MANILA, Philippines — The national government has released 91.4 percent of the P3.662- trillion national budget as of end-August to support the programs and projects of line agencies, the Department of Budget and Management (DBM) said yesterday. According to the latest data from the DBM, allotment releases from January to August have already reached P3.345 trillion, equivalent to 91.4 per...
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Lately, there have been many issues surrounding the agriculture sector that continue to challenge our local farmers and other agri-stakeholders. Tagged as the most challenged sector, agriculture is continuously affected by many factors including market price, logistic requirements, uncontrollable variables such as drought or typhoons, infestation, and other calamities that affect the productivi...
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CEBU Landmasters Inc. will acquire the Abaca Resort Mactan property. The developer announced it will expand the 4,328-square meter luxury resort, located in the Punta Engano area of Mactan Island, to 100 rooms from the current nine, set to be completed by 2023. The listed firm also signed a hotel management agreement with The Abaca Group, owner of the resort and a chain of top-end Cebu resta...
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AYALA Foundation was recognized for its communications initiatives during the awards night of IABC Philippines’ Quill Awards held at the Marriott Grand Ballroom in Pasay City recently. Ayala Foundation received awards of merit for a total of four communication tools, the 2017 annual report To Reach New Heights and the book Crescent Hopes; the Bangsamoro Young Leaders Program–Leaders...
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MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in th...
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STATE-RUN Pag-ibig Fund saw housing loan takeout in Visayas grow 15 percent in the first half of this year, an indication of a robust housing market in the region. Housing loans availed by its Visayan members from January to June totaled P4.49 billion, accounting for 12 percent of the nationwide loan takeout. This translated to a total of 4,250 housing units, up 23 percent from 3,461 in the...
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