Category: Business
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NEDA Highlights AI’s Role in Boosting Philippine Economy
MANILA – The National Economic and Development Authority (NEDA) has emphasized the transformative potential of artificial intelligence (AI) in propelling economic growth, increasing productivity, and sparking innovation across multiple sectors in the Philippines. A recent policy note from NEDA’s Office of the Undersecretary for Legislative Affairs, authored by Krystal Lyn Tan Uy, delves into how…
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Philippine Stock Market Dips as Investors Cash Out, Peso Gains Ground
In Manila, the Philippine Stock Exchange index (PSEi) experienced a decline of 1.39 percent, closing at 6,154.99, while the All Shares index also dropped by 0.63 percent to 3,663.64 on the final trading day of the week. Luis Limlingan, head of sales at Regina Capital Development Corp., noted that investors were securing profits in anticipation…
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BPI Foundation and Mapúa Malayan Colleges Mindanao Partner to Boost Financial Literacy in Davao
In a move to enhance financial education, the Bank of the Philippine Islands (BPI) through its BPI Foundation (BPIF) has joined forces with Mapúa Malayan Colleges Mindanao (MMCM) to roll out a comprehensive financial literacy program in Davao City. This initiative, named ‘FinEd Unboxed,’ is designed to empower students and local communities with essential financial…
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Philippine Government and French Development Agency Partner to Boost Agricultural Sector Through Geographical Indications
In a significant move to enhance the Philippine agricultural sector, the Intellectual Property Office of the Philippines (IPOPHL), in collaboration with the Agence Française de Développement (AFD) and the Department of Agriculture (DA), has initiated a project aimed at leveraging the geographical indication (GI) system. This initiative, launched in Manila, seeks to increase the competitiveness…
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BCDA Forges New Residential Lease Agreements at Camp John Hay
In a significant development at Camp John Hay, Baguio City, the Bases Conversion and Development Authority (BCDA) has entered into new lease agreements with multiple sub-lessees of CJH Development Corporation (CJHDevCo). These agreements cover properties in Forest Estates, Country Homes, Golf Estates, and Forest Cabins, marking a pivotal step towards harmonizing interests among all involved…
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Philippine Government Escalates Battle Against Counterfeit Trade, Seizes P41 Billion in Fake Goods
In a robust effort to curb the spread of counterfeit products, the National Committee on Intellectual Property Rights (NCIPR) in Manila has ramped up its operations, resulting in the seizure of fake goods valued at PHP40.99 billion in 2024. The Intellectual Property Office of the Philippines (IPOPHL) announced that this figure represents a significant increase…
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ARTA Proposes One-Day Medical Aid Processing to Streamline Assistance
The Anti-Red Tape Authority (ARTA) is pushing for a significant overhaul in the processing of medical and financial aid, aiming to cut down the time to just one day. ARTA Director General Ernesto Perez announced this initiative during the 2025 Ease of Doing Business Economic Briefing held at the University of Asia and the Pacific…
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Philippine Stock Market Dips Amid Profit-Taking, Peso Remains Steady
MANILA – The Philippine Stock Exchange index (PSEi) experienced a decline on Thursday, ending a two-day upward trend as investors cashed in on their profits. Meanwhile, the peso concluded the day with minimal change. The PSEi dropped by 0.62 percent to close at 6,241.97, while the All Shares index fell by 0.26 percent to 3,687.05.…
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DTI Releases Updated SRP List: Prices Rise for 77 Items
The Department of Trade and Industry (DTI) in Manila has recently updated its suggested retail price (SRP) bulletin for essential goods and prime commodities, marking the first revision since January 12 of the previous year. The new bulletin, released on Thursday, indicates that out of the 191 shelf-keeping units (SKUs) listed, 77 items, representing 40%…
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