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Stocks tumble on global economic concerns

The Philippine Stock Exchange index (PSEi) plunged 99.19 points or 1.48 percent to close at 6,587.17, its lowest since February. File photo MANILA, Philippines – Lingering concerns on the global environment continue to…

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BOI readies new 2-year IPP

NEGOSYO PARA SA KAPAYAPAAN SA SULU: President Rodrigo Duterte led the Christmas Townhall last Dec. 19, which launched the project, Negosyo Para sa Kapayapaan sa Sulu of the Departments of Agriculture and Trade and Industry, and Go Negosyo…

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OFW Bank to open in 2017

Dedicated to the OFWs. The Duterte administration is opening an OFW Bank in the third quarter of 2017. An official from the Cebu Bankers Club said that amid expected competition, private commercial banks still have a huge advantage in terms of network. But if the governmen…

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BSP profit hits record P15.3 B in 10 months

Revenues surged 30.2 percent to P62.33 billion from P47.87 billion as interest earnings rose 21 percent to P38.83 billion from P32.08 billion, while miscellaneous income coming from trading gains from domestic and foreign currency secur…

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BSP profit hits record P15.3 B in 10 months

Revenues surged 30.2 percent to P62.33 billion from P47.87 billion as interest earnings rose 21 percent to P38.83 billion from P32.08 billion, while miscellaneous income coming from trading gains from domestic and foreign currency secur…

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Swap old bills before December 29

No more value. Bangko Sentral ng Pilipinas (BSP) Cebu Regional Director lawyer Leonides Sumbi shows pieces of the old banknote series, which are due for demonetization by the end of this year. The BSP said the demonetization safeguards the integrity of Philippine banknotes against count…

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