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Loans for MSMEs rise to P459.48 billion in Q1 2016
MANILA, Philippines – Small businesses in the country now have better access to capital, but more work still needs to be done to give them a boost.Loans given to micro, small, and medium enterprises...
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Cemex Philippines debuts on PSE, to spend $300M
MANILA, Philippines – Newly-listed cement manufacturing firm Cemex Holdings Philippines Incorporated announced during its debut on the Philippine Stock Exchange (PSE) that it will spend $300 million to...
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South Korean auto, shipbuilding workers to go on strike
SEOUL, South Korea – Tens of thousands of South Korean auto and shipbuilding workers are set to launch partial strikes this week after negotiations over wage increases stalled.Employees at Hyundai...
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EU grants new aid to struggling milk farmers
BRUSSELS, Belgium – The European Union (EU) announced Monday, July 18, a further 500 million euros ($553 million) for farmers to help reverse the plunge in prices shaking a dairy industry hit by...
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PLDT ties up with Intel to bring digital solutions to MSME owners
MANILA, Philippines – PLDT SME nation, the small business arm of PLDT Incorporated has announced a partnership with hardware tech giant Intel that is aimed at serving the huge micro-, small- and...
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Alveo Land to open 3rd residential tower in Circuit Makati
MANILA, Philippines – Alveo Land Corporation, the upscale subsidiary of property giant Ayala Land Incorporated (ALI), continues to expand its Makati real estate portfolio by launching its third...
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Luzon on yellow alert, forced outage in 2 plants
MANILA, Philippines – The Department of Energy (DOE) placed Luzon on yellow alert from 10 am to 4 pm on Tuesday, July 19, following forced outages in two power plants."The DOE is closely monitoring the...
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Yahoo studies bids for assets as losses mount
SAN FRANCISCO, USA – Yahoo offered no definitive word Monday, July 18, on bids for the key assets of the faded Internet star, as it reported widening losses in the past quarter.In its quarterly...
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EU slaps record $3.2B fine on truck cartel
BRUSSELS, Belgium (UPDATED) – The European Union (EU) slapped its biggest ever fine of nearly 3 billion euros ($3.2 billion) on Europe's top truckmakers on Tuesday, July 19, accusing them of colluding...
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Brexit to drag on global growth through 2017 – IMF
WASHINGTON, USA – The uncertainty created by Britain's vote to leave the European Union will slow the global economy into next year, the International Monetary Fund (IMF) predicted Tuesday, July...
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Tugade apologizes for NAIA runway closure, vows improvements
MANILA, Philippines – In front of local airline executives and business leaders, Transportation Secretary Arthur Tugade on Tuesday night, July 19, asked for forgiveness and took full responsibility for...
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Kazuo Okada eyes resorts, golf courses in the Philippines
MANILA, Philippines – Other than investing $2.4 billion to develop an integrated hotel and casino complex in the Philippines, Japanese billionaire Kazuo Okada plans to develop resorts and golf courses...
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Volkswagen execs named in new emissions lawsuits
NEW YORK, USA – New York and Massachusetts filed lawsuits Tuesday, July 19, against Volkswagen that suggested that senior executives were aware early on of efforts to hide high emissions levels in the...
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Microsoft delivers earnings surprise, stock rises
SAN FRANCISCO, USA – Microsoft said Tuesday, July 19, it posted a profit of $3.1 billion in the just-ended quarter, swinging into the black a year after hefty charges from writing off mobile phone...
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Tugade to formalize Manila-Clark train plan in 90 days
MANILA, Philippines – With the Ninoy Aquino International Airport (NAIA) bursting at the seams, the transportation chief targets to finalize in 90 days his department's plans to build a standard train...
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China: Export curbs 'in line with WTO rules'
BEIJING, China – China insisted its controls over some raw materials exports were legal, after the European Union (EU) followed the United States to take it to the World Trade Organization (WTO) over...
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South Korea anti-trust agency probes Google – report
SEOUL, South Korea – South Korea's anti-trust agency is investigating Google for alleged abuse of its market dominance, a report said Thursday, July 21, a week after the EU filed anti-trust charges...
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Bangladesh envoy to Duterte: Help us recover $81M stolen funds
MANILA, Philippines – Bangladesh Ambassador to the Philippines John Gomes has personally sought President Rodrigo Duterte’s help to expedite the recovery of the $81 million stolen by hackers from the...
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Battle lines drawn over San Miguel's telco buyout deal
MANILA, Philippines – Only Globe Telecom Incorporated and PLDT Incorporated refused to comply with the requirements of the newly-established Philippine Competition Commission (PCC), based on the 61...
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LTFRB suspends processing of new Uber, Grab, Uhop applications
MANILA, Philippines (UPDATED) – The Land Transportation Franchising and Regulatory Board (LTFRB) has suspended accepting and processing applications for Uber, GrabCar, and Uhop in Metro Manila.The...
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