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U.S. Senate ends class-action suits against finance firms
WASHINGTON DC, USA – The US Senate voted Tuesday, October 24, to kill a banking rule that allows class-action suits against banks or credit card companies, in a victory for President Donald Trump that...
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Jack Ma optimistic PH could be world's best in fintech
MANILA, Philippines – The country's lack of financial inclusion and slow internet speed could ultimately be the seeds to sow great ideas, according to Alibaba Group founder and executive chairman Jack...
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Alibaba's Jack Ma: PH internet 'no good'
MANILA, Philippines – The Philippines' slow internet had even the ever-optimistic Jack Ma, founder and executive chairman of global tech giant Alibaba Group, frustrated."I arrived late last night and I...
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A peek into Jack Ma's 24-hour Manila visit
MANILA, Philippines — Do you think you had a busy Wednesday?If so, spare a thought for Chinese business icon and Alibaba Group founder Jack Ma who jetted into Manila late Tuesday night, October 24,...
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PLDT unit spending P11 billion for faster internet
MANILA, Philippines – A unit of PLDT Incorporated will spend P11 billion in the next two years to migrate more than 1.3 million digital subscriber line (DSL) subscribers to a much faster fiber optic...
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PH internet 'no good'? Telcos, PCC react to Jack Ma
MANILA, Philippines – The country's telecommunications giants and the Philippine Competition Commission (PCC) vowed to do the best they can to improve the state of Philippine internet, after Jack Ma,...
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Microsoft tops forecasts with 16% profit growth
SAN FRANCISCO, USA – Microsoft on Thursday, October 26, (October 27, Manila time) delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business...
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Startups, investors meet at the ASEAN Slingshot
MANILA, Philippines – Startup founders were given the rare opportunity to meet angel investors and industry experts from across the Association of Southeast Asian Nations (ASEAN) region and its partner...
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RCBC: No talks with BDO, BPI on merger, sale of majority stake
MANILA, Philippines – Yuchengco-led Rizal Commercial Banking Corporation (RCBC) denied rumors that it is on the auction block, with two of the country’s biggest banks eyeing it.In a letter to the...
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Seaplane operator Air Juan cancels some flights for ASEAN Summit
MANILA, Philippines – Seaplane operator Air Juan Aviation Incorporated (Air Juan) has cancelled some flights in the run-up to, and during, the 31st Association of Southeast Asian Nations (ASEAN)...
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PAL offers ‘Puso Para sa Marawi’ P1-fare
MANILA, Philippines – Philippine Airlines offered a one-day “Puso Para sa Marawi” P1-seat sale to Cagayan de Oro from select areas on Saturday, October 28.The one-day promo is for a P1-one-way base...
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Petron to file corruption charges vs PNOC president
MANILA, Philippines – Petron Corporation executives, led by tycoon Ramon Ang, will file corruption charges against Philippine National Oil Company (PNOC) President Reuben Lista for his alleged...
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ABS-CBN brings more shows to Africa
MANILA, Philippines – ABS-CBN Corporation secured a volume deal with digital TV operator StarTimes to air its content across Sub-Saharan Africa.The Lopez-led firm said the deal entails airing of more...
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Meralco unit asks ERC to approve power supply agreements soon
MANILA, Philippines – Rogelio Singson, the newly-appointed chief of the power generation unit of the Manila Electric Company (Meralco), called on the Energy Regulatory Commission (ERC) to approve...
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PLDT invests P7B in undersea cable with 60 TBps of bandwidth
MANILA, Philippines – PLDT Incorporated is investing nearly P7 billion ($136.7 million) for a new Trans-Pacific cable system that will reinforce its undersea fiber links to the United States and Japan....
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Dennis Uy's Phoenix Petroleum inks deal to buy FamilyMart
MANILA, Philippines – Dennis Uy-led Phoenix Petroleum Philippines Incorporated announced a deal to acquire the Philippine unit of convenience store chain FamilyMart from Ayala Land Incorporated and SSI...
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Bank schedule: Undas 2017
Please refresh this page for updates.MANILA, Philippines – The country's major banks released their schedule of operations for the Undas break, from Tuesday, October 31, to Wednesday, November 1.BPIAll...
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Calata plans to convert shares to cryptocurrency amid delisting
MANILA, Philippines – What about trading your Calata Corporation shares at the cryptocurrency exchange?This unregulated and controversial trading platform for digital currencies was the next option...
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Samsung Electronics posts record Q3 profits, replaces CEOs
SEOUL, South Korea (UPDATED) – Samsung Electronics logged Tuesday, October 31, a record profit of $10.0 billion for July to September and announced a sweeping reshuffle within top management as the...
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IMF tells Gulf states to speed up switch from oil
DUBAI, United Arab Emirates – The IMF on Tuesday, October 31, advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since...
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