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Inflation rises to 2.3% in September
MANILA, Philippines – Inflation rose to 2.3% in September from 1.8% in August, marking the highest level seen this year, so far, according to the National Economic and Development Authority (NEDA).Core...
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Ongpin sells PhilWeb shares to Greggy Araneta
MANILA, Philippines – Roberto Ongpin– the businessman President Rodrigo Duterte publicly threatened to destroy – sold his entire 53.76% stake in gaming firm PhilWeb Corporation to businessman Gregorio...
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World powers 'misuse' World Bank, IMF – BRICS bank exec
WASHINGTON, USA – Europe and the United States have "misused" the World Bank and International Monetary Fund for their own ends, according to an executive at a new bank launched by major developing...
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Pilipinas Shell lowers offer price for IPO
MANILA, Philippines – Pilipinas Shell Petroleum Corporation lowered its indicative offer price for its planned initial public offering (IPO) next month.Thomson Reuters publication IFR reported that the...
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Debt mountain, weak banks imperil global economy – IMF
WASHINGTON, USA – A record mountain of debt held by governments and companies and widespread weakness in banks, especially in Europe and China, imperil the global economy, the International Monetary...
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Twitter plunges 19% on report saying Google won't bid
NEW YORK, USA – Twitter shares plummeted 19% on Thursday, October 6, following a report that Google has decided not to bid for the social media company.The big move down came after technology news site...
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FCF Minerals Corp to start gold mine operation in Nueva Vizcaya this year
CAGAYAN, Philippines – FCF Minerals Corporation, the Philippine subsidiary of UK firm Metals Exploration Plc, will begin the full commercial operation of its gold mine in Quezon town in Nueva Vizcaya,...
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Duterte's tough talk and what it could mean for US, EU investments
MANILA, Philippines – President Rodrigo Duterte has said the Philippines can survive without aid from either the US or the European Union. And he's issued statements that have hurt the US.How is this...
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Foreign direct investments in PH up 7% in July
MANILA, Philippines – Foreign direct investments (FDIs) in the country picked up last July after being down for two straight months.FDIs posted net inflows of $503 million in July, 7% higher than the...
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Shakey's plans P5.5B-worth PSE debut
MANILA, Philippines – Shakey's Pizza Asia Ventures Incorporated (SPAVI) is seeking to debut on the equities market with an initial public offering (IPO) for as much as P5.5 billion.Shakey's on Monday,...
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NCC plans to cut around 5,000 ‘red-tape’ measures in December
MANILA, Philippines – The National Competitiveness Council’s (NCC) program of cutting bureaucracy gets a boost through technical assistance from the UK as the agency steps up plans to get rid of around...
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Gaming firm Xeleb plans P736.6-M IPO in December
MANILA, Philippines – Celebrity gaming firm and Xurpas subsidiary Xeleb Technologies Incorporated (Xeleb) announced plans to raise a maximum of P736.6 million through an initial public offering (IPO)...
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Customs: No taxes for certain shipments under P10,000
MANILA, Philippines – The Bureau of Customs (BOC) raised the "de minimis" value from P10 to P10,000 as its first measure under the new Customs Modernization and Tariff Act (CMTA).De minimis is the...
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DOTr’s hits and misses in 1st 100 days: NAIA, EDSA traffic, MRT3
MANILA, Philippines – Past the honeymoon stage, the country's transportation chief still needs to address some low-hanging fruits, such as the inadequate Metro Rail Transit Line 3 (MRT3) capacity,...
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Longer MRT trains fully operational by mid-2017 – DOTr
MANILA, Philippines – Passengers might have to wait one more year for longer Metro Rail Transit 3 (MRT3) trains that can accommodate more commuters. (READ: DOTC: MRT riders suffer due to blocked...
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P7.5M worth of fake cigarettes confiscated in Cagayan de Oro
CAGAYAN DE ORO, Philippines – Some P7.5 million worth of counterfeit popular cigarette brands were confiscated by customs officials in two warehouses in this city on Wednesday, October 12.Officials...
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PhilWeb's new chief Araneta asks Pagcor to renew license
MANILA, Philippines – PhilWeb Corporation's new chairman, Gregorio "Greggy" Ma. Araneta III, met with Philippine Amusement and Gaming Corporation (Pagcor) officials to apply again for the renewal of...
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NEDA, DOLE ditch proposed P125 wage hike
MANILA, Philippines – The prospect of a uniform P125 wage hike across the board in the private sector will not happen due to the impact it will have on regional inequality and small businesses,...
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Phoenix Semiconductor unfazed by Samsung Galaxy Note7 global recall
MANILA, Philippines – Phoenix Semiconductor Philippines Corporation (PSPC)– which services 25% of the requirements of South Korean tech giant Samsung Electronics Company Limited – assured shareholders...
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SC orders awarding of Naga Power Plant to Aboitiz's Therma Power
MANILA, Philippines – The Supreme Court (SC) ordered the Power Sector Assets and Liabilities Management Corporation (PSALM) to immediately award the P1.1-billion deal to own and operate the...
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