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BIZ BUZZ: Panglao Hole symposium?

Every year, the world’s top central bankers, policymakers, academics and market movers descend on Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s high-profile symposium—a must-watch event where one stray comment can jolt global markets. Now, the Bangko Sentral ng Pilipinas (BSP) wants its own version of that. READ: BIZ BUZZ: Mapua opens

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Eroded investor confidence

The fallout from the ongoing controversy over anomalous flood control projects has gone beyond the halls of Congress, the Department of Public Works and Highways and the private contractors involved. According to Ramon Monzon, president and CEO of the Philippine Stock Exchange, some P185 billion in market capitalization was lost in the preceding weeks as