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Hyundai profit falls to 5-year low
SEOUL, South Korea – A strong local currency and slowing sales in the key Chinese market pummelled South Korea's Hyundai Motor in 2015, with the automaker on Tuesday, January 26, reporting its lowest...
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End of an era? Apple warns iPhone sales to fall for first time
SAN FRANCISCO, USA (UPDATED) – Apple raised the specter of the end of a technological era after reporting Tuesday, January 26, the slowest growth sales ever of its market-leading, life-changing iPhone...
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LTFRB suspends GrabBike service
MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) suspended the operations of ride-hailing service GrabBike on Wednesday, January 27.The LTFRB said in a statement...
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Toyota keeps top global automaker crown
TOKYO, Japan (UPDATED) – Toyota kept its title as the world's biggest automaker on Wednesday, January 27, as it announced global sales of 10.15 million vehicles last year, outpacing scandal-hit...
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SWS reports 'very, very high public morale'
MANILA, Philippines – Filipinos are most upbeat about their lives now under the Aquino administration, Social Weather Stations (SWS) said, but despite this, its candidates for the May 2016 elections...
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Could this be GrabBike’s last ride in the Philippines?
MANILA, Philippines — With Metro Manila's horrendous traffic situation and insufficient public transportation, many Filipinos turn to motorbikes to get around.Southeast Asian ride-hailing app company...
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Poor outlooks from Apple, Boeing pull US stocks lower
NEW YORK, USA – US stocks fell early Wednesday, January 27, after Apple and Boeing shares plummeted on disappointing earnings forecasts.About 50 minutes into trade, the Dow Jones Industrial Average was...
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Philippine GDP grows 6.3% in Q4 2015
MANILA, Philippines (UPDATED) – The Philippines' gross domestic product (GDP) grew by 6.3% in the last quarter of 2015, up from 6.0% in the 3rd quarter, the government announced Thursday, January...
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GrabTaxi rebrands as Grab, eyes further expansion
SINGAPORE, Singapore – With Southeast Asia's ride-hailing boom, Grab, formerly known as GrabTaxi, has evolved with strategic rebranding and a growing platform of on-demand services.In a regional launch...
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Samsung, tech suppliers sink on smartphone woes but Asia stocks gain
HONG KONG – Shares in tech suppliers sank in Asia Thursday, January 28, as South Korean giant Samsung Electronics posted a huge fall in profit, a day after rival Apple recorded its weakest ever rise in...
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PH peso could hit P49 vs dollar – Standard Chartered
MANILA, Philippines – Standard Chartered Bank expects the Philippine peso to end the year at P49 to $1.In the first half of 2016, it could range between P47 and P48, then further weaken in the second...
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Customs sues alleged smugglers of smartphones, used cars
MANILA, Philippines – The Bureau of Customs (BOC) filed charges against two firms for allegedly smuggling various items, including smartphones, tablets, and used semi-knockdown Japanese cars valued at...
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CAAP raises budget for area managers to P5 million
MANILA, Philippines —The Civil Aviation Authority of the Philippines (CAAP) has increased its capital spending budget for each area center manager to P5 million ($104,567.54) per project to provide...
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Road-testing the GrabBike
Tired of endless Metro Manila traffic jams? With the ability to zigzag through traffic, Grab's new motorcycle service GrabBike seems to be the solution for harried commuters. But the Land...
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Chinese e-commerce giant Alibaba's revenue jumps 32%
SHANGHAI, China – Chinese e-commerce giant Alibaba saw its revenue jump 32% year-on-year for the quarter ending in December, it said in a statement Thursday, January 28, despite slowing growth in the...
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ABS-CBN names Cory Vidanes as new COO
MANILA, Philippines — ABS-CBN Corporation on Friday, January 29 announced the appointment of Cory Vidanes as its chief operating officer (COO) of broadcast, effective February 1 this year.This was...
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BSP to release P100 bill with stronger violet color on Feb 1
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced it will start circulating P100 bills with stronger mauve or violet color starting Monday, February 1, 2016.“The new bills are being...
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PAL to start flying to Saipan in June
MANILA, Philippines – Flag carrier Philippine Airlines, Incorporated (PAL) will start operating twice weekly flights to Saipan, a US territory in the Pacific, starting June 15.Saipan, one of largest...
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Rappler Talk: Technology and the fourth industrial revolution
MANILA, Philippines – Rappler talked to Winston Damarillo, Silicon Valley veteran and chief strategy officer for the Philippine Long Distance Telephone Company.Fresh from the recently concluded 2016...
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Global tech money sets its sights on Southeast Asia, PH
MANILA, Philippines – Tech companies are arguably the sexiest firms on Wall Street.From peddling sexy smart phones to streaming media, from connecting people across the globe to solving problems from...
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