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PCC assisting DICT for easier entry of 3rd telco
MANILA, Philippines – The Philippine Competition Commission (PCC) is helping the Department of Information and Communications Technology (DICT) come up with "alternatives" that would allow a 3rd major...
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PLDT income takes 'big one-time hit' from swap of base stations
MANILA, Philippines – PLDT Incorporated took a "big one-time hit" to its 4th quarter profit, after the telecommunications giant changed its equipment vendor and swapped some of its wireless network...
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Qatar Airways includes Davao, Cebu in its 2018-2019 expansion
DAVAO CITY, Philippines – Qatar’s state-owned flag carrier is including Davao and Cebu as part of its upcoming expansion plans until 2019 amid a blockade that had its financial wings clipped.Akbar...
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Trump signs sweeping tariffs, defying trade war warnings
WASHINGTON DC, USA (UPDATED) – US President Donald Trump slapped steep trade tariffs on foreign steel and aluminum Thursday, March 8, drawing sharp protests from allies at home and abroad amid fears of...
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Chelsea Logistics submits P67-B bid to develop Davao, Bohol airports
MANILA, Philippines— Dennis Uy-led Chelsea Logistics Holdings Corporation (CLC) has thrown its hat into the ring to upgrade and manage two major regional airports.CLC announced that it submitted an...
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Economists upbeat about FDI prospects for 2018
MANILA, Philippines – Just a decade ago, no one would have ranked the Philippines as one of the brightest prospects for investment in Southeast Asia.Yet last week, American media firm US News and World...
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Infra projects to help PH achieve 7% growth in 2018 – DOF
DAVAO CITY, Philippines – The economy is on track with its prospect of a 7% growth in 2018, hinged on the government's continuous rollout of its infrastructure program.Finance Secretary Carlos...
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ADB hopes design of Davao City's bus system out by 2019
DAVAO CITY, Philippines – A top official of the Asian Development Bank (ADB) in the Philippines hopes to finalize by 2019 the design of Davao City's dream plan to modernize its public transportation...
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Chinese, Korean tourists top Boracay arrivals
MANILA, Philippines – Facing closure threats and environmental woes, Boracay Island remained the destination of choice by Chinese and Korean travelers for the first two months this year. Based on data...
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PLDT formally gives Cure's 3G frequency for free
MANILA, Philippines – PLDT Incorporated formally gave up its surrendered 3G frequency at no cost to the government, paving the way for it to be allocated to a 3rd major telecommunications firm.PLDT...
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Victory Liner to launch Clark-Subic, Clark-Dagupan P2P routes
MANILA, Philippines – Bus company Victory Liner Incorporated is set to start point-to-point (P2P) services from the Clark International Airport in Pampanga to Subic Bay in Olongapo and Dagupan in...
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Conglomerates appeal for fast decision on NAIA proposals
MANILA, Philippines – Seven of the country's largest conglomerates are seeking the government's "urgent" decision on unsolicited proposals to develop and rehabilitate the dilapidated Ninoy Aquino...
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Record high again for foreign investments in Philippines
MANILA, Philippines – The Philippines again bagged a record number of investments from overseas in 2017, although the growth was substantially lower than in 2016.The amount of foreign direct...
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Ayala Corp net income up 16% in 2017
MANILA, Philippines – Ayala Corporation (AC), the holding firm of the Ayala Group, saw its bottom line rise by 16%, led by its property development and energy units.AC told the Philippine Stock...
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Batangas port unlikely site for international cruise hub
BATANGAS, Philippines – The Philippine Ports Authority (PPA) in Batangas feels the prospect of making the port a hub for international cruises is “not so good."Lawyer Leopoldo Biscocho, PPA Batangas...
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First NatGas to supply Meralco's 24/7 power
MANILA, Philippines – A wholly-owned subsidiary of First Gen Corporation will supply the Manila Electric Company (Meralco) with 414 megawatts (MW) of power capacity for P3.7 per kilowatt hour...
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Rappler lawyer cites loopholes in BIR's tax complaint
MANILA, Philippines – Rappler Holdings Corporation questioned the Bureau of Internal Revenue's (BIR) grounds for filing a criminal complaint against its two executives for allegedly evading P133.8...
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Chinese smartphone maker Xiaomi returns to Philippines
MANILA, Philippines – Back in 2015, upstart Chinese smartphone maker Xiaomi left the Philippines and reallocated its resources to a much bigger market: India. Today, it has returned to the Philippines...
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NEDA committee approves Mindanao flood control infra, Metro Manila bridges
MANILA, Philippines – The National Economic and Development Authority (NEDA) Board's Investment Coordination Committee-Cabinet Committee (ICC-CabCom) on Tuesday, March 13, announced the approval of...
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Martabak in Manila: Jokowi’s son to expand business in PH
DAVAO CITY, Philippines – The eldest son of Indonesian President Joko Widodo announced that his food business will soon serve Manila with martabak or Indonesian-style pancakes. “Targetnya tahun ini,...
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