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U.S. judge temporarily blocks Xerox takeover by Fujifilm
NEW YORK, United States – A US judge late Friday, April 27, temporarily blocked the planned takeover of US photocopy maker Xerox by Japan's Fujifilm, saying the deal prioritized the interests of the...
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Metrobank net income up 5.3% in Q1 2018
MANILA, Philippines – Ty-led Metropolitan Bank & Trust Company (Metrobank) saw its net income rise in the first 3 months of the year, due to the sustained gains of its core businesses.Metrobank...
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Landbank offers Philippine Stock Exchange P472M for PDSHC stake
MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) took another step to control the bond market with an offer to purchase the stake of the Philippine Stock Exchange (PSE) in...
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U.S. Fed to hold fire amid rising market sensitivity
WASHINGTON, USA – Markets do not expect the United States Federal Reserve to raise interest rates this week, as policymakers take time to assess how much pressure is building in the world's largest...
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Pompee La Viña tapped to 'get more tourism investments'
MANILA, Philippines – Jose Gabriel "Pompee" La Viña has a fresh start at the Department of Tourism (DOT) as an undersecretary. But it was not what he initially asked for."I [had] actually asked for...
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LTFRB accredits ride-hailing company Micab
MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Monday, April 30, the accreditation of another ride-hailing company.LTFRB Board Member Aileen Lizada...
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URC net income slides further in Q1 2018
MANILA, Philippines – Gokongwei-led food manufacturer Universal Robina Corporation (URC) saw its recent slide in net income continue in the 1st quarter of 2018, as a weak peso and inflation took a toll...
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Employers' group to comply with Duterte EO despite 'reservations'
MANILA, Philippines – The Employers Confederation of the Philippines (ECOP) said it would comply with President Rodrigo Duterte's newly signed executive order (EO) that bans illegal contracting and...
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Smart warns of slow internet due to damaged undersea cable
MANILA, Philippines – Smart Communications said its subscribers may experience slow internet due to a damaged undersea cable link to Hong Kong.In an advisory posted on Facebook early Tuesday evening,...
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Grab: Only 35,000 drivers serve 600,000 bookings per day
MANILA, Philippines – Grab Philippines said it has an "undersupply" of vehicles to meet passenger demand, with only 35,000 drivers available for 600,000 bookings made per day.The number of drivers...
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AirAsia to give discounts for gov't staff on official domestic trips
MANILA, Philippines – Philippines AirAsia signed a deal with the Department of Budget and Management (DBM) to provide an 8% to 9% discount to government employees taking official domestic trips.AirAsia...
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Bangko Sentral shuts down rural bank in Misamis Oriental
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) shut down a rural bank in Misamis Oriental, the 3rd to be ordered closed this year.As the central bank continues to weed out problematic...
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Rising gas, food prices seen to push PH inflation faster
MANILA, Philippines – Consumers will continue feeling the pinch at grocery stores and gasoline stations in April, as the inflation rate during the month is expected to be higher than the 5-year-high...
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Agriculture department reports 94.6% use of 2017 budget
MANILA, Philippines – The Department of Agriculture spent 94.6% of its P45.9-billion budget for 2017, Agriculture Secretary Manny Piñol said.Piñol said in a Facebook post on Thursday, May 3, that the...
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Amid high inflation, Bangko Sentral ready to raise interest rates 'if needed'
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is ready to raise benchmark interest rates should there be a need to offset the impact of faster increases in prices of basic goods and...
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SM City Urdaneta Central opens in Pangasinan on May 4
MANILA, Philippines – Listed SM Prime Holdings Incorporated, the real estate unit of the Sy family, is opening its second mall in the province of Pangasinan.SM Prime announced in a statement on...
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Aboitiz Equity Ventures net income up by 3% in Q1 2018
MANILA, Philippines – Aboitiz Equity Ventures Incorporated (AEV), the holding firm of the Aboitiz Group, saw a slight increase in its net income for the January to March period due to lower one-off...
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ADB vows to fund more Mindanao projects
MANILA, Philippines – Inside the high-profile 51st Asian Development Bank (ADB) Annual Meeting, its president Takehiko Nakao vowed to help fund more infrastructure and developmental projects in...
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Asian Terminals sets P8-billion port expansion program
MANILA, Philippines – Listed Asian Terminals Incorporated (ATI), the operator of the Manila South Harbor and the Batangas Container Terminal, is planning a multibillion-peso expansion program as the...
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Philippine inflation rises to 4.5% in April 2018
MANILA, Philippines – Inflation, or the movement of prices of basic goods and services, rose to another 5-year high in April 2018.The Philippine Statistics Authority (PSA) announced on Friday, May 4,...
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