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Citing Trump 'uncertainty,' Fed says faster rate hikes possible
WASHINGTON, USA – US central bankers say they may need to raise interest rates faster than planned due to "considerable uncertainty" linked to Donald Trump's fiscal stimulus plans, which could fan...
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PH economy seen to grow 'as much as 8%' in 2017
MANILA, Philippines – The Philippine economy is projected to grow as much as 8% in 2017 and beyond despite some global and local risks, thanks to the country's sound economic fundamentals, said the...
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Wilcon Depot set for PSE debut in Q1 2017
MANILA, Philippines – Wilcon Depot Incorporated, one of the country's leading retailers of home improvement and construction supplies, is pushing through with its planned P8-billion initial public...
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LTFRB rejects 15,000 Uber, Grab applications
MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday, January 5, said it dismissed nearly half of franchise applications – over 15,000 out of some 32,000 –...
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Record-high 1.7M tourists in Boracay in 2016
AKLAN, Philippines – A record-high 1.7 million tourists flocked to Boracay Island in 2016, beating the official target for the world-famous Philippine island resort.The Malay Municipal Tourism Office...
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New world-class air traffic system ready by June – CAAP
MANILA, Philippines – The Civil Aviation Authority of the Philippines (CAAP) is off to a flying start this year as it announced the arrival of a new world-class air traffic system in a few months.The...
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Toyota target of Trump's latest Twitter broadside
TOKYO, Japan – Toyota shares slumped on Friday, January 6, as Donald Trump threatened punitive tariffs over its new vehicle plant in Mexico, triggering a staunch defence from Japan's government which...
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PH foreign reserves down to $81.05B in December
MANILA, Philippines – The country's gross international reserves (GIR) continued to slide in December 2016, seeing its lowest level since January of that year.Data released by the Bangko Sentral ng...
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Megaworld expects P1.35B in sales from Iloilo tower
MANILA, Philippines – Just 3 months since the launch of its residential tower at the Iloilo Business Park, Megaworld Corporation is planning to expand the tower and expecting a total of P1.35 billion...
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DOF expects inflation to pick up in near term
MANILA, Philippines – Prices of basic goods and services are likely to "manageably pick up in the coming months," due to the normalization of oil prices in the world market, said the Department of...
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Veteran banker Cecilia Borromeo is new DBP chief
MANILA, Philippines – The board of directors of state-owned Development Bank of the Philippines (DBP) elected veteran banker and former Land Bank of the Philippines (Landbank) officer Cecilia Borromeo...
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McDonald's sells China operations for $2.08B
BEIJING, China – US fast-food giant McDonald's will sell its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle Group for up to $2.08 billion, the companies...
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Fiat Chrysler announces creation of 2,000 U.S. jobs
WASHINGTON DC, USA – Fiat Chrysler on Sunday, January 8, announced it was creating 2,000 jobs in the United States, coming as President-elect Donald Trump has been publicly scolding automakers for...
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Ex-DOF, NEDA chiefs back Duterte tax reform plan
MANILA, Philippines – President Rodrigo Duterte has long promised to aggressively lower personal and corporate income tax rates, even threatening higher fuel excise taxes and removing exemptions from...
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Yahoo's Marissa Mayer to leave company board
SAN FRANCISCO, USA – Yahoo chief Marissa Mayer to leave company board after Verizon saleMore details soon. – Rappler.com
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NEDA: Higher inflation in 2017 likely to hurt consumer spending
MANILA, Philippines – Increases in prices of basic goods and services are expected to be much faster this year, driven by higher oil and electricity rates as well as rising interest rates. In effect,...
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PH exports fall by 7.5% in November 2016
MANILA, Philippines – Philippines exports fell by 7.5% in November 2016 due to the slump in demand for 7 out of 10 major commodities, a report from the Philippine Statistics Authority (PSA) showed.The...
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Premiere Horizon to raise P1B for infra deals
MANILA, Philippines – Premiere Horizon Alliance Corporation (PHA) on Tuesday, January 10, said it will raise P1 billion this year to finance its major projects related to tourism and infrastructure.In...
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DOE: Expect power price hike due to Malampaya shutdown
MANILA, Philippines – The Department of Energy has assured the public that it will make sure the Malampaya natural gas facility's 20-day maintenance shutdown starting this month will not lead to a...
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Nickelodeon to build Philippine underwater theme park
MANILA, Philippines – American children's television network Nickelodeon announced it will build an underwater resort and theme park on an island known as the Philippines' last ecological frontier,...
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