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Sunday, May 26, 2024

Economy & Trade

SteelAsia exports P1.80-b steel bars for Canadian railway

COMPOSTELA, Cebu—SteelAsia Manufacturing Corp. said Thursday it exported P1.8 billion worth of high-strength steel bars to a Canadian railway system based in Vancouver. “We really plan to maximize the opportunity to export steel now that we know there is huge demand from foreign buyers. To date, I think we’ve had 6 shipments to Canada already,” the company said before a media plant tour to its newest reinforcement bar (rebar) facility...

Domestic trade value surged 47% to P389b in first quarter

The value of domestic trade in the Philippines surged 46.7 percent in...

AIIB approves P64-billion loan for Bataan-Cavite Interlink Bridge Project

The Asian Infrastructure Investment Bank (AIIB) said Friday it approved a loan...

Gov’t seeks to diversify growth drivers

The National Economic and Development Authority (NEDA) said the Philippines should diversify...

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Market Reach boosts best of Filipino brands through international distribution platform

The Philippines, with all its 7,107 islands, is a fusion of unique flavors, ingenuity and creativity. As a hot pot of culture, it’s not...

Credit Suisse reaches deal with US on mortgage-backed securities

Zurich, Switzerland—Credit Suisse said Monday it would pay $495 million as part of a deal reached with US prosecutors in a long-running dispute over...

UK unveils fiscal measures in wake of budget turmoil

LONDON, United Kingdom—Britain’s new finance minister Jeremy Hunt will unveil tax and spending measures later Monday, bringing forward part of his fiscal plan to...

PH welcomes foreign investments in telecom, infrastructure

The Philippines is open to foreign investments, particularly in telecommunications, airports, toll roads and shipping, Finance Secretary Benjamin Diokno said. Diokno expressed readiness to welcome...

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