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Volkswagen chief quits as cheating scandal snowballs
WOLFSBURG, Germany – Volkswagen chief executive Martin Winterkorn resigned Wednesday, September 23, over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal...
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China firm wins bid for New Delhi-Mumbai rail study
BEIJING, China – A consortium led by a state-owned Chinese firm has won a bid for a feasibility study into a high-speed rail link between India's political and financial capitals New Delhi and Mumbai,...
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Ex-Landbank, SSS execs face graft charges over Meralco deal
MANILA, Philippines – Key officials from the Land Bank of the Philippines (LBP) and Social Security System (SSS) face graft complaints before the Ombudsman in connection with the block sale of Manila...
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For the 8th time, key interest rates still unchanged
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Thursday, September 24, again kept policy rates unchanged in anticipation of an inflation rate that's lower than targeted this year. This...
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Fitch raises PH outlook to positive
MANILA, Philippines – Fitch Ratings on Thursday, September 24, upgraded the Philippines' outlook to "positive" from "stable."The London-based ratings agency affirmed the credit rating at "BBB-" or...
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Streamlining air regulations key to ASEAN airlines future – experts
MANILA, Philippines – As full ASEAN integration approaches this year, streamlining aviation safety regulations across member states is essential for the future of its airlines.The Philippines is doing...
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Volkswagen seeks new chief as pollution scandal spreads
FRANKFURT, Germany – Auto giant Volkswagen searched Thursday, September 24, for a new chief to steer it out of a global pollution cheating storm, as suspicions over diesel car emissions spread for the...
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Most Filipinos not ready for retirement – study
QUEZON, Philippines – About 9 in 10 or 90% of Filipino workers lie awake at night wondering how they can stretch their money when they retire, as they struggle today with little savings and almost no...
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DTI: Growth not inclusive without MSMEs
MANILA, Philippines – Department of Trade and Industry Secretary Gregory Domingo stressed anew that "without micro, small, and medium-size enterprises (MSMEs) in the global market, growth cannot be...
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2.8 million VW cars in Germany have rigging device – minister
BERLIN, Germany – Around 2.8 million Volkswagen vehicles in Germany are fitted with devices that can cheat emissions tests, Transport Minister Alexander Dobrindt told parliament on Friday, September...
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How cheaper solar power could disrupt the energy sector
MANILA, Philippines – The rapid fall in the price of solar panels will radically alter how energy will be distributed and used in the future and the Philippines has to plan for it now, an energy expert...
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PH growth seen to top most Asian countries in 2015
MANILA, Philippines – The Philippine economy is expected to surpass growth in most Asian nations this year, thanks to an anticipated boost from election-related spending, according to the September...
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Scandal-hit Volkswagen names Porsche boss new CEO
WOLFSBURG, Germany – Embattled carmaker Volkswagen tapped Porsche chief Matthias Mueller Friday, September 25 to steer it out of the wreckage of a widening scandal over pollution test rigging, as...
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Investment lessons from a Chinese proverb
MANILA, Philippines – Lately, the stock market is seeing great volatility, no thanks to the Greek crisis early this year, and China’s economic slowdown paranoia. Both of these contribute to the...
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The business of Philippine craft beer
MANILA, Philippines – When most people think of products that represent the Philippines on the world stage, few of them arrive at beer. Brett Lim is not one of them.“Filipinos should be proud of...
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Globe to PLDT: Open up IP peering to improve internet speed
MANILA, Philippines – Globe Telecom has called on rival the Philippine Long Distance Telephone Company (PLDT) to open up its IP peering arrangement in order to boost local internet speed for all...
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Credit Suisse trims PH growth forecast
MANILA, Philippines – The slowdown in the first half of 2015 due to weak global demand and lack of government spending prompted Zurich-based Credit Suisse to revise its latest economic growth forecast...
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Sale of Meralco shares didn't happen – Landbank
MANILA, Philippines – The Ombudsman has no basis for indicting former officials of the Land Bank of the Philippines (LBP) in a graft complaint related to the block sale of Manila Electric Company...
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Cebu Pacific receives 32nd Airbus A320
MANILA, Philippines – Budget carrier Cebu Pacific accepted the delivery of its 32nd, brand-new Airbus A320 aircraft which arrived at the Ninoy Aquino International Airport (NAIA) on September 26.This...
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Binay on ASEAN integration: Growth meaningless if it benefits only the rich
MANILA, Philippines – Vice President Jejomar C. Binay said on Monday, September 28, that inclusive growth is the most important goal of the Association of Southeast Asian Nations (ASEAN) economic...
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