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Philippine Airlines set to launch Bohol-South Korea route
MANILA, Philippines – Lucio Tan-led Philippine Airlines (PAL) announced a new direct international flight from Bohol to South Korea, plus a new domestic route connecting Bohol to Cebu, both launching...
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Doing business under Duterte? Philippines' richest family shows how
MANILA, Philippines – The business empire of the country's richest man, Henry Sy Sr, is going forward fast, exactly where President Rodrigo Duterte wants the economy to be.One of the Philippines'...
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5 non-life insurance firms intend to close down
MANILA, Philippines – Five non-life insurance companies have signified their intentions to close down, as some expect they won't be able to comply with future capital requirements, the Philippine...
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LIVE: House hearing on BPI, BDO glitches
MANILA, Philippines – The House of Representatives will conduct a public hearing on the system glitches that affected customers of the Bank of Philippine Islands (BPI) and BDO Unibank.AKO Bicol...
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P46 million mistakenly withdrawn from BPI during system glitch
MANILA, Philippines – The Bank of the Philippines (BPI) said a total of P46 million was mistakenly withdrawn from the bank when its electronic channels were shut down for 26 hours due to a system...
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Airbus, Boeing eye lucrative maintenance market
LE BOURGET, France – Airbus and Boeing wheeled out the usual round of order announcements at the Paris Air Show on Wednesday, June 21, but alongside the big ticket purchases, the aerospace rivals are...
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Cebu Pacific adds night flights to Boracay
MANILA, Philippines – Gokongwei-led airline Cebu Pacific announced the launch of new night flights to and from Boracay via Caticlan Airport beginning Saturday, July 1.The mounting of night flights to...
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BSP maintains interest rates in Tetangco's final Monetary Board meeting
MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr stood pat at his last Monetary Board meeting, as inflation remains manageable and liquidity is still ample.Just...
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Globe offers free calls, text messages for 15 days in Marawi
MANILA, Philippines – Ayala-led Globe Telecom, in partnership with the Armed Forces of the Philippines (AFP) and the Department of Information and Communications Technology (DICT), is opening up its...
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Government hits P33.4-B budget deficit in May
MANILA, Philippines— The government slid back into a deficit in May after a hitting a surplus of P52.8 billion in April because of higher government spending, particularly on interest payments.Data...
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New San Vicente airport in Palawan to boost local tourism industry
PUERTO PRINCESA CITY, Philippines – The rising tourism town of San Vicente in northern Palawan expects more visitors in the future with its newly-opened airport.After almost 8 years since construction...
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17 stations of Manila-Clark Railway announced
MANILA, Philippines (UPDATED) – Tutuban, Tondo, Caloocan, and Valenzuela in Metro Manila, as well as Meycauayan and Marilao in Bulacan, will be the first 6 stations of a mass transit railway that will...
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SSS collections rise to over P52 billion from January to April
MANILA, Philippines – The revenue collection of the state-run Social Security System (SSS) from members' contributions increased by almost 10% in the first 4 months of 2017, amid efforts to run after...
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Japan's airbag giant Takata files for bankruptcy protection
TOKYO, Japan (3rd UPDATE) – Japan's crisis-hit car parts maker Takata said it filed for bankruptcy protection on Monday, June 26, after deadly faults in its airbags triggered the auto industry's...
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PH's longest railway to get funding from Japan, possibly China
MANILA, Philippines – The Chinese government is seen to fund the P285-billion, 653-kilometer railway that will connect Manila to Sorsogon in Bicol, said Transportation Secretary Arthur Tugade.If...
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Bankrupt Takata faces angry shareholders
TOKYO, Japan – Takata executives faced angry investors Tuesday, June 27, after the company at the center of the world's biggest auto safety recall filed for bankruptcy and said it was being bought by a...
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Globe files P5-million civil suit vs Dasmariñas Village resident
MANILA, Philippines – The ongoing feud between Ayala-led Globe Telecom and posh Dasmariñas Village in Makati City has reached the courts.Globe on Tuesday, June 27, announced it sued Dasmariñas resident...
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SM Cherry Antipolo set to open
MANILA, Philippines – SM Prime Holdings Incorporated, one of the leading integrated property companies in Southeast Asia, is set to open SM Cherry Antipolo, its 63rd mall in the country, on Friday,...
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Major railways, national transport policy get NEDA Board approval
MANILA, Philippines – Major railways as well as water, airport, and education projects – 11 in total – secured final approval from President Rodrigo Duterte, with most of these deals' financing being...
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PH aims to be among top 20 most competitive countries by 2020
MANILA, Philippines – The Philippines aims to place itself among the top 20 most competitive countries in the world, announced Ramon Lopez, Secretary of the Department of Trade and Industry (DTI) and...
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