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Egypt to regulate Uber, Careem ride-hailing services
CAIRO, Egypt – Egypt said on Wednesday, March 16, it will regulate ride-hailing services Uber and Careem after they sparked protests from taxi drivers in Cairo over allegations the smartphone...
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Senate holds executive session on Bangladesh Bank fund heist
MANILA, Philippines – The Senate blue ribbon committee on Thursday, March 17, granted the request of Rizal Commercial Banking Corporation (RCBC) manager Maia Santos-Deguito to testify in an executive...
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Feeling global slowdown, Fed keeps interest rate unchanged
WASHINGTON, USA – The Federal Reserve cut its outlook for the US economy and kept its interest rate policy unchanged Wednesday, March 16, citing the impact of the global slowdown and turmoil in world...
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RCBC manager: 'I'd rather release money than get myself killed'
MANILA, Philippines – Branch manager Maia Santos-Deguito ignored a request from her own bank to stop the release of millions of dollars to private accounts, telling colleagues she'd rather do it than...
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Samsonite profits up in 2015 but outlook 'uncertain'
HONG KONG, China – Luggage giant Samsonite on Thursday, March 17, warned its outlook for this year was "uncertain" owing to the growth slowdown in key market China and a stronger US dollar.The firm...
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RCBC to file perjury raps vs bank officer in money-laundering case
MANILA, Philippines – Rizal Commercial Banking Corporation (RCBC) will file a perjury case against its senior customer relationship officer for filing a false affidavit on her involvement in the...
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Low oil price sends Lufthansa profits soaring
FRANKFURT, Germany – German airline Lufthansa said Thursday, March 17, that low oil prices and booming passenger business sent profits soaring in 2015, a year marred by the Germanwings crash and...
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RCBC bank manager: CEO Lorenzo Tan ‘invited me’ to join bank
MANILA, Philippines – The branch manager of RCBC who's under fire in the ongoing probe into a bank heist said that it was no less than CEO and president Lorenzo Tan who “invited” her to join the bank...
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Travellers International nets P4B in 2015
MANILA, Philippines – The owner and operator of Resorts World Manila (RWM), Travellers International Hotel Group, Incorporated (TIHGI), announced consolidated financial results of P27.7 billion ($598.5...
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PhilRem to return over P10M profit to Bangladesh Bank
MANILA, Philippines – Money transfer firm PhilRem Service Corporation will issue Bangladesh Bank a check of P10.47 million – the amount it profited from transactions linked to the $81 million stolen...
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Pricey gold samurai helmets on sale for Japanese boys
TOKYO, Japan – Gold and silver ornamental samurai helmets went on sale for tens of thousands of dollars at a Japanese jewelry store on Thursday, March 17, ahead of an annual festival for boys.Samurai...
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San Miguel net income up 26% to P38.2 billion in 2015
MANILA, Philippines – Conglomerate San Miguel Corporation (SMC) reported consolidated net income, before foreign exchange translations, of P38.2 billion ($824.7 million) up 26% from 2014, the firm said...
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Toshiba sells medical devices unit to Canon for $5.9B
TOKYO, Japan – Japan's Toshiba has sold its medical devices unit to camera and office equipment maker Canon for almost $6 billion, it said Thursday, March 17, as it sheds businesses to recover from a...
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Bangladesh central bank 'complicit' in heist – minister
DHAKA, Bangladesh – The Bangladesh finance minister has accused central bank officials of being complicit in an audacious $81 million theft from an overseas account, in an interview with a leading...
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4 new names emerge at Senate probe into Bangladesh bank heist
MANILA, Philippines – A close friend of the bank head and valued client of Rizal Commercial Banking Corporation (RCBC), a businessman previously linked to illegal drug operations in 2000, and two other...
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NLEX-SCTEX link ready for Holy Week
PAMPANGA, Philippines – Subic-bound motorists coming from Balintawak in Quezon City can now cut travel time by 40 minutes, after the tollways unit of Metro Pacific Investments Corporation (MPIC)...
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As election nears, ABS-CBN net income surges in 2015
MANILA, Philippines – As the 2016 presidential election nears, ABS-CBN Corporation exceeded its net income and revenue targets in 2015, thanks to its new ad pricing scheme.The Lopez-led media and...
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Toll hike petitions likely be up to the next gov't
PAMPANGA, Philippines — The decision to raise toll rates for Luzon’s major expressways will likely be up to the next administration, with regulators having a hard time to decide what a "just and...
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Deguito: William Go wanted 10% of $81-M dirty money
MANILA, Philippines – Filipino-Chinese businessman William So Go allegedly asked Rizal Commercial Banking Corporation (RCBC) branch manager Maia Santos-Deguito for 10% of the $81-million stolen funds...
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Money to burn? China firms seek new investors
SHANTOU, China – The Guangdong Yixiang Folk Culture Company has a license to print money – thousands of lookalike US dollars roll off its clattering presses every minute, intended as burnt offerings...
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