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March 23, 2017 3:20 PM BTr to sell retail bonds next week

The Duterte administration will sell its second retail bonds targeted at local small investors next week, the Bureau of the Treasury (BTr) announced yesterday. National Treasurer Rosalia V. de Leon said the government will sell at least P30 billion worth of three-year treasury retail bonds (RTBs) during the price-setting auction on Tuesday next week. “We want more Filipinos 5

March 23, 2017 9:22 AM Republican Health Care Vote: Everything You Need to Know

All eyes are on Congress today, where the House is scheduled to vote on the American Health Care Act (AHCA). It's high legislative drama as Republican leaders still don't know if they have the votes to pass the measure. The bill, backed by President Donald Trump, would partially repeal and replace the Affordable Care Act, aka Obamacare, and could dramatically 3

March 22, 2017 9:29 PM Why China stoking up anger over South Korea missile system is doomed to fail

Beijing has imposed unofficial sanctions against South Korea over its deployment of a missile defence system, but the effectiveness of the measures is questionable given China’s heavy reliance on Korean components to support its manufacturing industry, according to analysts. China has not announced any formal punitive measures after Seoul decided to deploy 5

March 22, 2017 4:52 PM No monitoring station on Panatag – Beijing

BEIJING – China is not building an environmental monitoring station on Panatag (Scarborough) Shoal, its foreign ministry said yesterday, apparently denying remarks made by a local official last week. Ministry spokeswoman Hua Chunying said reports about the facility on Scarborough Shoal had been checked and were found to be false. Hua’s statement came almost 7

March 22, 2017 9:51 AM China says no monitoring station on Panatag

BEIJING (Updated 5:43 p.m.) — China is not building an environmental monitoring station on a disputed South China Sea shoal, the foreign ministry said Wednesday, apparently denying remarks made by a local official last week. Ministry spokeswoman Hua Chunying said reports about the facility on Scarborough Shoal had been checked and were found to be false 6

March 22, 2017 3:12 AM Philippines, Thailand eye stronger defense, economic ties

BANGKOK – The leaders of the Philippines and Thailand have vowed to strengthen their defense and economic cooperation and reaffirmed their commitment to work together to address common concerns. In a bilateral meeting described as “productive and fruitful,” President Rodrigo Duterte and Thai Prime Minister General Prayut Chan-o-cha stressed that they have a joint 5

March 21, 2017 4:10 PM ABS-CBN 2016 profit jumps 39% to P3.5B

ABS-CBN Corp. saw profits surge last year, with a big boost coming from election-related advertising ahead of the May 9 presidential polls. The company, which still derives 57 percent of revenue from television ads, said net income last year hit P3.5 billion, up 39 percent year-on-year. Full year revenue hit P41.6 billion, up 9 percent. The company said advertising 5

March 21, 2017 12:46 PM Duterte, Thai PM push for sea code completion

BANGKOK – President Rodrigo Duterte and Thai Prime Minister Prayut Chan-o-cha agreed Tuesday to push for the completion of the framework of the Code of Conduct in the South China Sea this year as the Philippines hosts the Association of Southeast Asian Nations (Asean) summit. “Both sides emphasized the need for the full and effective implementation of the declaration 4

March 21, 2017 4:50 AM 14 Filipino tycoons included in Forbes’ list of world’s richest

Fourteen Filipino tycoons were included in Forbes’ 31st annual ranking of the World’s Billionaires, joining the likes of US President Donald Trump, Bill Gates, and Facebook founder Mark Zuckerberg. With a total net worth of US$12.7 billion, business magnate Henry Sy placed highest in the list at No. 94. Although his global ranking dropped by three places 4

March 21, 2017 2:41 AM How the U.K. Has Beaten Predictions of a Brexit Crunch So Far

The road to Brexit has been littered with inaccurate economic forecasts. Since the U.K. voted to leave the European Union in June, growth has surpassed expectations on the strength of consumer spending, defying projections just after the vote for two quarters of contraction and barely any expansion through much of 2017. Economists still see a slowdown 6