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PLDT, Globe payment to SMC can't preempt court rulings, says gov't
MANILA, Philippines – It has been a year since the country's two dominant telecommunications firms, PLDT Incorporated and Globe Telecom Incorporated, bought the entire telecommunications assets of San...
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Bulk of Duterte's massive infra plan to be funded via local financing
MANILA, Philippines – Bulk of the P7.1-trillion total infrastructure investment requirement under the 2017-2022 Public Investment Program will be implemented through local financing, according to the...
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Philippine Airlines wary of martial law impact
MANILA, Philippines – Having endured a slow start to the year, Lucio Tan-led PAL Holdings Incorporated, the operator of flag carrier Philippine Airlines (PAL), is preparing for more turbulence ahead...
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SEC to double public float requirement to 20%
MANILA, Philippines – The Securities and Exchange Commission (SEC) plans to increase the public float requirement of Philippine listed companies to 20% from the current 10% of issued and outstanding...
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Rockwell Land eyes more commercial developments to counter condo revenue cycle
MANILA, Philippines – Rockwell Land, the property arm of the Lopez family, is looking to increase its presence in commercial leasing in a bid to counter the cyclical nature of selling residential...
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Telcos turn to Makati to beta test all-in-one digital card, app
MANILA, Philippines – Makati City is the first local government in the country to be beta tested by PLDT Incorporated and Globe Telecom Incorporated for an all-in-one digital citizen card and...
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Moody's keeps Philippine GDP target despite Marawi crisis
MANILA, Philippines – Debt watcher Moody's Investors Service retained the country's economic growth forecast for this year, despite the ongoing siege in Marawi City that prompted the declaration of...
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Qatar Airways to increase Manila-Doha flights
MANILA, Philippines – Qatar Airways will increase its weekly flights between Manila and Doha, Qatar starting October this year.This was after the Philippines and Qatar signed a new memorandum of...
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Paris withdrawal sets business world at odds with Trump
WASHINGTON DC, USA – Captains of industry, corporations and business groups distanced themselves from the White House on Thursday, June 1, as many expressed frustration with President Donald Trump's...
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PH tourism braces for impact of Resorts World Manila attack
MANILA, Philippines – The country's travel and tourism industry is bracing itself for the negative impact of the attack of a lone gunman on Resorts World Manila, which killed over 30 people on Friday,...
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Casino stocks plunge after Resorts World Manila attack
MANILA, Philippines – Top casino operators in Manila took a beating on the local bourse after the attack on Resorts World Manila in Pasay City, with investors selling down their gaming...
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FAST FACTS: What you need to know about Resorts World Manila
MANILA, Philippines – More than casino tables and electronic gaming chips, Resorts World Manila was recently highlighted in a shocking incident that left at least 37 dead and 54 injured on Friday, June...
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Groups of Ramon Ang, MVP set sights on MRT3 upgrade
MANILA, Philippines – The conglomerates of Ramon Ang and Manuel Pangilinan have renewed their interest in the rehabilitation of the Metro Rail Transit Line 3 (MRT3), after the administration revived...
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Laptop ban hot topic as airlines meet in Cancun
CANCUN, Mexico – Top airline industry players are meeting Monday and Tuesday (June 5 and 6) in Cancun to seek alternatives to the US and British bans on laptops and tablets on certain flights, which...
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Elbert Cuenca bets on restaurants as entertainment
MANILA, Philippines – “Restaurants are the biggest gamble,” says Elbert Cuenca, who has been in restaurants all his life. It started from when his family ran the Furusato and Zen restaurants from 1970s...
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Global Business Power to acquire 50% stake in Alsons
MANILA, Philippines – Global Business Power Corporation, a Visayas-based company led by Metro Pacific Investments Corporation (MPIC), is set to acquire a 50% stake in Alsons Consolidated Resources...
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Ayala acquires German auto parts manufacturer
MANILA, Philippines – Ayala Corporation (AC), through its manufacturing arm AC Industrial Technology Holdings (AC Industrials), acquired a German auto parts supplier as part of its ongoing expansion...
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Inflation eases to 4-month low in May
MANILA, Philippines – Inflation or the movement of prices of basic goods and services eased to a 4-month low of 3.1% in May, amid slower price adjustments in both food and non-food commodities.This is...
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Gambling addiction: How the Philippines prevents, handles 'problem gamers'
MANILA, Philippines – The allure of big payoffs, clicking sound of chips, and perks like free drinks entice many people to gamble. For some, that seductive environment can be dangerous, leading to...
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BSP keeping close watch over Middle East developments
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is closely monitoring developments in the Middle East and its impact on oil prices, inflation, and remittances from overseas Filipinos.BSP...
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