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ArticleBoP swings to $1.5-B defi­cit in July

THE Phil­ip­pines’ bal­ance of pay­ments (BoP) pos­i­tion swung to a defi­cit for the first time in three months in July, data from the Bangko Sen­t­ral ng Pilip­i­nas (BSP) showed. Accord­ing to cent­ral bank data released late on Wed­nes­day, the...

ArticleRecov­ery in infra­struc­ture spend­ing not likely until Q4

ArticleMoody’s: Pro­GRESS bill could risk delay­ing f iscal con­sol­id­a­tion

THE National Gov­ern­ment’s pro­posed tax reforms, if enacted, risk fur­ther delay­ing the coun­try’s fiscal con­sol­id­a­tion, espe­cially given its widen­ing budget defi­cit and record debt-to-gross domestic product (GDP) ratio, Moody’s Rat­ings said.

ArticleDHI seeks P30-bil­lion cap­ital hike for Tam­pakan-linked mer­ger

ArticlePSE approves Robin­sons Retail del­ist­ing effect­ive August 31

THE Phil­ip­pine Stock Exchange (PSE) has approved the vol­un­tary del­ist­ing of Robin­sons Retail Hold­ings, Inc. (RRHI), with the retailer’s shares to be removed from the Exchange’s offi­cial registry effect­ive Aug. 31. In an advis­ory to mar­ket...

ArticleMer­alco sees bil­lions in sav­ings from cut­ting co-op sys­tem losses

MANILA Elec­tric Co. (Mer­alco) said part­ner­ships with elec­tric cooper­at­ives (ECs) could gen­er­ate bil­lions of pesos in con­sumer sav­ings by bring­ing double-digit sys­tem losses down to single-digit levels. Mer­alco Senior Vice-Pres­id­ent...