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Gov’t slows down local borrowing in fourth quarter

MANILA, Philippines — The Marcos administration plans to scale back local borrowing in the fourth quarter as its annual fundraising efforts wind down, the Bureau of the Treasury said. The government will raise P437 billion through weekly debt offerings from October to December, according to a Sept. 22 memo. The quarter’s program is 36.7-percent smaller

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Converge prepaid service books 500,000 users

MANILA, Philippines — Converge ICT Solutions Inc. said on Thursday its prepaid internet service continues to gain ground, with about 500,000 active users logged in two years after its launch. Dennis Anthony Uy, CEO and cofounder of Converge, said the increasing popularity of the group’s prepaid brand Surf2Sawa (S2S) shows “the strong adoption” of Filipinos

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PBA says Northport sale to Pureblends ‘almost a done deal’

MANILA, Philippines–The PBA expects the sale of the NorthPort franchise to Pureblends Corporation to be approved in due time, commissioner Willie Marcial said on Thursday. Marcial disclosed that only a few minor details are being sorted out before the league gives its go-signal for the food manufacturing company to take over the Batang Pier’s lock,

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European growth faces pressure from US tariffs, China – EBRD

LONDON, United Kingdom — Economic growth in southeast Europe is expected to be strained next year by US tariffs, increased competition from China and government budget pressures, Europe’s development bank forecast Thursday. The London-based European Bank for Reconstruction and Development (EBRD) slightly downgraded its growth forecast for its regions in 2026, while revising upwards its expectations

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WTO says end of China’s special status aids fair trade

GENEVA, Switzerland — The World Trade Organization hailed Wednesday Beijing’s decision to no longer seek new special treatment in future WTO talks, calling it a step towards a more equitable global trading system. “This is a pivotal moment for the WTO,” organization chief Ngozi Okonjo-Iweala said in a statement. “China’s decision reflects a commitment to a

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LIVE: FIVB Men’s World Championship quarterfinals – September 25

Action continues in the knockout quarterfinals of the 2025 FIVB Men’s World Championship in Manila, Philippines. The last two spots in the semifinals will be disputed by Czechia, Iran, USA and Bulgaria. SCHEDULE: 2025 FIVB Men’s World Championship (quarterfinals) September 25, Thursday 3:30pm – Czechia vs Iran 8pm – USA vs Bulgaria Away from family,