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PH gov't to spend P6.5B to upgrade provincial roads in 2016
MANILA, Philippines — The government will spend P6.5 billion ($138.71 million) for the rehabilitation and upgrading of provincial roads in 73 provinces in 2016, the Department of Budget and Management...
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3 surefire ways to get into the savings habit in 2016
MANILA, Philippines – The start of the year is an inspirational time to change and begin new habits, helping you become that better version of yourself.Saving money is one of the common New Year’s...
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Singapore GDP growth drops to 2.1% in 2015
SINGAPORE – Singapore's trade-dependent economy grew by an estimated 2.1% in 2015, its worst performance since the 2009 recession, as global demand for Asian exports slumped, official data showed...
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Asia stocks, currencies sink, oil surges on Mideast woes
HONG KONG – Asian stock markets tumbled while safe haven assets and oil prices jumped Monday, January 4, in the first full day's trade of 2016 as a flare-up in tensions between Iran and Saudi Arabia...
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'NIA, not Aboitiz, to blame for Cagayan Valley floods'
CAGAYAN VALLEY, Philippines – A Cagayan priest now plans to go after the National Irrigation Administration (NIA), after he initially studied the possibility of suing SN Aboitiz Power Group for the...
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Cirtek Holdings hires banker Dispo, Silicon Valley pioneer Banatao
MANILA, Philippines — Cirtek Holdings Philippines Corporation on Monday, January 4, announced that it hired investment banker Roberto Juanchito Dispo as president and vice chairman and Filipino...
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Landbank offers P3.8B in loans to farmers, fishermen
MANILA, Philippines — State-owned Land Bank of the Philippines (Landbank) is offering P3.8 billion ($80.67 million) worth of loans to farmers and fishermen under various programs of the Aquino...
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PSE named 2015 best stock exchange in Southeast Asia
MANILA, Philippines — The Philippine Stock Exchange, Incorporated (PSE) was named the Best Stock Exchange in Southeast Asia for 2015 in the Marquee Awards of the 9th Alpha Southeast Asia Deal &...
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December inflation seen to hit 1.5%
MANILA, Philippines — The Department of Finance (DOF) said that the country's inflation could have reached 1.5% in December, as it normalizes from the dampening impact of oil prices.The DOF's outlook...
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New trade chief Cristobal: DTI will work 'beyond administrations'
MANILA, Philippines — With 6 months left in the current administration and the elections just around the corner, the Department of Trade and Industry (DTI) welcomes 2016 with a new secretary: Adrian...
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The winning investments of 2015
MANILA, Philippines – The year 2015 saw mixed reactions in investments.Generally, the first trimester saw optimism for the year, with the stock market seeing historic highs to as much as 8,100 levels,...
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PH peso to weaken P48.80:$1 in 2016 – ING Bank
MANILA, Philippines – Dutch financial giant ING Bank sees the Philippine peso weakening further this new year due to the normalization of interest rates in the US and the economic slowdown in China....
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PH 2015 inflation settles at 1.4%
MANILA, Philippines – The country's inflation or the rate at which the prices of goods and services rise settled at 1.4% in 2015, the National Economic and Development Authority (NEDA) reported...
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Manny Pangilinan group bags P28B Cebu toll bridge contract
MANILA, Philippines – The tollways group led by Manuel "Manny" V. Pangilinan has bagged the P27.9-billion ($594.68-million) contract to finance, build, operate, and maintain a toll bridge that will...
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LTFRB sets final projects for Aquino's term
MANILA, Philippines – More premium point-to-point buses, newer public utility jeepneys, an upgraded information technology (IT) system for road transport, and the implementation of premium taxis will...
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BSP expands scope of micro-banking offices
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has expanded the scope of allowable activities in micro-banking offices to boost further financial inclusion in the country.Under the new...
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Malaysia Airlines limits baggage allowance, baffling analysts
KUALA LUMPUR, Malaysia – Malaysia Airlines on Tuesday announced immediate restrictions on check-in luggage for some Europe-bound flights, citing strong headwinds, a move that left aviation analysts...
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Your 2016 investment guide
MANILA, Philippines – The year 2016 will be another turning point for the Philippines since a new president will be installed in June.The new president is seen as fortunate to inherit a buoyant...
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Megawide group completes 1st school PPP deal
MANILA, Philippines – The group of Megawide Construction Corporation has completed what it regarded as its most logistically intensive infrastructure project to date: The Department of Education’s...
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Singapore Airlines adds flights, launches new destination
MANILA, Philippines – Singapore Airlines (SIA) announced Wednesday, January 6, that it will add a sixth daily flight from Singapore to Bangkok in March, up from 5 daily flights.The sixth daily Bangkok...
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