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PH Competition Commission begins review of Grab-Uber merger
MANILA, Philippines – The Philippine Competition Commission (PCC) is looking into the merger between Uber and Grab, after expressing concern that it would lead to "a virtual monopoly in the...
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U.S. identifies $50 billion in Chinese imports facing tariffs
WASHINGTON DC, USA – US officials published Tuesday, April 3, a list of $50 billion in Chinese imports set to be targeted by US tariffs, the latest move in President Donald Trump's simmering trade...
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Uber drivers' transition to Grab pushes through amid PCC review
MANILA, Philiippines – The review being conducted by the country's antitrust watchdog will not stop the full transition of Uber Philippines' drivers to Grab's platform by Sunday, April 8.Grab...
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Jollibee stocks suffer after DOLE order to regularize over 6,000 workers
MANILA, Philippines – Shares in Jollibee Foods Corporation (JFC) fell sharply, after the Department of Labor and Employment (DOLE) ordered the fast-food giant to regularize 6,482 workers.Jollibee...
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#AskTheTaxWhiz: ITR filing deadline in April 2018 and more
Will the deadline for filing the annual income tax return (ITR) for taxable year 2017 be moved?The deadline for ITR filing is every April 15 following the close of a taxable year. But since April 15,...
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Century Tuna maker's net income drops 4% to P2.55 billion in 2017
MANILA, Philippines – Po family-led Century Pacific Food Incorporated, the firm behind Century Tuna, saw its bottom line drop in 2017 due to higher prices for raw materials.In a disclosure to the...
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Cebu Pacific to cancel flights during 6-month Boracay closure
MANILA, Philippines – Cebu Pacific will cancel its flights to and from Caticlan and Kalibo over the 6-month period that Boracay Island, the world-famous tourist destination, will be closed. The...
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Philippine inflation continues to rise at 4.3% in March
MANILA, Philippines – Inflation, or the movement of prices of basic goods and services, continued to rise to 4.3% in March, as the tax reform law jacked up the costs of food and oil in the country.The...
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PCC asks Uber, Grab to continue separate operations beyond April 8
MANILA, Philippines – The country's antitrust watchdog, the Philippine Competition Commission (PCC), has asked Uber and Grab to continue using their own platforms beyond Sunday, April 8, in order not...
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Filinvest to build $200-million casino-hotel complex in Clark
MANILA, Philippines – Gotianun-led Filinvest Development Corporation (FDC) announced it has secured the right to build a casino in its Mimosa+ Leisure City development at the Clark Economic Zone (CEZ)...
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Bank schedules for April 9, Araw ng Kagitingan
MANILA, Philippines – Here is a list of the schedules of various banks for the long weekend ending on Monday, April 9, Araw ng Kagitingan. This list will be updated as banks announce their...
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Alliance Global net income for 2017 stalls on Resorts World attack
MANILA, Philippines – Tycoon Andrew Tan's holding firm, Alliance Global Incorporated (AGI), saw its net income fall slightly in 2017 as gains from property development and fast-food operations were...
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Davao chocolate boards AirAsia's in-flight meals
DAVAO CITY, Philippines – Davao City's renowned chocolate brand will give flavor to a new AirAsia Philippines in-flight meal – an addition to the carrier's Asian menu.On Thursday, April 5, AirAsia...
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AirAsia urges Duterte to shorten Boracay closure period
DAVAO CITY, Philippines – The Philippine affiliate of low-cost carrier AirAsia urged President Rodrigo Duterte to shorten the period of Boracay's closure of Boracay, with two of its routes heavily...
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With Boracay closure, airlines and hotels scramble for ‘interim plans’
MANILA, Philippines – Hundreds of hotels and the country’s 3 major airlines have begun counting the cost of President Rodrigo Duterte's decision to temporarily close Boracay Island, the Philippines’...
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AirAsia Philippines to cancel flights during 6-month Boracay closure
MANILA, Philippines – AirAsia Philippines will cancel its flights to and from Caticlan and Kalibo over the 6-month period that Boracay Island, the world-famous tourist destination, will be closed.The...
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PCC releases interim measures pending review of Grab-Uber deal
MANILA, Philippines – The Philippine Competition Commission (PCC) on Saturday, April 7, released interim measures that seek to protect the riding public and drivers of Grab and Uber as the country’s...
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BOC files smuggling charges vs 2 ATI officials, importers
MANILA, Philipines – The Bureau of Customs (BOC) announced on Saturday, April 7, that it has filed smuggling charges against two officials of a Manila port operator, and several importers and customs...
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World Bank recommends free trade zone in Basilan, Sulu, Tawi-Tawi area
DAVAO CITY, Philippines – The World Bank recommended the creation of a free trade zone in the Basilan, Sulu, and Tawi-Tawi (Basulta) area, which can pave the way for prosperity there.This was among the...
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PAL to suspend Kuwait flights starting May 16
MANILA, Philippines – Philippine Airlines (PAL) will suspend flights to and from Kuwait starting May 16, citing low demand.On its Facebook page, PAL said "the ongoing slowdown in OFW (overseas Filipino...
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