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Metro Pacific to ink deal with Leighton for CALAX
MANILA, Philippines – The country's largest infrastructure firm, Metro Pacific Investments Corporation (MPIC), is set to sign a P7.3-billion contract with Australia's Leighton Holdings for the...
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PAL to begin direct Cebu-Bangkok flights on December 2
MANILA, Philippines – Cebu's development as an international hub is getting a further boost with the announcement of a new Philippine Airlines (PAL) direct route from the city to Thailand's capital of...
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Smart to upgrade cell sites in Marikina, Quezon City
MANILA, Philippines – Smart Communications Incorporated, the wireless subsidiary of PLDT Incorporated, is set to upgrade its cell sites in Marikina City and Quezon City this October.The upgrade is part...
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Shell stations to offer charging for electric vehicles
MANILA, Philippines – Pilipinas Shell Petroleum Corporation will install the first 100 electric vehicle fast-charging stations in its gasoline stations across Metro Manila, in a bid to encourage the...
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Defiance in Britain over new £1 coin as deadline looms
LONDON, United Kingdom – Britain's old one-pound coin is being phased out completely on Sunday, October 15, but businesses complain they have been given too little time to switch to the new one and...
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SM to open mall in Tuguegarao on October 12
MANILA, Philippines – SM Prime Holdings Incorporated, the country's largest mall operator, will open SM Center Tuguegarao Downtown on Thursday, October 12. This will be its 65th mall in the...
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PH exports, imports up in August
MANILA, Philippines – Exports and imports in the Philippines increased in August 2017, preliminary data from the Philippine Statistics Authority (PSA) showed.The PSA said on Tuesday, October 10, that...
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Foreign direct investments in PH drop to one-year low in July
MANILA, Philippines (UPDATED) – The amount of foreign direct investments (FDIs) coming into the Philippines plunged to its lowest since President Rodrigo Duterte assumed office in July 2016,...
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What's next for PAL and its potential partner after P6-B settlement
MANILA Philippines – So, NAIA Terminal 2 will remain open.Philippine Airlines (PAL) on Friday, October 6, finally reached a settlement with the Department of Transportation (DOTr) totaling P6 billion,...
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Alliance Global moves into infrastructure, proposes Skytrain
MANILA, Philippines – Alliance Global Group, Incorporated (AGI), the holding firm of tycoon Andrew Tan, announced a move into infrastructure amid what the government is calling the golden age of...
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Japan steel scandal grows as more carmakers hit
TOKYO, Japan – Top Japanese automakers said Wednesday, October 11, they were scrambling to assess the safety of vehicles containing products from Kobe Steel, which has admitted falsifying quality data...
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PAL to launch Clark-Virac route on December 15
MANILA, Philippines – Lucio Tan-led Philippine Airlines (PAL) announced a new route that will connect Central Luzon to Southern Luzon, as it will launch flights from Clark, Pampanga to Virac,...
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Want to be on Duterte’s good side? Be pro-poor, aide tells businessmen
MANILA, Philippines – President Rodrigo Duterte is not against big businesses, in general, but frowns on firms and business executives who have not done much for poor Filipinos, one of his advisers...
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NBI revives complaint vs alleged rice smuggler Davidson Bangayan
MANILA, Philippines – The National Bureau of Investigation (NBI) revived the criminal complaint against alleged rice smuggler Davidson Bangayan, also known as David Tan, who was accused of monopolizing...
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PLDT building submarine cable for PH link to 3 continents
MANILA, Philippines – Listed telecommunications giant PLDT Incorporated is building a 25,000-kilometer international submarine cable linking the Philippines to Asia, Africa, and Europe.With an initial...
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SEC warns public against investing in Pluggle
MANILA, Philippines (UPDATED) – The Securities and Exchange Commission (SEC) warned the public against investing in Pluggle Incorporated, an online advertising website that is not authorized to solicit...
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Canceled flights due to Tropical Depression Odette
Please refresh this page for updates. MANILA, Philippines – A number of domestic flights heading toward Northern Luzon were canceled as Tropical Depression Odette neared the province of Cagayan,...
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Philippine stocks close above 8,400 in new milestone
MANILA, Philippines – Philippine stocks continued their rally, breaching the 8,400 mark on Thursday, October 12, as investors took their cue from sentiments overseas.At the close of Thursday's trading,...
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BSP still expects 2017 FDIs to be near 2016 level
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sought to reassure the public over the drop in foreign direct investments (FDIs) seen so far this year.The country's FDI level for the 1st 6...
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40 European firms set sights on PH renewable energy market
MANILA, Philippines – About 40 European companies are set to visit the Philippines this month to explore opportunities in the local renewable energy sector, said an official of the European Union (EU)...
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