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New route: PAL flies to Doha starting March 28
MANILA, Philippines — Philippine Airlines, Incorporated (PAL) will fly 5 times a week to Doha, Qatar, starting March 28, in a bid to expand its Middle East footprint.The 5 times weekly service (Monday,...
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Senate to 'close chapter' on William Go at 3rd hearing on stolen funds
MANILA, Philippines – The Senate blue ribbon commitee plans to "close the chapter" on the involvement of Filipino-Chinese businessman William Go at the third hearing on the $81-million Bangladesh Bank...
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'AlDub' rice paddy art hopes to attract millennials to farming
MANILA, Philippines – The Philippines' lead agency on rice research is trying a new approach to attract young Filipinos to venture into rice farming: featuring the faces of popular celebrity loveteam...
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Can an 'Airbnb for offices' fly in Southeast Asia?
Asia is home to 4.47 billion people, or three-fourths of the world's population. On sheer numbers alone, it would be an obvious choice for a startup looking to leverage customers into cash.The...
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Al-Jazeera to cut around 500 jobs
DOHA, Qatar (UPDATED) – Qatar's state-funded broadcaster Al-Jazeera on Sunday, March 27, announced a fresh round of job cuts with around 500 positions being lost, most of them at the network's Doha...
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Failed bidding: No takers for Laguna Lakeshore Expressway Dike
MANILA, Philippines (3rd UPDATE) – The government on Monday, March 28, tried to look for an investor that would build an expressway between Taguig City and Los Baños, Laguna, plus a flood-control dike,...
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Ex-RCBC branch head Deguito seeks week-long rest from Senate probe
MANILA, Philippines – The terminated branch manager of Rizal Commercial Banking Corporation (RCBC) allegedly involved in the $81-million Bangladesh Bank fund heist has requested for a week-long rest...
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Fewer Philippine banks in 2015
MANILA, Philippines – The number of banks operating in the Philippines continued to decline in 2015 with the exit of weak players, particularly rural banks.The latest data of the Bangko Sentral ng...
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Ex-BSP governor Gabriel Singson dies
MANILA, Philippines (3rd UPDATE) – Former Bangko Sentral ng Pilipinas (BSP) governor Gabriel Singson died on Tuesday, March 29, the central bank announced.He was 87.The BSP said in a statement that...
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RCBC manager no-show at Senate probe, cites health
MANILA, Philippines – The sacked Rizal Commercial Banking Corporation (RCBC) branch manager allegedly involved in the $81-million Bangladesh Bank money laundering skipped the third Senate hearing on...
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$951M stolen money would have gone to RCBC
MANILA, Philippines (UPDATED) – Without the Federal Reserve Bank of New York's due diligence, a total of $951 million stolen money from Bangladesh Bank's account would have all gone to Rizal Commercial...
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Israel's bid to become gas exporter takes a hit for now
JERUSALEM – Prime Minister Benjamin Netanyahu's bid to turn Israel into a natural gas exporter has hit a major snag over a court ruling, but he still has room for manoeuver, analysts say.The supreme...
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BIR checking if Bangladesh Bank heist personalities paid taxes
MANILA, Philippines – The Bureau of Internal Revenue (BIR) is looking into possible tax liabilities of the key people involved in the $81-million cyber heist, BIR chief Kim Henares said Tuesday, March...
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SEC rejects PSE's request for exemption over PDS merger
MANILA, Philippines – The Securities and Exchange Commission (SEC) announced on Tuesday, March 29, that it has rejected the request of the Philippine Stock Exchange (PSE) for an exemption over its...
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Turkey tourism dives amid security fears
ISTANBUL, Turkey – Visitor numbers to Turkey plunged by over 10% in February, the government said Tuesday, March 29, as tourism was hit by a crisis in relations with Russia and security fears after a...
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Casino junket operator gives new leads in Bangladesh bank heist
MANILA, Philippines – As the Senate held its third hearing into the country's biggest recorded money-laundering case, a casino junket agent gave new leads in the trail of the stolen Bangladesh Bank...
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Tough global environment drags ADB's PH growth forecast
MANILA, Philippines – Lower global economic prospects have dragged the Asian Development Bank's (ADB) Philippine economic growth projection for 2016 to 6%.During the launch of the 2016 Asian...
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Yellen confident in US growth but stresses 'gradual' rate hikes
NEW YORK, USA – Federal Reserve Chair Janet Yellen expressed confidence in US economic growth Tuesday, March 29, but stuck to a dovish stance on monetary policy, saying the Fed still had to keep its...
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Brexit will hurt world economy – US Treasury chief
WASHINGTON, USA – If Britain exits the European Union it will have a negative impact on the British, European, and world economies, US Treasury Secretary Jacob Lew warned Tuesday, March 29.Britons are...
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PLDT pours $5M into California-based Matrixx Software
MANILA, Philippines — Philippine Long Distance Telephone Company (PLDT), through its investment arm PLDT Capital, has invested $5 million to acquire a minority stake of roughly 4% in California-based...
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