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Business groups to next president: Grow GDP, FDIs
MANILA, Philippines – Representatives of the country's biggest foreign business groups challenge the next president to implement policies and reforms that will boost economic growth and foreign direct...
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Uber brings carpooling service UberHOP to Manila
MANILA, Philippines – San Francisco-based Uber Technologies, Incorporated launched its new carpooling service in Manila on Wednesday, February 10.The service, called UberHOP, costs P75 ($1.59) in...
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PH exports dip by 3% in December 2015
MANILA, Philippines – Philippine merchandise exports dipped by 3% in December 2015 compared to the same period in 2014, despite the double-digit increase in petroleum sales, the National Economic and...
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World tourism map redrawn since attacks, epidemics, migrants
PARIS, France – The world's tourism map is being redrawn at lightning speed as holidaymakers switch preferences prompted by terror attacks, epidemics, and migrant crises.Jihadist attacks on tourists in...
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Globe spends, makes money on mobile data phenomenon
MANILA, Philippines – As mobile data's strong growth continues to be impressive, Globe Telecom, Incorporated expects to sustain its annual investment of $700 million to $750 million in the next 3...
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Manufacturing volume slightly up in December
MANILA, Philippines – The country’s manufacturing sector registered an increase in December 2015 brought about by a rise construction activity and helped by continued low oil prices, the National...
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Cebu Pacific to add more flights to ASEAN countries
MANILA, Philippines – Cebu Pacific Air, the country's largest budget carrier, plans to expand its operations in Association of Southeast Asian Nations (ASEAN) countries.This comes after the Philippine...
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Mitsubishi to invest P4.3B to build Mirage models in PH
MANILA, Philippines – Tokyo-based Global Conglomerate Mitsubishi Corporation announced plans to invest P4.3 billion ($90.63 million) in order to start the production of both the hatchback and sedan...
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Gov't approves two more premium bus routes
MANILA, Philippines – The government has allowed Froehlich Tours, the operator of premium point-to-point (P2P) bus services in the country, to add two more routes: North EDSA – Makati City and North...
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GMA Network breaches P2B net income target for 2015
MANILA, Philippines – The head of GMA Network, Incorporated said his company breached its P2-billion ($42.10-million) net income target for 2015, thanks to higher airtime revenues.The network's 2015...
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SM to build community theaters in remote areas
MANILA, Philippines – SM Lifestyle Entertainment, Incorporated (SMLEI), the lifestyle and entertainment solutions company of property giant SM Prime Holdings, plans to build a chain of community...
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PPP Center to next admin: Prioritize airports, trains, subway
MANILA, Philippines – The country's Public-Private Partnership (PPP) Center wants the next administration to prioritize the development of the Ninoy Aquino International Airport (NAIA) and 5 other...
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Investing for a happy marriage
"All you need is love," the song will have you believe. While the sentiment is tempting, most level-headed young couples know that to be untrue.They know that the foundation of a happy marriage rests...
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LTFRB to provincial buses: Install GPS by end-April
MANILA, Philippines — The country's land transport regulator ordered all public utility buses (PUB) to install global positioning system (GPS) devices by April 2017.The Land Transportation Franchising...
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Light Rail Manila signs P24B-loan for LRT1 Cavite extension
MANILA, Philippines — With Metro Manila’s insufficient network of trains, the consortium of Ayala Corporation and Metro Pacific Investments Corporation (MPIC) brings good news to commuters: The...
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San Miguel, MPIC want LRT6 PPP project
MANILA, Philippines — The groups of Metro Pacific Investments Corporation (MPIC) and San Miguel Corporation (SMC) set their sights on the P65.09-billion ($1.37-billion) deal to build a 19-kilometer...
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Uber gets another $200M for emerging markets push
WASHINGTON, DC, USA – Global ridesharing service Uber said Friday, February 12, it had raised $200 million in additional funding to help its push into emerging markets.The latest round comes from...
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FEU to acquire majority stake in Roosevelt College
MANILA, Philippines – Far Eastern University Incorporated (FEU) of the Montinola family is acquiring majority stake in Roosevelt College Incorporated – a private non-sectarian college system that...
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Roxas Holdings incurs net loss due to operational challenges
MANILA, Philippines – First Pacific-led Roxas Holdings Incorporated incurred a net loss of P125 million ($2.62 million) in the quarter ending December 2015, because of operational challenges affecting...
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'Coworking' grows amid search for new office lifestyle
WASHINGTON, United States – When Lance Macon started his real estate consulting firm, he did not want a traditional office. But he wasn't going to work out of his home or a coffee shop either.Macon...
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