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South Korea, China top list of Boracay arrivals in first half of 2017
BORACAY, Philippines – Visitor arrivals from South Korea and China are the top source markets of Boracay Island for the first 6 of months of 2017, thanks largely to regional and domestic flights...
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First Metro, UA&P lower Philippine GDP forecast due to slow spending
MANILA, Philippines – Seeing a slower buildup of government spending, First Metro Investment Corporation and the University of Asia and the Pacific (UA&P) have lowered their Philippine economic...
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Dennis Uy's Udenna Corporation buys Enderun Colleges
MANILA, Philippines – Udenna Corporation, the holding company of businessman Dennis Uy, fully acquired Enderun Colleges Incorporated for an undisclosed price – a move seen to support its aggressive...
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Inflation in June slowest in 5 months
MANILA, Philippines – The increase in consumer prices in June 2017 was the slowest in 5 months as the cost of domestic gasoline fell significantly – a trend seen to continue for the rest of the...
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FAST FACTS: What you should know about ABS-CBN
MANILA, Philippines – It is the nation's largest entertainment and media group and among the assets most associated with the enduring Lopez family. So what exactly lies inside ABS-CBN's famous...
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Philippines' adult entertainment king wins 'jolli' battle
MANILA, Philippines – The Philippines' biggest fast-food chain has lost a long trademark battle against the nation's "King of Night Entertainment" to own the "jolli" brand, according to government...
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AXA bullish on PH insurance market, plans new IT center
MANILA, Philippines – Global insurance giant AXA is expanding its health product lines as well as its digital and IT presence in the country ahead of what it sees as great time for a rapidly changing...
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Emirates, Turkish Airlines win exemption from U.S. laptop ban
DUBAI, United Arab Emirates – Emirates and Turkish Airlines announced on Wednesday, July 5, that they had won exemption from a US ban on passengers taking laptops and tablet computers on flights from...
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Allianz PNB Life Insurance partners with HSBC for distribution
MANILA, Philippines – Allianz PNB Life Insurance teamed up with a unit of HSBC Philippines in a tie-up that brings together two of the largest financial services in the world.Allianz PNB's agreement...
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Qatar Airways says flights now exempt from U.S. laptop ban
DOHA, Qatar – Qatar Airways announced on Thursday, July 6, that it had won exemption from a US ban on passengers taking laptops and tablet computers on flights from its Doha hub.It is the latest...
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San Miguel to buy stake in BMW supplier in PH
MANILA, Philippines – San Miguel Corporation (SMC), a diversified conglomerate led by businessman Ramon Ang, is in discussions with Asian Carmakers Corporation, the official importer and distributor of...
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Phoenix Petroleum seeks $126-M acquisition of Petronas Energy, Duta
MANILA, Philippines – Businessman Dennis Uy's Phoenix Petroleum Philippines Incorporated approved the acquisition of Petronas Energy Philippines Incorporated (PEPI) and Duta Incorporated for $126.1...
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Duterte admin's infra spending in May highest in 6 months
MANILA, Philippines – From a fall in April, the administration of President Rodrigo Duterte recorded its fastest infrastructure spending in 6 months last May, as it completed more road projects and...
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China Eastern Airlines flies to Shanghai via Clark starting October
MANILA, Philippine – China Eastern Airlines, China’s second largest carrier, will start flying out of Clark airport in Pampanga on October 18, the Clark International Airport Corporation (CIAC)...
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Slight increase in power rates in July – Meralco
MANILA, Philippines – The Manila Electric Company (Meralco) on Friday, July 7, announced a slight increase in electricity rates for July.The country’s largest power distributor announced in a...
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Banks stay open after Leyte earthquake
MANILA, Philippines – The Bankers Association of the Philippines (BAP) announced that member banks with branches in areas affected by the recent Leyte earthquake will "deliver normal banking...
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Middleweight regions are next ASEAN growth hotspots – study
MANILA, Philippines – Middleweight regions, or those with populations of 500,000 to 5 million, are the next big bet for growth in the Association of Southeast Asian Nations (ASEAN), according to a...
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PSALM seeks to impose additional universal charge on electricity users
MANILA, Philippines – The Power Sector Assets and Liabilities Management Corporation (PSALM) plans to collect from consumers a universal charge of P0.0429 per kilowatt hour (kWh) a month for one year,...
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BPOs worried Marawi crisis could hamper growth
MANILA, Philippines – The drawn-out battle between government forces and terrorists in Marawi City, Lanao del Sur may derail the business process outsourcing (BPO) industry's growth projections,...
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2GO appoints new CFO, reports lower 2015, 2016 profits
MANILA, Philippines – 2GO Group Incorporated appointed a new chief financial officer and treasurer, following adjustments in its reported net income for 2015 and 2016.The listed logistics company told...
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