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Gov't unsatisfied with Fitch's PH credit rating
MANILA, Philippines – Debt watcher Fitch Ratings maintained the Philippines' credit rating at a minimum investment grade of BBB-, with the government believing it is underrated "by at least a...
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Renewable energy posted record growth rate in 2015 – IRENA
ABU DHABI, United Arab Emirates – Renewable energy capacity grew worldwide by a record 8.3% in 2015, according to a report published Thursday, April 7, by a global green energy organization."As of the...
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Steeling for a struggle: China workers face turmoil
TANGSHAN, China – Hundreds of laid-off steelworkers gathered outside their former employer's office this week to protest at losing their jobs, victims of a global glut.But the smokestacks nearby were...
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#AskTheTaxWhiz: Checklist when filing income tax returns
This is the first time I am filing an income tax return (ITR). I have been an employee for two years since I graduated from college. I know April 15 is the deadline, but I am still not at ease about...
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Builder of Malaysia's SMART Tunnel wants to bring infra to PH
MANILA, Philippines — AlloyMTD Group of Malaysia, through its local unit MTD Philippines, Incorporated, wants to build a P40-billion road tunnel that can turn into a storm drainage under the state-run...
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Dubai to build tower taller than Burj Khalifa
DUBAI, United Arab Emirates – Dubai plans to build a tower that will stand higher than its Burj Khalifa, currently the world's tallest skyscraper, property developer Emaar said Sunday, April 10.The...
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MPIC to rival Ayala for North-South Railway deal
MANILA, Philippines – Metro Pacific Investments Corporation (MPIC) and Ayala Corporation, partners for several public-private partnership (PPP) deals, will be going head-to-head for the most expensive...
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GMA Network reports P1.94B dividend payout
MANILA, Philippines – Just before it announces its net income results for 2015, broadcast giant GMA Network, Incorporated has a gift to its shareholders: A P1.94-billion ($42.08-million) cash dividend...
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PH gov't loses P250M yearly with embargo of 700MHz – Globe
MANILA, Philippines – The Philippine government is losing at least P250 million a year with regulators' inaction on the reallocation of the 700 megahertz (MHz) spectrum band, which is mostly held by...
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PH among Asia's frontrunners in 2016 – World Bank
MANILA, Philippines – Despite dimming economic forecasts elsewhere around the region and an impending change in leadership, the Philippines is set to continue being a pacesetter in the world’s growth...
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Ex-MRT3 chief Vitangcol slapped with extortion charges
MANILA, Philippines – Ex-Metro Rail Transit Line 3 (MRT3) General Manager Al Vitangcol III, already facing graft and corruption raps, now faces new criminal charges relating to extortion.Vitangcol,...
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RCBC's Tan sues Deguito, seeks P32M in damages
MANILA, Philippines – Lorenzo Tan, the president-on-leave of embattled Rizal Commercial Banking Corporation (RCBC), filed civil and criminal charges against his sacked employee, Maia Santos-Deguito,...
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LIVE: Senate hearing on $81-M Bangladesh bank heist, Day 5
MANILA, Philippines – The Philippine Senate will hold its 5th hearing on the Bangladesh Bank fund heist Tuesday, April 12, at 10:30 am.During the 4th Senate hearing last April 5, senators caught the...
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RCBC: SWIFT messages from Bangladesh Bank 'vague,' 'not urgent'
MANILA, Philippines (UPDATED) – Of the hundreds of messages from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) sent to Rizal Commercial Banking Corporation (RCBC) on February...
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Senate blue ribbon chair to PhilRem chief: 'You're hiding something'
MANILA, Philippines – The chair of the Senate blue ribbon committee accused the chief of money transfer firm PhilRem Service Corporation of "hiding something," citing her "consistently inconsistent"...
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Alibaba to buy $1B controlling stake in Lazada
MANILA, Philippines – Chinese online retail giant Alibaba announced Tuesday, April 12, that it will buy a $1 billion controlling stake in Lazada, one of the largest online retailers in Southeast...
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PH merchandise exports down 4.5% in February
MANILA, Philippines – Continuing its slide this year amidst a weak global economy, Philippine merchandise exports fell by 4.5% in February, according to the National Economic and Development Authority...
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PH manufacturing up 8.4% in February
MANILA, Philippines – The manufacturing sector continued its strong start in February on the back of increased production of furniture, food products, and rubber based on data released National...
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BIR investigates PhilRem for possible tax evasion
MANILA, Philippines – PhilRem Service Corporation is being investigated for a possible tax evasion case, after the Bureau of Internal Revenue (BIR) found out that the company is paying the wrong taxes...
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BSP eyes bigger fines for banks violating anti-money laundering law
MANILA, Philippines – The Philippines' central bank wants heftier fines and penalties for institutions violating the Anti-Money Laundering Act (AMLA) Law to prevent the country from becoming a haven...
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