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House committee approves 'soft drinks' tax
MANILA, Philippines – The House of Representatives committee on ways and means approved on Tuesday, November 10, a bill seeking to impose excise tax on sugar-sweetened beverages like soda and energy...
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Vista Land to acquire Starmalls for P33.5B
MANILA, Philippines – Vista Land and Lifescapes Incorporated will acquire shopping mall and office developer Starmalls Incorporated for P33.5 billion ($710.56 million).Vista Land and Starmalls are both...
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BMW completes turn over of vehicle fleet for APEC summit
MANILA, Philippines – The official importer and distributor of BMW in the country has completed the turnover of more than 200 units of the German luxury automobile brand for use in this year's...
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What will the Philippines gain from hosting APEC 2015?
MANILA, Philippines – The first time the Philippines hosted the Asia-Pacific leaders' summit in 1996, then-President Fidel Ramos vowed to help develop an action plan on facilitating free trade in the...
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Alleged investment scam leader nabbed in Bacolod
BACOLOD CITY, Philippines – Operatives of the National Bureau of Investigation (NBI) arrested the alleged leader of a Manila-based investment firm in an entrapment operation on November 10.Nabbed was...
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APEC 2015: A sense of déjà vu
MANILA, Philippines– "The correctness of our reforms so far has been validated by the growth of the economy and a new tempo of nationwide self-reliance, even at the grassroots….We have demonstrated our...
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World's biggest online shopping day nets over $14B
SHANGHAI, China – E-commerce giant Alibaba said Thursday, November 12, that Chinese and international consumers spent more than $14 billion in the world's biggest online shopping day, as it sought to...
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'Soft drinks' tax won't impact PH sugar industry – lawmaker
MANILA, Philippines – The chairman of the House ways and means committee on Thursday, November 12, defended the proposed imposition of excise tax on sugar-sweetened beverages, saying it would not...
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APEC 2015: Robust Internet needed to link MSMEs to global supply chain
MANILA, Philippines — Local micro, small, and medium enterprises (MSMEs) need one thing before securing links to the global supply chain: Robust Internet connection.This is the call of Magsaysay Group...
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APEC 2015: 20,000 PH firms engaged in development work
MANILA, Philippines – At a high-level dialogue on Thursday, November 12, government officials and leaders from the private sector agreed that the Philippine economy provides a huge opportunity for...
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APEC 2015: PH launches initiative to transform MSME financing
MANILA, PHILIPPINES – Ahead of the Asia-Pacific Economic Cooperation (APEC) summit, the Philippines, along with several international institutions, launched a platform to help transform financial...
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House approves Customs reform act on 3rd reading
MANILA, Philippines – The Bureau of Customs (BOC) may face reforms by next year as the House of Representatives approved on third reading the Customs Modernization and Tariff Act (CMTA) of 2015."The...
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SEC to DOJ: Issue lookout bulletin order vs EmGoldex scammers
MANILA, Philippines – The Securities and Exchange Commission (SEC) has asked the Department of Justice (CDO) to issue a Lookout Bulletin Order (LBO) against suspects involved in the global Emgoldex...
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SC asked to invalidate LRT-1 Cavite extension project
MANILA, Philippines – Militant groups asked the Supreme Court (SC) on Thursday, November 12, to stop the implementation of the concession agreement for the Light Rail Transit (LRT) Line 1 Cavite...
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PH eyes bigger shrimp production for export
GENERAL SANTOS CITY, Philippines – The Philippines is setting its eyes on producing 130,000 metric tons of white shrimp, in a bid to become a major producer and industry player in the Southeast Asian...
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BSP leaves interest rates unchanged since October
MANILA, Philippines – The Philippine central bank on Thursday, November 12, kept policy rates unchanged for the 9th time since October 2014.Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr...
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APEC 2015: Where PH stands in the Trans-Pacific Partnership
MANILA, Philippines (UPDATED) – As world leaders across the Pacific Rim prepare to fly to Manila for the Asia Pacific Economic Cooperation (APEC) leaders meeting, it is only natural that the world has...
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Petilla: Give Competitive Selection Process a chance
MANILA, Philippines – Former Energy (DOE) Secretary Carlos Jericho "Icot" Petilla said the Competititve Selection Process (CSP) – a policy that mandates all distribution utilities (DUs) and electric...
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Foreign portfolio investments result in net inflows in October – BSP
MANILA, Philippines – Higher foreign portfolio investments or "hot money" were plowed into the Philippines in October, the Bangko Sentral ng Pilipinas (BSP) reported Friday, November 13.Last month's...
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APEC 2015: How to make economic growth inclusive
MANILA, Philippines – The Philippines' sunny economy has been growing faster than most of its neighboring countries over the past years. Yet its sunny face has a gloomy flip side.The growth has not...
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