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PH unemployment rate drops to record low 5.7%
MANILA, Philippines – More jobs in the services and industry sectors in October 2015 led to a decline in the country’s unemployment rate for the period, government data showed.The latest Labor Force...
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BSP eyes expanding e-payments by 2020
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is looking at raising the share of electronic payments in the country's total financial transactions.On Thursday, December 10, BSP Governor...
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GMA-7 rejects Pacquiao, Singson acquisition offers
MANILA, Philippines – GMA Network Incorporated turned down acquisition offers from "old and new" suitors, including boxing champ Emmanuel "Manny" Pacquiao and former Ilocos Sur Governor Luis "Chavit"...
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GMA-7 exceeds 2015 revenue, ratings target
MANILA, Philippines – GMA Network, Incorporated expects to close 2015 with more than P2-billion ($42.32-million) net income on the back of stronger airtime and advertising revenues.“We have adjusted...
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PH exports down again in October
MANILA, Philippines (UPDATED) – Philippine exports fell by 10.8% in October due to continued sluggish external demand, the National Economic and Development Authority (NEDA) reported on Thursday,...
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700 MHz band to aid smartphone penetration uptake – Ericsson
MANILA, Philippines – Smartphone subscription penetration is expected to reach around 70% for the Philippines in 2018, the latest edition of the Ericsson South East Asia and Oceania Mobility Report...
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Volkswagen says pollution cheating dates back to 2005
WOLFSBURG, Germany – Volkswagen said Thursday, December 10, the roots of its massive pollution-cheating scandal go back to 2005, and while the current situation was difficult, it would not break the...
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GSIS to distribute 2014 cash benefit Dec 15
MANILA, Philippines – State pension fund Government Service Insurance System (GSIS) will start distributing P848 million ($17.92 million) in 2014 cash benefits to 1.1 million members on Tuesday,...
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Foreign direct investments surge 123.4% in Sept
MANILA, Philippines – The amount of foreign direct investments (FDIs) flowing into the Philippines hit a new record high in September, the Bangko Sentral ng Pilipinas (BSP) reported Friday, December...
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AboitizPower unit taps P3.7B loan for solar energy project
MANILA, Philippines – San Carlos Sun Power Incorporated (SACASUN) has tapped BDO Unibank for P3.7 billion ($78.25 million) to finance its solar power project in Negros Occidental. SACASUN is the joint...
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Puregold allots P2.64B for 2016 capital expenditures
MANILA, Philippines – Puregold Price Club Incorporated, the country's second largest supermarket chain owned by billionaire Lucio Co, said it will spend P2.64 billion ($55.81 million) in capital...
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N. Mindanao MSMEs should get halal certification – DTI
CAGAYAN DE ORO, Philippines – Micro, small, and medium enterprises (MSMEs) should secure halal certification to be able to market their food products competitively once ASEAN economic integration...
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MVP group mulls connector road for CAVITEX, Manila North Harbor
MANILA, Philippines – The conglomerate of Manuel V. Pangilinan has discussed with the government the possibility of building a connector road that will link Manila North Harbor and Manila-Cavite...
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PH consumers' sentiment highest in 2 years – BSP
MANILA, Philippines – Filipino consumers are more upbeat in the fourth quarter of 2015, the Bangko Sentral ng Pillipinas (BSP) reported on Friday, December 11.The overall confidence index also hit its...
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Meralco in talks with SMDC, Megaworld for prepaid meters
MANILA, Philippines — The Manila Electric Company (Meralco) is in talks with property developers SM Development Corporation (SMDC) and Megaworld Corporation to use prepaid electricity meters in their...
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NGCP: Criminalize tree-planting beneath power lines in Mindanao
MANILA, Philippines — The National Grid Corporation of the Philippines (NGCP) has partnered with local government units (LGUs) in Mindanao to lobby for a provincial ordinance that will criminalize...
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Man facing perjury charges in Harbour Centre row
MANILA, Philippines – A man is facing charges for perjury and falsification of public documents after he claimed that he was the corporate secretary of Harbour Centre Port Terminal, Incorporated...
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Shell upgrades Batangas refinery for Euro IV standards
MANILA, Philippines – Pilipinas Shell Petroleum Corporation completed its upgrade of its refinery in Batangas in anticipation of the government’s planned adoption of new fuel standards.Shell Country...
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Puregold to focus on original store format
MANILA, Philippines (UPDATED) – The country's second largest supermarket chain Puregold Price Club Incorporated will focus on its original format and adopt e-commerce to streamline its operations in...
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Cancelled flights due to Typhoon Nona
MANILA, Philippines – Local airlines have cancelled flights Monday, December 14 as Typhoon Nona (international name: Melor) continues to threaten parts of Luzon, Visayas, and Mindanao.As of 8 am...
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