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STATE-OWNED Development Bank of the Philippines (DBP) reported a 12-percent drop in net income for the first 10 months of the year, tracing the decline to lower securities trading gains. In a statement issued on Friday, the DBP said its net income from January to October fell to P3.95 billion…

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BRUSSELS: European Commission chief Jean-Claude Juncker will next Wednesday unveil his long awaited 300-billion-euro investment plan to boost jobs and growth in the EU’s flagging economy, officials said. Juncker will present details of the ambitious plan to a session of the European Parliament, which is sitting in Strasbourg, France, at…

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FRANKFURT: European Central Bank (ECB) President Mario Draghi said on Friday that the ECB is ready to roll out new policy measures to ward off deflation in the euro area “without any undue delay.” “We will use all means available to us, within our mandate, to return inflation towards our…

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TOKYO: The yen clawed back some losses in Asia after a steep slide over the past week left it at multi-year lows against the dollar and euro, but analysts said another fall could be in store. In Tokyo, the greenback slipped to 117.85 yen, against 118.22 yen in New York,…


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The Land Transportation Franchising and Regulatory Board (LTFRB) said on Friday it is ready to embrace new technology that can improve public land transport and promote public safety. “The board is ready to embrace new technology that can improve public land transportation and promote safety of the public, but we…

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In an editorial on Thursday, The Manila Times criticized the decision of the Manila International Airport Authority (MIAA) to integrate the P550 ‘terminal fee’ charged to travelers passing through the country’s global gateway into the price of airline tickets, because of the extra burden this will place on Overseas Filipino…

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Argentina and Colombia will look to wrap up qualification for next year’s World Cup as South America’s battle for places at the finals in Brazil enters the home stretch. Leaders Argentina have a bye for Friday’s round of fixtures but will be able to guarantee their 11th consecutive World Cup…

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The United Nations (UN) is making a desperate new push for a Syria peace conference even as the United States prepares a possible military strike, according to diplomats. Talks on a conference are to be re-launched at the Group of 20 summit in Russia this week with the 30-month-old conflict…

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John Boehner, the top Republican in the US House of Representatives, has rejected a request to meet a Russian delegation to discuss Syria, his spokesman said on Wednesday. Earlier this week, Russian President Vladimir Putin publicly endorsed plans to send a parliamentary delegation to the United States for talks with…

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Communist rebels in the Philippines smeared a roadside bomb that injured seven soldiers with human faeces and snake venom, the military said Wednesday. The wounded soldiers tested positive for potentially deadly bacteria, said Lieutenant Victor Dado, medical officer at the military hospital where the men were taken for treatment…

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The Philippines said Wednesday it had spotted more concrete blocks allegedly installed by China within Filipino territory in the South China Sea, raising concerns Beijing is planning to build in the disputed waters. Aerial surveillance has discovered about 75 blocks scattered on a section of the Scarborough Shoal, said…

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About 22 detainees bolted the Valencia City Jail Wednesday afternoon, a police report said. One inmate had been recaptured, according to Chief Insp. Surki Sereñas, chief of Police Region Office 10’s Tactical Operations Center. The jailbreak was led by Dionecio Daulog, Albert Espinosa, and two other detainees identified only as…