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Monthly Archives: October 2017

Rules out on casino coverage of AMLA

By Luis Leoncio The rules to implement Republic Act 10927 which amended the Anti-Money Laundering Act of 2001 (AMLA) was signed among heads and key officials of the Anti-Money Laundering Council (AMLC), Philippine Amusement and Gaming Corporation (PAGCOR), Cagayan Export Zone Authority (CEZA) and Aurora Pacific Economic Zone and Freeport (APECO) in a ceremony held last Wednesday, October 25.

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BSP dismisses worry over peso weakness

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) soothed worries about the recent weakening of the peso saying that the currency is merely undergoing an “adjustment process.”

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Economic chiefs see new optimism

Top economic executives said confidence on the economy is expected to make a strong rebound now that the Marawi conflict has ended and rehabilitation is on the way.

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Government forms task force to step up spendings

The government has formed an inter-agency task force to tackle bottlenecks and gaps in the country’s infrastructure development as infrastructure spending picks up, according to the National Economic and Development Authority (Neda).

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P70B has yet to improve Internet speed—PCC

The Philippine Competition Commission (PCC) said mobile and internet services in the country remains poor a year after Globe Telecom Inc. and PLDT Inc. acquired San Miguel Corp.’s (SMC) telecommunications assets including the 700MHz frequency it holds in a blockbuster P69 billion deal.

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JV Ejercito seeks probe of CAAP over skyscrapers

Sen. Joseph Victor “JV” Ejercito said he will seek a probe of officials of the Civil Aviation Authority of the Philippines (CAAP) for allowing the construction of structures that obstruct air traffic. Ejercito, vice chairman of the Senate committee on public services, said the construction of skyscrapers near airports poses serious danger to the air-riding public. He referred to the …

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Cebu Pacific invests $25M for pilot training

Cebu Pacific is pumping $25 million in a pilot training program to meet their expansion requirements.

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Government seeks ADB loan for e-jeepney

The Energy Department plans to apply for a new loan from the Asian Development Bank to roll out the government’s electric jeepney program, a year after the government cancelled the loan for the electric tricycle program.

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PAL calls for collaboration to cope with travel growth

Philippine Airlines (PAL) is calling on the local airline community to collaborate with the Philippine government in addressing industry concerns enunciated by the International Air Transport Association (IATA) and the Association of Asia-Pacific Airlines (AAPA).

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UK issues travel advisory vs Mindanao, Cebu

The United Kingdom issued a travel advisory to its citizens against going to Mindanao and parts of Cebu province due to “threat of terrorism.”

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