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BSP to probe cash, checks found in Marawi house
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) will help determine the source of the cash and checks amounting to nearly P80 million found by government forces in an abandoned house in...
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PAL's Middle East flights continue, but restrictions to be followed
MANILA, Philippines – Flag carrier Philippine Airlines (PAL) announced its Middle East flights continue despite a diplomatic crisis between Qatar and its Gulf neighbors."PAL wishes to stress that all...
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Qatar flight ban begins, first efforts seen to resolve crisis
RIYADH, Saudi Arabia – A ban on Qatari flights imposed by Saudi Arabia and its allies took effect Tuesday, June 6, as first efforts were made to resolve the biggest feud to hit the Arab world in...
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Passengers stranded in Batanes as 2 PAL planes suffer glitches
MANILA, Philippines – Around 250 Philippine Airlines (PAL) passengers were stranded in Batanes as two of the flag carrier's planes suffered glitches.One PAL plane was grounded at the Basco Airport in...
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BPI system glitch leads to clients 'losing money' in accounts
MANILA, Philippines (UPDATED) – Numerous clients of the Bank of the Philippine Islands (BPI) on Wednesday, June 7, reported unauthorized transactions that deducted money from their accounts or worse,...
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BPI assures clients: You’ll get your money back
MANILA, Philippines – The Bank of the Philippine Islands (BPI) on Wednesday, June 7, assured its clients that they will get back the money they lost due to a system glitch that caused unauthorized...
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Australia economy slows but marks record 26 years recession-free
SYDNEY, Australia – Australia marked a world-record 26 years without a recession Wednesday, June 7, after official figures showed another quarter of economic expansion, but analysts warned of uncertain...
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How investors view BPI's system glitch
MANILA, Philippines (UPDATED) – After numerous bank accounts were affected by a technical glitch on Wednesday, June 7, the Bank of the Philippine Islands (BPI) saw little to no effect on its stock...
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South Korea offers to fund Philippine infrastructure projects
MANILA, Philippines – Export-Import Bank of Korea (KEXIM), the official export credit agency of South Korea, expressed willingness to allocate $1 billion in concessional loans over 6 years for possible...
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LRT1 operator completes restoration, vows more daily rides soon
MANILA, Philippines – Commuters can expect better and more Light Rail Transit Line 1 (LRT1) daily rides, after the train's private operator recently completed its P1-billion program to restore the...
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BPI urges clients not to 'panic' over system glitch
MANILA, Philippines – The Bank of the Philippine Islands on Wednesday, June 7, sought to ease the concerns of its 8 million customers who woke up to social media posts and news that there were BPI...
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Cebu Pacific to buy 7 Airbus jets for $812 million
MANILA, Philippines – The Philippines' largest airline Cebu Pacific is ordering seven Airbus A321CEO aircraft in a deal worth $812 million to meet growing domestic and regional demand, the airline...
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BPI still 'rectifying' mispostings on accounts
MANILA, Philippines (UPDATED) – The Bank of the Philippine Islands on Thursday, June 8, deactivated its electronic channels, including its ATMs, for the second straight day as it found some client...
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Solaire reports booking cancellations after Resorts World attack
MANILA, Philippines – Solaire Resort and Casino reported some cancellations following the June 2 incident at Resorts World Manila, but expects things to "normalize soon" after it was deemed as a...
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FAST FACTS: What you need to know about the Philippine casino industry
MANILA, Philippines – "Sin" cities in the Philippines are in the limelight. Again. Casinos, which belong to the same "sin bin" category as vices like tobacco and booze, are currently facing serious...
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BPI clients frustrated over service concerns, money woes due to glitch
MANILA, Philippines – Faith Manay, a 33 year old who works at a logistics company, had only P300 left in her wallet when she heard of the technical glitch that led to unauthorized transactions on...
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BPI says clients can access electronic services again
MANILA, Philippines – The Bank of the Philippine Islands (BPI) announced on Thursday night, June 8, that its clients could now attempt to access its online-related functions.These functions – automated...
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Pound dives as Britain thrown into chaos by shock vote
HONG KONG – The pound plunged almost two percent Friday, June 9, as Prime Minister Theresa May looked set to lose her majority in Britain's general election, fueling political uncertainty just days...
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#AskTheTaxWhiz: Are you a tax evader? [Part 1]
I attended a tax seminar recently to update myself regarding new tax regulations. One of the topics discussed was how to avoid taxes. The speaker even reiterated that tax avoidance is different from...
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Pagcor suspends Resorts World gaming license
MANILA, Philippines— The Philippine Amusement and Gaming Corporation board has ordered Resorts World Manila (RWM) to stop all gaming operations while Pagcor conducts an investigation to determine its...
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