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EMPERADOR Inc., the liquor unit of tycoon Andrew Tan’s business group, is set to tap the capital market to raise capital for domestic and global expansion. In a filing with the Philippine Stock Exchange, Emperador disclosed on Tuesday that it may soon seek the expertise of some global investment banks…

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THE Department of Energy (DOE) will identify 26 new potential coal and petroleum exploration areas during the launch of the 5th Philippine Energy Contracting Round (PECR5) to be held this coming Friday. PECR is an awarding system that will allow investors to acquire exploration, development, and production of oil and…

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SM Prime Holdings Inc. (SM Prime), the parent firm of SM Group’s major property assets, saw its real estate sales fall in the first quarter of this year, weighing on its overall profit, which grew by only 11 percent. In its financial report enclosed to a disclosure filed in the…

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I had to take a trip to Palawan for an important meeting last Friday. A recently adopted habit is to use SkyScanner to try to find the best ticket price and usually it works quite well, particularly for medium to long haul routes. The volatility of air ticket prices on…

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International Master (IM) Jan Emmanuel Garcia outclassed untitled Javanbakht Nima of Iran to gain a share of the lead after round seven in the boys’ 18-under of the 2013 Asian Youth Chess Championship in Sari, Iran. Garcia raised his output to six points, the same score as Chinese Ma Zhonghan’s,…

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VIENNA – New drugs marketed as “legal highs” and “designer drugs” are emerging fast and in great numbers, and authorities are struggling to keep up, a new UN report warned Wednesday. So-called new psychoactive substances (NPS), often sold under harmless names like spice, bath salts or herbal incense, posed…

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BEIJING – China completed its longest manned space mission Wednesday as its Shenzhou-10 spacecraft and three crew members safely returned to Earth, in a major step towards Beijing’s goal of building a permanent space station by 2020. The return capsule touched down at 8:07 am (0007 GMT), live…

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LOS ANGELES – Michael Jackson’s son Prince was set to take the stand Wednesday at his family’s trial against tour promoter AEG Live, a day after fans marked the fourth anniversary of the singer’s death. A family spokesman confirmed that the 16-year-old, the eldest of the late star’s three…

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JOHANNESBURG – Nelson Mandela’s close family members gathered to hear a somber prayer wishing the anti-apartheid icon a “peaceful, perfect, end” as he lay in hospital in critical condition with his life seemingly slipping away. Cape Town Archbishop Thabo Makgoba visited Pretoria’s Mediclinic Heart Hospital late Tuesday to pray…

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The private oil depot responsible for the oil spill that contaminated portions of the Pasig River on Saturday has been ordered closed by the Manila City Hall. Representatives from the city government, Philippine Coast Guard, and Manila Police were having a dialogue Wednesday with the representatives of Larraine’s Marketing,…