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By Bullit Marquez / The Associated Press Clark air base—The Philippines on Saturday took delivery of two Korean-made fighter jets — the country’s first supersonic combat aircraft in a decade — as it strengthens its underfunded military amid an escalating territorial feud with China.

The Philippine Amusement and Gaming Corporation (Pagcor) has started spread­ing holiday cheer to thou­sands of less privileged Fili­pinos through its traditional Pamaskong Handog gift-giv­ing project this year. Pagcor allocated P21 million for it. The state-run agency’s 12 days of gift-giving started November 27 and will run up December 17. It is expected to benefit 10,000 less fortu­nate Filipinos under the …

By Riza Lozada  Land, building and property developers remain upbeat on the economy, and three of them planning initial public offerings (IPOs) that aim to raise a total of P23.77 billion before the end of the year. 

By Luis Leoncio  Is President Benigno Aquino III,prepared to endorse Charter change and risk alienating some of his most influential allies at this time when he needs their support for his candidates in the coming elections? 

Kuala Lumpur—Southeast Asian leaders on Saturday opened a weekend summit that will bear the fruits of eight years of labor—the formal launch of a unified economic community in a diverse region far larger than the European Union or North America, with hopes of competing with China and India. 

The horse-trading between Malacañang and Congress over the proposed tax cuts continues. 

By Jerry Maglunog Philippine Airlines (PAL), the nation’s flag carrier, lost $18.7 million, or about P874.8 million, as a result of the preparations for the hosting by the Philippines of the Asia Pacific Cooperation (Apec) summit. 

By Luis Leoncio  Banco de Oro (BDO) Unibank, the country’s biggest, with total assets of P1.86 trillion is looking toward Japan to expand its overseas reach.

By Jerry Maglunog The Philippines hosts this week what critics have come to regard as the annual “socials” of global leaders called the Asia Pacific Economic Cooperation (Apec) summit, the outcome of which, a noted economist lamented, would bring little in terms of immediate benefits to the economy. 

The remittances of over seas Filipinos, which totaled around P24.8 billion or 10 percent of the country’s gross domestic product (GDP) in 2014, may be drying up, according to London’s Financial Times (FT), quoting data from the Bangko Sentral ng Pilipinas (BSP).