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LTFRB suspends Grab’s P2-per-minute travel charge
MANILA, Philippines (UPDATED) – The Land Transportation Franchising and Regulatory Board (LTFRB) has ordered Grab Philippines to suspend its P2-per-minute travel charge.In a text message, LTFRB...
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Taxes on sugary drinks hurt sari-sari stores – survey
MANILA, Philippines – Mom-and-pop variety stores, known to Filipinos as sari-sari stores, suffered a faster decline in sales of sugar-sweetened drinks due to the new tax reform law, February 2018 data...
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Grab to appeal LTFRB suspension of P2-per-minute travel charge
MANILA, Philippines – Grab Philippines on Thursday, April 19, said it will file a motion for reconsideration on the government's decision to suspend its P2-per-minute charge.In a statement on Thursday,...
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Globe seeks new revenues from eSports
MANILA, Philippines – Ayala-led Globe Telecom has moved into eSports with the launch of its new Globe Gaming division, which it plans to boost gradually as a potentially rich source of revenues.Similar...
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BPI expects to benefit from higher interest rates, tax reform, infra buildup
MANILA, Philippines – The Bank of the Philippine Islands (BPI) expects to benefit from the country's sustained economic growth, higher interest rates, lower reserve requirement ratio, the tax reform...
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DENR gives 75 business owners in Coron a month to remove illegal structures
PALAWAN, Philippines – The Department of Environment and Natural Resources (DENR) on Thursday, April 19, started serving eviction notices to 75 business owners in Coron town, and gave them 30 days to...
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BPI to rebuild its headquarters in Makati
MANILA, Philippines – The Bank of the Philippine Islands (BPI) is planning to demolish its 39-year-old headquarters in Makati City to rebuild a larger space for its bigger manpower.On the sidelines of...
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Dalian confident Chinese trains for MRT will pass weight test
MANILA, Philippines – Managers of China-based Dalian said on Thursday, April 19, they are “confident” their trains will pass the audit conducted by German-based TUV Rheinland, and are fit for Metro...
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Philippine inflation rate averages 3.8% for Q1 2018
MANILA, Philippines (3rd UPDATE) – Inflation, or the movement of prices of basic goods and services, hit its highest quarterly average since 2014 as the tax reform law, higher oil prices, a weaker...
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Grab appeals suspension of P2-per-minute charge
MANILA, Philippines – Grab Philippines on Friday, April 20, filed a motion for reconsideration after the Land Transportation Franchising and Regulatory Board (LTFRB) ordered the ride-hailing company to...
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BDO net income up 1.2% to P5.9 B in Q1 2018
MANILA, Philippines – Sy family-led BDO Unibank Incorporated (BDO) saw its Q1 bottom line remain steady as it projects 10% growth this year.In a statement following its annual stockholders meeting on...
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LTFRB restores Grab's 2x price surge cap
MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) on Friday, April 20, approved Grab Philippines' petition to restore its surge cap to two times from 1.5 times the...
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LTFRB approves 4th ride-hailing company Go Lag
MANILA, Philippines – Filipinos have another ride-hailing company to choose from, after the Land Transportation Franchising and Regulatory Board (LTFRB) approved the accreditation of Go Lag...
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NFA set to import 250,000 MT tons of rice in May
MANILA, Philippines— National Food Authority (NFA) said the planned government-to government (G2G) importation of 250,000 metric tons (MT) of cheap rice to serve as buffer stock is expected to...
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Indonesia's Go-Jek eyes Philippine ride-hailing market
MANILA, Philippines – Indonesia-based Go-Jek and two more local firms are interested to enter the Philippine ride-hailing market, a few weeks after California-based Uber left the country.Confirming a...
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Globe works to make GCash compatible with Alipay
MANILA, Philippines – Globe Telecom's fintech arm, Globe Fintech Innovations Incorporated or Mynt, launched an initiative to allow payments on its GCash digital wallet to be seamlessly compatible with...
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Meralco a step closer to bagging Ghana power deal
MANILA, Philippines – Manila Electric Company (Meralco), the Philippines' largest power distributor, is one step closer to operating and managing a public electricity distributor in Ghana, after the...
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Zamboanga International Airport runway closed temporarily due to stalled plane
MANILA, Philippines – A Cebu Pacific airplane on Monday, April 23, was forced to deplane its passengers from the the Zamboanga International Airport runway after it stopped there due to a steering...
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Grab sanctions nearly 500 drivers for excessive ride cancellation
MANILA, Philippines – Nearly 500 drivers of Grab Philippines were sanctioned last week, after an internal probe into mounting complaints of canceled ride bookings.Grab Philippines country head Brian Cu...
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At least 25% of jobs in Southeast Asia may be automated in next 2 decades – ILO
MANILA, Philippines – At least 25% of jobs in Southeast Asia may be automated in the next two decades, according to the International Labour Organization (ILO).ILO reported that workers in low-skilled,...
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