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Global Ferronickel plans to buyback 2% of shares over three years - philstar.com

Global Ferronickel plans to buyback 2% of shares over three years

Global Ferronickel [FNI 1.25 unch; 11% avgVol] [link] announced that its board of directors approved a buyback program to purchase up to 2% of its outstanding shares on the open market over the next three years. FNI said that it will use “internally generated funds” to make the purchases and that this “initiative is part of the company’s ongoing commitment to enhance shareholder value and reflects the Board’s confidence in the company’s long-term growth prospects.” FNI has 5,125,175,687 outstanding shares trading at P1.25/share at yesterday’s close, so it would take FNI P128 million to complete the full buyback of 102.5 million shares at the current market price.

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Agriculture, Trade and Industry agencies monitor supply and prices of agri commodities in Pasig City - da.gov.ph - city Manila - city Pasig

Agriculture, Trade and Industry agencies monitor supply and prices of agri commodities in Pasig City

Teams from the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) held a joint monitoring of the supply and prices of basic agricultural commodities at the Mutya ng Pasig City Mega Market on October 7, 2024.

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Bella Cariaso - Tiu Laurel - Tiu Laurel revamps DA price watch personnel - philstar.com - Philippines - city Quezon - city Manila, Philippines

Tiu Laurel revamps DA price watch personnel

MANILA, Philippines —  Department of Agriculture Secretary Francisco Tiu Laurel Jr. has ordered the strict monitoring of the retail prices of agricultural commodities as he implemented a revamp of DA personnel assigned to conduct daily price watch in over 40 Metro Manila markets.

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BSP forecasts 2.0% to 2.8% September inflation - philstar.com - Usa - India

BSP forecasts 2.0% to 2.8% September inflation

The Bangko Sentral ng Pilipinas (BSP) [link] said that our September inflation likely fell into the 2.0% to 2.8% range thanks to “negative base effects”, “lower prices of food commodities including rice”, “lower domestic oil prices” and “the appreciation of the peso”. Inflation was 4.4% in July and 3.3% in August. The BSP cut the headline interest rate by 25 basis points following the August meeting of the BSP’s Monetary Board and reduced the RRR by 250 basis points in late September to stoke economic growth. While the BSP beat the US Federal Reserve in pivoting to a cycle of rate reductions with its 25 bp cut, the US Federal Reserve has since upped the ante by coming over the top of that cut with its own surprise 50 bp cut.

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Envifx Revolutionizes Forex Trading with Cutting-Edge Platform and Unmatched Security - manilatimes.net - Britain - city London, Britain

Envifx Revolutionizes Forex Trading with Cutting-Edge Platform and Unmatched Security

London, UK, Sept. 30, 2024 (GLOBE NEWSWIRE) — The global forex market has witnessed a surge in demand for reliable and innovative trading platforms, and Envifx.com is stepping up to meet the needs of both new and seasoned traders. As one of the fastest-growing online trading platforms, Envifx offers a seamless and secure environment for trading currencies, commodities, and indices, positioning itself as a leading player in the competitive forex industry.

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Bella Cariaso - P20 million reward up for info vs economic saboteurs - philstar.com - Philippines - city Manila, Philippines

P20 million reward up for info vs economic saboteurs

MANILA, Philippines — Up to P20 million reward will be offered by the government in exchange for information that will lead to the arrest of smugglers and hoarders of agricultural products under the newly enacted Republic Act 12022 or the Anti-Agricultural Economic Sabotage Act, the Department of Agriculture said yesterday.

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Ferdinand Marcos - Francisco P.Tiu-Laurel - 144 tons of undocumented shipments of carrots, onions worth P21 million seized at the Port of Subic - da.gov.ph - Thailand - China - city Manila

144 tons of undocumented shipments of carrots, onions worth P21 million seized at the Port of Subic

PORT of SUBIC — The Department of Agriculture, in coordination with the Bureau of Customs, on Wednesday reported the seizure of five containers with uncocumented shipment of fresh carrots and yellow onions valued at an estimated PHP21 million.

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Arsenio Balisacan - Jean Mangaluz - Inflation eases to 3.3% in August - philstar.com - Philippines - city Manila, Philippines

Inflation eases to 3.3% in August

MANILA, Philippines — The Philippine inflation eased to 3.3% in August, a full point from the July inflation rate of 4.4%, the Philippine Statistics Authority (PSA) said on Thursday, September 5.

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