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Auction for Nueva Ecija prison postponed for 4th time
MANILA, Philippines – The Philippine government once again moved the bidding for the $1.11-billion deal to construct and maintain a modern prison facility in Fort Magsaysay in Nueva Ecija to April 27,...
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PH, China to resume trade dialogue after hiatus
MANILA, Philippines – The Philippines and China agreed to resume a trade dialogue through a joint commission after a 5-year hiatus, a Chinese ministry of commerce official said Tuesday, November 15. Wu...
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BPOs need to 'level up' as protection against Trump – NEDA
MANILA, Philippines – The country's fast growing business process outsourcing sector will have to push into higher value services in the face of United States President-elect Donald Trump's potentially...
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Xurpas net income up 19% in Q3 2016
MANILA, Philippines – Listed technology firm Xurpas Incorporated (Xurpas) saw its net income rise in the first 9 months of the year on the strong growth of its mobile enterprise division.In a...
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IATA to PH gov't: Act on airport proposals now
MANILA, Philippines – The International Air Transport Association (IATA) encouraged the Philippine government to act on airport development proposals immediately, as the number of travelers passing...
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PH GDP grows by 7.1% in Q3 2016
MANILA, Philippines – The Philippine economy grew by 7.1% in the 3rd quarter of 2016, the Philippine Statistics Authority (PSA) announced on Thursday, November 17."The Philippine economy has hit its...
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Duterte gov't calls off auction for South Line of North-South Railway
MANILA, Philippines – The Duterte administration has called off the public-private partnership (PPP) auction for the South Line of the North-South Railway Project (NSRP), and will instead finance the...
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Philippines shopping for 'nice' China-funded infra deals
MANILA, Philippines – The Philippine government plans to get official development assistance (ODA) commitment from China for at least 3 of its big-ticket infrastructure projects: the recently-approved...
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Swedish envoy hails Ikea plan to open PH stores
MANILA, Philippines – Swedish Ambassador-designate to Manila Harald Fries on Thursday, November 17, hailed the decision of Swedish furniture giant Ikea to open stores in the Philippines. Fries also...
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Federal Reserve chief Yellen vows to serve out term as chair
WASHINGTON, DC, USA – Federal Reserve chief Janet Yellen on Thursday, November 17, vowed to serve out her 4-year term until it expires at the end of January 2018, despite President-elect Donald Trump's...
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PH net inflow of 'hot money' hits $60 million
MANILA, Philippines – Foreign Portfolio Investments or “hot money” flows into the country rebounded in October following a big drop in September, according to the Bangko Sentral ng Pilipinas...
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Caticlan airport expands runway to accept bigger planes
MANILA, Philippines – The gateway to Boracay Island, Godofredo P. Ramos Airport, also known as Caticlan Airport, has started to accept larger jet aircraft with the launch of its newly expanded runway...
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Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp
FRANKFURT, Germany – Volkswagen on Friday, November 18, announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help it recover from the dieselgate emissions...
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Danish envoy stresses need for 'consistent, clear' PH policy
MANILA, Philippines – Danish Ambassador to Manila Jan Top Christensen stressed the need for "consistent and clear policy announcements" from the Philippine government to bring in more businesses into...
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Economists see PH on higher growth track for Q4 and 2017
MANILA, Philippines – Economists are optimistic about the Philippine economy's full-year growth for 2016 following a strong showing in the 3rd quarter.The country's gross domestic product (GDP) grew by...
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MVP on Reed Bank exploration: 'Absolutely no movement'
MANILA, Philippines – Manuel V. Pangilinan-led PXP Energy Corporation said it is high time to start exploring the untapped oil and gas prospects at the Reed Bank in the West Philippine Sea (South China...
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Jollibee Foods subsidiary to go public in Vietnam by 2019
MANILA, Philippines – A subsidiary of Jollibee Foods Corporation plans to go public in Vietnam by July 2019, after the country's largest fast food chain secured an agreement with its long-time partner...
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Makati Business Club denounces Marcos burial
MANILA, Philippines – The Makati Business Club (MBC), which counts the country's largest conglomerates as members, denounced the surprise burial for the late dictator Ferdinand Marcos, calling it a...
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PH shelves TPP membership, eyes China-led RCEP
MANILA, Philippines – With the United States becoming more protectionist under a Donald Trump presidency and given the Philippine president's foreign policy pivot towards regional integration, the...
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PH peso sinks to fresh 8-year low of P49.83:$1
MANILA, Philippines – The Philippine peso took another beating, as it dipped to a fresh 8-year low against the US dollar on Monday, November 21, pulled down by investors' concerns over a possible...
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