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PH economy to march on despite political risks – Oxford Business Group
MANILA, Philippines – The Philippine economy remains well insulated despite the ongoing crisis in Marawi City and the increased political risk that comes with it, according to global research and...
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US Fed raises key rate, signals one more hike in 2017
WASHINGTON DC, USA – The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday, June 14, and signaled another increase remains likely this year, despite the...
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How PH's top antitrust official is guarding market competition
MANILA, Philippines – At first, Arsenio Balisacan wasn't sure if he should agree to be the first chairperson of the Philippine Competition Commission (PCC).After nearly 4 years of working as the...
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San Miguel group to comply with 20% minimum public float
MANILA, Philippines – Conglomerate San Miguel Corporation (SMC) and its food manufacturing unit San Miguel Pure Foods Incorporated will comply with the planned 20% minimum public ownership being eyed...
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OFW cash remittances at 15-month low in April
MANILA, Philippines – Cash remittances or those coursed through banks by overseas Filipino workers (OFWs) dropped to their lowest level in 15 months last April.Data released by the Bangko Sentral ng...
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Philippine stocks, peso down on another U.S. Fed hike
MANILA, Philippines – The country's financial markets closed lower on Thursday, June 15, after the United States Federal Reserve hiked interest rates for the 2nd time this year – a move widely expected...
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BDO gets reports of 'potentially compromised ATMs'
MANILA, Philippines (2nd UPDATE) – BDO Unibank said on Friday, June 16, that it received reports of "potentially compromised" automated teller machines (ATMs) after some cardholders claimed to have...
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Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms
MANILA, Philippines – Owners of some of the country's biggest listed firms would have to reduce control by selling more shares to the public by 2018, under a proposed rule of the Securities and...
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20 Philippine companies in Nikkei's top 300 Asian firms list
MANILA, Philippines – Twenty Philippine companies are included in Nikkei Asian Review's list of the 300 most powerful and valuable Asian listed companies, with SM Prime Holdings Incorporated and...
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$544M of hot money flows out of PH in first 5 months of 2017
MANILA, Philippines – In the first 5 months of the year, a net total of $543.79 million in foreign portfolio investments flowed out of the economy, according to data by the Bangko Sentral ng Pilipinas...
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MRC Allied to venture into energy
MANILA, Philippines – Listed property developer MRC Allied Incorporated is venturing into the energy business, targeting to develop at least 1,000 megawatts (MW) of power generating capacity in the...
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Boeing, Airbus to battle it out at Paris Air Show
PARIS, France – The aircraft industry descends on Paris for the world's biggest airshow Monday, June 19, which sees bitter rivals Boeing and Airbus battle for contracts as newcomers snap at the heels...
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DoubleDragon, Ascott to build 5-star luxury serviced apartment in Pasay
MANILA, Philippines – DoubleDragon Properties Corporation has partnered with Ascott Limited to build a 5-star luxury serviced apartment in Pasay City, targeted to be operational by 2020.DoubleDragon, a...
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Asia Brewery to produce Tiger, Heineken beer locally this year
MANILA, Philippines – Asia Brewery, the beverage arm of the Lucio Tan-led LT Group Incorporated (LT Group), will capitalize on its partnership with Heineken International by producing two of the...
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Peso breaches $1 to 50 mark again
MANILA, Philippines—The peso once again broke the psychological barrier of 50 to 1 US dollar, closing at its lowest level in two months amid hawkish comments by the US Federal Reserve (Fed).The peso...
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Philippine Airlines orders 7 planes for $235 million
MANILA, Philippines – Philippine Airlines (PAL) will buy 7 planes from Canada's Bombardier as part of an effort to regain its dominance of the growing air travel market, the carrier said Tuesday, June...
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#AskTheTaxWhiz: Are you a tax evader? [Part 2]
My accountant reassured me that since we are "cooperating" with Bureau of Internal Revenue (BIR) examiners we have nothing to worry about. Is he correct? Can we not be audited again for the same year...
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LIVE: Senate hearing on BPI, BDO glitches
Bookmark this page to watch the hearing at 9:30AMMANILA, Philippines – The Senate Committee on Banks, Financial Institutions and Currencies will conduct a public hearing on the system glitches that...
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BPI on June 6 glitch: '100% not a hack'
MANILA, Philippines – The Bank of the Philippine Islands (BPI) assured a Senate panel on Wednesday, June 21, that its recent system glitch was “100%” not a case of hacking. (Read: BPI system glitch...
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BPI, BDO take preventive measures to avoid repeat of glitches, fraud
MANILA, Philippines – Two of the country's biggest banks assured the public there is no need to worry despite the glitches and scam that hit them recently, affecting customers.Representatives of the...
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