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INCREASED internet traffic has helped sustain Smart Communications Inc.’s growth in the first quarter with revenues reaching P14.8 billion, up 2 percent from a year ago. In a statement, PLDT’s wireless unit said wireless individual data revenues climbed 21 percent to P6.5 billion from January to March, accounting for 44…

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MASS housing developer 8990 Holdings, Inc. is targeting gross revenues of P11.5 billion this year as more projects are expected to come online. “We’re looking at least at P11.5 billion target gross revenue for 2018,” 8990 President and Chief Executive Officer Willibaldo Uy told a news conference in Makati City…

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D.M. Consunji, Inc. (DMCI), the construction arm of DMCI Holdings, Inc., expects to book more building projects this year amid the country’s robust economy. “The strong domestic economy is driving the property development sector and we expect to bag more building contracts in the coming quarter. New plant projects will…

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PANGILINAN-LED Metro Pacific Investments Corp. (MPIC) is considering options to make its Singapore power business profitable, which potentially includes consolidation with existing firms in the city-state. MPIC Chief Finance Officer David Nicol said Singapore now had excess power generation capacity after the government encouraged power firms to come in, leading…

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LISTED holding firm Oriental Peninsula Resources Corp. is projecting higher nickel production for 2018 and 2019 despite the continued suspension of its mining unit’s operations pursuant to an order from Department of Environment and Natural Resources. In a disclosure to the Philippine Stock Exchange, the company said it was targeting…

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THE Philippine Competition Commission (PCC) has given its nod to United Technologies Corp.’s acquisition of Rockwell Collins Inc. In a commission decision dated May 15, 2018, the PCC said the transaction would not result in a substantial lessening of competition in relevant markets “as the geographic market for airplane parts…

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SEOUL: The chairman of South Korean conglomerate LG Group has died, company officials said Sunday. He was 73. Koo Bon-moo is credited with expanding the business empire — centred around consumer electronics, displays and chemicals — founded by his grandfather in 1947. During Koo’s more than 20 years as top…

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SAN JOSÉ, UNITED STATES: Jurors return to a Silicon Valley courtroom Monday to put a price on patented iPhone design features copied by Samsung in a legal case dating back seven years. Apple is seeking slightly more than a billion dollars in damages, while Samsung wants a figure closer to…

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TOKYO: Rental platforms like Airbnb are hoping for a boost from a new law coming into force next month in Japan ahead of an expected surge in demand for the 2020 Olympics, but experts warn it could actually hamper business in the short-term. Currently anyone renting out a room risks…

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NEW YORK: Global buyers have dropped nearly $3 billion on art in New York in two weeks, a record haul rooted in a billionaire thirst for trophies, Chinese purchasing power and growing diversification. Christie’s chalked up $1.79 billion in sales, including every single item from the iconic collection of the…

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