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Unemployment rate up in August

The government reported Thursday that more Filipinos were jobless or out of business in August. As reported by the Philippine Statistics Authority, the countrys unemployment rate went up to 5.3 percent in August 2022 from 5.2 percent in July. But year-on-year, unemployed workers decreased to 2.7 million in August 2022 from 3.9 million in August 2021....

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BOC exceeds September target revenue by P17.6-B

The Bureau of Customs (BOC) recorded a surplus of PHP17.6B or 28.4 percent, after collecting a total revenue amounting to PHP79.5 billion in September.

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Globe, Ayala, Singtel underscore importance of sustainability

The urgent need to combat climate change and provide equal access to opportunities and resources for the marginalized population has pushed sustainability to the forefront of business operations.

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Beep cards now reloadable at ShopeePay

BEEP card operator AF Payments Inc. said cardholders can now reload at Shopee Pay, their e-wallet partner.

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Smart SIM registration preparations underway

PLDT's wireless subsidiary Smart Communications, Inc. (Smart) on Monday said that they are gearing up for SIM registration as Congress transmits the bill for the signature of the President.

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Peso sinks to new record low, closes at P59 to

The Philippine peso continued its losing streak against the US dollar, closing at yet another record low of P59 to 1. The currency briefly touched P59.02 intraday on Sept. 28. Further peso depreciation is seen as the US Federal Reserve signals more rate hikes in the near term. #in60words.

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Bankers want BSP Branch in Bohol

To eliminate the hazards associated with routinely carrying cash into and out of the island province, the Bohol Bankers' Association (BBA) has appealed to the Sangguniang Panlalawigan (SP) to address the matter.

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Over 4,000 workers laid off in Mactan export processing zone

Several apparel companies in Cebu province have laid off 4,000 workers, affecting companies like Mactan Apparels Inc., Metro Wear, Inc., Globalwear Manufacturing Inc., Eeeder Apparel Corporation, and Vertex One Apparel Phils. The mentioned companies also had to temporarily cease operations during the height of the pandemic and accommodate their employees again when restrictions were eased. #in60words...

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BPI, Robinsons Bank announce merger plans

The Bank of the Philippine Islands and Robinsons Bank Corp. approved the execution of a merger agreement. In a joint statement, the two banks said BPI will emerge as the surviving entity, subject to shareholders and regulatory approvals.

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GCash improves security for users, moves text messages to app

In line with efforts to combat scammers and fraudsters, financial app GCash further intensified their security measures by migrating transaction confirmation messages to the app inbox and removes clickable links in all emails and text messages to users.

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BPI announces planned merger with Gokongwei-led Robinsons Bank

BPI formally announced its planned merger with Robinsons Bank Corp. The board of directors of BPI approved the execution of an agreement between BPI and RBC. BPI will emerge as the surviving entity, subject to shareholders and regulatory approvals. Upon completion of the merger, Robinsons Bank shareholders will collectively hold about 6% of the resulting outstanding capital stock of BPI. #in60words...

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BSP forecasts faster September inflation

Inflation likely quickened faster in September due to rising food prices and a weak peso, the Bangko Sentral ng Pilipinas said Friday. In a statement, the BSP said it projects September 2022 inflation to settle within 6.6 to 7.4 percent.

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Foreign Investments Registered with BSP reached 86B in August

The Bangko Sentral ng Pilipinas has recorded US86 million net outflows of transactions on foreign investments through Authorized Agent Banks ( AABs ) in August 2022. This is lower compared to US103 million net outflows recorded in July 2022.

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NEDA PHL to benefit from financially viable PPP projects

The National Economic and Development Authority (NEDA) is confident that more financially viable and well-structured Public-Private Partnership (PPP) projects will be delivered. This, following the publication of the Revised 2022 Implementing Rules and Regulations (IRR) of the Build-Operate-Transfer (BOT) Law last September 27, 2022.

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All hail to the kings!-Jonathan So and Carl Macadangdang seal

All hail to the Franchise Kingsas young tycoons Jonathan So and Carlito Macadangdang spearheaded the Mega Opening of their own House of Franchise offices on Saturday, Sept. 24. The 2-storey building was built to serve as a one-stop shop for its brands like toktok, Siomai King, Mang Boks, Potato King, Sgt. Sisig, Burger Factory, Noodle House, and Boy Bondat. #In60words...

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