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Government seeks WB help for OFW bank

The International Finance Corp. (IFC), a sister organization of the World Bank, was asked by the government to help set up a digital banking system for the Overseas Filipino Bank (OFB) to keep it abreast of the rapid advances in technology and clear the way for its partial privatization in the future, Finance Secretary Carlos Dominguez said.

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Former Justice Pamaran is new VFP president

By Ben Cal MANILA – Defense Secretary Delfin N. Lorenzana has sworn in former Sandiganbayan Justice Manuel R. Pamaran as the president of the Veterans Federation of the Philippines (VFP).

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Peza pushes for countryside development

The Philippine Economic Zone Authority (Peza) is encouraging local government units (LGUs), private landowners and business groups to have their lands converted into an economic zone to enhance their development potential.

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Globe urges govt to help expedite installation of cell sites

The Philippines would be able to achieve broadband Internet speed of at least 50 megabits per second (Mbps) for the next three years if the government can come up with policies that expedite the installation of cell sites across the country according to major telco firm Globe Telecom.

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Cebu’s ‘resort’ terminal opens

After three years, Terminal 2 of the Mactan-Cebu International Airport (MCIA), billed as a “resort airport,” was inaugurated by GMR-Megawide Cebu Airport Corp. (GMCAC) with President Rodrigo Duterte as guest.

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Laguna signs Bugas, Clarino brothers

Stallion Laguna was the second club to announce its PFL mid-season transfer window signings by baring that it acquired the services of Pao Bugas and OJ and Gino Clarino.

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Cutting pilferage key to lower power bills—solon

Republic Act 7832 (Anti-Electricity and Electric Transmission Lines/Materials Pilferage Act of 1994) recognized that not all systems loss ought to be borne by the power distributors. It is for this reason that RA 7832 made it state policy to impose a cap or ceiling on how much systems losses can be recovered from consumers.

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Moody’s: Tax reforms to address revenue woes

Moody’s Investors Service says that tax reforms in developing Asia Pacific economies will help address the narrowness of revenue bases in some countries, but that many governments still face structural barriers to broadening these bases.”

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TRAIN not to blame for inflation—DOF

A spike in rice prices because of alleged lack of supply, a weak peso, rising oil prices abroad, better tax compliance of local cigarettes, and growing consumer demand accounted for the bulk of the 4.5 percent inflation in April.”

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Widescale economic growth being met—Neda

Subnational regions should be at the forefront of Philippine development as the government implements its massive infrastructure program throughout the country in line with the National Spatial Strategy, the National Economic and Development Authority (Neda) said.

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