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Maharlika seeks foreign capital
THE Maharlika Investment Corp. (MIC) wants to attract foreign sovereign wealth funds for co-investments in local projects, particularly in energy and infrastructure.MIC President and CEO Rafael Consing Jr. said the fund was being positioned as a national development fund, with investments within the Philippines the immediate priority.“When I s

Debt service burden rises to $8.25B
THE country’s debt service burden rose by 5.2 percent to $8.25 billion in the first seven months of the year from $7.84 billion a year earlier, preliminary central bank data showed.The bulk came from interest payments, which were recorded at $4.673 billion, lower than the $4.675 billion recorded in the same period last year.Principal payments,

SEC probes data breach; says no records affected
THE Securities and Exchange Commission (SEC) said initial findings showed that its internal database infrastructure and system integrity remain intact following a data security incident detected on Nov. 6.In a statement released late Monday, SEC said “that no passwords were leaked and no data had been modified or altered.”However, the commissi

Great British Bake Off: Who left the tent in quarter-final week?
Connie, a 63-year-old NHS hospital discharge lead, became the eighth contestant to be eliminated from Channel 4's The Great British Bake Off following the caramel-themed quarter-final. The episode saw 22-year-old political economy student Moyin awarded star baker after contestants were tested across three challenges: a treacle tart, millionai
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Trump’s proposed DC golf course would be one of the longest in the nation
President Donald Trump’s planned overhaul of East Potomac Golf Links would make the Washington, D.C., course one of the longest in the nation, according to a new report.The proposed redesign, by golf course architect Tom Fazio, would stretch the course to 8,105 yards, or about 4.6 miles, The Hill reported Tuesday. The 105-year-old course sits

Apple to investigate accident that killed three workers at iPhone parts factory in India
Reuters reports that three contract workers died after inhaling gas during an inspection at a Tata Electronics factory that produces iPhone components in India. Here are the details. more…

DTI exec echoes US envoy: No Pax Silica announcement
THERE will be no announcement regarding Pax Silica during the Asean Leaders’ Summit to give the initiative its “own moment,” Trade Undersecretary Ceferino Rodolfo said.This followed US Ambassador to the Philippines Lee Lipton having dismissed on Saturday talk of a major announcement regarding Pax Silica during or after the Asean Leaders’ Summi
