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The Philippines has graduated from being a “mostly unfree” to a “moderately free” economy, according to the 2014 Index of Economic Freedom published by The Heritage Foundation. Up by 1.9 points, the country’s economic freedom score reached…
OVERSEAS remittance flows to the Philippines will likely expand at a faster pace of 8 to 8.5 percent in 2014 on improved global growth prospects and post-supertyphoon Yolanda reconstruction, according to the British bank Standard Chartered (Stanchart).…
THE Philippines soared higher among Asia-Pacific’s top markets in real estate investment and development prospects, emerging among the top bets especially in the residential, office and retail property segments. Based on Urban Land Institute (ULI) and PricewaterhouseCooper’s…
OIL firms operating in the Philippines are set to lower pump prices for the second week in a row amid lingering weakness in the price of refined petroleum products abroad. Petron, Shell, Seaoil, and PTT Philippines said…
The Department of Transportation and Communications (DOTC) has postponed the awarding of the contract to the highest bidder in the project to build a new terminal and operate the Mactan-Cebu International Airport (MCIA). Transportation Secretary Joseph Emilio…
Expect more rains and continued chilly weather in the next few days. The Mactan station of the state weather bureau yesterday recorded a temperature reading of 23°C – the coldest so far this year – and is…
The US-based Convergys Corp. has hatched a P36-billion deal to buy 100 percent of Stream Global Services Inc., a business process outsourcing (BPO) firm partly owned by the Ayala conglomerate, creating the world’s second largest customer management…
They were cramped, had thin plywood walls, and two-slope roofs that could be easily torn off by strong storms. Architect and urban planner Felino Palafox Jr. yesterday shared his observations of the bunkhouses built for typhoon victims…
THE Algerian government will donate 146,000 sacks of rice to victims of supertyphoon Yolanda in the Visayas. Algerian Ambassador to the Philippines Abdelmalek Bouheddou handed over the initial shipment of 15,600 sacks to the Department of Social…
A 36-YEAR-OLD woman was critically wounded after she was stabbed by her female neighbor in barangay Marigondon, Lapu-Lapu City. Lovella Delera sustained two stab wounds in the abdomen. Police conducted a follow-up operation after the incident but…
Residents in Cebu and Bohol were jolted anew by a 4.3 magnitude earthquake that was felt at 4:21 p.m. yesterday, Dec. 29. The Philippine Institute of Volcanology and Seismology (Phivolcs) in Lapu-Lapu City said the tremor was…
Following the higher taxes on “sin” products such as alcohol and cigarettes, could those bottles of cola be next in line? Higher taxes should be imposed on soft drinks and the like, especially now that the revenue…
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