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Canceled flights due to bad weather
MANILA, Philippines – Several domestic flights were canceled on Friday, November 24, due to bad weather, according to the Manila International Airport Authority (MIAA).State weather bureau PAGASA had...
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Jaguar Land Rover roars back into PH with new local partner
MANILA, Philippines— Well-heeled Filipinos looking to get behind the wheel of a new Jaguar or Land Rover are in luck as the two brands are officially back in the country with a new local...
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Robinsons Land targets to raise P20 billion in stock rights offering
MANILA, Philippines – Robinsons Land Corporation (RLC), the property development arm of the Gokongwei-led JG Summit Holdings Incorporated, is looking to sell shares to stockholders to acquire more...
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Bitcoin, an 'Uber' currency, not without risk
PARIS, France – Bitcoin, which this week soared to a new record high of more than $8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for...
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Meredith Corp to buy Time Inc. for $2.8B
WASHINGTON DC, USA – Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, backed by the billionaire Koch brothers known for supporting conservative causes, in an unlikely...
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John Gokongwei proves family-run conglomerates work
MANILA, Philippines – John Gokongwei Jr took his place next to other legends of Philippine business like Washington SyCip and Jaime Zobel de Ayala as he was named Management Association of the...
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URC eyes sugar tax, Vietnam rebound as keys to lift sagging growth
MANILA, Philippines – A proposed sugar tax which would hurt competitors and a new push for beverages in Vietnam are the key ingredients to a turnaround in the fortunes of Universal Robina Corporation...
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Time Inc. sale highlights economic, political turmoil in media
WASHINGTON DC, USA – The sale of Time Inc., home to some of the most storied American magazines, highlights the troubled state of print media and raises questions about the politics of the news...
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BSP slaps sanctions on Metrobank for P1.75-B internal fraud case
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has officially sanctioned Ty-led Metropolitan Bank and Trust Company (Metrobank) in connection to an internal fraud case.The internal fraud...
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PLDT open to Chinese strategic partners
MANILA, Philippines – As speculation of a 3rd player breaking into the Philippines' telecommunications industry heats up, PLDT Incorporated expressed interest in finding strategic partners of its...
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Mining stocks fall as Senate approves nearly 3,000% coal tax hike
MANILA, Philippines – Mining stocks took a dive after the Senate approved a nearly 3,000% increase in coal taxes as part of the Duterte administration's comprehensive tax reform package.The mining and...
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Bitcoin breaks $10,000 barrier but analysts warn of bubble
SINGAPORE (UPDATED) – Bitcoin broke above the $10,000 mark for the first time on Wednesday, November 29, as the virtual currency continued a stratospheric rise that has seen it increase more than...
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Sumitomo 'closely considered' to handle MRT3 maintenance once again
MANILA, Philippines (UPDATED) – Sumitomo Corporation, the original maintenance provider of the Metro Rail Transit 3 (MRT3), is being "closely considered" to handle maintenance of the beleaguered train...
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BSP releases new P5 coin to honor Andres Bonifacio
MANILA, Philippines— The Bangko Sentral ng Pilipinas (BSP) has announced it will release the New Generation Currency (NGC) Coin Series P5 coin featuring Philippine hero Andres Bonifacio on Friday,...
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SM Center Pulilan set to open in Bulacan on December 1
MANILA, Philippines – SM Prime Holdings Incorporated, the property development arm of the SM Group, is set to open another mall in Bulacan in time for the holiday rush.In a statement on Wednesday,...
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Bubble or brave new world? Bitcoin breaks $11,000 barrier
NEW YORK CITY, USA – Bitcoin surged above $11,000 for the first time on Wednesday, November 29, as it extends a stratospheric rise that has delighted investors but sparked fears of a bubble.The virtual...
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#AskTheTaxWhiz: Will small businesses benefit from TRAIN?
The Senate has already passed its version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill. Will small businesses benefit from TRAIN? Were your proposals considered to make sure we support...
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Metro Manila has 3rd worst traffic in Southeast Asia – study
MANILA, Philippines – Metro Manila commuters and motorists alike spend more than an hour, on average, in traffic every day, placing the Philippines' capital region the 3rd worst in traffic in Southeast...
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TPLEX Binalonan to Pozorrubio in Pangasinan opens December 6
MANILA, Philippines – Tarlac-Pangasinan-La Union Toll Expressway (TPLEX) will open its Binalonan to Pozorrubio section in Pangasinan on December 6, cutting travel time to about 45 minutes from...
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BOC posts record high P46.47-B collection in November
MANILA, Philippines – The Bureau of Customs (BOC) posted its highest-ever monthly collection worth P46.47 billion in November 2017. BOC Commissioner Isidro Lapeña said in a statement on Saturday,...
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