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Lufthansa chief eyes up to 78 Air Berlin planes
FRANKFURT AM MAIN, Germany – The chief of Germany's largest airline Lufthansa has said he hopes to buy up to 78 planes from bankrupt Air Berlin, dismissing fears the insolvency would grant him a...
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New milestone as Philippine stocks breach 8,300 mark
MANILA, Philippines – The Philippine Stock Exchange index (PSEi) continued its rally and achieved another new record on Thursday, September 21, breaching the 8,300 level for the first time.This came as...
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Megaworld to spend P4.5 billion in 4 years for Twin Lakes in Tagaytay
MANILA, Philippines – Andrew Tan-led Megaworld subsidiary Global-Estate Resorts Incorporated (GERI) announced it is planning to spend P4.5 billion in 4 years to accelerate the development of projects...
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S&P cuts China's debt rating over 'financial risks'
BEIJING, China – Standard & Poor's slashed China's credit rating on Thursday, September 21, warning that a prolonged period of debt growth had raised "economic and financial risks".S&P, which...
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BSP leaves Philippine interest rates unchanged again
MANILA, Philippines – The Philippine central bank kept interest rates unchanged again, but said it would watch out for any risks to its projected inflation, or the movement of prices of basic goods and...
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EXPLAINER: Senate, House versions of the tax reform bill
MANILA, Philippines – One of the key promises of President Rodrigo Duterte is an overhaul of the country's tax code, a key component of his economic program. Duterte had called on the Senate to...
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ICTSI buys Petron's stake in Manila North Harbor
MANILA, Philippines – International Container Terminal Services Incorporated (ICTSI) of port magnate Enrique Razon Jr is buying Petron Corporation's 34.83% stake in the biggest domestic port, the...
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Cebu Pacific honors 20% discount for senior citizens, PWDs online
MANILA, Philippines – Gokongwei-led budget carrier Cebu Pacific upgraded its systems to implement the 20% discount on domestic flight tickets for senior citizens and persons with disabilities (PWDs),...
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Petron urges PNOC to honor all terms of land lease deal
MANILA, Philippines – Petron Corporation, the country's biggest oil refiner, warned that investors might lose interest in the Philippines if the government decides not to honor some terms in any...
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ICTSI makes move into Papua New Guinea
MANILA, Philippines – Enrique Razon Jr-led International Container Terminal Services Incorporated (ICTSI) is set to operate two international ports in Papua New Guinea in order to enter the Oceania...
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Singson leaves Light Rail Manila, moves to Meralco
MANILA, Philippines – Rogelio Singson is set to step down as president and chief executive officer of Light Rail Manila Corporation (LRMC), the operator of the Light Rail Transit Line 1 (LRT1).Singson...
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OPEC to discuss extending cuts, quotas – UAE minister
ABU DHABI, United Arab Emirates – OPEC will discuss extending production cuts that have boosted oil prices and imposing output quotas on all cartel members at a November meeting in Vienna, an Emirati...
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PAL now offers 20% discount for senior citizens, PWDs online
MANILA, Philippines – Like rival Cebu Pacific, Lucio Tan-led Philippine Airlines (PAL) upgraded its system to allow senior citizens and persons with disabilities (PWDs) to get discounts for online...
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Robinsons Retail Holdings to replace EDC on PSEi
MANILA, Philippines – The Philippine Stock Exchange (PSE) announced it will add Robinsons Retail Holdings, Incorporated (RRHI) to its benchmark PSE index (PSEi) to replace Energy Development...
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ADB retains PH growth outlook, sees no signs of economy overheating
MANILA, Philippines – The Asian Development Bank (ADB) retained its projections for the Philippines as it sees no signs that the country's economy could be overheating amid rapid growth.The...
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Equifax CEO steps down in wake of massive hack
NEW YORK, USA – Equifax chief executive and chairman Richard Smith stepped down on Tuesday, September 26, in the wake of a massive hack of the consumer credit rating service.The company tapped longtime...
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PH inches up in competitiveness list, but falls behind more neighbors
MANILA, Philippines – Despite moving up one slot overall, the Philippines fell behind 6 of its Southeast Asian neighbors in the annual competitiveness ranking of the World Economic Forum (WEF).The...
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Alstom, Siemens merge to create new European rail champion
PARIS, France – The maker of France's TGV trains announced Tuesday, September 26, a "merger of equals" with German industrial leader Siemens in a giant and politically tricky deal to create a new...
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U.S. imposes stiff tariffs on Canada's Bombardier
WASHINGTON DC, USA – The United States announced Tuesday, September 26, it was imposing preliminary anti-dumping duties of 220% on CSeries jets made by Canadian aerospace firm Bombardier following a...
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Philippines' BPO industry sees slower annual growth of 9% until 2022
MANILA, Philippines – The country's business process outsourcing (BPO) industry expects annual growth to slow down to 9% until 2022, due to its larger scale, sluggish industry growth globally, and...
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