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THE Philippine Stock Exchange index (PSEi) was firmer at the start of the week on selective buying, bucking regional weakness following news that Japan has officially entered a recession. Optimism over the upcoming release of third-quarter gross domestic product (GDP) figures on November 27 also buoyed local sentiment as earnings…

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DESPITE the looming power shortage next year, the Electric Vehicles Association of the Philippines (EVAP) remains firm in promoting the use of electric vehicles in the country. EVAP President Rommel Juan said electric vehicles should not be viewed as a contributor to the country’s power problems. “Electric vehicles must not…

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THE Energy department is set to award next month coal areas for operation and development to the private sector under the Philippine Energy Contracting Round 5. According to Energy Undersecretary Zenaida Monsada, they are targeting to award the contract to the private sector by December 18. “The target is next…

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THE Department of Transportation and Communications (DOTC) said on Monday that it is studying the proposal of San Miguel Corp.’s Universal LRT Corp. (ULC) to build a second common station at SM North EDSA that would connect Metro Rail Transit Line 3 and the future MRT-7. DOTC Secretary Emilio Joseph…


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Profit margins at the country’s two dominant telecommunication players are expected to narrow next year as revenues from text messages continue to shrink, Fitch Ratings said in a forecast. The rating agency said profitability for Philippine Long Distance Telephone Co (PLDT) and Globe Telecom Inc. would slip as lower-margin data…

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AYALA Corp. (AC) is expecting to post 25 to 30 percent growth in net income for 2014 on the back of increased projects in power and infrastructure and the strong performance of its telecommunications business. “Last year, we have about P14 billion [core] net income. So this year, we want…

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THERE is a big chance that the scheduled election for Sangunian Kabataan (SK) officials this October will not push through, Sen. Ferdinand  “Bong Bong” Marcos Jr. said Marcos, in an interview with reporters, disclosed that there seems be a  consensus both from the national government and other concerned parties to…

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Russia on Thursday hosts the G20 summit hoping to push forward an agenda to stimulate growth but with world leaders distracted by divisions on the prospect of US-led military action in Syria. After US President Barack Obama’s surprise decision to seek the backing of Congress for strikes against President Bashar…

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The Department of Foreign Affairs (DFA) said on Tuesday that is awaiting further confirmation about reports of China’s “fresh violation” in the contested West Philippine Sea (South China Sea). “We are awaiting further confirmation. Jointly with DND [Department of National Defense], we are committed to look at ways to appropriately…

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The House of Representatives is set to scrap the Priority Development Assistance Fund (PDAF) for good by removing congressional discretion on allocating the said government fund. Reps. Elpidio Barzaga of Dasmariñas and Dan Fernandez of Laguna province made the announcement in light of the lingering public outrage over the alleged…