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Gokongwei is management man of year

The Management Association of the Philippines (MAP) chose tycoon John Gokongwei Jr., founder and chairan emeritus of JG Summit Holdings Inc. as MAP Management Man of the Year 2017.

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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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Duterte to his men: Spend or lose job

By Luis Leoncio Economic managers and other Cabinet officials were ordered by President Duterte to hasten spending or else lose their jobs.

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BSP, NEDA assert FDI remains ‘favorable’

Investments inflow remain healthy despite the warning of Sen. Franklin Drilon during a Senate hearing over a 90.3 percent drop in inew investments on which he based his serious concerns “over the capability of the government to attract new foreign investments.”

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Government fetes ICTSI for economic input

The government through the Board of Investments (BOI) of the Department of Trade and Industry (DTI) recently presented to global port operator International Container Terminal Services Inc. (ICTSI) the 2017 Guinogulan Award for Large Enterprises for its huge contribution to the country’s economic growth.

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No financing shortage for Marawi rehab—Diokno

Funding will not be a problem in the rehabilitation of Marawi City, which was recently declared liberated from the clutches of pro-Islamic State (IS) groups, as government had prepared for the reconstruction effort while several countries have committed to provide aid, Budget Secretary Benjamin Diokno said.

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