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Dennis Uy's Chelsea Logistics unveils PH's biggest oil tanker
MANILA, Philippines – Chelsea Logistics Holdings Corp. (CLC) is set to operate the Philippines’ biggest sea vessel and a new roll-on, roll-off (Roro) passenger ship.The listed company inaugurated on...
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Chavit Singson, Dennis Uy, to bid for 3rd telco
MANILA, Philippines – At least 6 companies formalized their bids before the National Telecommunications Commission (NTC) to compete for the slot of the country’s 3rd major telecommunications...
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U.S. duo William Nordhaus , Paul Romer win Nobel Economics Prize 2018
STOCKHOLM, Sweden – US economists William Nordhaus and Paul Romer on Monday shared the 2018 Nobel Economics Prize for integrating innovation and climate with economic growth, the jury said.Nordhaus, a...
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Senators' election plans bog down Trabaho bill – think tank
MANILA, Philippines – A think tank urged the passage of the Tax Reform for Attracting Better and High-quality Opportunities (Trabaho) bill, but feared that politicians vying for posts in the 2019...
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IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise
WASHINGTON DC, USA – An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and...
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3rd telco bidder sues NTC for 'money-making' requirements
MANILA, Philippines – NOW Corporation, one of the prospective bidders to be the 3rd telecommunications player in the Philippines, locked horns with the National Telecommunications Commission (NTC) over...
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DICT accuses NOW Telecom of delaying 3rd telco entry
MANILA, Philippines – Department of Information and Communications Technology (DICT) Acting Secretary Eliseo Rio slammed NOW Telecom for suing the National Telecommunications Commission (NTC), and even...
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What does 10,000,000% inflation look like? See Venezuela
WASHINGTON, USA – What does it look like to have inflation of 10 million percent? When something that cost $1 now costs $100,000, is there even a way to calculate the impact?After seeing prices surge...
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Top UK audit firm to monitor Grab pricing, service quality
MANILA, Philippines – The Philippine Competition Commission (PCC) has chosen UK-based audit firm Smith & Williamson to monitor ride-hailing giant Grab Philippines.Smith & Williamson will serve...
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Philippines revs up flagging green energy engine
BATANGAS, Philippines – Deep below the ancient volcanoes scattered around the Philippines sits a simmering stockpile of intense heat that officials hope will help revive the nation's sputtering green...
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China is top PH trade partner in August 2018
MANILA, Philippines – The warm ties between the Philippines and China were reflected in the latest trade data released by the Philippine Statistics Authority (PSA) on Wednesday, October 10.Total...
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Foreign direct investments soar in July 2018 despite economic tensions
MANILA, Philippines – Foreign direct investments (FDI) increased in July despite high inflation, a slowdown of economic growth, and short term capital flight.The Bangko Sentral ng Pilipinas reported on...
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Red October in Philippine stocks, bleed to 6,800
MANILA, Philippines – Philippine shares were in the red, feeling the onslaught of regional markets being sold down on higher volumes.The Philippine Stock Exchange index (PSEi) closed at 6,884.38 on...
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China Telecom, PT&T eye 3rd telco bid
MANILA, Philippines – The Chinese company which was earlier touted to be preferred by President Rodrigo Duterte to be the country's 3rd major telecommunications player formalized its intent to bid, the...
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Court junks NOW Telecom’s TRO petition vs 3rd telco bid requirements
MANILA, Philippines – The selection process for the country’s 3rd major telecommunications player will push through as scheduled, as the Department of Information and Communications Technology (DICT)...
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'Window of opportunity narrowing' on global growth – IMF
NUSA DUA, Indonesia – The window of opportunity to keep global growth on track is "narrowing" amid trade disputes and emerging markets crises, the IMF said Saturday, October 13, and cautioned against...
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Duterte to suspend fuel tax increase under TRAIN law
MANILA, Philippines (UPDATED) – President Rodrigo Duterte will suspend the second round of higher excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) law, in response to...
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Seeds of next global financial crisis being sown, top officials warn
NUSA DUA, Indonesia – Rising US interest rates, tanking emerging market currencies, and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to...
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Once mighty U.S. retailer Sears files for bankruptcy
WASHINGTON, DC, USA – Sears, the venerable US chain that once dominated the retail sector but had been in decline since the advent of the Amazon era, filed for bankruptcy on Monday, October 15, and...
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NOW Corp blames DICT's Rio for drop in shares, eyes charges
MANILA, Philippines – The messy spat between publicly-listed firm NOW Corporation and Information and Communications Technology Secretary Eliseo Rio Jr raged on, with the former leaning toward more...
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