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JTI-Mighty Corp buyout, Rockwell-Mitsui venture get PCC nod
MANILA, Philippines – Two multibillion-peso deals secured approval from the Philippine Competition Commission (PCC), the country's antitrust body.The PCC announced on Tuesday, August 29, that it has...
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LBC in talks to acquire logistics firms
MANILA, Philippines – LBC Express Holdings Incorporated is in talks with local and foreign groups for possible acquisitions, as the company looks to strengthen its logistics business.LBC Express chief...
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Top 10 companies 'Filipinos want to work for' in 2017
MANILA, Philippines – The Manila Electric Company (Meralco) and San Miguel Corporation (SMC) top the list of companies Filipinos would most like to work for, according to a new survey by online...
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San Miguel completes new STAR Tollway bridge
MANILA, Philippines – The infrastructure unit of conglomerate San Miguel Corporation (SMC) built a new bridge along the Southern Tagalog Arterial Road (STAR) Tollway in Batangas City, after the old one...
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DoubleDragon to spend over P4 billion for industrial hubs, hotels
MANILA, Philippines – DoubleDragon Properties Corporation plans to spend P4.8 billion to develop 100,000 square meters (sqm) of industrial leasing hubs and 5,000 hotel rooms across the Philippines by...
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What's The Big Idea? Katipunan: Struggles of a Philippine craft beer pioneer
Bookmark this page to watch the full episode on at 7 pm on Thursday, August 31MANILA, Philippines – It's easy to take beer for granted: you can find it anywhere. So what possessed 4 friends to brew one...
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Oil down as U.S. refineries struggle from Harvey impact
SINGAPORE – Crude prices fell further in Asian trade Thursday, August 31, as refineries shut down by deadly storm Harvey in the key oil-producing US Gulf Coast struggled to get back online, further...
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LRT1 operator offers compromise on pending fare hike
MANILA, Philippines – Instead of a fare hike that would be a burden to commuters, the operator of the Light Rail Transit Line 1 (LRT1) suggested that the government subsidize the company's nearly...
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Cebu Pacific to add holiday season flights to Japan, Vietnam, Indonesia
MANILA, Philippines – Gokongwei-led budget carrier Cebu Pacific will add more flights to its existing Japan, Vietnam, and Indonesia routes from the 4th quarter of 2017 to the 1st quarter of 2018.The...
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Fitch upgrades PLDT outlook amid improved finances
MANILA, Philippines – PLDT Incorporated bagged an outlook upgrade from credit rating agency Fitch Ratings, lifted by its divestment from Beacon Electric Asset Holdings Incorporated, focus on...
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Pangilinan-Ayala group eyes MRT3 takeover by early 2018
MANILA, Philippines – If everything goes as planned, the consortium headed by Manuel Pangilinan and Jaime Augusto Zobel de Ayala expects to take over the operations, maintenance, and rehabilitation of...
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Megaworld set to open P2-B Southwoods Mall in October
MANILA, Philippines – Andrew Tan-led Megaworld is set to open its newest mall just south of Metro Manila in time for the holiday season.In a disclosure to the Philippine Stock Exchange (PSE) on...
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Wells Fargo says 1.4 million new phony accounts uncovered
NEW YORK, USA – Troubled commercial banking giant Wells Fargo said Thursday, August 31, it had uncovered 1.4 million more suspect customer accounts, part of a broadening scandal that has rocked the...
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Founders of Katipunan Craft Ales (still) love increasingly challenging business
MANILA, Philippines – In the first years after 4 friends formed Katipunan Craft Ales, they say they regularly faced challenges sourcing barley, hops, and yeast, and even bottles. There were times when...
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DOF installing new cybersecurity system
MANILA, Philippines – In light of the wave of cyberattacks around the world, the Department of Finance (DOF) has resolved to beef up its cybersecurity.The DOF announced in a statement on Sunday,...
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Lilia de Lima's 21-year work of fighting corruption
MANILA, Philippines – The retired director general of the Philippine Economic Zone Authority (PEZA) was gardening on a weekend when she received a phone call, informing her that she is a recipient of...
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Chelsea Logistics offers to buy Starlite Ferries
MANILA, Philippines – Chelsea Logistics Holdings Corporation is set to acquire local roll-on, roll-off (RORO) shipping company Starlite Ferries Incorporated – a move to become the leading mover of...
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22 more towns may be added to Cagayan economic zone
TUGUEGARAO CITY, Philippines – The Cagayan Economic Zone Authority (CEZA) is updating its 20-year old master development plan for the Cagayan Special Economic Zone and Freeport (CSEZFP) with a...
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Globe's GCash partners with Hong Kong-based EMQ for remittances
MANILA, Philippines – Ayala-led Globe Telecom added another partner to its digital payments subsidiary G-Xchange Incorporated (GXI), which runs GCash, in order to capture more of the overseas Filipino...
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DMCI founder David Consunji dies
MANILA, Philippines (UPDATED) – David "DM" Consunji, the engineer who founded DM Consunji Incorporated (DMCI) and grew it into one of the country's top conglomerates, died at the age of 95 around...
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