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Month: January 2023

MIF won’t put PH at risk, economic team assures senators

MANILA: President Ferdinand R. Marcos Jr.’s economic managers assured senators that the proposed Maharlika Investment Fund (MIF) will not be big enough to bring down the Philippine economy, Senate President Juan Miguel Zubiri said in a media briefing o…

NegOcc opens P37-M facilities to assist MSMEs

BACOLOD CITY: Negros Occidental’s provincial government here unveiled on Tuesday PHP37 million worth of facilities to assist micro, small and medium enterprises (MSMEs) across the province.Inaugurated by Capitol officials, led by Governor Eugenio Jose …

ORION to boost PH onion production, support to farmers: DA

MANILA: The Department of Agriculture (DA) said Tuesday it will launch the Optimization and Resiliency In the Onion Industry Network (ORION) program to boost domestic production and support to local farmers.In a statement, the DA said the ORION program…

BuhaWind project in Ilocos Norte costs P360 billion

MANILA: The Board of Investments (BOI) said on Tuesday that BuhaWind Energy, an offshore wind project in Ilocos Norte, costs PHP360 billion (EUR6 billion).In a statement, BOI said the project will involve the development of offshore wind turbine genera…

IMF sees little impact of price cap on Russian oil exports

WASHINGTON: The International Monetary Fund (IMF) expects a price cap imposed by Western countries on the volume of Russian oil exports to have little impact, according to the IMF’s World Economic Outlook update.”At the current oil price cap level of t…

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