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SM, Robinsons mall rivalry moves to Albay

Rival mall operators SM Prime Holdings and Robin­son’s of the Gokongwei group are planning to put up sepa­rate mall projects in Legazpi City, Albay starting with the P1.5-billion SM City Legaz­pi which will break ground in January next year.

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ICTSI unveils phase 1 of Iraq terminal project

Global port operator Inter­national Container Terminal Services Inc. (ICTSI) recently opened the first phase of its new greenfield terminal develop­ment at its Basra Gateway Ter­minal in the North Port, Umm Qasr, Iraq.

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Globe chief retains slot in Power 100

Globe Telecom President and CEO Ernest Cu retained kept the distinc­tion of being one of the most powerful telecommunication executives in the world following his inclusion on the elite list of Global Telecoms Business Power 100 for 2016.

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SEC eyes lower float limit for REIT at 33%

By Riza Lozada The Securities and Exchange Commission (SEC) is pushing for a lower minimum float public requirement of real estate investment trusts (REIT) at 33 percent from the current 40 percent to encourage property ownership and promote development of the capital market.

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Ongpin sells PhilWeb stake to Araneta group

The controlling stakes of businessman Roberto V. Ongpin at PhilWeb Corp. was sold to the company of Gregorio Ma. Araneta for about P2 billion, PhilWeb reported to the stock exchange.

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LTO, SM sign agreement

In an effort to bring the services closer to the public, the Land Transportation Office (LTO) and SM Prime Holdings, Inc. on Tuesday signed a memorandum of agreement allowing the LTO to occupy a space for the Drivers License Renewal Center (DLRC) in various SM malls free of charge.

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LT Group unit to bid for $1.6-billion Naia project

Asia’s Emerging Dragon Corp. (AEDC) of the Lucio Tan Group will submit an offer for the redevelopment of the Ninoy Aquino International Airport (Naia) under the government’s Public-Private Partnership (PPP) scheme.

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SM malls, other local brands cited in London global awards

Local brands were declared winners in the recent prestigious World Branding Award 2016 at a gala dinner held at Kensington Palace in London, the Department of Foreign Affairs (DFA) said in a statement.

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Shell slates Nov. 3 IPO, sets price at P90/share

By Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC), a unit of Royal Dutch Shell, hopes to raise up to P2.7 billion in its initial public offer (IPO) through the issuance of 300 million shares including 30 million in new shares at an indicative price of 90 each.

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ICTSI’s Brunei affiliate feted as best employer at Singapore event

The New Muara Container Terminal Services Sdn. Bhd. (NMCTS), a unit of International Container Terminal Services Inc. (ICTSI) and port services provider at the Port of Muara in Brunei, was recently honored at the 7th CMO Asia’s Best Employer Brand Awards 2016 in Singapore.

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