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NEDA: Poverty incidence could fall with full implementation of RH law
MANILA, Philippines – A manageable population is the key to reducing poverty in the country, according to the National Economic and Development Authority (NEDA)."In 5 years with the full implementation...
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German prosecutors extend 'dieselgate' probe to Volkswagen chairman
FRANKFURT, Germany – German prosecutors probing whether Volkswagen executives manipulated the markets in the wake of the "dieselgate" scandal have widened their investigation to include the group's...
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May lays groundwork for post-Brexit India trade deal
NEW DELHI, India – British Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday, November 7, for a potential post-Brexit deal with...
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Globe Telecom's Q3 net income drops by 50%
MANILA, Philippines – Globe Telecom Incorporated's net income halved to P2.74 billion in the 3rd quarter of the year, weighed down by the expenses from the P69.1-billion deal to buy out the...
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Core businesses lift Ayala Land's net income
MANILA, Philippines – Property giant Ayala Land Incorporated chalked up a net income of P15.06 billion in the first 9 months of the year, up 17% from the same period last year on double-digit growth in...
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Strong mall revenues drive SM Prime's net income
MANILA, Philippines – SM Prime Holdings Incorporated, the country's leading integrated property company, saw its net income increase by 15% to P4.9 billion in the 3rd quarter of the year, from P4.2...
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DOF gets P21.5 M grant from Germany for anti-red tape drive
MANILA, Philippines – The Department of Finance (DOF) has received a P21.5-million grant from the from the German government owned-development bank Kreditanstalt für Wiederaufbau (KfW) Group that...
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Max's Group plans Yellow Cab stores in Kuwait, Bahrain, Oman
MANILA, Philippines – Max's Group Incorporated is expanding its presence in the Middle East by partnering with Qatar-based Silver Group for the establishment of at least 22 Yellow Cab Pizza...
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PH foreign reserves down to $85.75B in October
MANILA, Philippines – The government's gross international reserves (GIR) fell slightly in October due to debt obligations and a global fall in the price of gold.Based on preliminary data, the...
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Chinese suppliers set sights on PH national broadband plan – DICT
MANILA, Philippines – Two Chinese technology suppliers are interested in partnering with the Philippine government for the proposed national broadband network, said the chief of the Department of...
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Metro Pacific raises income target to P11.7B in 2016
MANILA, Philippines – Conglomerate Metro Pacific Investments Corporation (MPIC) raised its 2016 core net income target to P11.7 billion from the initial estimate of P11.5 billion, after it posted...
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Markets, dollar plunge as Trump inches closer to victory
HONG KONG (3rd UPDATE) – Share markets collapsed Wednesday, November 9, and the dollar tumbled against the yen and the euro as Donald Trump looked on course to win the race for the White House, in a...
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Philippine stocks plunge to 7-month low on Trump's stunning win
MANILA, Philippines – The surprising win of Republican presidential candidate Donald Trump mainly caused Philippine stocks to plunge to their lowest level in over 7 months, as investors feared Trump's...
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Shares in Century Properties rally after Trump's US presidential win
MANILA, Philippines – Century Properties Group Incorporated surged on the Philippine Stock Exchange (PSE) on Wednesday, November 9, after its business partner Donald Trump won the United States...
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After SEC, PSE penalizes Liberty Telecoms
MANILA, Philippines – The Philippine Stock Exchange (PSE) has penalized Liberty Telecoms Holdings Incorporated for failing to disclose the reassignment of frequencies to the investing public.In a...
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The pitfalls of Special Economic Zones
For 17 days in December 2012, at least 120 farmers and indigenous Agtas from the towns of Casiguran and San Ildefonso in Aurora province along the Pacific coast of northern Philippines marched 350...
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NTC sets auction for 3rd telco frequencies in 2017
MANILA, Philippines – The National Telecommunications Commission (NTC) will auction off the surrendered spectrum frequencies from San Miguel Corporation in the middle of 2017, in a bid to lure a 3rd...
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Trump's victory challenges Fed policy, independence
WASHINGTON, USA – Donald Trump's surprise victory in the US presidential race raises new questions over Federal Reserve policy in the short run and the central bank's vital operational independence...
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PSE's 9-month income increases by 12%
MANILA, Philippines – The Philippine Stock Exchange Incorporated (PSE) saw its net income increase by 12% in the first 9 months of the year to P507.9 million on lower expenses and higher income from...
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San Miguel to raise as much as P60B from new bonds
MANILA, Philippines – San Miguel Corporation (SMC) plans to raise as much as P60 billion by issuing new bonds over a 3-year period.SMC chief information officer Ferdinand Constantino told the...
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