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Agricultural output slows down in 1st quarter of 2018
MANILA, Philippines – Agricultural output growth slowed down to 1.47% in the first quarter of 2018, according to the latest report of the Philippine Statistics Authority (PSA).The figure is much lower...
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SM gets income boost from property, retail units
MANILA, Philippines – Listed SM Investments Corporation saw its consolidated net income rise by 10% to P8.5 billion in the 1st 3 months of 2018, from the P7.7 billion in the same quarter a year ago,...
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Jollibee to buy master franchise holder of Tim Ho Wan
MANILA, Philippines – Filipino fast-food giant Jollibee Foods Corporation (JFC) will invest up to S$45 million (P1.74 billion) in private equity fund Titan Dining LP to buy the master franchise holder...
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Philippine GDP grows by 6.8% in Q1 2018
MANILA, Philippines (4th UPDATE) – Strong government and household consumption drove the Philippine economy to grow by 6.8% in the 1st quarter of the year, despite a slower agricultural output, higher...
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Despite higher profit, PLDT chief unsatisfied: 'We can do better'
MANILA, Philippines – After 8 quarters of "monumental decline" in its wireless individual service revenue, PLDT Incorporated finally turned around in the first quarter of 2018. But its chairman and...
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Bangko Sentral ng Pilipinas hikes interest rates for first time since 2014
MANILA, Philippines – For the first time in over 3 years, the Bangko Sentral ng Pilipinas (BSP) lifted the benchmark interest rate to 3.25% in a bid to help the economy withstand rising inflation and...
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Flying to BIMP-EAGA? Travel tax waived for certain travelers
MANILA, Philippines – President Rodrigo Duterte renewed the travel tax exemption for travelers from Mindanao and Palawan who will fly to the regional grouping called BIMP-EAGA.BIMP-EAGA refers to the...
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Palawan town eyes 100,000 tourists in 2018 as San Vicente Airport opens
PALAWAN, Philippines – The emerging tourism town in San Vicente in northern Palawan expects to welcome 100,000 tourists in 2018 as its airport was finally inaugurated on Thursday, May 10. “San Vicente...
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DTI imposes price freeze on goods in Boracay
AKLAN, Philippines – The Department of Trade and Industry (DTI) has imposed a price freeze on basic commodities in 3 barangays of Boracay Island that are under a state of calamity.The automatic price...
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Foreign direct investments in PH continue to strengthen in February
MANILA, Philippines – Strong foreign direct investment (FDI) inflows into the country continued in February this year, surging by 46.4% to $573 million from $392 million in the same period last year,...
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Semirara sees slower income growth in 2018 over plant shutdowns
MANILA, Philippines – Semirara Mining and Power Corporation, a coal mining and power generating firm owned by the Consunji group, expects slower net income growth this year due to scheduled and...
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Planned deal between PLDT's Voyager, Tencent might not push through
MANILA, Philippines – PLDT Incorporated unit Voyager Innovations Incorporated will go solo for the meantime, as talks with Chinese internet giant Tencent Holdings Limited are not making any...
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Selection of new MRT3 maintenance provider moved to June
MANILA, Philippines – The government changed its target month for the selection of a new maintenance and rehabilitation provider for the Metro Rail Transit Line 3 (MRT3) from May to June, as signing a...
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PLDT not keen on joining Globe for independent cell tower firm
MANILA, Philippines – PLDT Incorporated is not interested in partnering with rival Globe Telecom Incorporated for the proposed independent company that would share, build, and deploy cellular towers...
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DoubleDragon opens 2018 with 349% jump in net income
MANILA, Philippines – DoubleDragon Properties Corporation saw its net income jump by 349% in the 1st 3 months of the year to P744.5 million, from P165.6 million in the same period a year ago, driven by...
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Philippines posts sharpest drop in remittances in 15 years
MANILA, Philippines – The amount of money sent home by overseas Filipinos plunged last March, seeing the sharpest decline since April 2003, due to the continued repatriation of Filipino workers from...
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SEC approves planned IPO of DM Wenceslao
MANILA, Philippines – The Securities and Exchange Commission (SEC) on Tuesday, May 15, approved the planned P15.5-billion initial public offering (IPO) of DM Wenceslao & Associates Incorporated...
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More jobs in a green economy – ILO report
MANILA, Philippines— Some 14 million new jobs could be generated in the Asia Pacific by 2030 if governments promote a greener economy, according to the latest findings of the International Labor...
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GMA to introduce 'cheaper, smaller' digital TV device in June
MANILA, Philippines – Broadcast giant GMA Network Incorporated is set to commercially launch a digital transmission device in June, which according to its chief is "cheaper and smaller" than that of...
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Cebu Pacific to expand footprint in Japan with new office
MANILA, Philippines – Cebu Pacific opened an office in Japan, as the budget airline continues to expand in Asia Pacific and boost its presence in the Japanese market.Located in Chuo-ku, Tokyo, the...
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