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PT&T looks to become major telco force in 3 years
MANILA, Philippines— The new owners of listed Philippine Telegraph & Telephone Corporation (PT&T), the firm being touted as the as likely 3rd player in the country’s telco sector, has revealed...
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19 Filipino companies join world's biggest food trade fair
COLOGNE, Germany – Coconut products, banana chips, snacks and the Pili nut took center stage at the Philippine delegation's trade fair booths at Anuga, the world's biggest food trade fair.New, healthy...
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Transport strike shuts Philippine financial markets
MANILA, Philippines – There will be no clearing and settlement operations by the Bangko Sentral ng Pilipinas (BSP) and the Securities Clearing Corporation of the Philippines on Monday, October 16,...
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Road repairs lift infrastructure spending in August
MANILA, Philippines – Government spending on infrastructure and other capital outlays surged by 18.1% in August, mainly lifted by efforts to complete road repair and flood control projects by the...
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Globe says 'emergency operations' causing service interruptions
MANILA, Philippines – Globe Telecom on Monday, October 16, said that "emergency operations" on its database servers are affecting service to its subscribers."Emergency operations on our database...
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PH remittances for August rise fastest in 5 months
MANILA, Philippines – Money sent home by overseas Filipinos last August saw the fastest growth in 5 months, fueled by those with work contracts in the United Arab Emirates (UAE) and the United States,...
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Malaysian firm wants to replicate Putrajaya at New Clark City
MANILA, Philippines – Malaysia-based infrastructure conglomerate MTD Capital Berhad submitted an unsolicited P121.8-billion proposal to build a 207-hectare national government administrative center at...
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Customs officials open to lifestyle checks
MANILA, Philippines— Officials of the Bureau of Customs (BOC) said they have no objections to being subjected to intensified lifestyle checks to weed out corruption, they however said that officials...
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PSE offers Calata voluntary delisting instead of selling out
MANILA, Philippines – The chief of the Philippine Stock Exchange (PSE) thinks the proposal of Calata Corporation to sell out to Millennium Global Holdings Incorporated to save itself from being...
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Airbus to enter into partnership with Canada's Bombardier
PARIS, France – Airbus will take a majority stake in Bombardier's marquee C-Series airliner program, the companies announced Monday, October 16, as the Canadian firm battled against a stiff tariff...
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Philippine Stock Exchange to amend trading rules
MANILA, Philippines – The Philippine Stock Exchange (PSE) plans to revise its rules to allow trading even on days when the clearing activities of the Bangko Sentral ng Pilipinas (BSP) or Philippine...
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3 new China-Cebu flights to launch in October
CEBU, Philippines – More Chinese airlines are set to launch regular direct flights between China and Cebu – a move that will allow the Philippine province to cash in on the highest spending tourist...
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Calata rejects PSE's voluntary delisting proposal
MANILA, Philippines – Listed agribusiness Calata Corporation declined the offer of the Philippine Stock Exchange (PSE) to take the voluntary delisting route, saying conducting a tender offer to small...
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Politics and trade do not mix, Lopez tells EU businessmen
MANILA, Philippines – Business and politics do not mix.This was the conclusion when Trade and Industry Secretary Ramon Lopez spoke Tuesday, October 17, at the European Union-Philippines Business...
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NAIA no longer among 'worst airports' – survey
MANILA, Philippines – After several years of being named one of the "worst airports," the Ninoy Aquino International Airport (NAIA) has finally lost the tag.The latest survey released by travel website...
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Bidding war heats up for $5-B second Amazon HQ
NEW YORK CITY, USA – It's the prize of a lifetime – a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get.From East to West, from North to South,...
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DICT acting chief says PH internet like Manila traffic: 'Slow, congested,...
MANILA, Philippines – It is not a secret that the Philippines has infamously poor internet service. Even the acting chief of the Department of Information and Communications Technology (DICT)...
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China's economic growth slows in Q3 but on course to beat target
BEIJING, China – China's economy slowed marginally in the third quarter but is well on course to beat the government's annual target, cementing Xi Jinping's standing as he prepares to be handed a...
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Metrobank buys out credit card stake of Australia's ANZ
MANILA, Philippines – The Philippines' second biggest bank said on Thursday, October 19, it will spend $288 million buying out the minority stake that Australia's ANZ has in a credit card joint...
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Philippines AirAsia flying to Bali, Jakarta, Ho Chi Minh soon
MANILA, Philippines – The local unit of Southeast Asia's biggest budget airline AirAsia Berhad is set to fly from Manila to Bali and Jakarta in Indonesia as well as to Ho Chi Minh City in Vietnam soon....
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