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Metro Manila’s office space take-up is seen to increase in 2018 after hitting another all-time high last year, a property brokerage services company said on Monday. In a media briefing, Leechiu Property Consultants President David Leechiu said 2017’s take-up rose to 775,000 square meters (sqm). “It’s our 15th all-time high…

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I’M not sure if you’ve noticed it. For decades now, some brilliant manufacturers have been using for their products those reverse bottles with spouts on the bottom rather than at the top, similar to what you would imagine plastic containers of ketchup, mayonnaise, even shampoo and conditioner to be. What’s…

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HENRY SY-led SM Prime Holdings, Inc. saw recurring net income grow 16 percent last year to P27.6 billion from P23.8 billion in 2016 on the back of increased sales from new malls and residential projects, underpinned by the sustained economic growth. “SM Prime continues to benefit from the sustained overall…

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WEST Zone concessionaire Maynilad Water Services, Inc. is investing more than P9 billion for water and wastewater infrastructure projects this year. Maynilad said on Monday that about P6.5 billion, or two-thirds of its capital expenditures (capex) for 2018, would be allocated for water infrastructure. About P2.6 billion of the P6.5…

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AYALA-LED Manila Water Co., Inc. has acquired a stake in a listed water company in Thailand, marking its continuous expansion in Southeast Asia. Manila Water said on Monday that it had signed a share purchase agreement with Electricity Generating Public Co. Ltd (EGCO) to purchase EGCO’s 18.72 percent equity in…

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SEOUL: South Korean President Moon Jae-in called Monday for a “stern” response to new US tariffs on the South’s exports as concern grew over looming trade restrictions by Washington. US President Donald Trump last week threatened retaliatory action against China and South Korea and vowed to revise or scrap a…

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PARIS: EU Economic Affairs Commissioner Pierre Moscovici said Sunday he does not expect a “perfect” accord on reforming the single currency at an EU summit in June. “We won’t get everything, we won’t have a perfect accord, but if there is progress on crisis management, the ability to combat shocks……

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ABU DHABI: Abu Dhabi National Oil Co. (ADNOC) said Sunday it has awarded Spanish Cepsa firm a 20 percent share in a concession of two offshore oil fields in a deal worth $1.5 billion. The 40-year deal aims to double production at the emirate’s offshore fields of SARB and Umm…

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TOKYO: Japan logged a trade deficit in January, the first negative figure in eight months, as imports of fossil fuel overwhelmed the revenue from exports, government data showed Monday. The world’s third-largest economy registered a trade balance deficit of 943.4 billion yen ($887 million) in January, the first since May…

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SYDNEY: Unibail-Rodamco Monday ruled out increasing its bid for Australia’s Westfield shopping mall operator despite the cash and script offer losing its premium after a fall in the French property giant’s share price. The two companies announced the deal, which would be the biggest-ever corporate takeover in Australia, in December.…

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