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The Big Chill plans IPO up to P600M
MANILA, Philippines – The Big Chill Incorporated (TBCI), a subsidiary of publicly listed AgriNurture Incorporated, plans to raise P500 million to P600 million through an initial public offering (IPO)...
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Cebu Pacific to launch 2 new routes from Cagayan de Oro
MANILA, Philippines – The country's largest budget airline, Cebu Pacific Air, will launch two more routes coming from Cagayan de Oro City in March.Starting March 15, Cebu Pacific said it will be flying...
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Pacific Plans execs face estafa complaint before DOJ
MANILA, Philippines – Around 450 plan holders of the defunct Pacific Plans Incorporated and its replacement company Abundance Providers and Entrepreneurs Corporation (APEC) on Monday, January 23 filed...
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1st PPP rolled out under Duterte: 5 regional airports
MANILA, Philippines – The administration of President Rodrigo Duterte has finally rolled out its first public-private partnership (PPP) venture: the operations, maintenance, and upgrade of 5 unbundled...
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Ayala to build 1st drug rehab facility in ARMM
MANILA, Philippines – Ayala Foundation Incorporated, the social development arm Ayala group of companies, will build a 70-bed drug rehabilitation facility in Marawi City, Lanao del Sur.To be called...
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Duterte calls on ASEAN to help small businesses, empower women
MANILA, Philippines – Philippine President Rodrigo Duterte called on the Association of Southeast Asian Nations (ASEAN) to help micro, small, and medium enterprises (MSMEs) and to empower women to take...
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PH seen to remain fastest-growing economy in ASEAN-6 for 2017
MANILA, Philippines – The Philippines is expected to remain the fastest-growing economy in the Association of Southeast Asian Nations 6 (ASEAN-6) this year, thanks to rising infrastructure spending and...
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Dominguez to BIR: Tighten monitoring of fake tax stamps
MANILA, Philippines – Finance Secretary Carlos Dominguez III ordered the Bureau of Internal Revenue (BIR) to step up efforts against tax evasion, following the agency's probe into fake cigarette tax...
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Still among Asia's fastest, PH grows 6.8% in 2016
MANILA, Philippines (UPDATED) – In another election year, the Philippines ended 2016 with a strong 6.8% economic growth. It remains one of Asia's fastest-growing economies, ahead of China's 6.7% and...
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Under Duterte, is PH economy in good hands?
MANILA, Philippines – President Rodrigo Duterte inherited an economy that's on a roll. After decades of erratic growth as the tiger economies in the region roared, it seems the Philippines has hit its...
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World stocks rise as Dow passes 20,000 points
NEW YORK CITY, USA – The Dow Jones Industrial Average, the most famous equity index benchmark on Wall Street, shot above 20,000 for the first time Wednesday, January 25.The blue-chip stock index...
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Visa applications of Chinese to PH surge by 250%
MANILA, Philippines – With the country's friendlier ties with China, more Chinese tourists are coming to the Philippines.The chief of the National Economic and Development Authority (NEDA) revealed on...
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Inflation seen at 2.3%-3.2% in January – BSP
MANILA, Philippines – The country's inflation rate will likely be between 2.3% and 3.2% in January, the Bangko Sentral ng Pilipinas (BSP) said, noting that higher oil prices and its spillover effects...
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Philippine stocks, peso flat on GDP results
MANILA, Philippines – Philippine stocks and the peso ended flat on Thursday, January 26, as the "expected" gross domestic product (GDP) data for the full-year 2016 failed to boost investor sentiment,...
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IMF says Greece debt 'explosive' in long term
WASHINGTON, DC, USA – Greece's government debt remains "highly unsustainable," and will be "explosive" in the longer run, requiring a more credible debt relief plan from Europe, the International...
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For the U.S. Fed, 'Trump-onomics' not yet in effect
WASHINGTON, USA – President Donald Trump's plans to upend US trade policy with import tariffs and new negotiations, slash taxes, and spend on infrastructure makes the Federal Reserve's work more...
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#AskTheTaxWhiz: Miss Universe, confidently beautiful and tax-exempt?
1. Will Miss Universe winners pay taxes to the Philippine government? How much will be the tax due? Yes. Miss Universe winners will pay taxes on their winnings. Prizes exceeding P10,000, cash or in...
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Window narrows for Smart's 25-year franchise extension
MANILA, Philippines – The window is narrowing for Smart Communications to get a 25-year franchise extension, as it awaits anew the Senate's approval.Sponsored by Senator Juan Miguel Zubiri, a bill was...
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Union Bank's net income reaches record high in 2016
MANILA, Philippines – With customer loans rising faster than deposits, Aboitiz-led Union Bank of the Philippines saw its net income register an all-time high of P10.1 billion in 2016.Union Bank told...
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Anti-Money Laundering Council head resigns
MANILA, Philippines – The executive director of the Anti-Money Laundering Council (AMLC), Julia Bacay-Abad, has resigned from her post, following President Rodrigo Duterte's tirades against the...
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