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PLDT focuses on home broadband services

Listed telecoms giant Philippine Long Distance Telephone Co. (PLDT) has strengthened its leadership in the home broadband business with both revenues and subscriber numbers growing at double-digit rates as the company rolls out more Fiber-to-the-Home (FTTH) lines and offers a growing range of rich digital content and services in more parts of the country.

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US-Nokor spat pulls down peso, bourse

By Riza Lozada The heated verbal exchanges between officials of the United States and North Korea over missile launches continue to make investors jittery, resulting in another weakness for both the Philippine peso and the stock market.

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Megaworld profit increases 11% in H1

Businessman Andrew Tan’s flagship Megaworld Corp. reported its profit rose 11 percent to P6.69 billion in the first six months from P6.03 billion a year ago.

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Bloomberry net P4B profit in 1st semester

Bloomberry Resorts Corp. posted P4.11 billion net profit in the first semester, its highest for this year.

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Apex leaves group of local mining firms

Apex Mining Co Inc. recently bolted the Chamber of Mines of the Philippines (COMP) which is the influential umbrella group of local miners.

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JG Summit posts flat profit in first semester

Listed conglomerate JG Summit Holdings Inc. reported a consolidated core net income of P15.95 billion in the first half of 2017, slightly lower than the P15.99 billion a year ago.

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Bourse sales up 18% to P662M in 1st half

By Riza Lozada The stock market’s operating revenues for the first six months of the year rose by 18.1 percent to P662.53 million from P560.81 million a year ago, mainly due to double digit gains in listing- and trading-related fees, the Philippine Stock Exchange Inc. (PSE) said.

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Pag-IBIG, DBP tie up for housing loan pays

State housing loan agency Pag-IBIG Fund and the government-run Development Bank of the Philippines (DBP) recently inked a partnership to use DBP’s electronic banking facility, internet payment gateway, and prepaid card for easier and faster payment and collection processes for the Fund. 

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PAL deploys Bombardiers to strengthen local routes

The first commercial flight of the world’s first dual-class turboprop airplane took off last August 1 from Mactan International Airport bound for Caticlan and Clark, marking Philippine Airlines’ (PAL) serious reassertion of its domestic market dominance. 

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MWSS approves rate hike for Manila Water

The regulator Metropolitan Waterworks and Sewerage System (MWSS) approved recently a 1.12% increase or a 28-centavo per cubic meter increase in the Foreign Currency Differential Adjustment (FCDA) for the third quarter of this year for East Zone concessionaire Manila Water Co. 

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