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BSP plans to tap artificial intelligence
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is studying how it can make use of artificial intelligence to improve its regulatory and consumer protection functions.BSP Governor Nestor...
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Cirtek buying Silicon Valley tech firm Quintel
MANILA, Philippines – Cirtek Holdings Philippines Corporation is buying Quintel, a Silicon Valley tech firm engaged in antenna solutions, for $100 million, giving the publicly-listed firm an additional...
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BDO nets P13.3B in 1st half of 2017
MANILA, Philippines – Sy family-led BDO Unibank Incorporated (BDO), the country's largest bank in terms of assets, recorded relatively flat earnings for the 1st half of this year on lower gains from...
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Cirtek expects higher profit on Quintel acquisition
MANILA, Philippines – Technology firm Cirtek Holdings Philippines Corporation expects its revenues to hit $125 million this year, a 25% surge from its initial projection of $100 million, fueled by the...
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BSP to demonetize P100,000 and P2,000 commemorative bills
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Tuesday, August 1, announced that the P100,000 and P2,000 centennial commemorative banknotes issued during the term of former president...
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Standard Chartered cuts Philippine GDP forecast
MANILA, Philippines – Standard Chartered Bank slashed its economic growth prospects for the Philippines in 2017 due to slower-than-expected performance in the 1st quarter. But the British banking giant...
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BIR-Del Monte tax issue: More questions than answers
MANILA, Philippines – Big questions remain in the controversial tax settlement case between the Bureau of Internal Revenue (BIR) and Del Monte Philippines Incorporated (DMPI).The controversy has...
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San Miguel unit eyes 500-MW hydro plant in Tarlac
MANILA, Philippines – A unit of listed conglomerate San Miguel Corporation (SMC) plans to build a 500-megawatt pumped storage hydro project in Tarlac province, once regulators approve its application...
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PSE plans to offer more shares to bring PDS merger closer
MANILA, Philippines – The Philippine Stock Exchange Incorporated (PSE) plans on offering more shares to bring the merger with the Philippine Dealing System Holdings Corporation (PDS) closer to...
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'Conspirators' in Metrobank internal fraud claim innocence
MANILA, Philippines – Metropolitan Bank and Trust Company (Metrobank) filed charges against two individuals, Hubert Co and Sue Sai, for allegedly conspiring with the bank's ranking official in...
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Lopezes to sell minority stake in EDC to consortium for up to P14B
MANILA, Philippines – Lopez-led power firm First Gen Corporation announced it is selling its minority stake in unit Energy Development Corporation (EDC), the country's largest renewable power producer,...
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Aboitiz consolidates water utility, infrastructure investments
MANILA, Philippines – Aboitiz Equity Ventures Incorporated (AEV) consolidated its water utility investments under its infrastructure unit Aboitiz InfraCapital Incorporated, as the conglomerate starts...
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#AskTheTaxWhiz: Is there still corruption in the BIR?
Did the Bureau of Internal Revenue (BIR) collect the target revenue for 2016? Was there any improvement in tax collections from July 2016 to June 2017 or in the first year of Commissioner Caesar Dulay?...
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LOOK: First half core profit of Meralco and AboitizPower
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Manny Pangilinan to eventually divest from Inquirer
MANILA, Philippines – Manuel "Manny" Pangilinan said he has talked with the Rufino-Prieto family and has agreed to divest and sell all his shares in the group of Philippine Daily Inquirer."As of today,...
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Philippine inflation in July edges up
MANILA, Philippines – Philippine inflation– the movement of prices of basic goods and services – has slightly picked up pace in July, which closed higher at 2.8% from the revised 2.7% in June, due to...
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BSP boosts fight vs fake Philippine peso bills
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) boosted its fight against fake Philippine peso bills after having arrested 4 suspects accused of faking the Philippine currency in the first...
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Globe launches GoPay mobile QR payment system
MANILA, Philippines – Ayala-led Globe Telecom has begun its rollout of new digital financial projects following its partnership with Jack Ma's Ant Financial.Mynt, Globe's digital payments arm,...
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Mall operations continue to drive SM Prime's net income
MANILA, Philippines – Mall operations remained the top contributor to SM Prime Holdings Incorporated's net income, which increased by 15% to P7.79 billion during the 2nd quarter of the year.This is...
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DoubleDragon plans to sell over P7 billion worth of shares
MANILA, Philippines – DoubleDragon Properties Corporation, owned by Mang Inasal founder Edgar "Injap" Sia II and Jollibee chief Tony Tan Caktiong, announced on Monday, August 7, that it plans to raise...
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