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Stocks close lower

philippine stock exchange

The Philippine Stock Exchange index (PSEi) Friday slipped, weighed down by jitters in the local property sector and the slump in US stock future as the first case of Ebola was reported in New York.

Posted: October 25th, 2014 in Headlines,Latest Business Stories | Read More »

BSP approves regulations for investment funds

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Bangko Sentral ng Pilipinas building INQUIRER FILE PHOTO

The Bangko Sentral ng Pilipinas (BSP) has approved rules for the creation of more flexible trust funds that will allow investors to choose fee and payout structures that best suit their investment goals.

Posted: October 25th, 2014 in Headlines,Latest Business Stories | Read More »

China, 20 other nations initiate new Asian bank

China and 20 other Asian nations signed on Friday to a new Beijing-backed international bank for Asia that Washington opposes as an unnecessary rival to established institutions such as the World Bank.

Posted: October 25th, 2014 in Headlines | Read More »

Imports down 1.3% in August

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China Trade

The value of imported goods that entered the country last August slid 1.3 percent to $5.49 billion from $5.56 billion in the same month last year, Philippine Statistics Authority (PSA) data released Friday showed.

Posted: October 25th, 2014 in Headlines,Latest Business Stories | Read More »

Asia Pacific seen to drive global growth in travel

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Growth-sign

Cheaper ticket prices and a booming global population will drive growth in the air passenger sector through 2034, with Asia Pacific seen to account for almost half of worldwide traffic through that period, the International Air Transport Association, or IATA, said in a report.

Posted: October 25th, 2014 in Headlines,Latest Business Stories | Read More »

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