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Cebu Pacific to start daily Manila-Sydney flights
MANILA, Philippines – Cebu Pacific announced it will be offering daily flights between Sydney and Manila beginning December 1 as a response to the "robust demand for frequency.""We want to continue to...
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PAL, Cebu Pacific offer support for Marawi troops
MANILA, Philippines – Flag carrier Philippine Airlines (PAL) and Cebu Pacific announced initiatives to help cops and soldiers serving in Marawi City, where clashes between government troops and local...
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Meet Ramon Ang, Filipino billionaire and Duterte's friend
MANILA, Philippines – Amid President Rodrigo Duterte's war against a select business elite, Ramon See Ang remains on the administration's good side.Ang, who has an estimated wealth of $1.4 billion and...
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Chuchi Fonacier is new BSP deputy governor for bank supervision
MANILA, Philippines – Chuchi Fonacier is the new Bangko Sentral ng Pilipinas (BSP) deputy governor in charge of bank supervision, the first woman to hold the post.The central banker will fill up the...
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Metrobank loses over P14B in market value amid fraud issue
MANILA, Philippines – Metropolitan Bank & Trust Company (Metrobank), lender owned by business tycoon George Ty, lost P14.63 billion in market value in a day, as the Bangko Sentral ng Pilipinas...
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Hans Sicat is new ING Bank country manager
MANILA, Philippines – Former Philippine Stock Exchange (PSE) chief Hans Sicat will be the new head of the local unit of Dutch giant ING Bank N.V. come mid-August.ING Bank on Monday, July 24 announced...
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Grab to raise $2.5B in new financing
SINGAPORE – Southeast Asian ride-hailing firm Grab said Monday, July 24, it expects to raise $2.5 billion in financing, mostly from China's Didi Chuxing and Japan's Softbank, as it strengthens its lead...
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Big business winners, losers in Duterte's 1st year
MANILA, Philippines – Majority of the Philippines' most valuable companies have continued their growth trajectory that started to build up even before President Rodrigo Duterte took office in 2016.A...
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SONA 2017: No promises to speed up infra implementation
MANILA, Philippines – In his his second State of the Nation Address (SONA) on Monday, July 24, President Rodrigo Duterte made no promise to speed up infrastructure projects, a pledge that investors and...
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Duterte accepts Mighty Corp's P25-B tax settlement offer
MANILA, Philippines— The government is set to score its largest tax settlement in Philippine history as President Rodrigo Duterte announced on Monday, July 24, that he has ordered finance officials to...
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AC Energy to expand in Indonesia, sells Chevron PH assets stake to SM group
MANILA, Philippines— AC Energy, the energy arm and wholly owned subsidiary of Ayala Corporation, has announced it will deepen its presence in Indonesia and that it has sold its stake Chevron’s...
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PLDT opposes DOLE order on contractual workers' regularization
MANILA, Philippines – PLDT Incorporated, led by tycoon Manuel Pangilinan, is opposing a government order directing the dominant telco to regularize its over 8,000 contractual workers.The telco said...
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Senate to discuss fraud case with Metrobank, AMLC, BSP
MANILA, Philippines – The executives of the Metropolitan Bank and Trust Company (Metrobank), Anti-Money Laundering Council (AMLC), and Bangko Sentral ng Pilipinas (BSP) will face the Senate committee...
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BPI launches microfinance bank to target underserved entrepreneurs
MANILA, Philippines – Ayala-led Bank of the Philippine Islands (BPI) launched a microfinance bank to target an emerging and underserved sector of the market in the name of financial inclusion.The new...
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Cagayan airport to launch international flights in August
CAGAYAN, Philippines – The Cagayan North International Airport (CNIA) is set to launch its maiden international flight on August 23, an official said.In a press release, Administrator Jose Marie Ponce,...
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PH gov't told to pay Maynilad over P3B for delayed tariff hike
MANILA, Philippines – The Philippine government will have to pay Maynilad Water Services Incorporated a total of P3.42 billion for losses incurred from delayed tariff adjustments, an arbitral tribunal...
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Samsung Electronics' record earnings see it overtake Apple
SEOUL, South Korea – South Korean giant Samsung on Thursday, July 27, posted record quarterly earnings, putting it on course to overtake Apple as the world's most profitable tech firm as it seeks to...
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Trump hails $10B investment from Apple supplier Foxconn
WASHINGTON DC, USA – US President Donald Trump on Wednesday, July 26, unveiled a $10 billion US investment by Apple supplier Foxconn to build a plant in Wisconsin.The businessman-turned-president made...
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MRC Allied partners with Chinese firm for energy deals
MANILA, Philippines – MRC Allied Incorporated and China Energy Engineering Group Guangdong Power Engineering Company Limited will jointly explore opportunities in the Philippines' renewable energy...
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Amazon pushes into Southeast Asia with Singapore launch
SINGAPORE – Amazon launched its express delivery service in Singapore on Thursday, July 27, the US online retail giant's first foray into Southeast Asia and a move that puts it in direct competition...
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