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Higher BPO revenues to offset slump in OFW remittances
MANILA, Philippines – Any slump in the remittances of overseas Filipinos due to the tension in the Middle East, among others, can be offset by the growth in business process outsourcing (BPO) revenues,...
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National debt at P5.954 trillion, up 3.8% from 2014 levels
MANILA, Philippines – The national government’s outstanding debt as of end-2015 jumped by 3.8% from its end-2014 level, data from the Bureau of the Treasury (Btr) showed.The outstanding obligations as...
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UCPB wants new investor as soon as possible
MANILA, Philippines – United Coconut Planters Bank (UCPB) hopes to welcome a new major investor "as early as possible" to raise fresh capital for the first time since the state took control of the...
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Honda recalls 2.2M cars in US over airbag concerns
WASHINGTON, United States – Japanese carmaker Honda is recalling 2.23 million cars in the United States equipped with potentially defective airbags that could rupture, deepening the deadly scandal...
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Grab temporarily stops GrabBike operations
MANILA, Philippines – Grab Philippines on Thursday, February 4, stopped the operations of its motorbike service called GrabBike, heeding an earlier order from the land transport regulator."GrabBike...
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Expect higher electricity rates this summer – Meralco
MANILA, Philippines — The Manila Electric Company (Meralco) warned consumers of higher electricty rates in the coming months after it announced a P0.42 per kilowatt hour (kWh) increase this...
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Inflation eases in January, thanks to lower oil prices
MANILA, Philippines – Inflation, or the increase in prices of widely used goods, eased in January on the back of lower prices of petroleum products. (READ: Inflation kicks up to 1.1% in November)The...
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Max's Group starts 2-year, P350M-shares buyback deal
MANILA, Philippines — Restaurant chain operator Max’s Group Incorporated is embarking on a two-year share buyback program worth P350 million ($7.33 million).In a disclosure to the Philippine Stock...
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Adblock Plus, scourge of websites, seeks industry deal
BERLIN, Germany – For its users, Adblock Plus stands as a bulwark against intrusive advertising. But websites dependent on advertising revenue to remain free-of-charge see the open source software as a...
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Sagada tourists double in 2015
BAGUIO CITY – Was it because it is where broken hearts go?The number of tourists in Sagada, Mountain Province, rose from 65,000 in 2014 to 138,257 in 2015. Of these, 85% were from the lowlands, mostly...
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China forex reserves fall almost $100B in January
BEIJING, China – China’s foreign exchange reserves have fallen to their lowest level in more than 3 years, the central bank said Sunday, February 7, as Beijing sells dollars to stop the yuan from...
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Recruiting millennials: A challenge for social enterprises
MANILA, Philippines – The premise sounds wonderful. Join our company, help us build something that you believe in, and change the world for the better while you're at it.It's this combination of...
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Sandiganbayan asked to block gov't bid to nullify Pimeco deal
MANILA, Philippines – Businessman Peter Sabido asked the Sandiganbayan Fifth Division to reject a government motion seeking the nullification of the December 11, 2009 compromise agreement that named...
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Cheaper air fares in ASEAN seen as PH signs protocols
MANILA, Philippines – The Philippines is now ready for more liberalized air traffic after President Benigno Aquino III agreed to uphold the so-called 5th and 6th freedoms of the air, bringing better...
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Japanese shipbuilder begins construction of PCG vessels
MANILA, Philippines — The first of 10 new multi-role response vessels (MRRVs) for the Philippine Coast Guard (PCG) will be delivered here in the country in September 2016, which will be used to improve...
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MRT Holdings' Sobrepeña: Roxas, Abaya may be liable for graft
MANILA, Philippines – For MRT Holdings II, the private owner of MRT3 assets, former Transportation Secretary Manuel "Mar" Roxas II and Roxas' successor Joseph Emilio "Jun" Abaya "may be liable for...
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Aquino OKs Landbank-DBP merger
MANILA, Philippines – President Benigno Aquino III has approved the merger of two state-run banks: the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (Landbank), with...
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Abaya: Sobrepeña is 'playing politics'
MANILA, Philippines — Transportation Secretary Joseph Emilio "Jun" Abaya dismissed the allegations made by Metro Rail Transit (MRT) Holdings Chairman Robert John Sobrepeña against him and former...
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Jollibee's net income drops 10.4% in 2015
MANILA, Philippines – Jollibee Foods Corporation (JFC) saw its income drop by 10.4% in 2015 due to a sharp increase in costs in the fourth quarter of last year.JFC, the country’s largest food service...
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Creating your financial quadrant
I was jogging once in our village, mulling over how best to manage our family's resources: our income, savings, needs, and some wants as well.As I pondered on it, it increasingly felt like there was a...
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