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Globe’s prepaid base hits 40-million mark

Globe Telecom announced that its prepaid business is in full swing after its customer base breached the 40-million mark amidst intense competition and aggressive switching in the prepaid market. As of end-September 2014, total prepaid base has grown to 40.7 million, up 18% from the 34.5 million customers as of the same period last year. […]

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Agreement paves way for Sicogon development

A compromise and framework agreement between the Federation of Sicogon Island Farmers and Fisherfolk Association (FESIFFA), the Sicogon Development Corporation (SIDECO) and Ayala Land, Inc. (ALI) was signed last November 8 in Estancia, Northern Iloilo, ending a long-standing land dispute and paving the way for much needed community development in the area. The milestone signing […]

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Thrift banks’ income falls 27.6% in Q3

Central bank data showed the 70 thrift banks combined had lower net income in the third quarter, down 27.66 percent year-on-year to P6.86 billion. The Bangko Sentral ng Pilipinas’ (BSP) income statement report for thrift banks said non-interest income, which is income from trading activities, decline by 40 percent to P8.83 billion as of end-September […]

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US, India end impasse that stalled WTO pact

New Delhi– The United States and India said they reached agreement on stockpiling of food by governments, clearing a major stumbling block to a deal to boost world trade. India had insisted on its right to subsidize grains under a national policy to feed its many poor, while the US and others in the World […]

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Eurostar bets on new trains and destinations to grow

London – Eurostar is spending about 300 million pounds ($473 million) on seven new trains to reach more distant destinations in an effort to lure more passengers from aeroplanes to the Channel tunnel. Exactly 20 years after it first connected London and Paris and London and Brussels by rail, Eurostar on Thursday showcased the new-look […]

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Rockwell Land logs P986-M net income in 9 months

Rockwell Land Corporation registered a 7 percent growth in net income to P986.1 million in the first nine months of 2014 from the P923.4 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 12 percent to P6.05 billion from last year’s P5.38 […]

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JG Summit profit surges on one-time gain

JG Summit Holdings Inc. posted an 88.4 percent jump in net income to P15.85 billion for the nine months of 2014, from P8.41 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings were boosted by the recognition of equity earnings from Manila Electric Company, […]

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Filipino consumer confidence remains high

Filipino consumer confidence remains one of the most optimistic globally, ranking in the top five along with two other Southeast Asia markets, according to the latest consumer confidence index of Nielsen. The Nielsen global survey of consumer confidence revealed that with 115 points, the Philippines is consistently the third most confident globally since the last […]

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Newly commissioned 150-MW wind plant to beef up EDC’s profitability

It was a ‘winner-take-all’ race in the award of feed-in-tariff (FIT) to renewable energy (RE) projects, and being first to reach finish line, the Energy Development Corporation (EDC) can now look forward to improved profitability that can be contributed by its newly-commissioned 150-megawatt Burgos wind power project in Ilocos Norte. In an interview with reporters, […]

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