Latest News for: Philippines capital

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Strong US dollar an unstoppable force endangering other currencies

Dawn 01 Oct 2022
NEW YORK ... considering its plan doesn’t have permanency,” said Patrick O’Hare of Briefing.com ... Bad memories ... Malaysia, the Philippines and Indonesia followed, which panicked foreign investors and led to massive outflows of capital, pushing several countries into a severe recession and South Korea to the brink of default ... .
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Philippines closes online gambling operators targeting Chinese

Beijing News 30 Sep 2022
MANILA, Philippines ... As operators capitalized on the Philippine's liberal gaming laws to target customers in China, where gambling is banned, the online industry emerged in the Philippines in 2016 and grew rapidly.
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BPI and Robinsons Bank Announce Merger Plans

Manila Standard 30 Sep 2022
... of the Philippine Competition Commission, the Bangko Sentral ng Pilipinas, the Philippine Deposit Insurance Corporation, and the Securities and Exchange Commission, the RBank Shareholders will collectively hold approximately 6% of the resulting outstanding capital stock of BPI.
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Supertyphoon Noru Kills 12 People, Injures 52 Others in Philippines - Authorities

Urdu Point 30 Sep 2022
MOSCOW (UrduPoint News / Sputnik - 30th September, 2022) The Noru (Karding) typhoon, which hit the Philippines earlier in the week, has killed 12 ... On Monday, chairman and CEO of the Philippines Red Cross Richard J.
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Philippines logs 2,489 new COVID-19 cases, 31 deaths

Xinhua 30 Sep 2022
30 (Xinhua) -- The Philippines reported 2,489 new COVID-19 infections on Friday, bringing the number of confirmed cases in the Southeast Asian country to 3,948,040 ... Metro Manila, the capital region with over 13 million ...
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PH ranks 59th at GII 2022, still recognized as an ‘extraordinary upward mover’ – DOST

Manila Bulletin 30 Sep 2022
In 2022, the Philippines ranks 5th among the 36 lower-middle-income group economies compared to its 4th place in 2021 ... “The Philippines rank in the latest Global ... “The Philippines continues to capitalize on its strengths and increasing capacity in industry 4.0 technologies.
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DOJ sustains 40% foreign RE ownership rule

Manila Bulletin 30 Sep 2022
The ownership constraint on foreign investors had been pointed to as the main reason why the Philippines has been lagging behind Asian neighbors when it comes to the competition of cornering capital on RE investments.
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From 'piso' repairs to being an IoT leader

The Manila Times 30 Sep 2022
We started growing from there." ... In 2022, Clixlogic ranked 16th on the Philippine Daily Inquirer's Growth Champions List ... Growth Partners is First Circle's own version of venture capitalism ... Make the Philippines the IoT capital of the world. "We used to be the texting capital of the world and now we are the social media capital of the world," he said.
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Philippines logs 2,536 new COVID-19 cases, 34 more deaths

Xinhua 29 Sep 2022
Health Undersecretary Maria Rosario Vergeire said the infections in Metro Manila and adjacent areas continue to rise while the number of new cases in the rest of the country "plateaus," adding that 13 of the 17 areas in the Philippine capital are showing an uptick in cases ... Philippines logs 2,536 new COVID-19 cases, 34 more deaths.
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BSP issues prudential requirements applicable to digital banks in PH

Sun Star 29 Sep 2022
The approved guidelines set out the Bangko Sentral ng Pilipinas’ (BSP) supervisory expectations with regard to corporate and risk governance of digital banks as well as the applicable prudential regulations on capital, leverage, and liquidity ... This is to ensure that banks maintain sufficient capital to cover the risks that they assume.
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IChef now Halal-certified

Sun Star 29 Sep 2022
Nicole Niña Hao Bian-Ledesma, chief operating officer and vice president for Academic Affairs Institute of Joji Ilagan International Schools said this will strengthen the bid of Davao City to be the Halal capital of the Philippines.
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Armyworm infestation leaves Philippines farmers deep in debt

Business Day 29 Sep 2022
Bayambang — In the northwestern Philippine town of Bayambang, long known as the onion capital of Pangasinan province, an invasion of crop-devouring armyworms has stolen farmer Merlita Gallardo’s income — and her husband ... In places like the Philippines, now unsustainable farming ...
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Global recession

Manila Standard 29 Sep 2022
Higher US interest rates, as Okonjo-Iweala notes, worsen the debt service burdens of developing nations like the Philippines and weaken their currencies because of capital flight ... A recession in Europe and the US will eventually be felt in Asia. Western consumers will buy less exports from developing nations such as the Philippines ... ....
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Lives destroyed as armyworms invade Philippine ‘onion capital’

The Philadelphia Inquirer 29 Sep 2022
BAYAMBANG, Pangasinan --- In the northwestern Philippine town of Bayambang, long known as the onion capital of Pangasinan province, an ...
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LANDBANK empowers woman-entrepreneur to grow Cagayan store

Manila Standard 29 Sep 2022
Ginalyn then turned to the Land Bank of the Philippines (LANDBANK) for credit assistance amounting to P30 million under the Emerging Female-Initiated Livelihood and Investment Projects via INclusive Financing to Accelerate Entrepreneurial Growth (FILIPINA) Lending Program, to finance the working capital for JP’s Enterprises.
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