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Super Typhoon Lawin: Cancelled flights, October 19 & 20
For the latest updates on Typhoon Lawin (Haima), go to our live blogMANILA, Philippines – Local airlines cancelled planned flights ahead of Super Typhoon Lawin (international code name Haima) making...
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Saudi Arabia's first global bonds worth $17.5B – official media
RIYADH, Saudi Arabia – Saudi Arabia's first international bond offering totaled $17.5 billion and was nearly 4 times oversubscribed, official media said early Thursday, October 20, confirming the...
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Typhoon Lawin: Telco services down in parts of Northern Luzon
For the latest updates on Typhoon Lawin (Haima), go to our live blogMANILA, Philippines – Strong winds from Typhoon Lawin (Haima) early Thursday, October 20, disrupted the service operations of Globe...
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Globe Telecom hikes 2016 spending to over $1B
MANILA, Philippines – Globe Telecom Incorporated has increased its capital spending budget for the year to over $1 billion to finance the rollout of San Miguel Corporation's frequencies nationwide.The...
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Chinese energy firm eyes Subic as hub for transfer of LNG shipments
MANILA, Philippines – Leading Chinese clean energy firm Jovo Group Company Ltd Guangdong (Jovo) revealed plans to use Subic Bay for ship-to-ship (STS) operations, and possibly as a regional hub in the...
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Ties with China to fill infra spending gap, pose risk to PPP
MANILA, Philippines – President Rodrigo Duterte's pitch for friendlier relations with China will help fund the gap in the Philippines' infrastructure goals, but is also likely to pose a risk to the...
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Gov't nets P32.6-B budget surplus in August
MANILA, Philippines – The national government's revenue collection beat out its spending last August, marking the first time it has recorded a surplus since the Duterte administration took the...
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Cancelled flights: Friday, October 21
For the latest updates on the aftermath of Typhoon Lawin (Haima), go to our live blogMANILA, Philippines – Philippine carriers cancelled select domestic and international flights Friday, October 21,...
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Duterte bringing home $24B worth of deals from China
BEIJING, China – President Rodrigo Duterte and the large business delegation that accompanied him to China may be bringing home around $24 billion worth of deals, said Trade Secretary Ramon...
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BSP downplays impact of typhoons on inflation
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) does not expect Typhoon Karen (Sarika) and Super Typhoon Lawin (Haima) to have a "significant impact" on inflation in the remaining months of...
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SEC slaps Liberty Telecoms with P346K fine
MANILA, Philippines – Local corporate regulators ordered Liberty Telecoms Holdings Incorporated to pay P346,000 for failing to disclose in any of its filings the re-allocation of its coveted...
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Global Ferronickel, China's Baiyin eye stainless steel plant
MANILA, Philippines – Global Ferronickel Holdings Incorporated, one of the country's largest nickel producers, signed a cooperation deal with China’s state-owned enterprise Baiyin Nonferrous Group...
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AT&T eyes new media future with mega-deal for Time Warner
NEW YORK / WASHINGTON DC, USA (UPDATED) – AT&T on Saturday unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector...
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Canada-EU failure signals more bad news for free trade deals
WASHINGTON DC, USA – The collapse of free trade talks between Canada and the European Union Friday, October 21, is yet another sign of increasingly stiff resistance to economic globalization.Despite 7...
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Money tips for millennials
The Philippines ranked 117th out of 143 countries surveyed in the Standard and Poor's Global Financial Literacy Survey for 2014. The survey, which covered questions on risk diversification, inflation,...
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Oil price down cycle 'nearing end' – Saudi minister
RIYADH, Saudi Arabia – Saudi Oil Minister Khalid al-Falih said on Sunday, October 23, that the current cycle of falling crude prices is close to an end as market fundamentals improve.Oil prices are...
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AT&T deal: Merger for new media era or a bad remake?
WASHINGTON DC, USA – An AT&T-Time Warner mega-deal could create a new kind of media-tech firm in an age where consumers get content Netflix-style, when they want it on any device.Or it could be a...
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Japan swings back to September trade surplus
TOKYO, Japan – Japan swung to a bigger-than-expected trade surplus in September, as tumbling imports offset lackluster shipments overseas, official data showed Monday, October 24.The value of Japan's...
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BSP adds Chinese RMB to PH's foreign reserve currencies
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has added China's currency, the yuan Renminbi (RMB), to the country's list of official international reserves on the back of the Asian...
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Makati Business Club: Yes to strong China ties, but maintain US alliance
MANILA, Philippines – The Makati Business Club (MBC), which counts the country's largest conglomerates as members, supports President Rodrigo Duterte's new policy of opening up to China.In a statement...
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