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WATCH: First-hand look at Nickel Asia’s open pit mining in Palawan
PALAWAN, Philippines – Open-pit mining remains controversial in the Philippines because of its adverse impact on the environment, but a mining plant and refinery in Bataraza, Puerto Princesa City, says...
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5 regional airports removed from PPP pipeline
MANILA, Philippines (UPDATED) – The much-anticipated public-private partnership (PPP) projects aimed at developing 5 small, regional airports across the Philippines have been canceled almost right in...
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RCBC pays Bangladesh Bank heist fine in advance
MANILA, Philippines – Listed Rizal Commercial Banking Corporation (RCBC) settled the balance of its record P1-billion fine with the Bangko Sentral ng Pilipinas (BSP) 3 months ahead of the payment...
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Cebu Pacific to stop flights to Kuwait, Doha, and Riyadh
MANILA, Philippines— Gokongwei-led Cebu Pacific Airlines has announced that it will stop its flights to Kuwait, Doha in Qatar, and Riyadh in Saudi Arabia because of increased competition in these...
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'Normal working day' for businesses amid martial law in Mindanao
MANILA, Philippines – It was a normal working day for businesses in the Philippines on Wednesday, May 24, even as President Rodrigo Duterte declared martial law in the island of Mindanao on Tuesday...
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Moody's cuts China's rating on debt fears
BEIJING, China – Moody's on Wednesday, May 24, slashed China's credit rating for the first time in almost 3 decades citing concerns about the country's rising debt and slowing growth, but Beijing...
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Philippine peso, stock market stable despite martial law declaration
MANILA, Philippines – Despite some dips, the peso and stock market remained broadly stable on the first day of trading after President Rodrigo Duterte declared martial law in Mindanao.The Philippine...
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U.S. Fed: New rate hike likely coming 'soon'
WASHINGTON, USA – US central bankers say it will "soon" be time to raise the key lending rate again, according to minutes from the last Federal Reserve meeting released Wednesday, May 24.Monetary...
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8 Philippine companies among world's largest listed firms
MANILA, Philippines – 8 Philippine-listed entities, including those led by the Sys, Gokongweis, Ayalas, Aboitizes, Zobels, Tys, and Manuel V. Pangilinan, are on Forbes' 2017 Global 2000 list of the...
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BSP sees slightly lower inflation in May
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said inflation would range between 2.9% and 3.7% this month, thanks to lower oil and electricity prices.This was after the prices of basic...
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Metro Pacific, PH's largest infra firm, unfazed by unrest in Mindanao
MANILA, Philippines – The country’s largest infrastructure conglomerate will continue cementing its presence Mindanao even as unrest continues in an 8,755-hectare city that led to the declaration of...
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Weather, gender affect household energy consumption – study
MANILA, Philippines – Weather and gender affects household energy consumption, according to a study by state think tank Philippine Institute of Development Studies (PIDS) released on Friday, May 26.In...
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Gov't spending on infrastructure falls by P9B in April
MANILA, Philippines – Government spending on infrastructure fell 21.2% in April, as its big-ticket projects have yet to break ground.Data released by the Department of Budget and Management (DBM) on...
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New Russian jet takes to air in bid to rival Airbus, Boeing
MOSCOW, Russia – Russia on Sunday, May 28, held a successful test flight of its new MC-21 medium-haul passenger jet that it hopes will revive its troubled civil aviation industry and challenge giants...
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Eagle Cement aims to be market leader by 2020
MANILA, Philippines – Eagle Cement Corporation, led by tycoon Ramon Ang, aims to be the market leader in the Philippines in 2 to 3 years' time by offering the most affordable cement prices and having...
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San Miguel to propose $2-B Metro Manila spillway project
MANILA, Philippines – San Miguel Corporation (SMC) is set to propose to the government a $2-billion, 14-meter spillway project that will allow the waters of Laguna de Bay in the east of Metro Manila to...
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Ayala Land launches new green-themed subdivision in Nuvali
MANILA, Philippines – Ayala Land, the property arm of the Ayala conglomerate, has launched a new green-themed residential subdivision in its flagship development in the south, Nuvali.The new...
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Coming in 2018: LRT2's Masinag and Emerald stations
MANILA, Philippines – The Department of Transportation (DOTr) said there is no stopping the expansion and rehabilitation of the youngest mass transit railway line in Metro Manila – be it changes in...
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Pothole causes temporary closure of NAIA runway
MANILA, Philippines – A pothole forced the closure of one of the two runways of the Ninoy Aquino International Airport (NAIA) Tuesday afternoon, May 30, affecting a number of domestic and international...
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Makati launches digital payments card for gov't transactions, purchases
MANILA, Philippines – The Makati city government, along with Ayala-led Globe Telecom and iBayad Online Ventures Incorporated, have launched an all-in-one card for Makati City residents and government...
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