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Fujifilm says to slash 10,000 jobs at Fuji Xerox subsidiary
TOKYO, Japan – Japanese technology firm Fujifilm on Wednesday, January 31, announced 10,000 job cuts by March 2020 in its Fuji Xerox subsidiary, which it said was facing an "increasingly severe" market...
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NLEX to add lane in San Fernando interchange
MANILA, Philippines – The operator of the North Luzon Expressway (NLEX) is set to open an additional lane at the San Fernando Interchange in March to ease the heavy volume of vehicles in Pampanga...
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Pancake House to open in Saudi Arabia
MANILA, Philippines – Max's Group Incorporated (MGI) will bring its homegrown casual dining chain Pancake House to Saudi Arabia.In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday,...
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San Miguel raising P30 billion to fund obligations, invest more
MANILA, Philippines – Listed San Miguel Corporation is raising up to P30 billion through a peso bond offering to refinance existing obligations and invest more in its existing businesses.In a filing...
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DoubleDragon, partners to build PH's 'biggest' hotel in Boracay
MANILA, Philippines – The "biggest" hotel in the country is set to rise in the tourist destination of Boracay Island."The Hotel101 Resort-Boracay will soon rise on the beachfront of Boracay Newcoast...
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Construction of LRT1 Cavite extension to start mid-2018
MANILA, Philippines – The Light Rail Transit Line 1 (LRT1), Southeast Asia's 1st rail transport line, is finally set to start the construction of its extension from Baclaran to Cavite in the middle of...
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EXCLUSIVE: Viterbo resigns as SEC commissioner
MANILA, Philippines – Three years before the end of his term, Securities and Exchange Commission (SEC) Commissioner Blas James Viterbo tendered his resignation over health concerns."Yes, Commissioner...
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Globe tightens rules on 3rd parties to protect vs 'nakaw-load'
MANILA, Philippines— Ayala-led Globe Telecom has announced tighter rules for its 3rd-party value-added service providers (VAS) to guard against unscrupulous practices.Such practices result in prepaid...
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DOE: No need to raise PUV fares despite higher fuel tax
MANILA, Philippines— The commuting public can rest easy knowing that fares would possibly not go up, at least in the near future.The Department of Energy (DOE) said that public utility vehicle (PUV)...
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New leader to take the helm at U.S. Federal Reserve
WASHINGTON DC, USA – Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to lead the US Federal Reserve, will take the reins of monetary policy starting...
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Quicker security screening now available for PAL passengers from U.S.
MANILA, Philippines – Passengers of Philippine Airlines (PAL) traveling from the United States may now avail of a faster security screening procedure, after the flag carrier became part of the US...
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PLDT sets aside over P150 billion for expansion until 2020
MANILA, Philippines – PLDT Incorporated is pouring in more than P150 billion from 2018 to 2020 to hasten its fixed and mobile network expansion in the Philippines.The listed telecommunications giant...
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Tax collected from Mighty up by P4 billion monthly since JTI takeover
MANILA, Philippines – Monthly excise taxes collected from Mighty Corporation increased by roughly P4 billion since Japan Tobacco Incorporated (JTI) took over the operations of the cigarette...
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AirAsia launches 3 domestic flights to, from Clark
MANILA, Philippines – Philippines AirAsia Incorporated is now flying from Clark, Pampanga to Tacloban, Leyte; Puerto Princesa, Palawan; and Iloilo.The budget airline announced in a statement on Monday,...
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IATA chief warns about rising cost of airport expansion
SINGAPORE – The "skyrocketing" costs of expanding airport infrastructure must be controlled to keep flight tickets affordable, the boss of airline industry group IATA warned Monday, February...
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Megaworld set to open Festive Walk Mall in Iloilo
MANILA, Philippines – Andrew Tan-led developer Megaworld Corporation is set to open its first mall outside Luzon, located in Iloilo City, in April this year.In a disclosure to the Philippine Stock...
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Dubai airport retains top international spot in 2017
DUBAI, United Arab Emirates – Dubai airport was the world's busiest for international passengers in 2017 for the fourth year running, with 88.2 million travelers, the United Arab Emirates' state news...
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BPI net income up slightly to P22.42 billion in 2017
MANILA, Philippines – Ayala-led Bank of the Philippine Islands (BPI) saw its net income inch up slightly last year compared to 2016, boosted by strong performance in the 4th quarter.In a disclosure to...
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Philippine stocks log biggest single-day price drop in over a year
MANILA, Philippines – Philippine stocks suffered their biggest single-day price drop in over a year on Monday, February 5, dragged by sell-offs in global markets.The bellwether Philippine Stock...
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Wall Street stocks plunge in chaotic session
NEW YORK CITY, USA (UPDATED) – Wall Street stocks plunged in chaotic trading on Monday, February 5, as the Dow's gains for 2018 were erased in a brutal pullback from months of stock market euphoria...
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