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abtest

News Analysis: Peso weakens as remittances from overseas workers surge

January 16, 2014 - 11:30pm

The peso, the country's local currency, has weakened to a three-year low on Wednesday as dollar remittances from overseas Filipino workers (OFWs) surged to an all-time high in November last year.

Headlines

Inflation seen at 3% by yearend

By Zinnia B. Dela Peña | November 22, 2013 - 12:00am

The country’s inflation rate is expected to hit three percent by the end of 2013 or still within the government’s target range as stable crude oil prices will keep inflation in check, according to First...

Business

OFW inflows surge to 6-month high

August 16, 2013 - 12:00am

Remittances from overseas Filipino workers (OFWs) reached a six-month high in June due to a continued strong demand for skilled Filipinos abroad.

Business

Jollibee completes purchase of 50% of SuperFoods Group

By Zinnia B. Dela Peña | January 25, 2012 - 12:00am

Jollibee Foods Corp., through unit Jollibee Worldwide Pte. Ltd., has completed the purchase of half of the business of SuperFoods Group, which operates the chain of Highlands Coffee Shops in Vietnam, Hard Rock Cafe...

Business

Jollibee goes into café business

By Zinnia B. Dela Peña | December 22, 2011 - 12:00am

Jollibee Foods Corp. (JFC), through its wholly owned Singapore-based unit JSF Investments Pte. Ltd., is venturing into the coffee business in Asia through a joint venture with Viet Thai International Joint Stock...

Business