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Government signs agreement to start public Wi-Fi project
MANILA, Philippine – The Department of Information and Communications Technology (DICT) on Friday, June 8, signed a tripartite agreement to start the national broadband project which aims to provide...
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Cebu Pacific to resume Manila-Busuanga flights on June 10
MANILA, Philippines – Cebu Pacific is scheduled to resume flights between Manila and Busuanga, Palawan on Sunday, June 10 – two days after an airport mishap there.On Saturday, June 9, flights to and...
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Consumer confidence improves in Q2 2018
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced that consumer confidence improved for the 2nd quarter of 2018, based on the results of its Q2 2018 Consumer Expectations Survey...
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Prosecutor general inhibits from Okada estafa complaints
MANILA, Philippines – Acting Prosecutor General Jorge Catalan Jr is inhibiting himself from the estafa complaints against Japanese tycoon Kazuo Okada, who is involved in a legal battle with his former...
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DOF criticized for 'misleading' inflation graph
MANILA, Philippines – Ex-Department of Finance (DOF) undersecretary Sunny Sevilla slammed his former agency for posting a "tone-deaf" and "misleading" graph showing inflation in the Philippines over...
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Bank schedules for June 12, Araw ng Kalayaan
MANILA, Philippines – Here is a list of the schedules of various banks for Tuesday, June 12, Araw ng Kalayaan. This list will be updated as banks announce their schedules.Security BankOnly Security...
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Bad weather stalls NFA rice distribution
MANILA, Philippines – While rice imports from Thailand and Vietnam have arrived in the country, bad weather has kept the National Food Authority (NFA) from distributing its fresh stocks to the local...
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Venezuela inflation hits 24,571% – lawmakers
CARACAS, Venezuela – Venezuela's sky-high inflation soared to 24,571% in the past 12 months, lawmakers said Monday, June 11.President Nicolas Maduro's socialist government controls most of the...
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OPEC sees 'considerable uncertainty' in oil market
PARIS, France – After months of sharp oil price rises there is now considerable uncertainty as to the market's direction for the rest of the year, the Organization of the Petroleum Exporting Countries...
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Toyota investing $1 billion in Grab
TOKYO, Japan (UPDATED) – Toyota said Wednesday, June 13, it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the...
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Philippine peso breaches P53 to $1 level, falls to 12-year low
MANILA, Philippines – The Philippine peso has breached the P53 to $1 level, falling to a 12-year low as markets anticipated the US Federal Reserve to announce another interest rate hike.The peso closed...
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Sugar rush prompts government to import
MANILA, Philippines – The government has approved the importation of around 200,000 metric tons (MT) of sugar amid the skyrocketing prices in the local market and increasing demand.The move comes after...
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Duterte wants ex-military to head anti-red tape agency
MANILA, Philippines – President Rodrigo Duterte wants a retired general to head a new Anti-Red Tape Agency (ARTA) to hasten processes in government and business transactions, Department of Trade and...
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British engine maker Rolls-Royce cuts 4,600 jobs
LONDON, United Kingdom – Rolls-Royce plans to axe 4,600 mainly British management roles by 2020 to further slash costs, the UK maker of plane engines announced on Thursday, June 14."Rolls-Royce...
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Trump prepares China tariff target list as confrontation escalates
WASHINGTON DC, USA – President Donald Trump on Friday, June 15, was due to unveil a final list of Chinese imports that would face punishing tariffs but it remained uncertain whether he would hold fire...
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Gov’t should explain 'alarming' peso fall – Robredo
MANILA, Philippines – Vice President Leni Robredo said the government should explain what she called the “alarming” fall of the Philippine peso to its lowest level in 12 years, to put to rest any...
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AT&T closes mega-merger with Time Warner
SAN FRANCISCO, USA – Wireless and broadband colossus AT&T on Thursday, June 14, announced the close of its $85 billion merger with media-entertainment conglomerate Time Warner.The news came just...
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Philippine external debt down to $73.2B in Q1 2018
MANILA, Philippines– The country’s outstanding external debt stood at $73.2 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday, June 14.The figure is around $609...
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Ombudsman again suspends ERC commissioners
MANILA, Philippines – The Office of the Ombudsman again suspended 4 commissioners of the Energy Regulatory Commission (ERC) due to "neglect of duty," for tolerating the alleged misuse of bill deposits...
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DOJ asked to reinvestigate Okada estafa complaint
MANILA, Philippines – The Department of Justice (DOJ) was asked to start a new investigation into the $10-million estafa complaint against Japanese tycoon Kazuo Okada.Tiger Resort Leisure &...
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