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SM sponsors 275 new scholars, 263 graduates

By Riza Lozada SM Foundation Inc. (SMFI) will sponsor 275 students from public schools nationwide  under its college scholarship program for this year.

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Chevron revs up S&T in schools through FYS bid

Chevron Philippines Inc. (Chevron) will help 33 public schools in Metro Manila upgrade their science and technology (S&T) capabilities through a donation of P150,000 for each school through the Caltex Fuel Your School (FYS) program.

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Huffington Post cites Globe as Philippine leader

Ayala-led Globe Telecom has been cited in American online news site Huffington Post as a Philippine mobile brand that has helped position the country as the “Digital Lifestyle Capital of the World.”

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Bourse transfers to BGC late 2016

By the end of next year, the local stock market will have one trading floor as it moves its headquarters from Makati City to Fort Bonifacio, Taguig City, after bourse operator, Philippine Stock Exchange Inc. (PSE) signed a deal with Fort Bonifacio Development Corp. for the PSE headquarters and its unified trading floor worth P805.37 million.

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8990 eyes 9 new projects this year

Listed mass-housing developer 8990 Holdings Inc. is set to launch nine projects mostly in the Visayas and Mindanao to beef up its inventory of housing units. In addition to the new projects, the 10 ongoing projects will provide a total of 19 projects equivalent to 11,083 housing units for a total gross value of P10 billion this year.

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Bourse revamps system as trade volume grows

The local bourse will start using its new trading system, the PSEtrade XTS, on June 1, 2015, which is a trading engine developed by American stock exchange Nasdaq.

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8990 continues to expand reach for housing development

Regional property developer 8990 Holdings Inc., which has been the leader in the development of low- and middle-cost housing since 1995, continues to expand its reach to various locations in the country.

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IBRS shortens trade processes by half

Reforms launched last April 14 to ease the conduct of doing business in the country have been rolled out successfully in its first month of operation, according to the Securities and Exchange Commission (SEC).

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Despite summer heat, Meralco cuts rate

Listed Manila Electric Co. (Meralco) said electricity bills for May will be reduced by 70 centavos per kilowatt hour (kWh) or P140 for an average household with a consumption of 200 kilowatt hours (kWh).

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EastWest reports 32% profit jump for first quarter

EastWest Banking Corp. reported a 32-percent jump in net income in the first quarter to P600 million from P456 million a year ago, driven by strong growth in recurring revenue base. The bank’s total assets increased by 20 percent to P184.7 billion from P153.8 billion in the same period last year.

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