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Two Filipinos make it to Forbes Asia's 2016 Heroes of Philanthropy list
MANILA, Philippines – Two Filipinos made it to Forbes Asia’s annual Heroes of Philanthropy list: An 80-year-old businessman who provides scholarships and support faculty development and research as...
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PH telcos told: Make most of Wi-Fi, target youth
MANILA, Philippines – Smartphone subscriptions are seen to more than double in the next 5 years, and are expected to drive the country's telecommunications industry dominated by two giants, data from...
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Getting around Manila through tech-based carpooling
MANILA, Philippines – In the daytime, Metro Manila is home to around 20 million people. At any given time, thousands are on the move: heading to the office, going home, running from one meeting to...
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PCC, telcos meet to discuss San Miguel telco buyout
MANILA, Philippines – The Philippine Competition Commission (PCC) on Friday, July 8, met with the representatives of Globe Telecom Incorporated, PLDT Incorporated, and San Miguel Corporation (SMC) to...
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Big data could be big business for PH – expert
MANILA, Philippines – There's a massive opportunity for the country when it comes to big data, the catch-all term now being used to describe the collection and analysis of vast amounts of...
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Boracay tourist arrivals near the 1M mark for 2016
BORACAY, Philippines – Boracay Island, off the northern end of Aklan, remains firmly on track to reach its target of 1.7 million tourist arrivals by the end of this year.Data from the Malay Municipal...
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Splash Corporation to delist from PSE
MANILA, Philippines – Splash Corporation, the local maker of beauty products like Maxi-Peel and Skin White, will delist from the Philippine Stock Exchange (PSE) after it saw low trading volume over the...
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Smart Communications to spend P1B on Wi-Fi boost
MANILA, Philippines – PLDT Incorporated subsidiary Smart Communications is spending P1 billion to expand the footprint of its Wi-Fi service in transport centers, government offices, and business...
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FMIC boosts Philippine GDP growth forecast in 2016
MANILA, Philippines – First Metro Investment Corporation (FMIC), the investment banking arm of Metrobank Group, sees the Philippine economy achieving a faster pace of growth at 6.5%-7% this year, as it...
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Foreign direct investments hit $2.2B in April
MANILA, Philippines – Despite a volatile global economy, foreign investments continued to pour into the country in the first few months of the year.Data released by the Bangko Sentral ng Pilipinas...
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RCBC admits wrong report to AMLC on businessman Antonio Tiu
MANILA, Philippines – The Rizal Commercial Banking Corporation (RCBC) said it had mistakenly informed the Anti-Money Laundering Council that Antonio Tiu bought $20.4 million on December 10, 2008, which...
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Starbucks to boost US employee pay
NEW YORK, USA – Starbucks announced Monday, July 11, it will lift wages for some 150,000 baristas and other employees in its home market as it moves to address staff concerns over insufficient...
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Qatar Airways profit jumps threefold
DOHA, Qatar – Qatar Airways said on Monday, July 11, its net profit for the year ending March 31 rose sharply because of low oil prices and a cut in expenditure.The Gulf state's national carrier posted...
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PLDT, Globe seek TRO against PCC over San Miguel telco buyout
MANILA, Philippines (UPDATED) – PLDT Incorporated and Globe Telecom Incorporated are seeking a temporary restraining order (TRO) against the Philippine Competition Commission (PCC) to preserve the...
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Airbus and Boeing face off at rain-soaked Farnborough
LONDON, United Kingdom – European planemaker Airbus and US rival Boeing went head to head at the Farnborough air show, which opened Monday, July 11, facing Brexit headwinds and shut early due to heavy...
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DTI targets 1-day business registration – Palace
MANILA, Philippines – If the Duterte administration has its way, entrepreneurs in the Philippines can register their businesses in just one day."DTI (Department of Trade and Industry) has also...
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Asia stocks surge again, led by another Tokyo rally
HONG KONG – Tokyo stocks soared again Tuesday, July 12, to lead another Asia-wide markets rally fuelled by hopes of fresh central bank stimulus and following last week's blockbuster US jobs report.The...
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IMF retains PH growth outlook for 2016 despite global headwinds
MANILA, Philippines – Despite instability in the global economy made worse by the recent Brexit, the International Monetary Fund (IMF) is keeping its growth forecast for the Philippines for 2016."The...
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BSP: New system to shorten check clearing process to a day
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said on Tuesday, July 12, that it was going to use a new electronic system to shorten the time it took to clear checks – from 3 days down to...
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Free Wi-Fi at NAIA, LRT, MRT, select transpo hubs in 100 days
MANILA, Philippines – The country's largest phone carrier, PLDT Incorporated, promised free Wi-Fi in 21 major transportation hubs within 100 days."This was asked by Transportation Secretary Arthur...
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