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Due to Trump? Filipinos in U.S. sending more money home
MANILA, Philippines – Inward remittances to the Philippines posted their biggest jump in over 8 years in November last year, following the US election victory of Donald Trump, who threatened to send...
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PH's war on drugs likely has short-term impact on FDIs – HSBC
MANILA, Philippines – Deaths linked to President Rodrigo Duterte's all-out campaign against illegal drugs could potentially turn off foreign investors, with the Philippine economy seeing a short-term...
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LOOK: Proposed design of MRT-LRT common station
MANILA, Philippines – Construction of the common station for the Metro Rail Transit (MRT) and Light Rail Transit (LRT) will begin December this year, after the government and the private builders...
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Commercial operations for MRT-LRT Common Station eyed in April 2019
MANILA, Philippines – By April 2019, the country's first common station linking Metro Manila's 3 major mass rail transit systems is targeted to start commercial operations, after putting an end to the...
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Duterte hosts intimate dinner for top businessmen
MANILA, Philippines – Federalism, tax reform, infrastructure projects in Mindanao, and contractualization were among the topics discussed during President Rodrigo Duterte's 3-hour-long dinner with the...
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Trump touts new Wal-Mart, GM, and Bayer-Monsanto investments
WASHINGTON, USA – President-elect Donald Trump on Tuesday, January 17, trumpeted a trio of major company announcements pledging additional investments in the United States as proof his America-first...
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Metro Pacific to spend around P60 billion in 2017
MANILA, Philippines – Infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) plans to spend around P60 billion in capital expenditures for this year, primarily to support the growth...
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San Miguel to spend $300M for brewery expansion in CDO, Laguna
MANILA, Philippines – San Miguel Corporation (SMC) will spend $300 million to construct a new brewery and bottling plant in Cagayan de Oro City and expand its existing facility in Sta Rosa in Laguna,...
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The business world falls under Trump's thumb
WASHINGTON DC, USA – With his carrot-and-stick manhandling of the US business community, President-elect Donald Trump has major companies falling over themselves to offer goodwill gestures and promises...
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China to curb foreign investment by state-owned firms
SHANGHAI, China – China said it will ban or closely monitor overseas investments by state-owned firms in certain sectors, the latest move in a government fight to stem capital flight and what it has...
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Landers Superstore to open in ArcoVia City and Alabang West
MANILA, Philippines – The membership grocery retailer Landers Superstore will open up stores at the 12.3-hectare ArcoVia City along C-5 Road in Pasig City and at the 62-hectare Alabang West in Las...
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Vegemite back in Australian ownership
SYDNEY, Australia – Vegemite, the salty yeast-based spread beloved by Australians, is returning Down Under after decades of US ownership.An acquired taste for the foreign palate, Vegemite on toast is a...
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AC Energy eyes another renewable energy investment
MANILA, Philippines – AC Energy Holdings Incorporated is expected to seal another investment deal involving renewable energy (RE) soon.The power arm of Ayala Corporation is currently working on another...
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DOF eyeing tax exemption for annual income below P250,000
MANILA, Philippines – House Deputy Speaker Miro Quimbo said on Thursday, January 19, that the Department of Finance (DOF) is pushing for tax exemption for individuals earning a gross income of P250,000...
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Globe Telecom lowers capital spending to $750M for 2017
MANILA, Philippines – Ayala-led Globe Telecom Incorporated lowered its capital spending budget this year to $750 million to balance its expenses and revenues."We said $750 million," Globe president and...
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DTI chief Lopez: Trump's reforms align with Duterte's
MANILA, Philippines – The country’s trade chief shared what he learned from an informal gathering of world economic leaders at the World Economic Forum (WEF) on Wednesday, January 18: the economic...
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Duterte's 1st foreign borrowing signals investor confidence in PH – Dominguez
MANILA, Philippines – The Philippines' $2-billion global bond sale this week signals the continuing investor confidence in the country's economy and the administration of President Rodrigo Duterte's...
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Oil producers say output cut on track
VIENNA, Austria – Oil producers said Sunday, January 22, that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress."Compliance...
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Be it Sangley or Bulacan, San Miguel keen on new airport dev't
MANILA, Philippines – Be it in Sangley Point in Cavite or in Bulakan in Bulacan, San Miguel Corporation (SMC) remains keen on building a new airport in the country and bidding for all air gateway...
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Trump vows to 'start renegotiating' NAFTA
WASHINGTON DC, USA – US President Donald Trump pledged Sunday, January 22, to begin renegotiating the North American Free Trade Agreement (NAFTA) in upcoming talks with the leaders of Mexico and...
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