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SEC approves PPP listing rules
MANILA, Philippines – The Philippine Stock Exchange (PSE) is opening its doors to companies which have bagged public-private partnership (PPP) projects worth at least P5 billion, after the local...
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Bashed on trade, China may benefit from President Trump
BEIJING, China – The world's second-largest economy is US President-elect Donald Trump's designated bogeyman, threatening it on the campaign trail with tariffs for stealing American jobs, but analysts...
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OPEC pumping oil at record levels ahead of crunch meeting – IEA
PARIS, France – Output by OPEC oil producers has reached record levels, the International Energy Agency (IEA) said Thursday, November 10, raising fears a global oil glut will continue to weigh on...
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Malaysian investors eye more palm oil plantations in PH
MANILA, Philippines – During President Rodrigo Duterte's visit to Malaysia, Malaysian businessmen expressed their interest in investing in palm oil plantations in the Philippines."Malaysian investors...
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Real estate, water drag DMCI Holdings' net income
MANILA, Philippines – Engineering conglomerate DMCI Holdings Incorporated saw its 9-month net income fall by 6% to P9.2 billion, dragged by lower profit contributions from its real estate, nickel...
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Ayala Corp sees 11% growth in net income
MANILA, Philippines – The country’s oldest conglomerate, Ayala Corporation (AC), saw its net income expand by 11% to P19.6 billion in the first 9 months of the year, after its banking, real estate, and...
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Chinese spend billions on Singles' Day
SHANGHAI, China – Chinese shoppers unleashed a record deluge of cash online for Singles' Day on Friday, November 11, Alibaba said, spending almost $18 billion with the e-commerce giant in the world's...
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PH making 'steady progress' on social protection – ADB
MANILA, Philippines – The Philippines has made progress in ensuring that its most vulnerable citizens are protected, according to a new study by the Asian Development Bank (ADB).In the latest edition...
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A Brown, MTD Philippines team up for new PNR East-West Rail proposal
MANILA, Philippines – Real estate developer A Brown Company Incorporated has partnered with the local unit of Malaysian infrastructure conglomerate AlloyMTD to pitch a proposal for a railway that would...
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#AskTheTaxWhiz: Top 10 common violations of startups
In connection with the top 10 frequently asked tax questions startups ask, here's the other side: the most common tax violations and what startups could lose.In relation to BIR registration...
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Saudi oil minister says OPEC production cut 'imperative'
ALGIERS, Algeria – Saudi Arabia's oil minister said it was "imperative" that OPEC nations finalize an agreement over a cut in oil production aimed at boosting crude prices, Algerian media said Sunday,...
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Japan posts forecast-beating growth in 3rd quarter
TOKYO, Japan – Japan's economy expanded more than expected in the third quarter as exports offset slack consumer spending, government data showed Monday, November 14, offering up some rare good news...
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Gov’t to review foreign investment negative list in May 2017
MANILA, Philippines – The move to open up the economy to more foreigner players got a boost as the Department of Finance pegged May 2017 as an opportunity to remove some of the restrictions found on...
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MVP: PLDT expects lower income for 'horrible' 2016
MANILA, Philippines – PLDT Incorporated lowered its core income guidance to P28 billion for 2016, after it booked a 50% plunge in the 3rd quarter, mainly due to lower revenues as well as higher costs...
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2 ex-Pagcor officials added to P234-M plunder complaint
MANILA, Philippines – The Volunteers Against Crime and Corruption (VACC) added two more officials to the plunder complaint it filed in connection with an allegedly anomalous lease contract entered into...
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PH peso sinks to near 8-year low of P49.20 to $1
MANILA, Philippines – The Philippine peso dropped to an almost 8-year low against the US dollar after the Federal Reserve minutes pointed to a rate hike "relatively soon."On Monday, November 14, the...
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DOF to implement lifestyle checks on Customs officials
MANILA, Philippines – The Department of Finance (DOF) will enact stricter measures, including checking the bank accounts of executives at the Bureau of Customs (BOC), in order to curb corruption at the...
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Bloomberry reports turnaround profit on gaming, non-gaming units
MANILA, Philippines – Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino, booked net profit of P1.59 billion in the first 9 months of 2016, a significant turnaround...
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NEDA board approves Tutuban-Sorsogon railway, 7 other projects
MANILA, Philippines (UPDATED) – The National Economic and Development Authority (NEDA) Board, chaired by President Rodrigo Duterte, approved 9 projects on Monday, November 14.One of the projects...
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Gokongwei's JG Summit sees income jump almost 50%
MANILA, Philippines – JG Summit Holdings Incorporated, the listed holding company of the Gokongwei group, grew its 9-month net income by 44.4% to P23.2 billion, compared to P16.1 billion recorded in...
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