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PAL to add 8 new domestic routes from Clark, Cebu
MANILA, Philippines – National flag carrier Philippine Airlines (PAL) continues its domestic expansion with the announcement of 8 new routes for the 1st quarter of the year.The 8 new routes...
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Investors swarm BDO's largest stock rights offering
MANILA, Philippines – Local and foreign investors swarmed BDO Unibank Incorporated's largest stock rights offering, an indication of business "optimism" in the Philippine economy, the chief of the...
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AboitizPower exits geothermal exploration in Indonesia
MANILA, Philippines – Aboitiz Power Corporation has withdrawn plans to explore and develop a greenfield geothermal plant in Indonesia, to re-allocate its resources for other ongoing and pipeline...
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BDO to charge P10-fee on fund transfers to unenrolled accounts
MANILA, Philippines – BDO Unibank Incorporated will impose a P10-service charge on online and mobile banking fund transfers to unenrolled BDO accounts beginning mid-March.BDO said in an advisory on...
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Amid soaring demand, Megaworld sees P20-B rental income by 2020
MANILA, Philippines – Megaworld Corporation is targetting P20 billion in rental income by 2020, as the developer owned by billionaire Andrew Tan aggressively beefs up its portfolio of leasing projects...
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India to halve basic rate of income tax – minister
NEW DELHI, India (UPDATED) – India is to halve the basic rate of income tax to 5%, Finance Minister Arun Jaitley announced on Wednesday, February 1, in his annual budget.Jaitley said the move would...
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MPIC taking over Delgado hospital in Quezon City
MANILA, Philippines – Metro Pacific Hospital Holdings Incorporated, the healthcare investments arm of conglomerate Metro Pacific Investments Corporation (MPIC), is taking over Dr. Jesus C. Delgado...
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Wanted: Younger farmers in PH
MANILA, Philippines – Tony Tan Caktiong, the person behind Asia's largest food service firm Jollibee Foods Corporation (JFC), foresees a gap in agricultural workforce in the Philippines: a new...
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Mining shares plunge after DENR suspends, closes more mines
MANILA, Philippines – Share prices of mining and oil stocks on the Philippine Stock Exchange (PSE) dipped on Thursday, February 2, after Environment Secretary Gina Lopez ordered the suspension and...
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Court orders Piatco to pay PH gov't P300M for arbitration costs
MANILA, Philippines – A firm embroiled in an airport terminal case for almost 2 decades now has just been ordered by the Court of Appeals (CA) to pay the Philippine government a total of $6 million or...
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Finance chief, miners: mining clampdown to lead to joblessness
MANILA, Philippines – About 1.2 million workers' livelihoods will be affected by the closure of half of the country's mines, said Finance Secretary Carlos Dominguez III and the Chamber of Mines of the...
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PH's PPP program could see declining investor interest – BMI Research
MANILA, Philippines – A lack of policy continuity and a "subpar" business environment for infrastructure could dissuade investors from participating in the country's public-private partnership (PPP)...
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Kenneth Cobonpue, Steve Benitez grow the pie for entrepreneurs
MANILA, Philippines – For a luxury furniture maker, there can be no higher honor than having your creations used by heads of state.That is exactly what Cebu-born Kenneth Cobonpue achieved at the...
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SMC expands presence in Australian wine industry
MANILA, Philippines – The packaging unit of San Miguel Corporation (SMC) further expanded its presence in Australia with the acquisition of Portavin Holdings Proprietary Limited, the leading...
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LRT1 operator to start Cavite extension in late February
MANILA, Philippines – The operator of Light Rail Transit Line 1 (LRT1), Southeast Asia's first rail transport line, will break ground on the project to extend it from Baclaran to Cavite by late...
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BDO submits permit requirements to continue Cebu operations
MANILA, Philippines – BDO Unibank Incorporated said on Monday, February 6, that it had submitted its permit requirements to the Cebu City government to prevent the closure of its 26 branches in the...
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LOOK: The newly-renovated LRT1 Doroteo Jose Station
MANILA, Philippines – The group of Metro Pacific Investments Corporation (MPIC) and Ayala Corporation is spending about half a billion pesos to rehabilitate and upgrade the 20 stations of Light Rail...
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Duterte gov't wants more large taxpayers in 2017
MANILA, Philippines – The administration of President Rodrigo Duterte wants to increase the number of the country's largest taxpayers, in a bid to achieve its over P1-trillion tax collection target for...
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Ex-Batangas mayor gets 6-10 years over anomalous computer deal
MANILA, Philippines – The anti-graft court Sandiganbayan has convicted former Lemery mayor Raul Bendaña of Batangas of graft and sentenced him to 6 to 10 years' imprisonment over an anomalous...
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Inflation hits 2.7% in January
MANILA, Philippines – The economy kicked off the year with inflation higher than at any point last year despite food prices dropping overall, according to the National Economic and Development...
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