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The new system takes effect on Monday.
On Monday, May 4, the Philippine Stock Exchange (PSE) will implement its new SEC-approved three-phase circuit breaker system, which will be triggered if the PSE index declines anywhere between 10 percent and 20 percent.According to PSE’s latest circular, the new system will ...
 
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It's the biggest cloud kitchen startup in the country.
Although the country is facing a potential recession, there is still good news to share in the business sector: Philippine startup CloudEats has raised $1.4 million (P70.94 million) in seed funding from angel investors and real estate and food and beverage companies.CloudEats is ...
 
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It secured $120 million from five local and international investors.
Voyager Innovations, the developer behind leading payment platform PayMaya Philippines, has bagged $120 million (P6 billion) in investment commitments from five backers: PLDT, KKR, Tencent, International Finance Corp (IFC), and the IFC Emerging Asia Fund.According a report from Deal Street Asia, the ...
 
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The country’s richest are seeing their wealth cut in half.
Coronavirus is sparing nothing, including the wealth of the Philippines’ richest. Billionaires are losing their money by, well, the billions. Tycoons are witnessing their wealth cut in half, with billions of dollars being shed from their net worth.As of April 6, 2020, ...
 
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Some investors are looking for the opportunity in this crisis.
Stock markets around the world have plunged amid the COVID-19 pandemic as a direct result of investors pulling out by the millions to avoid losses amid the crisis. But as they say, one man’s trash is another man’s treasure, and that saying ...
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