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Clark International Airport ends 2017 with record high passenger traffic
MANILA, Philippines – Clark International Airport, Metro Manila’s 2nd main gateway, saw a record high of over 1.5 million passengers passing through its facility in 2017. This is mainly brought by the...
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Filipinos to welcome 2018 with new withholding tax rates
MANILA, Philippines – Payroll managers in the country will need to update their employees' compensation records starting January 1, after the Bureau of Internal Revenue (BIR) issued a memorandum on the...
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Petron expects expansion deal in Malaysia done in 2020
MANILA, Philippines – Listed Petron Corporation expects its refinery expansion in Malaysia to be finished in two years, adding 90,000 barrels a day to its capacity.Petron Malaysia Refining &...
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New tax rates don't apply to old petroleum stocks, DOE warns
MANILA, Philippines – The new excise tax rates, which takes effect on Monday, January 1, do not apply to old stocks of petroleum products, the Department of Energy (DOE) warned.In an advisory issued...
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PLDT, Smart ink another partnership deal with Huawei
MANILA, Philippines – Listed PLDT Incorporated and its mobile unit Smart Communications Incorporated sealed a $28.5-million (P1.4-billion) partnership deal with China's Huawei Technologies Company...
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PAL hopeful to become 4-star airline this 2018
MANILA, Philippines – Listed Philippine Airlines Incorporated (PAL) remains hopeful that it will be able to join the prestigious circle of 4-star carriers this 2018, as it accelerates efforts in...
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SEC approves Marcventures' merger with 2 mining firms
MANILA, Philippines – The Securities and Exchange Commission (SEC) green lighted the merger of Marcventures Holdings Incorporated with two mining firms: Brightgreen Resources Holdings Incorporated...
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AboitizPower ready to take over Negros solar power project
MANILA, Philippines – Aboitiz Power Corporation (AboitizPower) is set to take over the 59-megawatt (MW) solar power project in Negros Occidental, after it executed the deed of transfer overseas.The...
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Aboitizes buying Isabela-based PR Savings
MANILA, Philippines – Aboitiz-led Union Bank of the Philippines (UnionBank) is acquiring Isabela-based thrift bank Philippine Resources Savings Bank (PR Savings Bank) to expand its mass market...
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2017 safest year for post-war civil aviation – industry agencies
THE HAGUE, Netherlands – Last year was the safest year for civil aviation since plane crash statistics were first compiled in 1946, two industry studies have found.A total of 10 crashes of civil...
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Ayala Land takes majority control of Malaysian construction firm
MANILA, Philippines – Ayala Land Incorporated (ALI) is taking majority control of MCT Berhad by buying an additional 17.24% stake in the Malaysian development and construction company.Ayala Land told...
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Philippine stocks break 8,700 level to open 2018
MANILA, Philippines (UPDATED) – Philippine stocks achieved another new record on the 1st trading day of 2018, breaching the 8,700 level for the first time in history.On Wednesday, January 3, the...
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Filipinos to feel impact of higher fuel tax starting mid-January
MANILA, Philippines – Starting mid-January, Filipinos are expected to feel the impact of higher fuel excise tax rates at gasoline pumps.For now, the Department of Energy (DOE) said in a statement that...
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Stricter AMLA reporting guidelines set to take effect
MANILA, Philippines – The stricter registration and reporting guidelines of the Anti-Money Laundering Council (AMLC) are set to take effect on Thursday, January 4.This is part of the government's...
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Existing stocks of sweetened drinks exempt from new tax rates – DTI
MANILA, Philippines – Filipinos may only start noticing higher prices for sugar-sweetened beverages in the 2nd half of January, as existing inventories are exempt from the new excise tax rates,...
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Most Filipinos prefer socially responsible brands
MANILA, Philippines – Most Filipino consumers are taking into account corporate social responsibility (CSR) when choosing brands.Research by YouGov Omnibus released on Thursday, January 4, showed 97%...
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Honda Philippines raises prices for most cars due to tax reform law
MANILA, Philippines – The Philippine unit of Japan's second top automaker Honda Motor Company raised prices for most models following the implementation of new excise tax rates.Honda Cars Philippines...
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Philippine economy to grow fastest in ASEAN-5 in 2018 - First Metro
MANILA, Philippines – First Metro Investment Corporation, the investment banking arm of Metrobank Group, expects the Philippines to become the fastest growing economy in the Association of Southeast...
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Philippines ready to face potential shocks in 2018 – BSP
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) expects the Philippine economy to withstand potential shocks for 2018 and beyond, laying down foundations for continued economic...
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DICT delays rule on 1-year expiration for prepaid load worth less than P300
MANILA, Philippines (UPDATED) – The Department of Information and Communication Technology (DICT) has delayed the implementation of its rule on one-year expiration for prepaid load worth less than P300...
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