THE Philippines is expected to lead Southeast Asian growth this year and the next following latest Asian Development Bank (ADB) revisions to its forecasts. The Manila-based lender, in the July edition of its Asian Development Outlook, maintained its Philippine gross domestic growth (GDP) forecasts at 6.0 percent and 6.2 percent for this year and the next. Those for erstwhile leader Vietnam,...
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Property giant Megaworld Corp. is set to announce this year more developments at The Upper East, a 34-hectare modern central business district in this city inaugurated by President Ferdinand R. Marcos Jr. in October last year, according to a report by Philippine News Agency. “We still have a lot to build in The Upper East. We will have two major developments that we will announce wit...
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Property giant Megaworld Corp. is set to announce this year more developments at The Upper East, a 34-hectare modern central business district in this city inaugurated by President Ferdinand R. Marcos Jr. in October last year, according to a report by Philippine News Agency. “We still have a lot to build in The Upper East. We will have two major developments that we will announce wit...
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PHILIPPINE BANKS remain well-capitalized and highly liquid, which will help them withstand credit and market shocks during crises, the Bangko Sentral ng Pilipinas (BSP) said. The BSP has continued to implement structural reforms to ensure the financial strength and safety of its supervised banks, it said in an e-mail to BusinessWorld. “The adoption of sound governance and ri...
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ABOITIZ InfraCapital Economic Estates is planning to develop commercial areas within the West Cebu Estate this year. The plans include building the West Cebu Exchange, a commercial complex that will host food outlets, retail shops, basic services, a supermarket, and a transportation hub. “Beyond West Cebu Estate’s strategic location, its skilled population and lower cost of doing...
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The sea mishaps that occur every now and then on that narrow body of water between Batangas province and Mindoro province—often resulting in casualties among vacationers out to enjoy the beaches of Puerto Galera—may soon be a thing of the past if the plans of San Miguel Corp. and the provincial government bear fruit. The conglomerate said on Wednesday it was pushing ahead with negot...
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