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NAIA Consortium wants to link airport to Metro Manila Subway, LRT1
MANILA, Philippines – All passenger terminals of the nation's busiest gateway, the Ninoy Aquino International Airport (NAIA), would be accessible via the planned Metro Manila Subway and the existing...
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BDO defends request to DOJ over tax cases in Cebu
MANILA, Philippines – BDO Unibank Incorporated, the Philippines' largest lender, denied allegations by Cebu City Mayor Tommy Osmeña that it bribed Justice Secretary Vitaliano Aguirre II.Osmeña had...
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Globe, Shakey's tie up for free calls for delivery, GCash payments
MANILA, Philippines – Globe Telecom Incorporated, along with its digital payments arm Mynt, partnered with Shakey's Pizza Asia Ventures Incorporated to streamline food orders and deliveries.The telco...
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NAIA ranks 10th on 'world's most improved airports' list
MANILA, Philippines – The Ninoy Aquino International Airport (NAIA) ranked 10th on a list of the "world's most improved airports" for 2018, released by London-based Skytrax.The Department of...
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36,000 jobs, P56 billion 'at stake' if Boracay closed for a year
MANILA, Philippines – Over 36,000 jobs would be affected and about P56 billion in revenues would be foregone should the administration of President Rodrigo Duterte decide to close the world-famous...
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PT&T eyes using TransCo's fiber optics for broadband network
MANILA, Philippines – Listed Philippine Telegraph and Telephone Corporation (PT&T), an aspiring 3rd major telecommunications player, is studying if it can use "dark fiber" optic cables in the...
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Trump suspends metal tariffs for key U.S. trade partners – White House
This is a developing story. Please refresh for updates.WASHINGTON DC, USA – US President Donald Trump on Thursday, March 22, authorized the suspension of controversial tariffs on steel and aluminum...
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Ayala Land boosts stake in Prime Orion, positions it as industrial estate arm
MANILA, Philippines — Ayala Land Incorporated (ALI) folded its stake in Laguna Technopark Incorporated (LTI) into Prime Orion Philippines Incorporated (POPI), in a move that boosts its stake in the...
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Robinsons Land, Shang Properties tie up for P10 B BGC project
MANILA, Philippines – Robinsons Land Corporation (RLC), the property arm of JG Summit Incorporated, and upscale developer Shang Properties Incorporated (SPI) have formed a joint venture to develop a...
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Gokongwei-led RRHI acquiring Rustan’s supermarket chain
MANILA, Philippines – Robinsons Retail Holdings Incorporated (RRHI), the retail holding firm of the Gokongwei family, is acquiring control of supermarket operator Rustan’s Supercenters, Incorporated...
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First direct Australia-Europe passenger service takes off
PERTH, Australia – The "Kangaroo Route" from Australia to Britain became a shorter hop on Saturday, March 24, when the first direct passenger service left Perth for London, with the 17-hour flight set...
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Gov't to lease retail, dining spaces at Metro Manila Subway stations
MANILA, Philippines – An underground shopping and dining experience will be part of the planned subway in Metro Manila.To help pay off the loan extended by the Japan International Cooperation Agency...
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Unpaid fees hound some 3rd telco aspirants
MANILA, Philippines (UPDATED) – Unpaid supervision and regulation fees hound a couple of companies aspiring to be the country's 3rd major telecommunications player, as the government plans to bar...
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Ride-hailing firm Grab buys Uber's Southeast Asia operations
SINGAPORE (3rd UPDATE) – Uber sold its Southeast Asian business to rival Grab on Monday, March 26, ending a bruising battle between the ride-hailing behemoths and marking the US firm's latest retreat...
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Uber drivers in Southeast Asia moving to Grab in 2 weeks
MANILA, Philippines (UPDATED) – In two weeks' time, all drivers of Uber in the Philippines and the rest of Southeast Asia will have to move to Grab, after the California-based company sold its...
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Megaworld net income up 13.4% to P13.3 billion in 2017
MANILA, Philippines – Andrew Tan-led developer Megaworld Corporation saw its bottom line rise in 2017 on strong residential sales.Megaworld reported a 2017 full-year net income of P13.3 billion,...
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LOOK: Newly designed Philippine coins
MANILA, Philippines – Newly designed Philippine coins are out.The Bangko Sentral ng Pilipinas (BSP) released the complete New Generation Currency (NGC) Coin Series on Monday, March 26. It features new...
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As Uber gives up Philippine operations to Grab, what now for commuters?
MANILA, Philippines – An economist warned that Filipino commuters could face higher fares and fewer incentives, after California-based Uber decided to sell its entire Southeast Asian business to its...
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Inflation concerns weaken consumer sentiment in Q1 2018
MANILA, Philippines – Higher prices of goods in the first few months of the year dampened consumer spirits, according to the Bangko Sentral ng Pilipinas (BSP).Consumer confidence weakened but remained...
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Resorts World Manila operator's 2017 income plunges over shooting incident
MANILA, Philippines – Travellers International Hotel Group Incorporated, the operator and developer of gaming and leisure complex Resorts World Manila, saw a 93% plunge in its net income in 2017, as it...
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