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Century Pacific Food nets P2.66B

Listed canned tuna food firm Century Pacific Food, Inc. on Wednesday said its profit surged 37 percent in 2016 on the back of continued revenue growth and the consolidation of its recently acquired coconut subsidiary. Its net income reached P2.66…

EU pledges 6.1-M-euro trade aid to PH

The European Union (EU) has committed some 6.1 million euros to the Philippines for the Trade-Related and Technical Assistance Project Phase Four (TRTA-4), EU Ambassador to the Philippines Franz Jessen said. “We are committed to support the strengthening of Philippines’…

BSP chief keen on inflation up to 4%

The Philippines’ inflation rate is seen to continue its rise towards the upper end of the central bank’s 2 percent to 4 percent target range until the third quarter of the year. ”A closer scrutiny of the monthly inflation path…

S&R coming to Novaliches

The latest branch of the world-class S&R Membership Shopping chain in Metro Manila is opening soon in the fast-growing business district of Novaliches , now divided between Quezon City and Caloocan City. To be called S&R Commonwealth, its spacious building…

MBC poll: Optimism on growth stays

Businesses remain optimistic with the country’s economic growth for this year, according to First Semester Executive Outlook Survey for 2017 of the Makati Business Club (MBC) released on Tuesday. The MBC survey shows that 83 percent of the respondent companies…

Sino traders assured of Duterte support

President Rodrigo Duterte assured Chinese businessmen of his support, so long as they pay the right taxes and help him in his reform initiatives. In his speech during the opening of the 31st Biennial Convention of the Filipino-Chinese Chamber of…

BSP keeps rates, cuts inflation forecasts

Philippine monetary officials on Thursday kept the Bangko Sentral key rates anew, citing the manageable inflation environment as supportive of growth. However, the policy-making Monetary Board (MB) cut the inflation forecasts for 2017 and 2018 due to lower oil prices…
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