December 5, 2023
Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. The EU’s trade commissioner Valdis Dombrovskis has cancelled a trip to Brazil to finalise the bloc’s landmark trade deal with the South American group of Mercosur countries as prospects receded of completing the deal this
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ABOITIZ Power Corp. (AboitizPower) expects renewable energy projects to help propel growth next year and also contribute to the development of the domestic electricity sector. “We started delivering energy to the grid from our 94 megawatt [peak] (MWp) Cayanga power station, which is a solar plant in Pangasinan, and, in 2024, we’re expecting our 159
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The AFL is poised to revamp the bidding system for father-son and academy players at the draft after club frustrations reached fever pitch, report the Nine papers. The league and club GMs of football will meet on Thursday with one of the top agenda items to include a review of the current system. While it
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Following the Myanmar military’s seizure of power in 2021, analysts speculated that Chinese companies would take advantage of the military-appointed State Administration Council (SAC)’s diplomatic and economic isolation to push through infrastructure projects under the China-Myanmar Economic Corridor (CMEC), a component of the Belt and Road Initiative. Almost three years since the putsch, however, progress on pre-project
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In April 2023, the United States government introduced guidance for the $7,500 tax credit for the purchase of each electric vehicle (EV) under the Inflation Reduction Act (IRA) 2022. To be eligible for half of the credit, a portion of the “critical minerals” used in the EV’s battery must come from a country with which
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On MarketPlace with Justin Ho, yesterday. I remarked that wage growth (on a 12 month basis) still outstripping inflation. Figure 1: Year-on-Year growth rate of average hourly earnings for private sector production and nonsupervisory workers adjusted by CPI (blue), leisure and hospitality services (tan), median hourly earnings of all workers (green). Source: BLS, Atlanta Fed
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BEIJING: The European Union’s trade chief told Beijing on Monday that tough security laws and a more “politicized” business environment have left European companies struggling to understand their obligations and questioning their future in China. China’s refusal to condemn ally Russia for its war in Ukraine also poses a “reputational risk” for the world’s second-largest
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CEOs in the Philippines remain overwhelmingly upbeat about business prospects despite sentiment having dipped from a year earlier, results of a PricewaterhouseCoopers (PwC) and Management Association of the Philippines (MAP) survey showed. On the whole, 83 percent of the respondents in the PwC-MAP Philippine CEO Survey said they were confident about prospects for their respective
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Receive free Global Economy updates We’ll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Today’s top stories For up-to-the-minute news
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THE Bureau of Customs (BoC) is exploring the potential of the Port of Dumaguete and Port of Legazpi to accommodate containerized shipments to enhance trade efficiency and spur economic growth. On August 2, the BoC Subport of Dumaguete hosted its first-ever Stakeholders’ Summit on Containerization to explore the Port of Dumaguete’s potential to accommodate containerized
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