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$60 billion a year needed to address ASEAN infrastructure gap – ADB
MANILA, Philippines – The Association of Southeast Asian Nations (ASEAN) needs a whopping $60 billion a year to address the region's infrastructure gap."You have 400 million lacking electricity, 300...
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In ASEAN business summit, Razon asks PH to 'just get things done'
MANILA, Philippines – Instead of shifting its attention to the infrastructure development of the Association of Southeast Asian Nations (ASEAN), the Philippines should instead focusing on addressing...
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Democracy, infrastructure development not a good mix – Razon
MANILA, Philippines – Infrastructure development and democratic governance usually do not go well together, said port magnate Enrique Razon Jr, one of the Philippines' richest men."Those that have the...
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Japan reaches out to ASEAN startups
MANILA, Philippines – Japan is playing catch-up in the vibrant and growing startup community in Southeast Asia, after another Asian giant, China, has been leading in funding and engaging with...
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Filipino unicorn sets eyes outside ASEAN
MANILA, Philippines — A homegrown startup finally managed to get unicorn status with a valuation of over $1 billion but unlike most of its peers, it has set its sights far beyond its regional...
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New Zealand PM Jacinda Ardern oversees 3 new agreements with PH
MANILA, Philippines – New Zealand is moving to consolidate and deepen ties with the Association of Southeast Nations (ASEAN) – the Philippines in particular – with no less than its newly-elected leader...
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PH, Russia mull Northern Luzon railway corridor, new direct flights
MANILA, Philippines – The Philippine and Russia are looking into new direct flights between Manila and Moscow, and the development of a railway corridor from the New Clark City in Tarlac to Tuguegarao...
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Pangilinan still optimistic over oil hunt in West Philippine Sea
MANILA, Philippines – Filipino tycoon Manuel Pangilinan, whose firm holds an exploration permit covering the Reed Bank, remains optimistic that Philippine President Rodrigo Duterte and Chinese Premier...
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MSMEs must benefit from free trade, Robredo tells ASEAN businessmen
MANILA, Philippines – Vice President Leni Robredo urged entrepreneurs from Southeast Asia to push for inclusive growth that would benefit even micro, small, and medium enterprises (MSMEs).Robredo...
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Filinvest, JG Summit team up for bid to develop Clark Airport
MANILA, Philippines – Gotianun-led Filinvest Development Corporation (FDC) has teamed up with Gokongwei-led JG Summit Holding Incorporated (JGS) to propose a new Clark International Airport.In a...
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'You're a woman, what do you know about cars?'
MANILA, Philippines – The first time Maria Fe Perez-Agudo met the male bosses of Korean carmaker Hyundai, they gave her cold treatment meant to intimidate."In a meeting with 10 or 12 male executives in...
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India's Modi hails the Philippines as 'services powerhouse'
MANILA, Philippines – Indian Prime Minister Narendra Modi on Monday, November 13, likened the Philippines to India and hailed it as a powerhouse in the services sector."The Philippines is a services...
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Rubbing elbows with ASEAN business giants? Here's the price
MANILA, Philippines – Deal-making at the 31st Association of Southeast Asian Nations (ASEAN) Summit in Manila usually happened at carefully orchestrated hotel or government office meetings as well as...
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Philippines is last piece of ASEAN puzzle for CIMB
MANILA, Philippines — The Philippines is the last country for the CIMB Group Holdings Bhd to conquer to finally claim it is present in all 10 member countries of the Association of Southeast Asian...
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Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families
MANILA, Philippines – The Sy and Zobel de Ayala clans of the Philippines remained on Forbes magazine's list of 50 richest families in Asia, while the Aboitizes are out. The family of Henry Sy – who has...
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EDC net income drops by 6.5% in 1st 9 months due to Leyte earthquake
MANILA, Philippines – Lopez-led renewable energy producer Energy Development Corporation (EDC) saw its bottom line fall by 6.5% for the 1st 3 quarters of this year compared to last year due to the...
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Philippine GDP growth in Q2 2017 raised to 6.7%
MANILA, Philippines – It turns out that the Philippine economy grew faster than initially thought from April to June this year.The Philippine Statistics Authority (PSA) announced on Wednesday, November...
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Philippine gov't, Facebook partner for 'ultra high-speed' broadband
MANILA, Philippines – The Philippine government teamed up with Facebook to build "ultra high-speed" broadband infrastructure, which would make the government virtually a 3rd major player in the...
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Remittances drop by 8.3% in September amid Saudi repatriation
MANILA, Philippines – After hitting a 5-month high in August, remittances coursed through banks by overseas Filipino workers (OFWs) fell again in September this year.Data released by the Bangko Sentral...
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Philippines overtakes China in economic growth again
MANILA, Philippines – The Philippines pulled ahead of China in the 3rd quarter of 2017 as the Southeast Asian economy reported growth of 6.9%, slightly faster than the Asian superpower's 6.8%. (READ:...
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