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Globe Telecom bagged two major citations from Finance Asia, based on a recent poll conducted by the leading financial publication in the region. Globe was listed among the Philippine companies most committed to a strong dividend policy and best investor relations categories. This is the 10th straight year that Globe…

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Four university students were chosen as delegates for a five-day forum in Thailand addressing concerns in the Association of Southeast Asian Nations (Asean), particularly on regional economic and social infrastructure issues. Japan-led Hitachi Asia Ltd. announced on Friday that the four student-representatives from the University of the Philippines (UP), University…

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The PLDT Group is looking to acquire additional stake in Manila Electric Co. (Meralco) if ever San Miguel Corp. (SMC) decides to sell its shares in the country’s giant power distributor. PLDT Chairman Manuel Pangi­linan said that the company is “prepared to assist” should the diversified conglomerate SMC decides to…

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The Bangko Sentral ng Pilipinas (BSP) on Friday announced that “hot money” or foreign portfolio investments to the Philippines in May this year reached $2 billion. This was 31.6 percent higher than the $1.5 billion level recorded last year. However, the figure was 42.8 percent lower than the $3.5 billion…

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Philippine factory output as measured by Volume of Production index (VoPi), rebounded as it registered a two-digit year-on-year increase of 10.3 percent in April 2013, according to the results of the Monthly Integrated Survey of Selected Industries (Missi) released by the National Statistics Office (NSO). It said that five of…

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A top official of Cebu Pacific said that the Philippines would become the low-cost carrier (LCC) capital of the world. “Today, in the Philippines, low-cost carriers dominate. Eight out of 10 seats on the domestic market are low-cost carrier seats. No other aviation market in the world has this kind…

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