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Improving efficiency in infra key to PH growth – economist
MANILA, Philippines – A new working paper by an economist at the International Monetary Fund (IMF) shows that the Philippines could almost double its current growth over the next 15 years if it...
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Japan's silver-haired seniors still punching the time clock
TOKYO, Japan – Many people his age would be happy to slip on a cardigan and put their feet up, but not Teruo Sugiura.The 86-year-old makes his way to a seniors' work center in Tokyo several days a week...
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AIM, ADEC Innovations partner on research lab for 'next wave' PPPs
MANILA, Philippines – Long synonymous with big infrastructure projects, sectors that fall under the public private partnership (PPP) umbrella are set to get a boost from a partnership between one the...
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Holcim Philippines reports banner year in 2015
MANILA, Philippines — Listed cement manufacturer Holcim Philippines, Incorporated reported a banner year in 2015, with a 58.4% surge in net income backed by strong sales and improved operational...
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Emirates postpones launch of world's longest flight
PANAMA CITY, Panama – Emirates Airline, which was scheduled to launch what it called the world's longest non-stop flight this month between Dubai and Panama City, said Wednesday, March 2, it was...
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11 Filipino tycoons back in Forbes' list of world's richest
MANILA, Philippines – All 11 Filipino tycoons who were featured in the 2015 edition of Forbes World's Billionaires remained in this year's exclusive billionaires' circle, though most of them saw a...
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Italy global wine market king – study
ROME, Italy – Italy was the biggest exporter and producer of wine in the world in 2015, while the United States consumed the most of the Mediterranean country's prized nectar, a study published...
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Australia's youngest billionaire Tinkler declared bankrupt
SYDNEY, Australia – Australian self-made coal baron Nathan Tinkler has gone from being the nation's youngest billionaire to officially bankrupt in just 5 years, capping a dramatic fall from grace after...
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Adidas sees sales, profits rising 10-12% this year
FRANKFURT, Germany – Sports giant Adidas said Thursday, March 3, that it expects revenues and profits this year to rise by 10-12% as the current consumer boom in Germany continues."Group sales are...
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China revs up new aero-engine group
SHANGHAI, China – Aerospace giant Aviation Industry Corporation of China (AVIC) on Thursday, March 3, announced the leadership for a new Chinese jet engine conglomerate that could one day compete...
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Starbucks to open in South Africa
JOHANNESBURG, South Africa – Starbucks coffee chain will open its first two cafes in South Africa in April, the company announced Thursday, March 3, marking its entry into sub-Saharan Africa.The coffee...
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Palace: PH bent on staying away from dirty money 'gray list'
MANILA, Philippines – Malacañang confirmed on Thursday, March 3, that the country's financial intelligence unit and the Philippine Amusement and Gaming Corporation (PAGCOR) are investigating reports...
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LTFRB rejects Grab plea to resume GrabBike operations
MANILA, Philippines — The country's land transport regulator rejected Grab Philippines’ petition to resume GrabBike operations, saying motorcycle and bike services may not be considered alternative...
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LRT6 PPP bidding postponed
MANILA, Philippines — Metro Manila commuters might need to wait a little longer for a new mass railway transit, after the government decided to push back the bidding for the Light Rail Transit Line 6...
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February inflation dips to 4-month low
MANILA, Philippines – Inflation, or the increase in prices of widely used goods, slowed down to its lowest level in 4 months, slipping by 1% in February, on the back of lower gasoline and energy...
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China cuts 2016 growth target to '6.5% to 7%'
BEIJING, China – China on Saturday, March 5 cut its growth target for this year to a range of 6.5% to 7%, as the world's second-largest economy faces a litany of challenges from overcapacity to weak...
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Moody's places Gulf states on review for downgrade
DUBAI, United Arab Emirates – Moody's has lowered the credit ratings of Oman and Bahrain and placed the remaining Gulf oil exporters on review for downgrade, saying low crude prices have weakened their...
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Ayala Corporation beats target net income ahead of plan
MANILA, Philippines – Ayala Corporation, the country's oldest conglomerate, saw its net income grow by 20% in 2015, breaching its target a year ahead.The increase was anchored on strong performance in...
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Pioneer outsourcing firm invests in new BGC hub, eyes expansion
MANILA, Philippines – B&M Global Services Manila Incorporated, one of the pioneers in the country's business process outsourcing (BPO) industry, marked its 15th anniversary in the Philippines by...
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Strong start for manufacturing in 2016 – NEDA
MANILA, Philippines – The manufacturing sector started strong in 2016, led by the production of chemical products and food, according to the National Economic and Development Authority (NEDA).In the...
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