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Toyota says halting Japan assembly for a week on parts shortage
TOKYO, Japan (UPDATED) – Toyota said Monday, February 1, it will stop all Japanese vehicle assembly lines for one week from February 8 due to a parts shortage following an explosion at a supplier.The...
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Falling oil prices mean cheaper air fares – US experts
NEW YORK, United States – Plummeting oil prices have led to falling plane ticket prices – and prospects for an even bigger bonanza of consumer-friendly fares in the coming months, airline industry...
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Aquino appoints Esguerra as acting NEDA chief
MANILA, Philippines (UPDATED) – Malacañang officially appointed Emmanuel Esguerra as Acting Socioeconomic Planning Secretary and Acting Director-General of the National Economic and Development...
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BSP shuts down Cebu rural bank
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of another rural bank as it continues to weed out weak players in the banking industry. BSP deputy governor Nestor...
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Moody's: PH growth in 2016 likely better than peers
MANILA, Philippines – Moody’s Investor Service predicts the Philippines will grow faster this year with its vibrant, domestically-focused growth putting it in a better position compared to some of...
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Google/Alphabet hits historic high on earnings
SAN FRANCISCO, USA – Alphabet, the new parent firm for Google, pushed into record territory Monday, February 1, as a strong quarterly report put it on track to be the world's most valuable...
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After Dubai, Binalot plans to expand in Asia
MANILA, Philippines — After its initial foray into food franchising in Dubai, Binalot Fiesta Foods, Incorporated plans to expand in Asia, particularly in Singapore, Malaysia, and Thailand."Filipinos...
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Philippines moves up to 70th among world's freest economies
MANILA, Philippines — The Philippines continues to post gains in terms of economic freedom, rising 6 places in the Heritage Foundation’s 2016 list, even as poor infrastructure remains to impede the...
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Tablet market ended 2015 on weak note – research firm
WASHINGTON, United States – The global market for tablet computers ended 2015 with a whimper, as the once sizzling market showed further signs of cooling, a market tracker said Monday, February...
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Vista Land secures funds for 2016 plans
MANILA, Philippines – Businessman Manny Villar's Vista Land & Lifescapes, Incorporated (Vista Land) announced that it has raised $125 million (P5.968 billion) from the offshore bond market, thereby...
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Filipinos most confident consumers in Southeast Asia – poll
MANILA, Philippines – Consumer confidence in the Philippines registered the highest score in Southeast Asia for 2015, said research firm Nielsen on Tuesday, February 2.The Philippines held steady at...
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New industrial revolution to usher in age of Pinoy micro-entrepreneurs
MANILA, Philippines – The revolution is coming, so we better be prepared for it.That was Filipino tech entrepreneur and PLDT chief strategy officer Winston Damarillo’s main takeaway from a week of...
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Waltermart backs out from mall partnership with 8990 Holdings
MANILA, Philippines – Waltermart Group of Companies, a partnership between the Lim family and SM-led SM Retail Incorporated, has backed out from its joint venture with mass housing developer 8990...
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Philippines' back office shines in 2015, exceeds targets
MANILA, Philippines — Since the first calls were taken in 1997, the success of business process outsourcing (BPO) in the Philippines continues to be nothing short of remarkable: with over a million...
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Prices of mid-range condos seen to slow down due to oversupply
MANILA, Philippines – Prices of mid-range condominium units are expected to slow down because of oversupply, online real estate portal Lamudi said in a report on the Philippine real estate market.“A...
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Century Properties, Mitsubishi break ground on Forbes Media Tower
MANILA, Philippines – Century Properties Group, Incorporated and Mitsubishi Corporation have started the construction of the world's first Forbes Media Tower – a 35-storey office building that will...
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Coast guard studies Chevron liability in Batangas Bay oil leak
MANILA, Philippines – The Philippine Coast Guard (PCG) said on Wednesday, February 3, it is determining the fines to be imposed on Chevron for spilling oil into Batangas Bay.The leak occured at around...
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China sets 2016 growth target at 6.5-7%
BEIJING, China – China has set its growth target for this year at between 6.5 and 7%, the country's top economic planner said Wednesday, February 3, an acknowledgement that expansion will continue to...
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Toyota gives up on hipster brand Scion
DETROIT, United States – Toyota said Wednesday, February 3, it will drop its Scion brand, the often-quirky line of cars it launched in the United States 13 years ago targeted at American millennials...
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Shell reports profits plunge on oil price slump
LONDON, United Kingdom (UPDATED) – Royal Dutch Shell on Thursday, February 4, announced an 87% plunge in annual net profits on slumping oil prices.The Anglo-Dutch group reported profit after tax of...
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