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DHL Express to raise prices by 5.9% starting Jan. 1, 2026

MANILA, Philippines — DHL Express has announced price adjustments that will take effect on Jan. 1, 2026. The increase in the Philippines will be 5.9 percent. “We remain committed to helping our customers navigate the complexities of the current global trade landscape, which has been significantly impacted by recent geopolitical shifts,” said Nigel Lockett, country

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New tax law spurs ‘dramatic’ retreat from long-term bank savings

MANILA, Philippines — The new law ending tax breaks on long-term time deposits has triggered a “dramatic” exodus from those savings products, leaving banks and policymakers to wonder where the cash will flow next. Michael Angelo Kho Samson, who chairs the capital markets development committee of the Bankers Association of the Philippines, said member-banks had

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ADB work in Philippines to continue

MANILA, Philippines — The Asian Development Bank (ADB) said a corruption scandal involving flood control projects would not deter it from financing work in the Philippines, noting that the institution maintains “close oversight” of its investments. “You know, we’re always cautious about all our projects,” Andrew Jeffries, the bank’s country director for the Philippines, told