International news
News from wire services and other publishers.
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China Bank Savings deepens support for educators
As the country celebrates National Teachers’ Month, China Bank Savings continues to strengthen its support for Filipino educators through financial wellness initiatives nationwide.
PHirst Park Homes merges with Century Properties
The Antonio family’s Century Properties Group Inc. has secured the approval of the Securities and Exchange Commission for its merger with PHirst Park Homes Inc., with CPG as the surviving entity.
JTI backs unified tax on e-cigarettes
A proposed unified tax rate on e-cigarettes may help plug a loophole that provides an avenue for illicit traders to misdeclare higher-taxed products, while ensuring the government collects proper revenues, JTI…
Forex loans rise to $16.3 billion in Q2
Banks’ foreign currency loans rose by 5.6 percent to $16.31 billion in the second quarter from $15.44 billion in the previous quarter, driven mainly by stronger borrowing by exporters and other industries, the Bangko…
EPIRA at 25: The distribution utilities
The Electric Power Industry Reform Act of 2001 (EPIRA, RA 9136) turned 25 years old this year. I wrote a three-parts series last month in my column in BusinessWorld: “EPIRA at 25: More lights, less blackouts, fewer…
ABS-CBN shareholders OK P6 billion placement
Media giant ABS-CBN Corp. has received a P6-billion placement from the Lopez family and its new investor, increasing the company’s shares and adding seats to the boardroom.
ACEN takes in Dutch partner for solar project in India
Zobel-led ACEN Corp. is partnering with Netherlands-based Diamond India Renewables One B.V. for yet another solar power project in India.
ShopSM, Penshoppe, Bench among top Asian retailers
Local retail powerhouses ShopSM, Penshoppe and Bench made it to the inaugural Brand Conviction Index: Asia’s Top 100 Retailers.
Building tomorrow’s power grid
After 25 years, the Electric Power Industry Reform Act of 2001is back in the spotlight. The Philippines’ top energy leaders convened at a recent roundtable to judge EPIRA’s record after a quarter of a century.
Government debt piles up to P19.6 trillion in August
The national government’s outstanding debt climbed to a new record high of P19.61 trillion at the end of August as fresh borrowings and a weaker peso pushed up both domestic and foreign obligations.