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WESM operator submits 2016, 2017 budgets to ERC
MANILA, Philippines – The Philippine Electricity Market Corporation (PEMC) is asking the Energy Regulatory Commission (ERC) to approve its proposed budgets of P1.067 billion ($22.74 million) for 2016...
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MVP raises concerns over Batangas-Manila LNG pipeline
MANILA, Philippines – Manila Electric Company (Meralco) chairman Manuel V. Pangilinan reiterated the need for a government study concerning a planned 105-kilometer gas pipeline that will that run from...
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AirAsia one-centavo seat sale returns
MANILA, Philippines – AirAsia Philippines’ one-centavo seat sale returns with promo seats up for grabs for domestic and international destinations.The promotional seats are available for booking from...
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6 questions for Under Armour CEO Kevin Plank
MANILA, Philippines – Behind the sports brand that carries the name of Stephen "Steph" Curry– Golden State Warrior, jersey no. 30, the reigning Most Valuable Player of the National Basketball...
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Meralco rates drop in September
MANILA, Philippines – September power rates dropped by P0.57 per kilowatt hour (kWh) due to a lower generation charge last month.The Manila Electric Company (Meralco) said Monday, September 7, that...
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Sustaining growth: PH can learn from APEC economies
CEBU CITY, Philippines – The Philippines' socio-economic planning secretary said Monday, September 7, that structural reform is crucial for the country to maintain its growth momentum, as delegates...
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LBC Bank execs face 3rd syndicated estafa charges
MANILA, Philippines – State-run Philippine Deposit Insurance Corporation (PDIC) has filed another set of syndicated estafa charges against owners and officials of the closed Araneta-led LBC Development...
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Megaworld to build P30B township in Pampanga
MANILA, Philippines – Megaworld Corporation, the property arm of billionaire Andrew Tan, said it will spend P30 billion ($637.89 million) to develop a 35.6-hectare prime property beside the provincial...
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MRT3 prototype train car not ready for testing until December
MANILA, Philippines (UPDATED) – Senator Grace Poe found out that the initial Metro Rail Transit line 3 (MRT3) prototype train car does not have an engine yet.In her inspection of the MRT3 prototype...
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NAIA1 rehab to be completed end-September
MANILA, Philippines – The P1.3-billion ($27.70-million) rehabilitation of the country’s oldest airport terminal – the Ninoy Aquino International Airport Terminal 1 (NAIA1) – will be ready before the...
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Aquino economic legacy: 'Why fix something if it ain't broke?'
MANILA, Philippines – President Benigno Aquino III expressed confidence that the economic reforms that his administration introduced will endure beyond his term.In a Philippine Daily Inquirer forum on...
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APEC members create coalition to join ‘services revolution’
CEBU CITY, Philippines – A United Nations (UN) official said on Tuesday, September 8, that the world is in the midst of a services revolution and the prospects for job growth are greater in this than...
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PH peso breaches P47:$1, recovers to P46.93
MANILA, Philippines – The Philippine peso breached the P47 to $1 level Tuesday, September 8, on expectations of an interest rate hike by the US Federal Reserve.The peso opened at P47 to $1 during...
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MPIC aims to start Cavite-Laguna expressway construction by 2017
MANILA, Philippines —A unit of conglomerate Metro Pacific Investments Corporation (MPIC) targets to start building the P35.42-billion ($756.20-million) Cavite-Laguna Expressway (CALAX) by 2017, should...
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DOTC to expedite testing of MRT3 prototype train car
MANILA, Philippines – The Department of Transportation and Communications (DOTC) and the Metro Rail Transit line 3 project team will head to Dalian in China next week to meet with the German suppliers...
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Unemployment rate down to 6.5% in July
MANILA, Philippines – The country's unemployment rate eased to 6.5% in July 2015, from 6.7% in July 2014, the Philippine Statistics Authority (PSA) reported on Wednesday, September 9.“The favorable...
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APEC ministers unveil new plan for sustainable, inclusive growth
CEBU CITY, Philippines – Asia-Pacific Economic Cooperation (APEC) ministers have unveiled a new plan that sharpens the region’s focus on reforms to achieve inclusive growth, with an emphasis on...
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PH economy entering a 'new normal' - analyst
MANILA, Philippines — The Philippines is likely to have a "new normal" of economic growth slower than the pace that made the country Asia's economic star in the past years, a global markets veteran...
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PH small businesses lure cloud computing giants
MANILA, Philippines – Global tech giants like Microsoft and Amazon have zeroed in on the Philippines, particularly in its small to medium enterprises (SMEs) and startups, as a global hotspot for future...
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Murdoch's Fox buys National Geographic media unit
WASHINGTON, DC, USA –The National Geographic Society announced Wednesday, September 9, it was selling its media operations, including its iconic magazine and cable television channels, to a joint...
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