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Metro Pacific officially takes over SCTEX
MANILA, Philippines – The Manila North Tollways Corporation (MNTC) expects up to 9% growth in the annual vehicular traffic of Subic-Clark-Tarlac Expressway (SCTEX), as it formally takes over the...
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Singapore Airlines announces Tigerair takeover bid
SINGAPORE – Singapore Airlines (SIA) on Friday, November 6 announced a full takeover bid for its struggling budget carrier subsidiary Tigerair and vowed to redevelop it as an integral part of the...
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Angara files bill pegging income tax rates to inflation
MANILA, Philippines – Senator Juan Edgardo “Sonny” Angara has filed a bill that seeks to adjust the levels of taxable income to inflation.In a statement on Friday, November 6, Angara said while the...
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SEC issues cease and desist order vs EmGoldex
MANILA, Philippines – The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against EmGgoldex, an apparent Dubai-based firm that recruits investors to buy gold online...
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ADB to help finance PH's largest wind farm
MANILA, Philippines — The Asian Development Bank (ADB) and a group of lenders will lend up to $20 million to help develop a 150-megawatt (MW) wind farm project in Burgos, Ilocos Norte.The bank said in...
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Global Intergold to SEC: Group misusing our name
MANILA, Philippines —Zurich-based Global Intergold (GIG) has informed the Philippine Securities and Exchange Commission (SEC) about an "unscrupulous group" misusing its name for illegal...
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PH foreign exchange reserves rise anew in October
MANILA, Philippines – The country’s foreign exchange reserves rose for the second straight month in October, the Bangko Sentral ng Pilipinas (BSP) reported Friday, November 6.BSP Governor Amando...
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Meralco rates rise in November
MANILA, Philippines – The Manila Electric Company (Meralco) announced in November that overall rates have gone up by P0.13 per kilowatt hour (kWh) to P8.55 per kWh.Thus consumers will pay for higher...
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Papemelroti: Crafts business the Alejandros built
MANILA, Philippines – Corit Alejandro, the family matriarch, was always drawn to discarded things. She fashioned piggy banks out of empty bottles for the children, and stuffed toys out of fabric...
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Making region MSME-friendly could be APEC 2015's success
MANILA, Philippines — Making the region more friendly to micro, small, and medium enterprises (MSMEs) could be the major success of the Asia-Pacific Economic Cooperation (APEC) Philippines 2015,...
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Why Filipinos spend so much to get the Starbucks planner
How much does it cost to get the 2016 Starbucks Planner? According to my math, the cheapest way to get it would cost you P2,295 ($48.67), and this assumes that you bought only the smallest sizes of the...
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Two private equity firms to invest P7B in Clark
MANILA, Philippines – ADM Capital and BPE Asia Real Estate, two major Hong Kong-based private equity firms are investing $150 million (P7.072 billion) to construct 5 office towers in the Clark Freeport...
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Gov’t subsidies to GOCCs at P55.82B as of September
MANILA, Philippines – The national government's subsidies to government-owned and controlled corporations (GOCCs) stood at P55.82 billion ($1.183 billion) as of end-September.According to data released...
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An airline for Alden Richards' next endorsement?
MANILA, Philippines – It looks like an airline might be added to the growing list of endorsements for the viral fictional couple #AlDub, who appear in the Kalyeserye portion of noontime variety show...
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Abaya vows better MRT by March 2016
MANILA, Philippines – Improvements in Metro Rail Transit Line 3 (MRT3) services will be felt by the first quarter of 2016, or by March at the latest, Department of Transportation and Communications...
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Poe grills DOTC officials over MRT7, LRT-MRT common station
MANILA, Philippines – Senator Grace Poe, a presidential aspirant, grilled the country's transportation officials on Monday, November 9, over the status of the proposed Metro Rail Transit Line 7...
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Jollibee group earmarks P10.4B to roll out more stores in 2016
MANILA, Philippines – Fastfood giant Jollibee Foods Corporation will earmark P10.4 billion ($220.10 million) in capital expenditures for 2016, primarily to roll out more stores here and abroad, the...
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Ayala Land posts P12.8-B net income Jan-Sept
MANILA, Philippines – Ayala Land Incorporated registered an increase of 19% in its net income in the first 9 months of 2015 – or P12.8 billion ($270.76 million) from P10.79 billion ($228.25 million) –...
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Beverage makers support income tax reform
MANILA, Philippines – The Beverage Industry Association of the Philippines (BIAP) expressed support for calls to reform the income tax system in the country, but remained opposed to sweetened beverage...
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PH exports post biggest decline in September
MANILA, Philippines – Philippine merchandise exports fell by 24.7% in September 2015, the National Economic and Development Authority (NEDA) reported Tuesday, November 10.NEDA noted that this is the...
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