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Norwegian Cruise Line ex-CEO sues Branson of Virgin Group

Miami –  The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson’s Virgin Group in federal court in Miami for $300 million over plans by the British billionaire to launch his own luxury cruise line. The lawsuit by Colin Veitch, who oversaw Norwegian from 2000 to 2008, claims that Virgin muscled him […]

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Shipping industry liberalization gains broad support

Representatives from government and industry have expressed support to a proposed bill that would allow non-Philippine-flagged carriers to load and unload international cargoes at multiple ports as long as this does not clash with existing maritime policies. But the representatives from the shipping sector cited the need to first address restrictions posed by the cabotage […]

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Solar Philippines breaks ground for largest solar farm in Luzon

Calatagan, Batangas – After pioneering the nation’s first large-scale solar rooftop projects, Solar Philippines claims a new frontier with the launch of the largest solar farm in Luzon. At the ceremonial groundbreaking of the 50 MW project in Calatagan, Batangas, attended by officials from the local and national government, Solar Philippines President Leandro Leviste marked […]

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P5.8-B Puerto Princesa airport dev’t removed from package up for bidding

The Department of Transportation and Communications (DOTC) has excluded the new Puerto Princesa airport in Palawan from the list of provincial airports that are being offered to investors in bundles under the public-private partnership (PPP) scheme. DOTC Undersecretary Jose Perpetuo Lotilla announced the exclusion of the Puerto Princesa airport in the original bidding of six […]

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Gas plants’ fuel shift to increase Meralco generation charge

The fuel shift of the gas plants at the duration of the Malampaya gas production facility will result in P0.46 per kilowatt hour hike in the generation charge of Manila Electric Company (Meralco) in April billing; and a higher P0.72 per kWh in May. This was based on the initial estimates made by the utility […]

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PH envoy to Spain takes part in air traffic management congress

Philippine Ambassador to Spain Carlos C. Salinas attended the inauguration ceremony of the 3rd edition of the World Air Traffic Management (ATM) Congress held at IFEMA on March 10. The World ATM Congress aims to impart the latest trends and developments in the ATM industry as well as provide networking opportunities to ATM professionals from […]

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3 groups pre-qualified for Laguna Lakeshore project; 3 eyeing CALAX

Only three groups have qualified to bid for the P123-billion Laguna Lakeshore Dike-Expressway project (LLDEP) while another three companies expressed interest in the P35.4-billion Cavite-Laguna Expressway (CALAX) project of the Department of Public Works and Highways (DPWH). Ariel Angeles, the officer-in-charge of Public-Private Partnership (PPP) projects of the DPWH, yesterday confirmed that Team Trident, San […]

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Globe opens PH’s first ‘containerized’ data center

Globe continues to blaze trails in data storage technology as it broke new ground for its new data center, considered the first containerized facility of such kind in the Philippines. A huge leap forward for using advanced technologies, the data center is constructed to house the company’s first facilities in a modular data center rendition. […]

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DBM releases P8B more to Yolanda-affected areas

The national government has released another P8 billion for the rehabilitation and recovery of areas affected by super -typhoon “Yolanda” in 2013, the Department of Budget and Management (DBM) said. In a statement, Budget Secretary Florencio B. Abad said yesterday that the government has disbursed the funds to the National Housing Authority (NHA) for Yolanda-affected […]

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News In Brief

P/$ RATE CLOSES AT P44.55 /$1 The peso exchange rate closed  lower at P44.55  to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from  P44.415  the previous day. The weighted average rate depreciated  to  P44.461 from  P44.402. Total volume amounted to $474.5 million. LOCAL SHARES CLOSE HIGHER Local shares tracked regional […]

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