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ADB offers Philippines $3.8B in loans for infra, social projects
MANILA, Philippines – The government will be getting a boost from a traditional source of aid, to go along with huge offers from China and Japan to fund its ambitious Build, Build, Build infrastructure...
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Credit Suisse upgrades Philippine GDP 2017 outlook on Q2 results
MANILA, Philippines – Credit Suisse upgraded its 2017 economic growth forecast for the Philippines on the back of stronger-than-expected gross domestic product (GDP) expansion in the 2nd quarter of the...
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DoubleDragon to build 'biggest' hotel in Mindanao
DAVAO CITY, Philippines – DoubleDragon Properties Corporation– listed real estate firm owned by Mang Inasal founder Edgar "Injap" Sia II and Jollibee chief Tony Tan Caktiong – will begin the...
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BSP moves to strengthen banks' governance
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) moved to strengthen the governance of banks as it amended its corporate governance guidelines following some high-profile mishaps in the...
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Japan Tobacco buying Mighty Corp for $1 billion
TOKYO, Japan – Japan Tobacco (JT) said on Tuesday, August 22, it would pay nearly $1 billion to buy Mighty Corp., the Philippines' number two cigarette firm, marking its second acquisition in...
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More electronic toll collection options for Metro Pacific's roads soon
MANILA, Philippines – Soon, motorists passing through the North Luzon Expressway (NLEX), Subic-Clark-Tarlac Expressway (SCTEX), and Manila-Cavite Expressway (Cavitex) can pay tollway fees with their...
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Manny Pangilinan's group mulls buying out MRT3 owners
MANILA, Philippines – Manuel "Manny" Pangilinan, the chairman of listed infrastructure conglomerate Metro Pacific Investments Corporation (MPIC), plans to buy out Manila's most congested railway...
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Auction for new Clark airport terminal starts
MANILA, Philippines – The group of Megawide Construction Corporation, two Chinese companies once banned by the World Bank, and R-II Builders Incorporated are among those setting sights on the...
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Google and Walmart team up to take on Amazon
SAN FRANCISCO, USA – Wal-Mart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online...
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Wealth of 50 Filipinos account for 24% of PH's 2016 GDP
MANILA, Philippines (3rd UPDATE) – No other man benefits more from the country's brisk economic growth than Henry Sy Sr, whose fortune ballooned to a high of $18 billion, making him the Philippines'...
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How Ramon Ang became Philippines' 10th richest man in 2017
MANILA, Philippines – It is the first time for tycoon Ramon Ang to be among Forbes Asia's top 10 richest Filipinos, after his cement manufacturing company Eagle Cement Corporation saw a favorable...
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Injap Sia out of Forbes list of Filipino dollar billionaires
MANILA, Philippines – Edgar "Injap" Sia II, last year's big gainer on the Forbes Asia list of the Philippines' wealthiest, dropped out of the ranks of Filipino dollar billionaires this year.The Mang...
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PSBank to deactivate all non-EMV cards by September 1
MANILA, Philippines – Philippine Savings Bank (PSBank) clients have until end of August 2017 to get their EMV chip-enabled cards.The thrift bank arm of Metropolitan Bank and Trust Company (Metrobank)...
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Zamora, Bitanga take over PT&T
MANILA, Philippines – Business magnates Salvador "Buddy" Zamora II and Benjamin "Benjie" Bitanga took control of listed Philippine Telegraph & Telephone Corporation (PT&T), which last year...
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DW Capital faces SEC probe for P2.6B in 'unauthorized' trades
MANILA, Philippines – The Securities and Exchange Commission (SEC) is set to investigate brokerage firm DW Capital Incorporated (DWCI), which allegedly engaged in unauthorized trading of securities...
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Business confidence in PH plunges to 3-year low
MANILA, Philippines – The country's corporate managers are the most pessimistic they have been in 3 years as the rainy season starts, local currency depreciates, and conflict in Marawi City continues....
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What you need to know about the Philippines’ 50 richest individuals
MANILA, Philippines – For over a decade now, Forbes’ annual list of “Philippines 50 richest” has given a glimpse of the wealth of some of the nation’s most influential businessmen. Riding on the growth...
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Busan Universal Rail calls DOTr's move to end contract 'unfair'
MANILA, Philippines – Amid climbing ridership and plummeting on-time performance, the nation's busiest mass transit railway is jammed every morning with thousands of people waiting to board trains.This...
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SM wants to buy into Goldilocks
MANILA, Philippines – SM Investments Corporation, the listed conglomerate of the Philippines' richest man Henry Sy Sr, confirmed that it plans to buy into Goldilocks Bakeshop Incorporated, the largest...
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PSE buys IHAP's stake in PDS Holdings
MANILA, Philippines – The Philippine Stock Exchange (PSE) on Tuesday, August 29 said it has signed a deal to acquire the stake of the Investment Houses Association of the Philippines (IHAP) in PDS...
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