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DICT raises concerns over NGCP's fiber optic network offer
MANILA, Philippines – A proposed deal between the Department of Information and Communications Technology (DICT) and the National Grid Corporation of the Philippines (NGCP) over free fiber optic use...
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Philippines exceeds foreign direct investments target for 2017
MANILA, Philippines – The amount of foreign direct investments (FDIs) coming into the Philippines surged to $8.7 billion during the 1st 11 months of 2017, surpassing the full-year target of $8 billion...
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Cebu Pacific to fly directly to Batanes
MANILA, Philippines – Cebu Pacific Air will start operating direct commercial flights between Manila and Batanes on March 25 this year.In time for summer travel season, the listed Gokongwei-led airline...
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PSE raises free float requirement for benchmark index
MANILA, Philippines – The Philippine Stock Exchange (PSE) raised the free float requirement for listed firms to qualify for inclusion in the benchmark PSE index (PSEi) to 15%, from the previous 12%.PSE...
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Bangkok-based firm plans initial coin offering in the Philippines
MANILA, Philippines – Bangkok-headquartered Global Crypto Hub plans to launch an initial coin offering (ICO) in the Philippines, as it earmarks $1 million worth of investments in the country.Global...
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Unilever threatens to pull ads from 'divisive platforms'
THE HAGUE, Netherlands – Anglo-Dutch consumer giant Unilever, one of the world's largest advertisers, threatened Monday, February 12, to snub digital platforms that fail to protect children or help...
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#AskTheTaxWhiz: The BIR's revenue target for 2018
How will an individual top taxpayer be affected by the changes brought by the Tax Reform for Acceleration and Inclusion (TRAIN) law?Under Section 5 of TRAIN, the first P250,000 annual income is exempt...
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'Super consortium' formalizes P350-billion NAIA rehab proposal
MANILA, Philippines – Seven of the country's top conglomerates formalized their P350-billion proposal to rehabilitate, expand, operate, and maintain the Ninoy Aquino International Airport (NAIA) for 35...
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Net income of RCBC surges to P4.3 billion in 2017
MANILA, Philippines – Yuchengco-led Rizal Commercial Banking Corporation (RCBC) saw its net income grow by 11.4% in 2017, boosted by its strong performance in the last quarter of the year.The country's...
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DPWH gets help from Hong Kong-based Arup for infra deals
MANILA, Philippines – The Department of Public Works and Highways has signed a consulting contract with Ove Arup and Partners Hong Kong Limited (Arup) to help the DPWH prepare feasibility studies and...
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Jollibee takes bigger bite out of U.S.-based Smashburger
MANILA, Philippines – Fast-food giant Jollibee Foods Corporation (JFC) is increasing its stake in US-based burger chain Smashburger from 40% to 85%, in line with its bid to conquer foreign markets.JFC...
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PAL to spend around $2 billion on 15 new planes in 2018
MANILA, Philippines (UPDATED) – Flag carrier Philippine Airlines (PAL) is continuing with its fleet modernization program in a bid to push its newly acquired 4-star airline status to 5 stars."We are...
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DoubleDragon plans 3.9-hectare industrial hub in booming Iloilo
MANILA, Philippines – A property boom continues in Iloilo City, the financial capital of Western Visayas, with big property developers like DoubleDragon Properties Corporation expanding their landbank...
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SM Center Imus set to open in Cavite
MANILA, Philippines – Sy-family led SM Prime Holdings Incorporated is opening another mall in Cavite, its 6th in the province alone.In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday,...
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Dipolog Airport closed as Cebu Pacific plane blocks runway
MANILA, Philippines – Dipolog Airport in Zamboanga del Norte was closed on Wednesday, February 14, after a Cebu Pacific plane encountered technical difficulties on the runway."On or about 12:15 pm......
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Philippine peso weakest in over 11 years
MANILA, Philippines (UPDATED) – The Philippine peso depreciated to P52.12 against the United States dollar on Wednesday, February 14, its weakest performance in over 11 years, as a surge in imports led...
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Ayala Land net income up 21% in 2017
MANILA, Philippines – Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line rise on the completion of projects and growth from its leasing segment.ALI...
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Oil firms cut prices for 2nd straight time
MANILA, Philippines – Oil companies in the Philippines rolled back prices of petroleum products again, reflecting movements in the international oil market.Effective 6 am on Sunday, February 18, PTT...
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DOTr to review P350-billion NAIA rehabilitation proposal
MANILA, Philippines – The P350-billion proposal to rehabilitate, expand, operate, and maintain the Ninoy Aquino International Airport (NAIA) is now being reviewed by the Department of Transportation...
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PLDT plans broadband expansion by 2020
MANILA, Philippines – Listed telecommunications giant PLDT Incorporated aims to expand its "ultrafast" broadband coverage to 6 million homes nationwide by 2020.To improve its services, PLDT said in a...
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