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DoubleDragon inks P4.97 B in deals for more SM Savemore supermarkets
MANILA, Philippines — DoubleDragon Properties Corporation (DoubleDragon), through subsidiary CityMall Commercial Centers Incorporated (CityMall), has signed a deal that will see more supermarkets...
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Villar group 'seriously looking at' telecoms, casino
MANILA, Philippines – The group of tycoon Manuel Villar is considering telecommunications and gaming as new ventures, and is eyeing potential partners for the planned diversification.Paolo Villar, the...
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LIST: Planned developments in Boracay
MANILA, Philippines – In the 1970s, German writer Jens Peter called Boracay "paradise on earth," spurring Western interest in the then little-known island. Decades later, in 2017, the most famous...
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Xi vows to further open China economy as U.S. trade spat simmers
BEIJING, China (UPDATED) – Chinese President Xi Jinping pledged on Tuesday, April 10, to lower car tariffs this year and take other steps to open the world's number two economy "wider and wider,"...
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Private landowners vow to protect endangered species in Boracay
MANILA, Philippines – When a building of Seven Seas Properties was found in one of Boracay's wetlands (areas saturated with water that serve as catch basin for rain), the environment department...
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Why Pagcor 'provisionally' approved Chinese firm's Boracay casino
MANILA, Philippines – The operator of a soon-to-be $500-million, 23-hectare integrated resort and casino in Boracay recently bagged a provisional license from the Philippines' gaming regulator, raising...
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New Greenhills mall coming in 2021
MANILA, Philippines – Property developer Ortigas & Company unveiled its P6.3-billion plan for a new mall in its Greenhills estate in San Juan City, which broke ground on Wednesday, April 11."This...
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LTFRB to Grab: Explain 'illegal' P2-per-minute travel charge
MANILA, Philippines (UPDATED) – The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show-cause order against Grab Philippines over its alleged "illegal" P2-per-minute travel...
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Scandal-hit Volkswagen set to name new CEO
BERLIN, Germany – German car giant Volkswagen is set to replace its chief executive Matthias Mueller Thursday, April 12, as it struggles to move on from the "dieselgate" emissions scandal that has...
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Cebu Pacific passes IATA safety audit
MANILA, Philippines – For the first time, Gokongwei-led Cebu Pacific passed the globally recognized safety audit of the International Air Transport Association (IATA)."Cebu Pacific has achieved full...
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Fridays Boracay resort counts cost of 6-month closure
MANILA, Philippines – The owner and operator of 4-star Fridays Boracay Beach Resort expects to forego millions of pesos in revenues and lay off most of its staff due to the impending 6-month closure of...
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Boracay closure to benefit Mindanao – airlines
DAVAO CITY, Philippines – The temporary closure of world-famous Boracay Island is expected to benefit Mindanao, as airlines affected by the government-ordered shutdown seek to showcase other tourism...
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Sycip, Alliance Select Foods Int’l directors face estafa charges
MANILA, Philippines – The justice department has recommended that an estafa case be filed against businessman George Sycip and the board of directors of Alliance Select Foods International, a tuna...
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World Bank expects stable 6.7% growth for PH in 2018, 2019
MANILA, Philippines – The World Bank Group expects the Philippine economy to continue growing at its current trajectory in the short-term, with strong public investment needed to raise that figure.The...
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PAL’s talks with 'strategic' investor moving forward
DAVAO CITY, Philippines – The country’s flag carrier, Philippine Airlines (PAL), said its talks with its prospective investor had move forward, and they would be disclosing the deal hopefully this...
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JG Summit's core profits dip slightly in 2017
MANILA, Philippines – JG Summit Incorporated (JG Summit), the holding firm of the Gokongwei Group, saw its bottom line remain relatively flat in 2017 as earnings from its petrochemicals unit offset the...
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Better air-conditioning at NAIA Terminal 3 as summer begins – gov't
MANILA, Philippines – The Manila International Airport Authority (MIAA) said it has improved the air-conditioning at the Ninoy Aquino International Airport (NAIA) Terminal 3, just in time for summer...
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With new fleet, PAL readies nonstop flights to New York, India
MANILA, Philippines – Philippine Airlines (PAL) will mount nonstop flights to New York and India as well as boost its operations in Davao, Cebu, and Clark in Pampanga, as the flag carrier expects the...
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CA again stops suspension of 4 ERC commissioners
MANILA, Philippines – The Court of Appeals (CA) on Friday, April 13, issued a preliminary injunction against the one-year suspension order covering all 4 Energy Regulatory Commission (ERC)...
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Philippine remittances growth slows down in February
MANILA, Philippines – Money sent home through banks by overseas Filipinos increased by 4.5% last February, the slowest growth registered in 3 months, data from the Bangko Sentral ng Pilipinas (BSP)...
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