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PH banks' lending expands by 15.8% in January
MANILA, Philippines – Local commercial banks are continuing to expand their credit lines driven by loans for household consumption and real estate activity, based on the latest data by the Bangko...
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'Papa' catsup? That brand belongs to UFC, says SC
MANILA, Philippines – UFC Philippines owns the "Papa" trademark in catsup and other condiments, and any company attempting to use the same brand is infringing on that right, the Supreme Court said in a...
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PLDT expects lowest core net income in over a decade
MANILA, Philippines – Philippine Long Distance Telephone Company (PLDT) expects a core net income of P28 billion ($590.01 million) in 2016, the lowest in more than a decade, as it takes a hit on...
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ADB backs first 'climate bond' issuance in Asia-Pacific
MANILA, Philippines – The first climate bond issued in Asia-Pacific will be done in the Philippines with the backing of the Asian Development Bank (ADB), the multilateral agency announced on Monday,...
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Despite oil uncertainty, no red flags for Middle East OFWs for now
MANILA, Philippines – While low oil prices are generally good for the Philippines, its effect of slowing the economies of the Middle East may still affect the country through the almost 1 million...
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BSP adopts new Basel 3 bank liquidity requirements
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has adopted new liquidity rules as part of its adoption of more stringent Basel 3 standards.The Monetary Board has approved the liquidity...
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Starbucks to open first cafe in Italy
MILAN, Italy – US coffee giant Starbucks announced Monday, February 29, that it is preparing to conquer the spiritual home of coffee with plans to open its first branch in Italy.The chain will open a...
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EU approves Dell buyout of data-storage giant EMC
BRUSSELS, Belgium – European Union (EU) regulators on Monday, February 29, approved the record-buyout by Dell of EMC, the world's largest data-storage provider, for $67 billion ($61.5 dollars).The...
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Volkswagen chief vows to 'learn from past mistakes'
GENEVA, Switzerland – The chief of scandal-hit carmaker Volkswagen Matthias Mueller on Monday, February 29, called for the German giant to "learn from past mistakes," as it seeks to recover from the...
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Progress under Aquino but more reforms needed – foreign bizmen
MANILA, Philippines – The Aquino administration posted improvements in the reforms sought by the largest coalition of foreign investors in the country, but economic growth under its watch has yet to...
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MPIC ends 2015 with higher profits despite regulatory uncertainties
MANILA, Philippines – Metro Pacific Investments Corporation (MPIC), the listed infrastructure conglomerate chaired by tycoon Manuel V Pangilinan, saw its full-year net income in 2015 jump on strong...
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LTO: License plates could be out in March if issues settled
MANILA, Philippines – Motorists may be able to get their new license plates this month if the issue of the Land Transportation Office (LTO) with the Commission on Audit (COA) is resolved, and payments...
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Aquino appoints Andre Palacios as new PPP Center chief
MANILA, Philippines – Andre Palacios will be the new executive director of the Public-Private Partnership Center of the Philippines (PPP Center) starting March 8.President Benigno Aquino III on...
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Malaysia's Petronas expects to cut 1,000 jobs
KUALA LUMPUR, Malaysia – Malaysian state energy firm Petronas said Tuesday, March 1, it expects to cut about 1,000 jobs as it struggles with plunging global oil prices that have hammered the...
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PH to share its 'great economic story' with US investors
MANILA, Philippines – The country's top economic managers are heading to New York City this week to drum up US investor interest and give assurances over the upcoming elections in May.According to the...
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#AskTheTaxWhiz: How passive income is better than compensation income
I heard about a tax on documents. Is there really such a thing? I mean, a tax imposed on documents like financial reports or a memorandum of agreement (MOA)? I have read that your foundation, CSR...
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Eurozone unemployment at lowest since August 2011
BRUSSELS, Belgium – Eurozone unemployment fell to its lowest level in 4 and a half years in January, official data showed Tuesday, March 1, beating forecasts but still too high to help stimulate growth...
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'Frozen' ice castle boosts Lego profit
COPENHAGEN, Denmark – Danish toy maker Lego reported Tuesday, March 1, that its profits jumped by almost a third in 2015, driven by bumper sales of its range inspired by the Disney blockbuster...
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UAE says freezing oil output levels a 'must'
ABU DHABI, United Arab Emirates – Emirati Energy Minister Suhail al-Mazrouei said on Tuesday, March 1, that stabilizing oil production levels is a must if oil prices currently at a record low are to...
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Putin: Russian oil firms agree to freeze output
MOSCOW, Russia – Russian oil companies have agreed to freeze production levels as proposed last month by Moscow and Saudi Arabia to curb a near-record slump in prices, President Vladimir Putin said...
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