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Metro Pacific unit buys 45% of Vietnam infra firm for P4B

Metro Pacific Tollways Corporation (MPTC), a subsidiary of Metro Pacific Investments Corporation (MPIC), has acquired a 45 percent stake in Vietnam’s CII Bridges and Roads Investment Joint Stock Company (CII B&R) for P4.1 billion. In a disclosure to the Philippine Stock Exchange, MPIC said MPTC entered into an equity investment and financing transaction with Ho […]

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China sets crack down on illegal taxicabs using car-hailing apps

Beijing will crack down on unlicensed vehicles that use car-hailing software including that of Uber Technologies Inc., following the lead of other cities in the Asian nation, China National Radio reported. The Chinese capital will impose fines of as much as 20,000 yuan ($3,200) each on 41 unauthorized vehicles that offered rental services via the […]

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PNB Papal visit advisory

Philippine National Bank (PNB) celebrates with the Filipino people as we welcome Pope Francis in the Philippines. In view of the declared special non-working days for the Papal visit, selected PNB branches in Metro Manila will be open to serve its clients on January 15 and 19, 2015. Please visit www.pnb.com.ph and PNB’s official Facebook […]

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Manila, Tacloban ports remain operational

Ports of Manila and Tacloban will remain operational during the five-day visit of Pope Francis despite road closures and rigid security measures being implemented to ensure the safety of the leader of the Catholic Church. Philippine Ports Authority (PPA) general manager Atty Juan Sta. Ana said the continued operation of the ports is meant to […]

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PH infra pipeline ‘strongest’ in the ASEAN region

Despite delays in implementation, the infrastructure pipeline of the Philippines still emerged as one of the strongest in the ASEAN region because of the number of public-private partnership (PPP) projects that have been signed and are currently being proposed. During a roundtable discussion with top corporate executives held in Makati on Wednesday, James Stuart, Global […]

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Bullish auto industry revises 2015 sales forecast to 310,000 units

A “very bullish” motor vehicle industry has revised upward the 2015 sales target to 310,000 units instead of the original 300,000 sales level even as they continue to press the government to sustain this growth momentum by issuing the promised CARS Program soon. Hikosaburo Shibata, president of the country’s second largest car company Mitsubishi Motor […]

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Tech tips and safety reminders for the Papal visit

With over 10 million Filipinos expected to turn up for the Papal visit, Smart Communications, Inc. (Smart) and Sun Cellular (Sun) shared some tips and reminders to mobile subscribers so they can have a safe experience. “While we prepare our networks in support of this historic visit, we’re also reminding our subscribers about basic safety […]

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Oil traders book supertankers for storage amid falling prices

London– Some of the world’s biggest oil  traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line. Floating storage levels are expected to increase further in coming weeks as trading companies adopt […]

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ICTSI rolls out enhanced online container tracking system

International Container Terminal Services, Inc. (ICTSI) flagship, Manila International Container Terminal (MICT), updated Track and Trace, an online container tracking system developed in-house for MICT customers, to version 4.0.  The latest update further improved overall system functionality and user experience. “The new version of the MICT Track and Trace further enhances the system’s overall functionality […]

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CEB mulling options after being slapped with P52-M fine

Cebu Pacific Air (CEB) now mulls its options after officially receiving Civil Aeronautics Board (CAB)  Resolution No. 4 imposing a P52-million fine on the airline after its delayed flights and high absenteeism affected over 10,000 passengers last month. “We are currently in the process of reviewing the document, and its attendant legal ramifications,” according to […]

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