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Abandoning peace deal entails huge costs–WB

“Horribly expensive.” This was how a former official of the World Bank whom the multilateral agency tapped for development projects in the Philippines described the cost—in both human and material terms—of giving up on the peace agreement with the Moro Islamic Liberation Front by rejecting the Bangsamoro Basic Law or BBL

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ATM problems are here to stay?

Jerry Maglunog Problems bug the country’s automated teller machines (ATMs) ranging from the low load of cash to interconnection problems and the government is hard put trying to fix it.

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Forbes to bring world’s tycoons to PHL for meet

Forbes Media LLC, publisher of what is considered as business bible Forbes, has chosen the Philippines for its 15th annual Forbes Global CEO Conference slated on October 12 to 14.

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BDO loan base hits P1.2T

Lito U. Gagni Banco de Oro (BDO) Unibank breached the trillion-peso mark in its loan base last year registering a huge 31.5-percent surge to P1.2 trillion, as it pursued an aggressive lending strategy that netted low-margin corporate accounts.

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The end of the Light Rail Transit Line 1 (LRT-1) in Baclaran, Parañaque City, where the Cavite Extension line is supposed to start. The project is among those whose funding has been approved by the Neda but many now doubt if it would be finished before the term of President Aquino ends next year. ITOH SON

PPP: Post PNoy projects?

Luis Leoncio President Aquino’s private-public partnership (PPP) program, once touted as the centerpiece of his administration, appears to have become nothing but a butt of jokes as his administration winds down a little more than a year from today. The reason: Only 19 percent of the 29 flagship projects that were assigned with costs have been completed during the four …

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Expat issue worsens Fil-Sino row

Luis Leoncio A decision by the Department of Energy to send home 16 Chinese nationals working for the privately owned National Grid Corp of the Philippines (NGCP) threatens to exacerbate the tense diplomatic relations between China and the Philippines.

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BSP to retain flexible policies

Riza Lozada The Bangko Sentral ng Pilipinas (BSP) will remain resilient, creative and innovative in its policies to keep the economy at a steady pace of growth.

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‘Job-shedding growth ails economy’

Riza Lozada The Philippines suffers from a situation where the economy is among the fastest-growing in Asia but the jobless rate of between 6 and 7 percent is also among the region’s highest, according former Budget Secretary Benjamin Diokno.

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Special-powers bid passes on second reading

“Dangerously overbroad and fails to address the flaws of the Epira.” This was how Sen. Miriam Defensor-Santiago described Joint Resolution No. 12 that Malacañang certified as urgent in 2014 seeking emergency powers for President Aquino to resolve the looming energy crisis.

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70 years on, survivors keep memory of Battle of Manila alive

Oliver Teves / The Associated Press Seventy years have not dulled the memories of survivors of the month-long Battle of Manila. The mass killings by Japanese forces, the loved ones lost and the desperation are etched in their minds, as is the elation when American forces finally rescued them in the closing months of World War II.

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