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Stunned tech sector ponders future under Trump
WASHINGTON DC, USA – After disbelief, anger and grief, the US tech sector is looking to come to grips with the presidency of a man described by many of its leading lights as a "disaster" for...
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Xurpas COO named Executive of the Year
MANILA, Philippines –The country's flourishing talent in the tech industry gained more recognition with Xurpas Incorporated's president and COO Raymond Racaza bagging the 2016 Executive of the Year...
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PCC: Make policy changes to open telco, energy markets
TAGAYTAY, Philippines – There is no need to amend the 1987 Philippine Constitution to liberalize the country's telecommunications and energy sectors and allow foreign players to operate as public...
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MVP open to partnering with Sy or Ang for new Manila airport
MANILA, Philippines – Manuel V. Pangilinan, the chairman of infrastructure conglomerate Metro Pacific Investments Corporation (MPIC), said he is open to partnering with the Sy family's Belle...
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US Black Friday: more shoppers but less spent per head
WASHINGTON DC, USA – The American shopping orgy known as Black Friday lured more buyers this year but they spent less per person thanks to great bargains, an industry group said Sunday, November...
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PLDT, Globe reduce interconnection voice calls to P2.50
MANILA, Philippines (UPDATED) – By January 1, 2017, interconnection rates of Globe Telecom Incorporated's and PLDT Incorporated's voice services will no longer be higher than P2.50 per minute.At...
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OPEC scrambles to agree crucial oil output cut
VIENNA, Austria – OPEC members will seek to give oil prices a boost in Vienna on Wednesday, November 30, by nailing down their first output cut in 8 years, although a deal is far from certain.Failure...
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Philippine peso strengthens anew against dollar
MANILA, Philippines – The Philippine pesostayed the course on its upward swing against the US dollar on Monday, November 28, mainly as traders took profits from the strengthened greenback.The local...
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Cebu Pacific to give discounts for gov't employees on business trips
MANILA, Philippines – Cebu Air, the operator of the country's largest budget airline, signed a deal with the Department of Budget and Management (DBM) to provide discounted fares for government...
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PH gov't to invest $23B in tourism infrastructure
MANILA, Philippines – The government plans to spend $23 billion on tourism infrastructure over the next 6 years, tagging it as a major growth engine.Under the government's new 6-year National Tourism...
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Samsung considers splitting into two
SEOUL, South Korea – Samsung Electronics Co. on Tuesday, November 29, said it was considering splitting the company into two, a move seen as necessary for heir-apparent Lee Jae-Yong to take over the...
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RCBC chief counsel Estavillo quits
MANILA, Philippines – Maria Celia Fernandez-Estavillo, the lawyer who represents Rizal Commercial Banking Corporation (RCBC) in the $81-million Bangladesh Bank heist case, will step down from her post...
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Ayala-led IMI to open Serbia plant in 2018
MANILA, Philippines – Ayala-led Integrated Micro-Electronics Incorporated (IMI) plans to open a new manufacturing plant in Serbia in 2018, realizing South East Europe's growth potential, particularly...
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MBC supports Tetangco’s extension as BSP governor
MANILA, Philippines – The Makati Business Club (MBC), which counts the Philippines' largest conglomerates as members, has thrown its support behind President Rodrigo Duterte’s plan to allow current...
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Shakey's Pizza prices IPO at P11.26 per share
MANILA, Philippines – Pizza chain Shakey's Pizza Asia Ventures Incorporated (SPAVI) set its final offer price for its planned initial public offering (IPO) to P11.26 per share.With this IPO price,...
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Ayala to government: It's time for CARS 2.0
MANILA, Philippines – To carve out a niche in higher-value areas of automotive manufacturing in the country, Jaime Augusto Zobel de Ayala, the chairman and CEO of conglomerate Ayala Corporation, has...
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PH one step closer to membership in China-led AIIB
MANILA, Philippines – The Senate has adopted on second reading a resolution that would allow the Philippines to join the China-founded Asian Infrastructure Investment Bank (AIIB).On Tuesday, November...
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OPEC seeks to nail down oil output cut
VIENNA, Austria – OPEC will seek Wednesday, November 30, to defy expectations and finalize a deal in Vienna reducing its oil output for the first time in 8 years in an effort to boost painfully low...
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D&L targets up to 19% net income growth in 2017
MANILA, Philippines – D&L Industries Incorporated, the country’s largest customized food ingredients and oleochemicals firm, targets to hike its net income by 15% to 19% in 2017, banking on the...
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Lufthansa slashes 900 flights as pilots' strike drags on
BERLIN, Germany – German heavyweight airline Lufthansa cancelled a further 890 flights on Wednesday, November 30, as pilots remained on strike in a long-running wage dispute.Lufthansa said some 98,000...
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