The Market Monitor Minding the Nation's Business
By Riza Lozada State scientists fear that 31,000 people would perish and structural losses could reach P2.3 trillion in the event a 7.2-magnitude earthquake hits Metro Manila, the Philippine Institute of Volcanology and Seismology (Phivolcs) said, based on simulations it made.
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June, 2015
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1 June
Pseudo pawnshops mushroom amid need for credit
By Jerry Maglunog Pawnshops are vital businesses. They help people who run out of cash to get instant money for a modest interest of 3 percent to 4 percent a month. In the Philippines, there are several big-name pawnshops that have become part of people’s lives, especially those who need instant cash.
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1 June
The discordant melody of mining (First part)
If mining had music, its melody would be discordant where what popular tunes might be in direct contradiction with its libretto, the notes and the cleft, the specific details that comprise its music violently divergent and contradictory resulting in a cacophony of noise, painful and excruciating.
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1 June
Surprise of my life: ‘Misua’ isn’t Chinese
It had confounded me that I couldn’t find a package of misua in four shelves of what looked like an all-nation variety of Oriental noodles at our neighborhood Chinese-run produce store here in Vancouver. My frantic state of mind must be blinding me, I had thought—as the clock over the garlic/onion/ginger/yam/potato bins clicked fast to suppertime—or maybe, it’s going by a …
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1 June
Mar ready, but are voters ready for him?
In the strongest indication that he is, indeed, running for president, Interior and Local Government Secretary Mar Roxas announced last week that he is ready to face President Aquino’s declaration that he is the top choice to continue with the government’s anti-corruption campaign.
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May, 2015
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31 May
ALI starts development of Iloilo project
Ayala Land Inc. (ALI) and the Pison family of Iloilo province have partnered in the development of Atria Park District.
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31 May
SM sponsors 275 new scholars, 263 graduates
By Riza Lozada SM Foundation Inc. (SMFI) will sponsor 275 students from public schools nationwide under its college scholarship program for this year.
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31 May
Chevron revs up S&T in schools through FYS bid
Chevron Philippines Inc. (Chevron) will help 33 public schools in Metro Manila upgrade their science and technology (S&T) capabilities through a donation of P150,000 for each school through the Caltex Fuel Your School (FYS) program.
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31 May
Huffington Post cites Globe as Philippine leader
Ayala-led Globe Telecom has been cited in American online news site Huffington Post as a Philippine mobile brand that has helped position the country as the “Digital Lifestyle Capital of the World.”
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31 May
Merge or perish, BSP hints to rural banks
By Jerry Maglunog When the Bangko Sentral ng Pilipinas (BSP) raised the minimum paid-up capital for rural banks (RB), it sent an underlying message for small struggling banks to merge for survival. Under the new memorandum, anyone who wants to put up an RB needs at least P10 million, if it is located in a fifth-class municipality.
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