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Duterte's PDP-Laban backs EastWest Bank head for BSP governor
MANILA, Philippines – The ruling Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) wants EastWest Bank president Antonio Moncupa Jr to become the next governor of the Bangko Sentral ng Pilipinas...
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Senators convinced 'best' location achieved for MRT-LRT common station
MANILA, Philippines – Given a pending temporary restraining order (TRO), some senators are convinced that the Department of Transportation (DOTr) and private companies involved have come up with the...
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Okada Manila grand opening moved to March
MANILA, Philippines – The grand opening of Okada Manila, the $2-billion integrated resort casino of Japanese billionaire Kazuo Okada, has been moved to March 2017.Okada's Universal Entertainment...
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With vacancies, Trump gains chance to reshape U.S. Fed
WASHINGTON DC, USA – US President Donald Trump's influence over the US central bank may grow significantly following the resignation of a Federal Reserve governor who helped drive banking regulation...
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#AskTheTaxWhiz: Tax on Valentine's?
I work for a BPO company in Ortigas. This Valentine's Day, I wish to give my mom a branded bag but I read in your previous article that even gifts are taxable. So, will my Valentine's gift for my loved...
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PLDT partners with Huawei for 5G rollout in 2020
MANILA, Philippines – PLDT Incorporated partnered with China's Huawei Technologies Company Limited to gear up for the launching of 5G technology in the Philippines by 2020.PLDT said in a statement on...
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Miners band together to block Gina Lopez’s confirmation
MANILA, Philippines – The country's mining firms have banded together to formally oppose Gina Lopez’s confirmation as environment secretary.Representing the mining industry, the Chamber of Mines of the...
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Hardware boom comes with PH shift to digital TV
MANILA, Philippines – The biggest change in Philippine television is set to come, when all broadcasters will need to shut down their analog airwaves and shift to Japan's digital terrestrial television...
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With 340 new stores, Jollibee's net income surges by 24.6%
MANILA, Philippines – Homegrown fastfood giant Jollibee Foods Corporation saw its net income in 2016 surge by 24.6% to P6.14 billion in 2016, from P4.93 billion in 2015, after it registered its highest...
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SC orders tax refund for minimum wage earners for 2008
MANILA, Philippines – The Supreme Court (SC) has ordered the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to refund minimum wage earners and other individual taxpayers who were...
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Chinese telcos, US tech firm eye entering PH telco market
MANILA, Philippines – Three Chinese telecommunications firms and an American tech company have expressed interest in entering the Philippine telecommunications market through the regulators' planned...
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New BIR rule on tax payment seen to benefit small businesses
MANILA, Philippines – Under a new Bureau of Revenue (BIR) rule, banks – not taxpayers – would be held liable for late or unremitted tax payments made through credit, debit, or prepaid cards, the...
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Southeast Asian startup mClinica raises $6.3M for global expansion
MANILA, Philippines – Southeast Asian healthcare data startup mClinica raised $6.3 million for global expansion, in one of the largest Series A financings for a digital health company in Southeast...
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OFW remittances beat expectations in 2016 to hit $29.7B
MANILA, Philippines – Wrapping up an upward trend seen all of last year, remittances sent home by overseas Filipino workers (OFWs) surpassed the expectations of the Bangko Sentral ng Pilipinas (BSP) in...
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Former DBP chairman Nañagas acquitted of graft, estafa
MANILA, Philippines – The Sandiganbayan on Wednesday, February 15, acquitted former Development Bank of the Philippines (DBP) board chairman Vitaliano Nañagas II of a graft charge and two counts of...
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PCCI: Investors may dump PH over cancelled mining agreements
MANILA, Philippines – The country's largest business group, the Philippine Chamber of Commerce and Industry (PCCI), warned that both local and foreign investors could be turned off by the cancellation...
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EU Parliament backs landmark Canada trade deal
STRASBOURG, France – The European Parliament backed a contested EU-Canada free trade deal on Wednesday, February 15, facing down protests by activists and Donald Trump-inspired calls for...
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PH starts off 2017 with hot money net inflows of $301M
MANILA, Philippines – Foreign portfolio investments, often called hot money, were off to a positive start in 2017 following a dismal end last year, according to the Bangko Sentral ng Pilipinas...
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Grab PH wants to bring GrabCar to more cities
MANILA, Philippines – Grab Philippines wants to bring its private car service GrabCar to 4 other cities where it has already established its presence. But to do this, the Land Transportation...
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ARRC to gov't: Bid out operations, maintenance of Clark airport, not NAIA
MANILA, Philippines – The government should bid out the operations, maintenance, and upgrade of Clark International Airport, not that of the Ninoy Aquino International Airport (NAIA), said All-Asia...
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