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Free rides during peak hours on LRT-1 for Independence Day
MANILA, Philippines – To celebrate independence day, rides on LRT-1 will be free during peak hours on Monday, June 12.Commuters will have free rides in all 20 stations of LRT-1 from Baclaran in...
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Resorts World Manila loses P7-B market value a week since attack
MANILA, Philippines – The fallout continues for business tycoon Andrew Tan’s companies as Travellers International Hotel Group and Alliance Global Group suffered a combined loss of about P15.69 billion...
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European mobile operators brace for end of roaming charges
PARIS, France – Long an important source of revenue for telecom companies, roaming charges will be lifted in Europe starting June 15, raising pressure on operators in a tight market.Roaming charges...
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Free Wi-Fi for 1st 30 minutes along EDSA starting June 12
MANILA, Philippines – Smart Communications Incorporated is set to provide free public Wi-Fi for the first 30 minutes along the country's busiest highway, EDSA.Its parent company, PLDT Incorporated,...
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Eton taps Aboitiz for power supply
MANILA, Philippines – Eton Properties of the Lucio Tan Group tapped Aboitiz Power Corporation to supply 5.2 megawatts (MW) to power the operations of its Cyberpod office buildings at Eton Centris in...
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Megawide group proposes P208-billion Cebu airport expansion
MANILA, Philippines – Megawide Construction Corporation and its Bangalore-based partner GMR Infrastructure Limited submitted a P208-billion, 50-year unsolicited proposal for a more comprehensive...
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MVP group still keen on GMA-7 stake
MANILA, Philippines – The group of telecommunications and infrastructure tycoon Manuel V. Pangilinan is still keen on acquiring a stake in broadcast giant GMA Network Incorporated."We are open anytime,...
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Gulf crisis threatens Qatar Airways transit business – experts
DUBAI, United Arab Emirates – Qatar Airways has made Doha a global hub in just a few years, but barring it from Gulf states' airspace threatens its position as a major transcontinental carrier, experts...
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NEDA expects Philippine economy to grow faster in Q2
MANILA, Philippines – The Philippine economy in the 2nd quarter of 2017 is expected to expand faster than the 1st quarter's 6.4% growth, and could even hit close to 7%, thanks to robust growth in...
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General Electric announces retirement of CEO Jeff Immelt
NEW YORK, USA – General Electric on Monday, June 12, announced the departure of CEO Jeff Immelt.Immelt, who has served in the role since 2001, will hand his chief executive position over to John...
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Empire East unaffected by Resorts World Manila attack
MANILA, Philippines – Andrew Tan-led Empire East Land Holdings Incorporated said the recent attack on Resorts World Manila has no impact on its operations and expansion plans, as it is pushing through...
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EU weighs post-Brexit jab against London finance hub
BRUSSELS, Belgium – The EU on Tuesday, June 13, is to unveil new rules that could require a huge slice of London's banking business to leave after Brexit in a blow to the city's supremacy as a global...
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Gulf air embargo only applies to Qatar companies – UAE
ABU DHABI, United Arab Emirates (UPDATED) – The air embargo imposed on Qatar only applies to airlines from Qatar or registered there, the United Arab Emirates Civil Aviation Authority said Tuesday,...
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San Miguel's P1-trillion petrochem facility to break ground by end-2017
MANILA, Philippines – San Miguel Corporation (SMC), the parent firm of the country's biggest oil refiner and retailer, is set to break ground on its single biggest investment in the Philippines so far:...
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Resorts World Manila operator vows to 'defend' gaming license
MANILA, Philippines – Travellers International Hotel Group Incorporated will exert all efforts to "preserve and defend its provisional gaming license," which had been suspended by the Philippine...
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Pound still struggles as British election sows uncertainty
HONG KONG – The pound wallowed near two-month lows Tuesday, June 13, unable to make a strong recovery from last week's shock election that saw Britain's ruling Conservatives lose their majority,...
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White House calls for rollback of U.S. banking regulations
WASHINGTON DC, USA – The White House on Monday, June 12, issued a roadmap for loosening US banking regulations, including a recommendation to ease "stress tests" for large banks, according to a report...
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DOT stands by 'Sights' ad despite plagiarism accusations
MANILA, Philippines – Despite backlash on social media over alleged plagiarism, the Department of Tourism (DOT) said it stands by its new commercial, "Sights."There are accusations that the DOT's...
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PLDT eyes gains from manpower reduction, asset sales but expects 'steep climb'
MANILA, Philippines – PLDT Incorporated is eyeing gains from lower manpower costs and divestment of some assets, as it aims to boost what has been deemed as another transition year for the...
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PLDT sells remaining stake in Beacon to MPIC
MANILA, Philippines – In an effort to reduce debt, PLDT Incorporated is selling its remaining 25% equity interest in Beacon Electric Asset Holdings Incorporated (Beacon) to its sister company Metro...
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