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Typhoons that came late last year failed to dampen the Philippine agriculture sector, which significantly recovered in 2017 after suffering from a decline in 2016, the statistics agency reported Friday.

The Philippine economy likely grew 6.7 percent during the last three months of 2017 on account of strong domestic demand, Moody’s Analytics said.

Foreign portfolio investments or hot money recorded an overall net outflow of $205.03 million in 2017, a reversal of the net inflow of $404.43 million in 2016, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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The Chinese Lunar New Year marks 2018 as the Year of the Dog. Unfortunately for former CHED secretary Patricia Licuanan and Rappler, far from being an auspicious year, they ended up in the presidential dog house.

If we know what is good for us, everyone including the President should be defending press freedom. It is the cornerstone of our democracy, the only means by which we can keep our officials as transparently honest and efficient as possible.

Latest Business News

The Department of Environment and Natural Resources is looking into mining contracts with questionable expansion arrangements in 24 mining sites, according to the Mining Industry Coordinating Council.

The government settled in August P73.17 billion in debt, comprising of interest payments and amortization, the Bureau of the Treasury reported yesterday.

Philippine Electricity Market Corp., the operator of the country’s wholesale electricity spot market, is asking regulatory clearance to jack up its market fees to raise additional funds to cover its operations.

Listed Global Ferronickel Holdings Inc. saw its net income surge to P780 million in the first nine months from only P7 million in 2016.

Businessman Dominic Sytin, the man behind United Auctioneers and United Holdings Power Corp., has signed a deal to acquire a controlling stake in LMG Chemicals Corp.

Epson Philippines Corp. expects its monthly printer sales to reach an average of 60,000 to 70,000 units with the launch of a new integrated ink tank printer.

Millennium Global Holdings Inc. said it would no longer proceed with its plan to acquire 81 percent of Calata Corp.

GCash is aiming to double the number of users of mobile wallet to 10 million by next year as it rolls out the app’s scan to pay feature in more retail establishments.

The Board of Investments has approved the application of Pilipinas Newton Energy Corp.’s P4.15 billion solar plant project in Pangasinan.

Oil giant Petron Corp. is seeking to refinance its $750-million securities listed on The Stock Exchange of Hong Kong Ltd.

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