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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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SSS rolls out new ID card with bank debit function

MANILA, Philippines — The Social Security System (SSS) officially launched the MySSS Card that has a dual function––an official ID and a debit card. SSS President and CEO Robert Joseph De Claro said the MySSS Card acts would replace the long-standing Unified Multi-Purpose Identification (UMID) card.  It would also operate as a fully functional debit card linked

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BIZ BUZZ: EDC eyes Iceland, NZ geothermal energy

Many people go to Iceland to chase the breathtaking but elusive Aurora Borealis. Or they go to New Zealand for the stunning landscapes, maybe visit Hobbiton, the famous movie set of “Lord of the Rings” and “The Hobbit.” Not the technical people from Energy Development Corp., whose parent firm First Gen Corp. is awash with

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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