Bizsnippets
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World Bank Warns SSS of Asset Depletion in 28 Years
The World Bank revealed in a report that assets of the Social Security System (SSS) could be depleted in about 28 years if crucial reforms…
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Philippines to Seek Senate Ratification of AIIB
Finance Secretary Carlos Dominguez said the plan to ratify participation in the China-led Asian Infrastructure Investment Bank (AIIB) has not changed. The Philippines became a…
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7 Eleven Reaps Up to P290M from Election Spending
In its latest filing, 7-Eleven Philippines garnered a net income of up to P290 million in April compared to its P243.6M income in June revenue…
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Cemex Opens Strong in Stock Market Debut
The entry of Cemex Holdings Philippines Inc. (CHP) in the market was met with strong reception from investors, enabling the company to raise P25.13 billion…
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European Researchers Created ‘Super Spaghetti’
For pasta lovers who have mixed feelings about carbohydrates, a group of European researchers have found a good alternative for them. According to Vito Verardo,…
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Softbank Acquires ARM Holdings for $32 billion
Japanese telecom corporation Softbank has closed one of the biggest acquisitions in the tech industry with its $32 billion buyout of U.K.-based ARM Holdings (ARM)…
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Nintendo Unveils NES Classic Version
If you’ve been playing video games over the last two decades, then you might have owned the first ever video game console from Nintendo–the Nintendo…
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LINE Generates Largest Tech IPO by Selling Stickers
LINE, a popular Japanese messaging app is set to release the biggest tech initial public offering (IPO) this year. LINE is known for its oversized…
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PH Government to Increase Fuel Excise Tax
According to Finance Secretary Mr. Carlos Dominguez III, the new administration would back for an increase excise taxes on fuels, perceiving that the perfect timing…
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Filipino Businessmen Expect Robust Trade with China Despite Hague Ruling
The international tribunal ruling on the South China Sea dispute has generated a lot of speculations regarding the future of the Philippines’ trade relationship with…
