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Bitcoin drops below $6,000 for first time in 3 months
TOKYO, Japan (UPDATED) – Bitcoin plunged more than 20% to fall below $6,000 on Tuesday, February 6, its latest sharp loss following a series of setbacks, with a global stock market collapse fueling the...
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Inflation hits 3-year high of 4% in January
MANILA, Philippines – Inflation hit its highest level in 3 years last January as the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) law kicked in."Increases in food and non-food...
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Del Monte Philippines plans P16.7-billion IPO
MANILA, Philippines – Del Monte Philippines Incorporated (DMPI), the local unit of fruit grower and canner Del Monte Pacific Limited Incorporated (DMPL), plans to raise as much P16.7 billion through an...
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Asia markets awash with red as rout spreads globally from Wall Street
HONG KONG – Asian stocks plunged Tuesday, February 6, after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising US borrowing costs and take profits...
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Globe Telecom expects to sustain high capital spending until 2020
MANILA, Philippines – Globe Telecom Incorporated expects to allot $850 million to $900 million every year until 2020 as capital spending budget, in a bid to continuously upgrade its network for the...
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SC denies Ayala Land's motion for reconsideration on prime Las Piñas lot
MANILA, Philippines – Ayala Land Incorporated (ALI) lost control of a 6.8-hectare prime lot in Las Piñas City after the Supreme Court (SC) rejected its motion for reconsideration."The court resolves to...
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Duterte order on Cure frequencies for 3rd telco contradicts PLDT-NTC deal
MANILA, Philippines – President Rodrigo Duterte instructed the Department of Information and Communications Technology (DICT) not to shell out a single centavo for the frequencies surrendered by PLDT...
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PLDT to give up Cure frequencies 'at no cost'
MANILA, Philippines (UPDATED) – PLDT Incorporated has agreed to give up its surrendered frequencies at no cost to a potential 3rd player in the telecommunications industry, according to the acting...
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DPWH to auction off Quezon-Bicol Expressway project by end-2018
MANILA, Philippines – A proposed 180-kilometer expressway from southern Quezon to Camarines Sur is set to be auctioned off to the private sector by end-2018, the Department of Public Works and Highways...
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Ayala-led IMI's net income rises by 21% in acquisition-filled 2017
MANILA, Philippines – The net income of Ayala-led Integrated Micro-Electronics Incorporated (IMI) rose in 2017 as it continued an international acquisition spree.In a disclosure to the Philippine Stock...
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NGCP offers to let DICT use fiber optic network for free
MANILA, Philippines – The National Broadband Plan (NBP) could be given a lift with the National Grid Corporation of the Philippines (NGCP) telling the government that its fiber optic cables could be...
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Globe in talks for independent cell tower firm
MANILA, Philippines – Ayala-led Globe Telecom Incorporated announced plans to outsource the building of cell towers in a bid to speed up the process.In a statement on Thursday, February 8, Globe said...
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RCBC eyes lawsuit against Bangladesh Bank over heist claims
MANILA, Philippines – Listed Rizal Commercial Banking Corporation (RCBC) is considering filing a lawsuit against Bangladesh Bank officials for claiming RCBC's involvement in the $81-million cyber heist...
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DTI's Lopez, Hyundai face plunder, estafa complaint
MANILA, Philippines (UPDATED) – Trade Secretary Ramon Lopez and officials of the Philippine affiliate of South Korea-based Hyundai Motor Company are facing plunder and other criminal charges over P1.1...
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First phase of Cavite-Laguna Expressway to open in December
MANILA, Philippines – A portion of the Cavite-Laguna Expressway (CALAX) is targeted to begin commercial operations by December 2018, after the Department of Public Works and Highways (DPWH) asked the...
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BSP maintains interest rates, raises inflation forecast for 2018, 2019
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) maintained its interest rates despite faster than expected inflation in January, but raised its inflation forecast for the next two...
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PAL certified as 4-star airline
MANILA, Philippines— Lucio Tan-led flag carrier Philippine Airlines (PAL) is now a 4-star airline.International air transport rating organization Skytrax certified PAL as a 4-star airline, after it...
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PH foreign trade up 9.9% in 2017
MANILA, Philippines— The country’s overall foreign trade in goods grew last year as the country’s import momentum continued on the back of a growing economy. Total merchandise trade for full year 2017...
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#AskTheTaxWhiz: Will I qualify for the 8% flat tax rate on gross sales?
I am an individual taxpayer who is earning an estimated annual gross sales of P2 million from my business. Will I qualify for the 8% flat tax rate?Section 24 of Republic Act No. 10963 or the Tax...
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Cavite-Tagaytay-Batangas Expressway project seen to move forward in February
MANILA, Philippines – Two infrastructure units of Metro Pacific Investments Corporation (MPIC) expect to bag the original proponent status for the development of the 49-kilometer...
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