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NFA defers more rice imports

State-run National Food Authority said Wednesday it may not import more rice in the first quarter, given an ample stock despite the lingering impact of the El Niño dry spell. NFA said in a statement figures from the Food Security ...

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January inflation expected at 1.2%

Inflation rate likely eased to 1.2 percent in January from 1.5 percent in December, following the slump in global oil prices, an official of the Finance Department said Wednesday. Finance Undersecretary and chief economist Gil Beltran said in an economic ...

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Ayala to establish 100 clinics

Conglomerate Ayala Corp. is expanding its investments in the healthcare sector, as it plans to roll out 100 retail clinics under the brandname FamilyDoc over the next three years. Ayala Corp. managing director Paolo Borromeo said in a interview the ...

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Peso falls to new low of P47.995 vs dollar

THE peso on Tuesday posted a fresh six-year low against the US dollar, shedding P0.11 to close at 47.995 from 47.88 Monday, as declining oil prices dragged down equities and currencies in the region. It was the local currency’s weakest ...

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Ramon Ang shows interest in IBC sale

Businessman Ramon Ang said Tuesday he plans to join the auction for state-owned International Broadcasting Corp., operator of free-television Channel 13, following his failed bid to invest in GMA Network Inc. Ang, president of conglomerate San Miguel Corp., said “yes” ...

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Govt buyout of MRT 3 expected in June — Abaya

The Transportation Department said Monday it is set to meet with the Finance Department next month to resolve issues raised by two government banks over the takeover of Metro Rail Transit  Line 3. “We are hoping [to buy out MRT ...

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IBC 13 up for sale for P2b

State-owned Intercontinental Broadcasting Corp., operator of free-television channel 13, is up for sale for a floor price of P1.977 billion, the Governance Commission for Government Owned and Controlled Corporations said Monday.  GCG said President Benigno Aquino III approved the privatization ...

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MPIC fails to buy out hospital 

Conglomerate Metro Pacific Investments Corp. has failed to get a majority stake in the 315-bed Davao Doctors Hospital after conducting a general offer. A final tender offer report filed with the Securities and Exchange Commission by Metro Pacific’s hospital unit ...

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PAL eyes 2nd route in Europe next year

Philippine Airlines plans to fly to a second destination in Europe next year as it expects delivery of more long-haul jets this year.  “We are in the process of finalizing a decision to fly to a second destination in Europe. ...

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John Hay companies take sides with BCDA

More companies and locators doing business in the John Hay Special Economic Zone have signed lease agreements with state-run Bases Conversion and Development Authority, which stripped Sobrepeña-led Camp John Hay Development Corp. of the right to manage the special economic ...

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