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Grandway Group Ltd., the joint venture company of Basic Energy Corp. and Petrosolve Sdn Bhd, recently bagged the approval of the registration of its investment in a foreign holding company to be established in Jakarta, Indonesia, named PT. Basic Energi Solusi. Grandway Group, which was established in Hong Kong in…

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Following its strong growth in sales, Toyota Motor Philippines (TMP) on Monday announced the opening of four more dealerships around the country. In a statement, TMP said that it opened Toyota Calamba; Toyota Mandaue South, Cebu; Toyota Marilao, Bulacan; and Toyota Tacloban, Leyte, which will “cater to the growing demand”…

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PARIS: French car manufacturer Renault played down on Monday the effect of the bankruptcy of Israeli-US firm Better Place, a pioneer of rapid changeover of electric-car batteries. Renault said that the collapse of Better Place, for which it had developed a battery-switching technology designed to make it easier for drivers…

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Budget carrier Cebu Pacific achieved a 51-percent market share in the domestic cargo from market during the first quarter of this year, according to recently released Civil Aeronautics Board (CAB) data. “We are very thankful for the support of cargo forwarders and shippers as we bring their cargo to various…


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Real Bank, one of the more progressive thrift banks in the Philippines today, is gearing for further growth by strategically expanding its branch network and offsite ATM’s based on key economic indicators of local businesses, particularly the micro, small and medium enterprises (MSMEs). The expansion will target communities that the…

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Even though the prospects for the local equities remain buoyant, the Philippine stock index welcomed the week with a 2-percent decline to fall deeper into the red as part of an ongoing consolidation phase. “Technically, we were really ripe for a consolidation. We were at the same pace as other…

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