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Duterte admin urged to approve mandatory disaster insurance
MANILA, Philippines – The Insurance Commission (IC) urged the administration of President Rodrigo Duterte to approve the mandatory disaster insurance coverage for households as well as small and medium...
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Liberty Telecoms' minority shareholders accept P2.20 per share offer
MANILA, Philippines – Liberty Telecoms Holdings, Incorporated will bid goodbye to the Philippine Stock Exchange (PSE) in early November, after its minority shareholders accepted the P2.20 per share...
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2017 global report: Doing business in Philippines becomes easier
MANILA, Philippines – Doing business in the Philippines became much easier relative to the rest of the world this year. There has been significant progress in the areas of protecting minority investors...
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Apple spins services with iPhone sales slumping
SAN FRANCISCO, USA – Apple's quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company's efforts to curb dependence on its...
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Qatar Airways to help boost Clark airport traffic
MANILA, Philippines – Qatar Airways committed to help market Clark International Airport through expansion plans that will cater to "upscale travelers" going to Europe, the United States, and the Gulf...
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Toyota recalling nearly 6M more Takata airbags
TOKYO, Japan – Toyota said Wednesday, October 26, it was recalling another 5.8 million Takata-made airbags in a global safety scandal blamed for a string of deaths and injuries.The world's biggest...
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'Shady track records' hound PH-China infra firms
MANILA, Philippines (UPDATED) – Various camps have raised concerns whether due diligence was observed in big-ticket infrastructure deals that the Philippines announced in China. It turned out some of...
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US, Australia on PH: Businesses want 'predictability'
MANILA, Philippines – The United States and Australia both stressed the need for "predictability" to attract businesses to the Philippines as President Rodrigo Duterte fuels what Washington describes...
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DOF eyes higher VAT exemption threshold as 'safety net for the poor'
MANILA, Philippines – The Department of Finance (DOF) plans to expand the threshold of value-added tax (VAT) exemption to P3 million in order to soften the blow of higher excise tax on fuel and the...
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UK fines Vodafone $5.6M for breaching consumer rules
LONDON, United Kingdom – Britain's media regulator on Wednesday, October 26, said it had fined telecoms giant Vodafone £4.6 million ($5.6 million, 5.2 million euros) for breaching rules designed to...
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Samsung scion joins board as profits plunge on Note 7 crisis
SEOUL, South Korea (UPDATED) – Samsung heir apparent J.Y. Lee took a major step towards control of the family-run conglomerate on Thursday, October 27, joining the board as the company reported a 30%...
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Pokémon Company, Niantic partner with Globe Telecom
MANILA, Philippines – Globe Telecom Incorporated has partnered with the Japanese firm responsible for the licensing of the Pokémon franchise as well as the American developer of hit Pokémon Go game, in...
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Petron Corp raises P20B in fixed rate bonds
MANILA, Philippines – Petron Corporation, the country’s biggest petroleum retailer, successfully raised P20 billion in fixed rate bonds, which will be used to fund existing debts and working capital...
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NEDA: 1.4 million less poor Filipinos in 2015 than in 2009
MANILA, Philippines – Consistent economic growth coupled with expanded social policies have been able to make a noticeable dent in poverty in the last 3 years, according to the National Economic and...
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DOF expects October inflation at 2.5%
MANILA, Philippines – The increase in consumer prices is seen to grow at a faster rate this month due to base effects, the Department of Finance (DOF) said, but is likely to remain within the target...
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Vanilla Air to start flying Narita-Cebu on Christmas day
MANILA, Philippines – Vanilla Air will be the first Japanese airline to fly directly from Narita to Cebu, after the Philippine tourism department facilitated an agreement with the carrier in Tokyo,...
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ABS-CBN's net income jumps 50% on strong ad revenues
MANILA, Philippines – Driven by strong advertising revenues, ABS-CBN Corporation is optimistic in reaching its earnings guidance of about P3.5 billion in 2016, after it saw its net income surge by 50%...
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Tesla expands its portfolio to produce solar roof tiles
LOS ANGELES, USA – Electric carmaker Tesla has diversified into the alternative energy business, on Friday, October 28, unveiling solar roofs for environmentally friendly homes."Global warming is a...
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DICT chief: BPO contracts will be respected
MANILA, Philippines – The head of the Department of Information and Communications Technology (DICT) sought to ease the concern of the business process outsourcing (BPO) industry that political...
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Group of Sy and Tieng also wants to build a new airport
MANILA, Philippines – Henry Sy, Sr.'s Belle Corporation has partnered with Wilson Tieng's All-Asia Resources & Reclamation Corporation (ARRC) to propose a plan for a new international airport and...
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