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How a Fed rate hike impacts the Philippine economy
MANILA, Philippines – The US central bank has raised interest rates for the second time in a decade, and the Philippines is feeling some spillover effects as it continues to see heavy foreign selling...
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Peso bills with Duterte's signature out next week
MANILA, Philippines – President Rodrigo Duterte's signature will soon be appearing on the nation's currency.The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday, December 14, that it will start...
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U.S. Fed raises key interest rate, sees 3 hikes in 2017
WASHINGTON DC, USA – The US Federal Reserve on Wednesday, December 14, raised the benchmark interest rate by a quarter percentage point as expected, citing an improving economy with one month to go...
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ICTSI proposes $30M barge, RoRo terminal in Cavite
MANILA, Philippines – The Enrique Razon Jr-led International Container Terminal Services, Incorporated (ICTSI) has proposed to develop a common-user barge and roll-on, roll-off (RoRo) terminal in...
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World Bank expects strong growth for PH until 2018
MANILA, Philippines – The country's stellar growth this year has led to global economic development institutions becoming more optimistic about its growth in the next few years.The World Bank became...
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Jollibee divests from Chow Fun for $1.6M
MANILA, Philippines – Jollibee Foods Corporation on Thursday, December 15, said it will fully divest from Chow Fun Holdings LLC, the developer and owner of a restaurant concept known as Jinja Bar and...
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Shakey's sizzles in PSE debut amid volatility
MANILA, Philippines – Share price of Shakey's Pizza Asia Ventures Incorporated sizzled during its debut at the Philippine Stock Exchange (PSE), rising by 7.5% despite the market's steep decline on the...
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$607M worth of hot money flows out of PH in November
MANILA, Philippines – After a positive turn in October, foreign portfolio investments or “hot money” fell again sharply in November, according to the Bangko Sentral ng Pilipinas (BSP).Preliminary data...
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Gozon open to sell GMA's controlling stake in 2017
MANILA, Philippines – The 3 major shareholders of GMA Network Incorporated are open to selling their shares "at the right price," after the broadcasting giant set the base this year.The 3 shareholders'...
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SBMA proposes P100-B expressway-railway from Manila to Subic
MANILA, Philippines – The Subic Bay Metropolitan Authority (SBMA) has proposed to the government a P100-billion elevated expressway and railway connecting Subic Bay to the Port of Manila to "shift the...
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BIR posts higher November collection
MANILA, Philippines – The Bureau of Internal Revenue (BIR) saw a 15% increase in revenue collection in November this year from its year-ago performance.The BIR said in a report to Finance Secretary...
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PAL to launch more domestic, int'l flights in Clark by January
MANILA, Philippines – Philippine Airlines (PAL) agreed to mount more flights to 4 local cities and one international destination from Clark International Airport in Pampanga by January 2017.This is...
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Ayala, 3 foreign airline operators team up for NAIA PPP
MANILA, Philippines – Ayala Corporation, the country's oldest conglomerate, formed a consortium with 3 foreign airline operators to bid for the P74.56-billion ($1.66-billion) deal to upgrade the Ninoy...
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#AskTheTaxWhiz: 5 big lies about the BIR audit
Know the truth and be warned to protect yourself from corrupt and abusive Bureau of Internal Revenue (BIR) examiners who openly harass and threaten taxpayers with the issuance of a subpoena duces tecum...
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Fuel prices going up again Dec 20
MANILA, Philippines – Effective Tuesday, December 20, the price of gasoline will increase by 40 centavos per liter, diesel by 70 centavos per liter, and kerosene by 60 centavos per liter.As of posting...
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AIIB agrees to co-fund EDSA BRT, Metro Manila flood project
MANILA, Philippines – The president of China-led Asian Infrastructure Investment Bank (AIIB) pledged to co-fund the P23.46-billion Metro Manila flood control project and the P37.76-billion EDSA Bus...
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PH peso nears P50 again
MANILA, Philippines – The peso flirted with the P50 to $1 level again and closed at its weakest in over a decade amid the "hawkish" stance adopted by the US Federal Reserve after it jacked up interest...
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NAIA Expressway Lane 1 open starting Dec 21
MANILA, Philippines – Starting Wednesday, December 21, motorists will be able to pass through one of the 4 lanes of the 12.65-kilometer expressway connecting the terminals of the Ninoy Aquino...
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PSE eyes raising IPO allocation cap for small investors
MANILA, Philippines – To encourage more small investors to participate in the market, the Philippine Stock Exchange (PSE) is looking to raise the maximum initial public offering (IPO) allocation for...
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Okada Manila set to open for Christmas preview
MANILA, Philippines – Okada Manila, the $2.4-billion integrated resort and casino owned by Japanese billionaire Kazuo Okada, is set to open for a Christmas preview and concert on Wednesday, December...
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