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Senate approves bill granting gov't support for 'innovative' startups
MANILA, Philippines – The Senate on Wednesday, May 17, approved the bill that aims to give entrepreneurs a better chance of succeeding by providing them with subsidies and assistance.Voting 18-0,...
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Despite regional challenges, AirAsia pushes IPO of Philippine unit
PAMPANGA, Philippines – The local unit of AirAsia Group Berhad, Southeast Asia’s biggest budget airline, will move forward with its planned initial public offering (IPO) by the end of the year despite...
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SM City Telabastagan opens in Pampanga on May 18
MANILA, Philippines – SM Prime Holdings Incorporated, the country's largest mall operator and developer, is set to open on Friday, May 18, its 4th shopping mall in Pampanga.SM Prime on Thursday, May...
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BSP to demonetize commemorative coins from 1974 to 1994
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Friday, May 18, announced that the commemorative coins issued on various dates from 1974 to 1994 would be demonetized.BSP said the...
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DOTr exec accuses 'higher ups' of derailing Mindanao Railway project
MANILA, Philippines – Transportation Assistant Secretary Mark Tolentino accused other officials in the Department of Transportation (DOTr) of "derailing" the Mindanao Railway project.In a press...
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PH hot money net inflows hit $279M in April
MANILA, Philippines – Foreign portfolio investments continued to flow into the country on the back of the Philippines' sound macroeconomic fundamentals, the Bangko Sentral ng Pilipinas (BSP) reported...
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AirAsia celebrates half a billion passengers with P1-seat sale
MANILA, Philippines – AirAsia is having a piso sale, just in time to celebrate their 500 million passengers flown.The booking period for the sale is from May 21 to 27, for flights between November 1,...
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Japan's new 'Airbnb law': a double-edged sword
TOKYO, Japan – Rental platforms like Airbnb are hoping for a boost from a new law coming into force next month in Japan ahead of an expected surge in demand for the 2020 Olympics, but experts warn it...
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At least 7 groups vie for 25-year deal to operate, maintain Clark airport
MANILA, Philippines – Some of the big local conglomerates that had bid for the country's first airport deal under the public-private partnership (PPP) program could square off once more for the 25-year...
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Marawi rehabilitation won't repeat Typhoon Yolanda mistakes – NEDA
MANILA, Philippines – National Economic and Development Authority (NEDA) Secretary Ernesto Pernia said the rehabilitation program in war-torn Marawi City will not suffer the fate of areas destroyed by...
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Emperador bullish on international business
MANILA, Philippines – Emperador Incorporated, the liquor arm of business tycoon Andrew Tan, expects its international liquor business to boost its revenues in the next few years, after its series of...
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Philippines misses most of 2017 labor targets
MANILA, Philippines – The Philippines improved in addressing unemployment and low work force participation in women in 2017, but this was not enough to breach desirable territory.In a press briefing on...
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DOT sets cruise, drive tourism circuits to lure visitors to Western Visayas
AKLAN, Philippines – The Department of Tourism (DOT) regional office is optimistic it could recover the significant slump in tourist arrivals amid the impact of the temporary closure of the island...
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Higher electricity bills for Filipino consumers starting June
MANILA, Philippines – Consumers face higher electricity bills starting June, after the energy regulator approved a hike in the feed-in-tariff allowance (FIT-All) rate, which is meant to cover payments...
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LRT1 operator eyes P5 to P7-fare hike
MANILA, Philippines – The operator of Light Rail Transit Line 1 (LRT1) is eyeing a fare hike ranging from P5 to P7.Light Rail Manila Corporation (LRMC) Chief Executive Officer Juan Alfonso said in a...
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Lower rice prices starting June – NFA
MANILA, Philippines— The National Food Authority (NFA) assured consumers that rice prices will drop starting June, as 250,000 metric tons (MT) of rice from Vietnam and Thailand are expected to arrive...
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NAIA Consortium shortens period, lowers cost for airport rehab proposal
MANILA, Philippines – A consortium made up of 7 of the country's top conglomerates revised its proposal to rehabilitate the dilapidated Ninoy Aquino International Airport (NAIA), bringing down the...
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Masbate bans coal-fired energy projects
MANILA, Philippines – Masbate, one of the oldest settlements in the Philippines, is no longer allowing the use of coal as a source of energy in a bid to limit its carbon output.Masbate issued...
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Gov't underspending leads to narrower budget deficit as of April
MANILA, Philippines – The Philippines narrowed its budget deficit in the 1st 4 months of the year to P115.9 billion, after it posted a budget surplus in April alone, signaling that the government has...
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Parañaque prosecutor asked to inhibit from Okada estafa complaint
MANILA, Philippines – A Parañaque City prosecutor was asked to inhibit himself from the estafa complaint involving Kazuo Okada, for alleged bias toward the Japanese magnate.Tiger Resort Leisure &...
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