disclosure to Philippine Dealing & Exchange Corp.
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Manila allows emergency entry to Filipino seafarers on virus-hit ship

Arab News 08 May 2021
Philippine authorities are providing emergency assistance to 12 members of an all-Filipino-crewed container ship who tested positive for the coronavirus disease (COVID-19) after making a two-day port stop in India ... The ship then sailed to Manila to seek refuge despite an existing travel ban being in place in the Philippines.
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McDonald’s PH resilient amid pandemic

Manila Standard Today 08 May 2021
(McDonald’s Philippines), majority owned and operated by chairman and founder Dr ... Product innovations ... Amid the continuous difficulties posed by the pandemic, McDonald’s was able to end 2020 with a 655-store base and the opening of 16 new stores, including the largest store in the Philippines, in Capital Town, Pampanga ... .
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Tiny Palau in not-so-pacific middle of US and China

Asiatimes 08 May 2021
Palau’s 340 islands north of the equator, are 600 miles east of the Philippines ... “On the other hand, the US spent the last two decades forfeiting much of the ‘First Island Chain’ to China, dispensing its blood, treasure, and political capital in the sandbox.”.
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GMR-Megawide venture restructures P24-billion debt

Manila Standard Today 07 May 2021
GMCAC lenders are composed of BDO Unibank Inc., Philippine National Bank, Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, Metropolitan Bank and Trust Company and the Asian Development Bank. BDO Capital acted as the financial advisor to the transaction.
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Agreement with banks frees up P3.6B in cash for GMCAC from 2021 to 2023

Sun Star 07 May 2021
The lenders are composed of the country’s largest banks, namely BDO Unibank Inc., Philippine National Bank, Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, and Metropolitan Bank and Trust Company, as well as the Asian Development Bank.
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Anti-China alliance coalescing in South China Sea

Asiatimes 07 May 2021
Australia’s Austal, in partnership with Cerberus Capital Management, are set to finalize their acquisition of the Hanjin shipyards at Subic Bay in the Philippines, which regularly hosts major naval drills by the US, Australia and Japan along with the Philippine military.
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PLDT, Smart pilot enhanced UNICEF assessment tool

Journal Online 07 May 2021
As the Philippines’ largest and fully integrated telco firm, PLDT and Smart stand well-positioned to work with UNICEF and offer real-world experiences using the updated assessment tool ... PLDT is the Philippines’ largest integrated telco company ... PLDT has one of the largest market capitalizations among Philippine-­listed companies.
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PLDT and Smart reap gold, capturing multiple wins in 2021 Asia Pacific Stevie Awards

Journal Online 07 May 2021
The Philippines’ largest and fully integrated telco PLDT and its mobile unit Smart recently won four major awards, including Gold at the 2021 Asia-Pacific Stevie Awards ... PLDT is the Philippines’ largest integrated telco company ... PLDT has one of the largest market capitalizations among Philippine-­listed companies.
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Economies in the Financial Spotlight in 2021

Ghana Web 07 May 2021
The remaining four focus on the emerging market (Chile, Philippines, South Africa) and frontier (Georgia) economies ... The World Bank will also examine financial sector competition, assess oversight of markets and payments systems, and provide guidance for development of capital markets and access to finance for small and medium enterprises.
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Australian buy now, pay later app Zip Co expands into the Philippines

CNBC 06 May 2021
Larry Diamond, co-founder and CEO of Australian buy now, pay later platform Zip Co, says the company's strategic investment in the Philippines will help it capitalize on "demographic and economic trends." ... .
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Jobless rate falls despite ECQ in March

Manila Bulletin 06 May 2021
The number of jobless Filipinos declined by about 747,000 in March ...
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Eleazar is new PNP chief

Sun Star 05 May 2021
POLICE Lieutenant General Guillermo Eleazar has been appointed as the new chief of the Philippine National Police (PNP), Department of the Interior and Local Government Secretary Eduardo Año confirmed Wednesday, May 5, 2021 ... Guillermo Eleazer as the next chief of Philippine National Police with the rank of Police General vice PGen.
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Philippine health workers bring vaccines to the housebound in Manila suburb

Metro USA 05 May 2021
MANILA, Philippines (Reuters) – Going ... The Philippines is battling one of the worst coronavirus outbreaks in Southeast Asia, with the capital region, an urban sprawl of 16 cities that is home to at least 13 million people, the epicentre for the latest wave of infections.
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Healthcare & PharmaceuticalsPhilippine heath workers bring vaccines to the housebound in Manila suburb

Reuters 05 May 2021
The Philippines is battling one of the worst coronavirus outbreaks in Southeast Asia, with the capital region, an urban sprawl of 16 cities that is home to at least 13 million people, the epicentre for the latest wave of infections ... The rollout of vaccinations in the Philippines ...
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