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Maynilad pours P13B into water services expansion, infrastructure
MANILA, Philippines – Maynilad Water Services Incorporated is investing about P13.2 billion this year to improve as well as expand water and wastewater services for its customers.Manuel V....
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PH foreign reserves rise to $81.04B in January
MANILA, Philippines – The country started the year with an increase in its gross international reserves (GIR), according to the Bangko Sentral ng Pilipinas (BSP).BSP Officer-in-Charge Nestor Espenilla...
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Megaworld increases capital expenditures for 2017
MANILA, Philippines – Condominium and office developer Megaworld group will spend P60 billion in 2017 to boost developments within its existing integrated township projects and to acquire more...
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Mining firms use FOI, ask DENR for specific audit findings
MANILA, Philippines – Mining firms are using the Freedom of Information (FOI) measure in a bid to compel the Department of Environment and Natural Resources (DENR) to release the full results of its...
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Globe hits record P16B net income in 2016
MANILA, Philippines – Globe Telecom plans to focus on consolidating its data services, which pushed the firm to hit a record net income of P16 billion for the full-year 2016."Notwithstanding heightened...
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Globe, PayPal tie up to boost MSME, freelancer market
MANILA, Philippines – Globe Telecom, through its GCash service, teamed up with global firm PayPal to make it easier for entrepreneurs and freelancers to access online payments.The partnership,...
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DOF lauds 'swift' Palace action on closure of mines
MANILA, Philippines – The Department of Finance (DOF) on Thursday, February 9, expressed relief over the "swift" decision of Malacañang to give "due process" to mining companies facing closure...
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Offshore gaming boosts growth of Metro Manila office rentals
MANILA, Philippines – With the country's crackdown on online gaming, the Philippines is turning to offshore gaming to make up for lost revenue. In fact, the rising number of companies engaged in this...
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Mining group thanks Duterte for 'due process' on mine closures
MANILA, Philippines – Mining companies on Thursday, February 9, thanked President Rodrigo Duterte for promising to observe "due process" in the closure and suspension of mining firms, following an...
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Japan firm drops Mexico plant plan over Trump warnings
TOKYO, Japan – A top Japanese company said on Thursday, February 9, it had dropped Mexico as a possible location for a new auto parts factory after Donald Trump rapped Toyota over a plant in the...
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Ayala Corp enters health tech via ePharmacy startup
MANILA, Philippines – Ayala Corporation, through its subsidiary Ayala Healthcare Holdings, Incorporated (AC Health) has ventured into the health tech with an investment in startup Wellbridge Health...
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Top property, gaming firms interested in New Nayong Pilipino PPP
MANILA, Philippines – Some of the country's leading real estate, gaming, and construction companies have set their sights on a P1.47-billion ($32.75 million) deal to build, design, operate, and...
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Gina Lopez: MICC 'cannot tell me what to do'
MANILA, Philippines (UPDATED) – Despite an ongoing review by a mining council, Environment Secretary Gina Lopez stood firm on her decision to sanction more than half of the country's 41 metal mines,...
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PSE moves to delist dormant Uniwide Holdings
MANILA, Philippines – The Philippine Stock Exchange (PSE) has initiated involuntary delisting procedures against dormant Uniwide Holdings Incorporated, a company of businessman Jimmy Gow, due to...
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Ford to invest $1B in artificial intelligence startup
NEW YORK, USA – Ford will invest $1 billion over 5 years in an artificial intelligence startup with the aim of developing an autonomous vehicle by 2021, the auto giant said on Friday, February 10.Ford...
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BOC to launch probe into top 3 smuggled items
MANILA, Philippines – The Bureau of Customs (BOC) will launch an investigation into the top 3 products being smuggled into the country, resulting in billions of revenue losses.Smuggling of luxury...
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Price freeze for basic goods in effect in Surigao City
SURIGAO CITY, Philippines – A price freeze on basic goods is now in effect in Surigao City, following the declaration of a state of calamity in the city due to Friday's (February 10) earthquake in the...
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Tokyo Metro: It's time to build a subway in PH
MANILA, Philippines – Tokyo Metro Company Limited, operator of 9 subway lines in Japan's busy capital, offered unsolicited advice to the Philippines for its horrendous traffic situation: revive the...
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IMF's Lagarde 'optimistic' about U.S. economy
DUBAI, United Arab Emirates – International Monetary Fund (IMF) chief Christine Lagarde on Sunday, February 12, voiced optimism for US economic growth under President Donald Trump but warned it could...
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AI could be bigger threat than Trump to BPOs – analysts
MANILA, Philippines – Computers are getting smarter everyday, and they may have a larger effect on the long-term future of the country's business process outsourcing (BPO) industry than politics.The...
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