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Monitoring Team cites draft BBL, Marawi crisis among key development in peace process with MILF

THE Third-Party Monitoring Team (TPMT) in its fourth annual Public Report issued Friday, July 28, cited the still unresolved siege of Marawi City alongside the completion of a new draft Bangsamoro Basic Law as key developments “that greatly impact the peace process,” a statement by the group said also on Friday.

Gov’t tags ‘left-oriented’ lumad schools but Palace qualifies Duterte’s remarks on bombings

By Ian Nicolas P. Cigaral, Reporter

Malacañang and the military on Friday, July 28, said President Rodrigo R. Duterte did not intend to bomb schools of indigenous peoples (IP) or lumad when he threatened to do so after he accused the schools of teaching children to rebel against the state. But the Palace nevertheless identified the said schools.

AEV subsidiary to buy out Lafarge Republic’s minority at 0.2178 euros per share

By Victor B. Saulon, Sub-editor

A UNIT of Aboitiz Equity Ventures, Inc. (AEV) is acquiring 11.15% of Republic Cement & Building Materials, Inc. (RCBM) at a price of 0.2178 euros per share, the adjusted price after the companies closed the deal.

City of Dreams developer reports 47% top line growth in Q2

THE developer of City of Dreams Manila said it grew its top line by 47% in the second quarter of 2017 on the back of stronger revenues from both casino and non-gaming operations.

Chinese foreign ministry affirms anew ties with PHL under Duterte

By Ian Nicolas P. Cigaral, Reporter

CHINA’s top diplomat conveyed his “staunch” support for President Rodrigo R. Duterte’s decision to chart an independent foreign policy during the two officials’ meeting at Malacañang early this week, Beijing’s foreign ministry said.

DoE: Power fully restored in quake-hit provinces

By Victor V. Saulon, Sub-Editor

POWER has been fully restored in Leyte, Samar and Bohol after the three provinces suffered for weeks without electricity when a magnitude 6.5 earthquake hit a number of power plants in the area on July 6, the Department of Energy (DoE) said on Friday.

Leisure and Resorts World to build 20 boutique bingo sites this year

LEISURE and Resorts World Corp. (LRC) wants to open up to 20 boutique bingo gaming sites this year as the outlook on online gaming operations brightens after a long lull.

Sol-Gen to Rufino-Prieto firm: Leave Mile Long property

SOLICITOR-General Jose C. Calida on Friday, July 28, called anew on Sunvar Realty Development Corp. to vacate the Mile-Long property along Amorsolo Street in Makati City, accusing the firm of squatting on government property and owing the government P1.66 billion, exclusive of legal interest — assertions which the company disputed also on Friday.

Peso flat amid dollar weakness; awaiting US GDP data

THE PESO ended the week little changed in quiet trading and as global markets await the release of key US economic data, traders said.

Stocks remain above 8,000 points ahead of earnings announcements

SHARE prices kept the benchmark index above the 8,000 level at the close of trading Friday as investors took positions ahead of earnings season expected to kick off next week.

Villar hopes DPWH projects completed by end of Duterte term

DEPARTMENT of Public Works and Highways Secretary Mark A. Villar said key infrastucture projects entrusted to his department are targeted for completion by the time President Rodrigo R. Duterte steps down in 2022.

Cebu Pacific launches 5 new domestic routes

By Carmelito Q. Francisco, Correspondent

DAVAO CITY — Cebu Air, Inc. opened this week five new domestic routes, counting on demand from domestic leisure and business travelers.