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Pangilinan-led MPIC to Duterte admin: Let's start with a clean slate
MANILA, Philippines – The chairman of infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) has a message to President-elect Rodrigo Duterte: Let us put an end to arbitration cases...
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San Miguel selling telco assets to PLDT, Globe
MANILA, Philippines (4th UPDATE) – The country's two major telecommunication companies – Philippine Long Distance Telephone Company (PLDT) and Globe Telecom, Incorporated– are acquiring for P69.1...
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How drones can be a force for progress
MANILA, Philippines – Drones can evoke images of death and destruction. Some people associate them with the predator variety, the kind used by the US military to target terrorists.Others may think of...
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Metro Pacific buys additional 25% interest in Beacon from PLDT
MANILA, Philippines – The board of Metro Pacific Investments Corporation (MPIC) on Monday, May 30, agreed to buy another 25% interest in Beacon Electric Asset Holdings from PLDT Communications and...
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San Miguel's sale of telco business: Will consumers benefit?
MANILA, Philippines – San Miguel Corporation's (SMC) move to dispose all its telecommunications assets to the Philippine Long Distance Telephone Company (PLDT) and Globe Telecom, Incorporated is not...
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Filipino HIV advocate chosen as Ashoka Global Fellow
MANILA, Philippines – Social entepreneurs' group Ashoka Philippines has added the lesbian, gay, bisexual, and transsexual (LGBT) community, especially those diagnosed with HIV/AIDS, to its growing...
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Megaworld expands office footprint in Davao City
MANILA, Philippines – The Megaworld Group of billionaire Andrew Tan beefed up its investments in Davao City, with the construction of the 10-storey One Republic Plaza and 6-storey Emperador...
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RCBC names new officials after bank heist probe
MANILA, Philippines – Rizal Commercial Banking Corporation (RCBC) is filling up key management positions, as it moves on from the $81-million bank heist involving the funds owned by the Bangladesh...
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San Miguel says it barely made money from telco divestment
MANILA, Philippines – San Miguel Corporation barely made money from its decision to sell telecommunication assets to Philippine Long Distance Telephone Company (PLDT) and Globe Telecom,...
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Floods, political change hamper Myanmar growth – World Bank
YANGON, Myanmar – Myanmar's growth rate, once one of the world's most impressive, has dipped following heavy floods and an investment slowdown sparked by uncertainty over its political transition, the...
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Volkswagen profits whiplashed by 'dieselgate' scandal
FRANKFURT, Germany – Volkswagen suffered whiplash from a massive engine-rigging scandal as profits slumped in the first quarter, but the embattled German auto giant Tuesday, May 31, insisted things...
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Suzuki blames global financial crisis for testing troubles
TOKYO, Japan – Suzuki on Tuesday, May 31, blamed the 2008 global financial crisis for problems with its fuel-economy and emissions testing, but repeated claims it had not meant to deceive drivers.The...
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IMF economists question faith in neoliberal doctrine
WASHINGTON, USA – Leftists have long made a sport of blasting neoliberalism, the market-guided economic doctrine championed by the International Monetary Fund (IMF), as boosting poverty and...
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BSP cancels registration of PhilRem, Werquick, Peso Remittance
MANILA, Philippines – The remittance businesses of Salud and Michael Bautista can no longer operate legally in the Philippines, after the Bangko Sentral ng Pilipinas (BSP) revoked their registration in...
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Sun Life, 8990 Holdings tie up to boost financial literacy
MANILA, Philippines – Life insurance and financial services giant Sun Life of Canada (Philippines) has teamed up with mass housing developer 8990 Holdings in a bid to raise financial awareness and gain...
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Ongpin's PhilWeb to raise P6B for aggressive expansion
MANILA, Philippines – PhilWeb Corporation, an online gaming firm controlled by former trade secretary Roberto Ongpin, plans to raise at least P6 billion via sale of treasury shares through private...
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Japan PM delays tax hike in blow for Abenomics
TOKYO, Japan – Japan's prime minister on Wednesday, June 1, said he would delay a sales tax hike that threatened to derail the fragile economy, but analysts said it highlighted the failure of his...
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OPEC ministers upbeat on oil recovery
VIENNA, Austria – OPEC ministers were cautiously confident Wednesday, June 1, that the oil market is finally on the mend, cementing expectations that the cartel will keep crude gushing at a meeting in...
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Spend for growth, OECD urges governments
PARIS, France – The world risks getting caught in a low-growth trap, denting the future of generations to come, unless governments step up spending quickly, the OECD warned Wednesday, June 1.Tepid...
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DOTC: Upgraded MRT3 escalators by Feb 2017
MANILA, Philippines – About 38 escalators of the Metro Rail Transit Line 3 will be rehabilitated over the next 8 months, after the transportation department awarded the deal to refurbish the MRT3's...
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