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The Bangko Sentral ng Pilipinas said monetary authorities remain watchful of flow reversals due to potential forces that could dampen the global growth momentum and spill over to the Philippine economy.

The Association of Southeast Asian Nations has renewed for the sixth time the $2 billion in short-term foreign exchange liquidity support for member countries experiencing balance of payments difficulties.

The stock market weakened yesterday due to technical correction, pushing the main composite index 66.42 points lower at 8,420.95. The broader All Shares gauge was also lower by 36.68 points to settle at 4,913.79.


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Early this year, the government released a new set of bidding documents to align with the new Procurement Law Implementing Rules and Regulations that took effect on Oct. 28, 2016.

The Office of the President has lifted the eight-month suspension order against Lepanto Consolidated Mining Co.

Employers have expressed support to the establishment of a labor force competitive program as well as free access to technical and vocational programs for the poorer but qualified segments of the population.

MacroAsia Corp. will establish an aviation school, the First Aviation Academy Inc. at the Subic International Airport, in partnership with PTC Holdings Corp.

Toshiba Singapore Pte. Ltd. said it is expanding its product lines in the Philippines.

Three Chinese carriers are launching flights to China from Cebu later this month to promote greater connectivity.

Foreign telco players are interested in penetrating the Philippine market, which at present remains dominated by only two – Manuel V. Pangilinan’s PLDT Inc. and Ayala-led Globe Telecom.

Unutilized mining areas owned by the government will soon be transformed into economic zones to boost the domestic processing of minerals, the head of the Philippine Economic Zone Authority (PEZA) said.

The stock market has room to move up again this week as market investors anticipate a rosy third quarter corporate earnings.

TV5 Network Inc. is holding on to the target to break even by 2019 as it expects to cut losses this year.


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