Monday, September 16, 2024

BOI investments soar

The Board of Investments (BOI) on Monday said it had approved a record high P1.35 trillion worth ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

 

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September 17, 2024

 

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ECONOMY

BOI investments soar to record high P 1.35T


The Board of Investments (BOI) on Monday said it had approved a record high P1.35 trillion worth of investments from January to date, breaking its full-year tally last year with renewable energy sector projects driving the growth.


By Alden M. Monzon

 

AGRICULTURE

PH rice stocks boosted by enlarged NFA buffer


The country's rice inventory rose by 14.4 percent to 1.87 million metric tons (MT) as of Aug. 1 from the past year as stocks of the National Food Authority (NFA) nearly doubled following an increase in its palay (unhusked rice) buying price.


By Jordeene B. Lagare

 

ECONOMY

Remittances hit 2024 high in July


Money sent home by Filipinos abroad hit their highest level so far this year in July, but an analyst flagged "plateauing" growth of such inflows despite the rising number of expats. Cash remittances coursed through banks amounted to $3.08 billion in July, up by 3.1 percent compared with a year ago.


By Ian Nicolas P. Cigaral

 

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BIZ BUZZ

Puno new Globe CFO; Eala retires


Globe Telecom Inc. chief financial officer (CFO) Rizza Maniego-Eala is leaving the telco giant after nearly 27 years of service "to pursue other personal and professional goals." We heard that Maniego-Eala will focus on supporting her daughter, Alex Eala, who has been thriving in the world of sports.


By Tyrone Jasper C. Piad

 

INQUIRER PLUS-EXCLUSIVE

SEC cancels papers of Boracay Capital


A holding company supposedly soliciting P5 million from the public and claiming to be an investment management firm had its certificate of incorporation revoked after the Securities and Exchange Commission (SEC) found that it did not have the required licenses to do so.


By Meg J. Adonis


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