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Japanese credit watcher maintains Philippines' investment grade rating
MANILA, Philippines – Japan-based Rating and Investment Information Incorporated (R&I) retained the Philippines' investment grade rating, as its economy is seen to bank solid growth fueled by the...
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PT&T, Chinese firm to explore free Wi-Fi during disasters
MANILA, Philippines – Newly-invigorated Philippine Telegraph & Telephone Corporation (PT&T) and a Chinese wireless network firm agreed to explore the possibility of offering free wireless...
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Metro Manila Subway leads expected infra buildup in 2018
MANILA, Philippines – 2018 is when the government's Build, Build, Build program is expected to really kick in, garnished by big-ticket projects such as the long-awaited Metro Manila Subway and the...
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EU court says Uber is taxi service, can be regulated
LUXEMBOURG, Luxembourg (UPDATED) – The EU's top court ruled on Wednesday, December 20, that Uber is an ordinary transportation company instead of an app and should be regulated as such, in a decision...
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Work begins on Clark International Airport expansion
MANILA, Philippines – The transformation of Metro Manila’s second airport, Clark International Airport, into a major Asian gateway has started with work finally beginning on a new terminal.The Clark...
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Christmas 2017 bank schedules
Please refresh this page for updates.MANILA, Philippines – Some bank branches will have extended hours for the 2017 holiday season, though they will be closed on Christmas and New Year's Day.Bank of...
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Conglomerates form ‘Super Consortium’ to propose NAIA upgrade
MANILA, Philippines — The country’s biggest conglomerates have teamed up to create a super consortium to propose an upgrade to the Ninoy Aquino International Airport (NAIA).Aboitiz Infra Capital...
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Ombudsman suspends ERC commissioners for a year
MANILA, Philippines – The Office of the Ombudsman has suspended 4 commissioners of the Energy Regulatory Commission (ERC) due to what it alleges to be anomalous transactions involving the Manila...
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Canceled flights due to Tropical Storm Vinta
Please refresh this page for updates.MANILA, Philippines – A number of domestic flights were canceled on Thursday, December 21, and Friday, December 22, due to Tropical Storm Vinta (Tembin), which is...
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Grab eyes investment in PUV modernization
CEBU CITY, Philippines – Transport network company (TNC) Grab Philippines said it wants to support the government's public utility vehicle (PUV) modernization program by investing in public...
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56% of Filipinos enjoy haggling, survey shows
MANILA, Philippines – More than half of Filipinos enjoy haggling, and get an average discount of 21% when they do so, a new survey showed.The survey, called "A Handle on Haggling," found that 56% of...
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Public can exchange old peso bills at BSP on December 26
MANILA, Philippines (UPDATED) – The Bangko Sentral ng Pilipinas (BSP) announced it would still accept demonitized peso bills and exchange them with new ones on Tuesday, December 26. The 3-decade-old...
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LRT1 ticket machines to accept new P5 coins by March 2018
MANILA, Philippines – Light Rail Manila Corporation (LRMC), operator of LRT1, said on Friday, December 22, that ticket vending machines are expected to be compatible with the new P5 coins by March...
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Duterte vetoes parts of tax reform law
MANILA, Philippines—President Rodrigo Duterte has vetoed some parts of the first package of the Tax Reform for Acceleration and Inclusion (Train) law, Malacañang Palace informed Congress on Friday,...
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House urges Duterte to exempt BIMP-EAGA from travel tax
MANILA, Philippines – The House of Representatives has adopted a resolution urging President Rodrigo Duterte to grant travel tax exemptions to passengers traveling from Mindanao and Palawan to any...
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Bank for OFWs could open in February 2018
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced on Friday, December 22, that it gave state-run Land Bank of the Philippines (Landbank) the green light to acquire the Philippine...
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Agriculture damage from Urduja reaches P1 billion
MANILA, Philippines – The Department of Agriculture (DA) said damage and losses to agriculture sector caused by Tropical Storm Urduja (Kai-Tak) had reached P1 billion as of 5 pm Friday, December 22.A...
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Ex MRT-3 service provider blacklisted from future bids by DOTr
MANILA, Philippines – The Department of Transportation (DOTr) has made it clear that the terminated MRT-3 maintenance service provider, Busan Universal Rail Incorporated (BURI), and its affiliates can...
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DOE starts price freeze on basic energy goods in areas under state of calamity
MANILA, Philippines – The Department of Energy (DOE) has implemented a prize freeze on kerosene and household liquified petroleum gas (LPG) following the declaration of a state of calamity in a number...
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Gov't deficit narrows in November on 16% higher collections
MANILA, Philippines – Stronger collections kept pace with increased spending last November, based on data released by the Bureau of Treasury (BTr) on Tuesday, December 26.The Philippine government hit...
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