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Shakey’s Pizza inks agreement to open 10 stores in UAE
MANILA, Philippines — Shakey’s Pizza Asia Ventures Incorporated (PIZZA), the listed firm behind the Shakey’s pizza chain, has announced its expansion plans in the Middle East.In a statement on Friday,...
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Lucio Tan, Henry Sy's hometown in China eye more investments in PH
FUZHOU, China - The Chinese province that is the hometown of some 1.68 million Filipino-Chinese eyes more investments to the Philippines amid improvement of bilateral ties between the two countries.The...
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Philippine Tax Academy set to open in 2018
MANILA, Philippines – The government is set to establish the Philippine Tax Academy next year, aimed at providing government personnel continuous training on tax collection, the finance department...
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Metro Pacific sets sights on Clark airport upgrade
MANILA, Philippines – The infrastructure conglomerate led by Manuel Pangilinan, Metro Pacific Investments Corporation (MPIC), plans to bid for the modernization of the Clark International Airport in...
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NEDA reviews San Miguel's proposed airport in Bulacan
MANILA, Philippines – The proposal of San Miguel Corporation (SMC) to build an international airport in Bulacan is now being reviewed by the National Economic and Development Authority...
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China's economy posts steady growth but risks remain
BEIJING, China – China posted better-than-expected growth in the second quarter, official data showed on Monday, July 17, but authorities warned that the world's second largest economy faces external...
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Pag-IBIG gets COA nod on law firm to handle Globe Asiatique cases
MANILA, Philippines – The Yorac Arroyo Chua Caedo and Coronel Law Firm will now handle the Home Development Mutual Fund's (Pag-IBIG Fund) case involving Globe Asiatique Realty Holdings Corporation...
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Ramon Ang in talks with Prietos for majority stake in Inquirer
MANILA, Philippines (UPDATED) – Ramon Ang, the chief of the country's most diversified conglomerate San Miguel Corporation, is in talks with the owners of the Philippine Daily Inquirer for an...
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Ramon Ang and his media interests
MANILA, Philippines – Businessman Ramon Ang has long been scouting for a share in major media companies. He takes another shot after an unlucky streak the past years with broadcast firms GMA Network...
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OFW cash remittances rebound to hit $2.31B in May
MANILA, Philippines – After hitting a 15-month low in April, remittances coursed through banks by overseas Filipino workers (OFWs) rebounded in May.Data released by the Bangko Sentral ng Pilipinas...
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FAST FACTS: What you should know about the Inquirer Group
MANILA, Philippines – Another milestone awaits the storied Inquirer media group.After surviving several political and business adversaries, the Prieto family – who owns majority of the Inquirer –...
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San Miguel's latest venture: BMW vehicles
MANILA, Philippines – San Miguel Corporation (SMC) has set up a new business unit for venturing into importation and distribution of BMW vehicles in the Philippines.Ramon Ang, SMC president and known...
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MVP open to selling his entire Inquirer stake
MANILA, Philippines – Manuel Pangilinan will divest and sell his shares in the Inquirer Group if the offer price is right."If there’s an offer to buy our stake at an acceptable price, we are willing to...
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PSE approves Dennis Uy's Chelsea Logistics IPO
MANILA, Philippines – Dennis Uy's Chelsea Logistics Holdings Corporation will debut in the Philippine Stock Exchange (PSE) on August 8, after it secured the final approval of the local bourse.The PSE...
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U-Hop launches new services
MANILA, Philippines – Homegrown ride-hailing app U-Hop launched its services in major cities nationwide, enticing partners with its "no commission fee" for the first 3 months.In its official Facebook...
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Strong export demand to lift Asian economies – ADB
MANILA, Philippines – Surging global demand for Asian exports and low oil prices will help China and the region's developing economies grow faster than expected this year and next, the Asian...
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PSE to sell common shares to reduce broker ownership
MANILA, Philippines – The Philippine Stock Exchange (PSE) plans to sell 11.5 million common shares through follow-on offering, which could potentially raise as much as P2.8 billion in fresh capital.In...
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Chelsea Logistics' final offer price: P10.68 each
MANILA, Philippines – Chelsea Logistics Holdings Corporation lowered the price of its initial public offering (IPO) to P10.68 per share, enabling it to raise as much as P5.84 billion in proceeds,...
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NBI nabs suspect in Metrobank P900-M fraud case
MANILA, Philippines (UPDATED) – The National Bureau of Investigation (NBI) on Friday, July 21, presented the bank officer suspected of committing the P900-million internal fraud at the Metropolitan...
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Banking sector backs Metrobank to pull through P900 M fraud case
MANILA, Philippines – The country’s banking sector and its regulators have given their vote of confidence to Ty-led Metropolitan Bank & Trust Co (Metrobank) as it deals with the fallout from its...
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