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Trump tariff starts to gnaw on Philippine exports

MANILA, Philippines — The Philippines recorded its narrowest trade deficit in six months in August, but the improvement masked new signs of weakness as higher American tariffs began to weigh on exports to the United States. Filipino exports grew by 4.6 percent to $7.1 billion, the weakest pace of expansion in eight months, the Philippine Statistics

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IMI shutters Kuichong facility as part of China consolidation

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of the Ayala Group, has shut down its Kuichong facility to consolidate its China business in a single location. In a regulatory filing on Wednesday, IMI said final production activities in Kuichong ended on Tuesday, Sept. 30. They are now integrating operations

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SEC OKs Damosa Land ‘condotel’ rental pool program

MANILA, Philippines – The Securities and Exchange Commission (SEC) has given the green light for the P5.2-million rental pool program of Damosa Land Inc., making it the first company to register under the new guidelines for real estate securities registration. Damosa Land’s registration statement covered 100 certificates of participation in the condotel project of TRYP