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China's Tencent draws $41 billion orders for $5 billion bond sale
BEIJING, China – Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so...
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PH can earn big with Chinese call centers, says Sombero
MANILA, Philippines – A plunder charge isn’t stopping retired police general Wenceslao “Wally” Sombero Jr from campaigning to make the Philippines Asia’s hub for online gaming. He’s doing interviews to...
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3 telco players enough in the Philippines – Andanar
MANILA, Philippines – The local telecommunications industry will only need up to 3 players for the market to still be profitable, according to Presidential Communications Secretary Martin Andanar.In an...
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Prices of McDonald's drinks could go up due to tax reform
MANILA, Philippines – Diners at McDonald's Philippines might soon pay a little more to quench their thirst, after the government decided to raise taxes on sugar-sweetened beverages, including...
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Philippines joins 'elite' cross-border banking data reporting
MANILA, Philippines – The Philippines will soon be part of an "elite" group of economies that report cross-border banking statistics to the Bank for International Settlements (BIS) as part of a global...
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Mayon Volcano disrupts Manila-Legazpi flights
Please refresh this page for updates.MANILA, Philippines – Some flights between Manila and Legazpi City were canceled on Monday, January 15, after volcanic debris and fast-moving hot gases were spotted...
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Philippine remittances for November 2017 grow by only 2%
MANILA, Philippines – Money sent home by overseas Filipinos (OFs) last November grew by only 2% year-on-year to $2.3 billion, partly because of base effects, after remittances in the same month in 2016...
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Japan's SoftBank Group soars on listing reports
TOKYO, Japan – Shares in Japan's SoftBank Group soared 6% on Monday, January 15, on reports it could list its mobile unit, raising up to $18 billion in one of the country's biggest public offerings.In...
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Rappler still free to continue operations – SEC
MANILA, Philippines – Securities and Exchange Commission (SEC) said Rappler Incorporated is still free to continue its operation while its decision to revoke the media firm's license for allegedly...
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Airbus warns A380 program at risk as orders dry up
PARIS, France – Airbus said Monday, January 15, that it might have to end production of the double-decker A380 superjumbo jet, having booked no new orders for the plane in two years.The European...
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Business journalists slam 'darker agenda' behind SEC ruling on Rappler
MANILA, Philippines – The Economic Journalists Association of the Philippines (EJAP) questioned the decision of the Securities and Exchange Commission (SEC) to strip Rappler of its corporate...
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SEC stands firm on decision to strip Rappler's license
MANILA, Philippines – Despite call from local and global organizations to reverse its order, Securities and Exchange Commission (SEC) stood firm on its decision to strip Rappler Incorporated's license...
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Sweet deal: Nestle sells U.S. candy to Ferrero for $2.8B
GENEVA, Switzerland – Nestle said Tuesday, January 16, it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food...
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SEC decision to revoke Rappler's license 'too severe' – lawyer
MANILA, Philippines – Rappler Incorporated argued that the penalty imposed by the Securities and Exchange Commission (SEC) for an allegedly unconstitutional Philippine Depositary Receipt (PDR)...
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Hong Kong's Hang Seng Index hits all-time high
HONG KONG – Hong Kong stocks hit their highest ever level in late trade on Wednesday, January 17, a day after posting a record close.The Hang Seng Index climbed 0.25%, or 78.66 points, to finish at...
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#AskTheTaxWhiz: Top 10 questions about the tax reform law
1. What are the benefits of tax reform? Where will the government use the additional revenues to be collected under the Tax Reform for Acceleration and Inclusion (TRAIN) law?As reiterated by the...
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European stocks dip, bitcoin crashes below $10,000
LONDON, United Kingdom – Europe's major stock markets mostly churned lower Wednesday, January 17, as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward...
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MinDA to ask BSP to craft Islamic finance policy
DAVAO CITY, Philippines — The agency overseeing development in Mindanao plans to expand Islamic banking through the Bangko Sentral ng Pilipinas (BSP), even without legislation from Congress.Romeo...
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Incheon airport opens new terminal before Olympics
SEOUL, South Korea – South Korea's main international gateway Incheon airport opened its second terminal on Thursday, January 18, significantly increasing its capacity 3 weeks before the start of the...
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Emirates announces $16-B deal for 36 A380s
DUBAI, United Arab Emirates – Emirates Airlines said Thursday, January 18, it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos just days after the European manufacturer said it would...
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