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A long, winding road for better Metro Manila transport
MANILA, Philippines — Year 2015 has been rough for commuters in Metro Manila: frequent technical glitches at the busiest mass railway transit line, pending toll hike for most major expressways,...
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New 300-MW power plant in Mindanao 'not enough'
DAVAO CITY, Philippines — The newly-inaugurated 300-megawatt (MW) coal power plant in Davao City will only be sufficient for 2016, Davao Lights and Power Company CEO Art Millan said on Friday, January...
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Meralco lays out wish list for next PH president
MANILA, Philippines — Allowing the Manila Electric Company (Meralco) and other private firms to invest in more power plants and other critical infrastructure is on the top of the firm’s wish list for...
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Why revive the Bataan Nuclear Power Plant?
BATAAN, Philippines – Public decision could seal the fate of the old and dormant Bataan Nuclear Power Plant (BNPP), but first, the state would have to lay the options down clearly.In December 2015,...
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Downtrend for PH stocks in 2016
MANILA, Philippines – As 2016 trading year comes into full swing, we see a lot of things different in the market from where we were a year ago.Last year, the Philippine Stock Exchange Index (PSEi)...
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January to November tax collections improve – gov't
MANILA, Philippines – The country’s tax efforts in the first 11 months of 2015 improved due to administration improvements, the Department of Finance (DOF) said in its latest Economic Bulletin.The...
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P32/kWh price ceiling on power trade permanent – WESM
MANILA, Philippines – Energy regulators have made the P32 per kilowatt-hour (kWh) price ceiling on power traded at the spot market permanent to continuously shield consumers from sudden price...
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Maynilad to spend P13.6B for 2016 projects
MANILA, Philippines – Metro Manila west zone concessionaire Maynilad Water Services Incorporated is earmarking P13.6 billion ($288.35 million) in capital expenditures for 2016.Around P7.5 billion ($159...
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Customs misses 2015 revenue target
MANILA, Philippines – Despite an increase in revenue collection, the Bureau of Customs (BOC) has been consistent in missing its annual target.BOC data show that the revenue-generating agency failed to...
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Yellow Cab to open 15 stores in China
MANILA, Philippines – Restaurant operator Max’s Group plans to build at least 15 Yellow Cab Pizza stores in China within the next 5 years.“We are thrilled with the opportunity of bringing our pizza to...
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China stocks resume plunge on economic gloom
SHANGHAI, China – China's stock market resumed its volatile plunges on Monday, January 11, as worries over the slowing economy and the government's ability to manage it sent traders fleeing, dealers...
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Stress tests show no real estate bubble in PH – BSP
MANILA, Philippines –The Bangko Sentral ng Pilipinas (BSP) said Monday, January 11 that initial results of a stress tests conducted by banks validated the assessment made by the central bank that there...
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Stock market decline steepest since 'Black Monday'
MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) on Monday, January 11 fell sharply, closing at 6,288.26, down 287.17 points or 4.37% .The decline was the steepest since the August 24,...
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Napocor boosts service in emerging Palawan tourism hotspot
MANILA, Philippines – Residents and tourists in an emerging tourism hotspot in Palawan can now enjoy 24-hour electricity, courtesy of a new generating set provided by the National Power Corporation...
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Foreign direct investments inch up in October
MANILA, Philippines – Foreign direct investments (FDIs) in October 2015 amounted to $451 million, or $6 million more than registered in the same period in 2014, the Bangko Sentral ng Pillipinas...
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PH exports continue decline in November
MANILA, Philippines – Overall merchandise exports posted a slight decline in November, the National Economic and Development Authority (NEDA) reported Tuesday, January 12.Exports fell slightly to $5.1...
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Aquino at Sumitomo opening: More foreign banks, more investments
MANILA, Philippines – President Benigno Aquino III highlighted potential benefits of the bank liberalization law as he formally welcomed the Manila branch of Japan's second largest bank.The President...
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Unilever to begin Cuba operations in 2017
HAVANA, Cuba – Dutch food and cosmetics giant Unilever will begin operations in Cuba in 2017 after communist officials authorized a joint venture with state firm Intersuchel, they said Monday, January...
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NTC to set minimum advertised speed for mobile broadband
MANILA, Philippines — The National Telecommunications Commission (NTC) plans to set the minimum speed for those advertised as mobile broadband at 256 kilobits per second (kbps).This is the same with...
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PH manufacturing up 7.5% in November
MANILA, Philippines –The Philippine manufacturing sector rose in November 2015, led by demand for consumer goods, the National Economic and Development Authority (NEDA) said on Tuesday, January 12.In...
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