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David M. Consunji - pioneering engineer and industrialist who was not afraid to get his hands dirty on the manual aspects of the building profession - passed away at the age of 95 on Monday, Sept. 4, individuals close to the family confirmed.
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The country’s first subway system will be up for President Duterte’s approval next month ahead of the planned signing of the loan agreement between the Philippine and Japanese governments in November, the country’s chief economist said.
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Economic managers are expected to approve today a higher project costfor the first subway system in the country to fast-track its completion, the country’s chief economist said.
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Senator Sherwin Gatchalian has questioned the Energy Regulatory Commission’s pending approval of Meralco’s 20-year power supplyagreements that will be sourced from coal, especially considering there are cheaper renewable energy (RE) sources in the country.
Read more: Senator asks: Why costly long-term coal deals, when RE is cheaper?
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The peso on Thursday, Sept. 7, returned to the 50:$1 level, closing at 50.93:$1 from 51.095:$1 last Wednesday.
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LONDON -- UK Food Minister George Eustice has announced a brand new export deal for British beef with the Philippines, worth an estimated £34 million to the UK economy.
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To fast-track the rollout of infrastructure projects and enjoin greater private sector participation, the government will remove the restriction on foreign contractors from its investment negative list, the country’s chief economist said Thursday, Sept. 6.
Read more: Gov’t to remove restrictions on FINL to expedite infra programs
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SEATTLE -- Starbucks chairman Howard Schultz says the events surrounding a white nationalist rally in Charlottesville, Virginia, last weekend have put the “moral fiber” of the country in question.
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The country’s chief economist has urged the Cabinet members of the Duterte administration to push for “pro-poor” programs and legislation that will allow the robust economic growth to trickle down to most Filipinos.
Read more: Neda chief pushes ‘pro-poor’ programs, legislation for inclusive growth
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LONDON -- As the European market for organic and natural food sees explosive growth, Philippine agribusinesses are benefitting from the increased demand.
Read more: PH benefits from rising European demand for organic products
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