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Stocks: More hot money pulled out in August
MANILA, Philippines – More foreign portfolio investments or "hot money" were pulled out of the Philippines in August as investors cashed in on their profits.Foreign portfolio investments are also known...
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PH exports continue to fall in July
MANILA, Philippines – Lower sales in total agro-based and mineral products pulled down Philippine merchandise exports by 1.8% in July 2015, the National Economic and Development Authority (NEDA)...
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What will sustain PH momentum come ASEAN integration?
MANILA, Philippines – Cutting bureaucreatic red tape, stepping up long-term urban planning, and adopting disruptive technology will help the Philippines overcome the risk posed by low productivity and...
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Salary loans subject to tighter monitoring
MANILA, Philippines – The country's central bank has further tightened the monitoring of salary loans as it expanded the coverage for this type of credit accommodation. The Bangko Sentral ng Pilipinas...
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Qantas to add more Manila-Sydney flights during holiday season
MANILA, Philippines – Australian carrier Qantas will increase flights between Manila and Sydney to 5 times a week during the holiday season.Services from Sydney to Manila will increase from 4 to 5 per...
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Adult joblessness rises to 23.2% – SWS
MANILA, Philippines – A full 23.2% of an estimated 10.2 million Filipinos aged 18 and over do not have a job based on the latest employment survey released by polling firm Social Weather Stations...
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Cebu Pacific to launch 3 new int'l flights in December
MANILA, Philippines – The country's largest budget airline Cebu Pacific Air is opening up new markets by launching 3 new international routes from Manila, Cebu, and Davao on December 17.Its operator...
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PH manufacturing sector dips further in July
MANILA, Philippines – Due to the continuing weakness in global demand, the Philippine manufacturing sector contracted slightly in July 2015, the National Economic and Development Authority (NEDA)...
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Aquino to APEC finance ministers: Real growth is inclusive growth
MANILA, Philippines – President Benigno S. Aquino III took another jab at the previous administration, as he bannered anew the "Philippine Story" to the finance ministers attending the Asia-Pacific...
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S&P lowers anew GDP forecast for Philippines
MANILA, Philippines – Standard & Poor’s (S&P) has slashed anew its economic growth forecast for the Philippines this year.In its recent report entitled “Asia Pacific growth slips as China...
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DOJ dismisses Ang's syndicated estafa complaint vs Gozon
MANILA, Philippines – GMA Network Incorporated Chairman and CEO Felipe L. Gozon welcomed the dismissal of the syndicated estafa complaint filed against him by businessman Ramon S. Ang before the...
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6 APEC economies sign up for Asia Regional Funds Passport
CEBU, Philippines – Six Asia Pacific Economic Cooperation (APEC) economies have signed a Statement of Understanding (SOU) on the Asia Regional Funds Passport (ARFP) on Friday, September 11.Australia,...
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Aboitiz Equity Ventures eyes bid for NAIA privatization
MANILA, Philippines – Conglomerate Aboitiz Equity Ventures Incorporated (AEV) is interested in bidding for the for the redevelopment, operation, and maintenance of the Ninoy Aquino International...
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How a brief thunderstorm can cause horrendous Metro traffic
MANILA, Philippines – In the evening of September 8, just as the Tuesday rush hour began, a sudden thunderstorm hit parts of Metro Manila.Photos of soaked commuters lumbering through shin-deep water...
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Cebu Action Plan launched
CEBU, Philippines – Finance Ministers of the Asia-Pacific Economic Cooperation (APEC) concluded their 22nd meeting by launching on Friday, September 11, the Cebu Action Plan, a roadmap for a more...
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Tubod village weaves better future with coco coir
LANAO DEL NORTE, Philippines – Myrna Unabia, 34, begins her day cooking rice or boiling root crops for the day’s consumption. When not tending to her garden, or collecting copra, she usually stays idle...
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Asia-Pacific finance ministers vow to shun competitive devaluation
MANILA. Philippines — Twenty-one Pacific Rim economies, including the United States, China and Japan pledged Friday to avoid "competitive devaluation" of their currencies amid stuttering global growth,...
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Teaching Filipino youth to sail
MANILA, Philippines — While the Philippines routinely produces some of the best seafarers in the world, it would not be a stretch to surmise that the average Filipino knows little about sailing. This...
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NTC to start testing telcos' fixed broadband speed
MANILA, Philippines — The Philippine telecommunications regulator will start implementing a nationwide program next week to monitor and report back to consumers on the quality of Internet service...
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Trade Secretary Domingo has resigned – Palace
MANILA, Philippines (UPDATED) – Communications Secretary Herminio Coloma on Saturday, September 12, confirmed that Trade Secretary Gregory Domingo has submitted his resignation to President Benigno...
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