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PLDT to award up to 860,000 shares to key officers, employees
MANILA, Philippines – PLDT Incorporated will award a total of 860,000 common shares to its key officers and employees who contribute to its long-term transformation and financial goals.In March 2016,...
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Megaworld launches new headquarters in Bonifacio Global City
MANILA, Philippines – Andrew Tan-led Megaworld Corporation, a firm that made its name developing estates or townships and office spaces for other companies, has finally moved into an office building of...
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DOTr demands over P7B in 'unpaid charges' from PAL
MANILA, Philippines – The Department of Transportation (DOTr) and Lucio Tan-led flag carrier Philippine Airlines (PAL) are locked in a dispute over alleged unpaid charges that could run up to more than...
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Infrastructure remains weak link in Philippines' competitiveness
MANILA, Philippines – Investors think the country's macroeconomic environment is among the most attractive in the world, but their interest in the Philippine economy is being dampened by slow...
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Luzon power grid on yellow alert again
MANILA, Philippines – The National Grid Corporation of the Philippines (NGCP) on Thursday, September 28, placed the Luzon power grid under yellow alert again after some power plants went offline."Luzon...
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Construction of MRT-LRT common station finally begins
MANILA, Philippines — The construction of the common station connecting the Metro Rail Transit (MRT) and the Light Rail Transit (LRT), a landmark project 10 years in the making, finally began on...
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TransCo plans to diversify into telecoms, compete with the giants
MANILA, Philippines – National Transmission Corporation (TransCo), the state-run firm that holds the country's transmission assets, plans to diversify into telecommunications and compete with giants...
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PAL starts flights from Clark to Basco, Batanes
MANILA, Philippines – Philippine Airlines (PAL) on Sunday, October 1, started operating 4 times a week to Basco, Batanes from Clark, Pampanga."Rugged and picturesque Basco in Batanes is now a short...
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PLDT to provide Wi-Fi to over 2,300 buses by end-2017
MANILA, Philippines – More than 2,300 public transport buses in the country are getting some technological upgrades: Wi-Fi connectivity, closed-circuit television (CCTV) cameras, and vehicle...
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Honda to start mass recall in China over Takata airbags
BEIJING, China – Honda will recall more than 245,000 vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said Sunday, October 1, dealing another...
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Matigsalug tribe to showcase products at expo in Makati
DAVAO CITY, Philippines – A newly-launched line of products of an indigenous group in Mindanao is one of the highlights of a trade expo in Makati City, which begins on Monday, October 2.The Matigsalug...
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Japan business confidence hits decade high – Bank of Japan
TOKYO, Japan – Confidence among Japan's biggest manufacturers has jumped to its highest level in a decade, a key central survey showed Monday, October 2, as the world's number three economy picks up...
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PH plans to lower required capital for foreign retailers
MANILA, Philippines – The government plans to lower the required minimum capital for foreign retail investors who want to put up a store in the country to $200,000, in an effort to liberalize the...
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Megaworld to build P3-B regional headquarters for New York-listed firm
MANILA, Philippines – Andrew Tan-led property developer Megaworld Corporation announced it will build an office tower to serve as the regional corporate headquarters for US-based listed firm FactSet.In...
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Metro Pacific group eyes P20 billion for MRT3 takeover
MANILA, Philippines – The group of Manuel Pangilinan-led Metro Pacific Investments Corporation (MPIC) will invest up to P20 billion to rehabilitate, operate, and maintain the Metro Rail Transit Line 3...
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Jollibee-Globe deal allows free calls for delivery
MANILA, Philippines – Globe Telecom and Jollibee Foods Corporation (JFC) teamed up to expand the fast food giant's IT and delivery services.The agreement, announced on Monday, October 2, means that...
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Pernia wants changes in Senate version of tax reform bill
MANILA, Philippines – Socioeconomic Planning Secretary Ernesto Pernia said the Duterte administration's economic managers will try to convince the Senate to make its version of tax reform "closer" to...
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SC voids Ayala Land's ownership of prime lot in Las Piñas
MANILA, Philippines – Property giant Ayala Land Incorporated (ALI) lost control of a 6.8-hectare lot of prime land in Las Piñas City following a ruling by the Supreme Court (SC).The SC, in a ruling...
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110,000 flyers stranded after UK airline collapses
LONDON, United Kingdom – British short-haul carrier Monarch Airlines ceased trading suddenly Monday, October 2, following a financial collapse, the biggest failure of its kind in Britain, prompting the...
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Stats on holiday shopping in PH and why the ‘ber’ season is a myth
MANILA, Philippines – At least 100 days before Christmas, the ‘ber’ mode kicks in, in the Philippines. Here the ‘ber’ months are typically used to refer to one of the longest holiday seasons in the...
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