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New coal plants would tip Earth to dangerous warming – report
LE BOURGET, France – While scientists agree humanity needs to phase out coal within 35 years, thousands of new plants are being planned that would doom hopes of keeping global warming to safer levels,...
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Aquino EO: Insurance Commission to oversee health maintenance orgs
MANILA, Philippines – President Benigno Aquino III has signed an executive order transferring the regulation and supervision over health maintenance organizations (HMOs) to the Insurance Commission...
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Aquino, EU firms meet for business opportunities in PH
MANILA, Philippines – President Benigno Aquino III met on Tuesday, December 1 with officials of several European companies looking to start operations or expand their presence in the Philippines.Aquino...
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BSP eyes increasing yuan investments
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is eyeing to increase its Chinese yuan holdings following the decision of the International Monetary Fund (IMF) to admit the yuan into its...
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MPIC borrows P16.5B to fund project
MANILA, Philippines — Metro Pacific Investments Corporation (MPIC) has borrowed P16.5 billion ($349.72 million) from two local banks to finance several projects and corporate investments.MPIC told the...
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Customs brokers press Ombudsman on case vs DOF, BIR, ex-BOC chiefs
MANILA, Philippines – Customs brokers are urging the Office of the Ombudsman to rule on graft and misconduct charges against Finance Secretary Cesar Purisima, Internal Revenue Commissioner Kim Henares,...
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Max's Restaurant to open 3 branches in California
MANILA, Philippines – Local restaurant chain operator of Max's Restaurant will build at least 3 more branches in San Diego, California, US.Max’s Group, Incorporated told the Philippine Stock Exchange...
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Sun Life Financial increases stake in India's Birla Sun Life Insurance
MANILA, Philippines — Sun Life Financial, Incorporated will invest ₹16.64 billion ($20.81 million) to increase its stake in Birla Sun Life Insurance Company Limited and tap into India's strong growth...
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Security firm reveals cyber threats to look out for in 2016
MANILA, Philippines – Highly vulnerable Internet-enabled devices, dubbed the Internet of Things (IoT), and cloud computing tops cyber security officials' worries for next year.Global cyber security...
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PH, Italy discuss trade boost via EU's zero-tariff scheme
MANILA, Philippines – The Philippines and Italy raised the possibility of increasing trade and investment, with Manila becoming a possible manufacturing base for export to the European Union (EU) under...
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ADB trims 2015 PH growth forecast to 5.9%
MANILA, Philippines – The Asian Development Bank (ADB) trimmed its growth forecast for the Philippines this year to 5.9% from the previous 6% to reflect lower-than-expected growth in the third...
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No Uber, GrabCar applications for 20 days – court
MANILA, Philippines (3rd UPDATE) – A Quezon City court on Friday, December 4 ordered the government to stop accepting Uber and GrabCar applications for 20 days.This was after the Land Transportation...
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House panel OKs tax break for first-time home buyers
MANILA, Philippines – Planning to settle into your own house?The dream to have a home may be soon be easier to achieve after a House panel approved tax relief provisions in a proposed measure seeking...
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DOE urges more investments from private sector
MANILA, Philippines – The Department of Energy is urging the private sector to continue investing in the power industry.More power generation capacity is needed by 2017 and 2018, particularly in Luzon...
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Business sentiment hits 2-year high – BSP
MANILA, Philippines – Business sentiment hit a 2-year high in the fourth quarter of 2015, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, December 4.The business sentiment for the quarter...
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Inflation kicks up to 1.1% in November
MANILA, Philippines — Inflation kicked up to 1.1% in November from a record low of 0.4% in October due to a sharp increase in food prices, data released by the Philippine Statistics Authority (PSA)...
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Philippines to be $1-trillion economy by 2030
MANILA, Philippines — The Philippines will be the only sovereign entity in Asia with improving credit prospects, making it a $1-trillion economy by 2030, Washington-based analytics firm IHS Global...
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Next PH president should brighten up the future – Ayala chief
MANILA, Philippines – The country's next president should be someone who makes Filipinos feel good about the future, said the chairman and CEO of Ayala Corporation, the largest and oldest conglomerate...
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PH business groups support RBH1 to ease foreign restrictions
MANILA, Philippines – A month before the official election period kicks in, the country's largest business groups have joined foreign chambers of commerce in a final push for Congress to pass a legal...
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DOE gets 27% discount on 3,000 e-trikes
MANILA, Philippines – The only bidder for the supply and delivery of 3,000 electric-powered tricycles (E-trikes) to the government has agreed to lower the price for the contract although the Department...
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