Philippine Updates
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UnionBank Considering Early Shift Towards EMV Technology
The Aboitiz-led Union Bank is looking to secure its cards with EMV, or Europay MasterCard Visa chip technology. The move is set to be ahead…
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SMB to Sell Php 30 Billion Worth of Shares in March
San Miguel Corp. recently released their indicative timetable of the Php 30 Billion preferred share sale that is set to refinance their existing debt. The…
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Airbus Attains $1.85B order From Philippine Airlines
On Wednesday, Airbus has revealed that it has won a deal worth $1.85 billion with Philippine Airlines. The deal entailed a purchase of Airbus’ A350-900s,…
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SM to Enter Low-Cost Housing Segment
SM Prime is looking into numerous projects that are within the price range of Php 800,000 to Php 1.5 million. Such projects will also comprise…
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RCBC Net Profit Increases by 15%
The Yuchengco conglomerate’s banking arm booked a Php 5.1 billion unaudited consolidated net income for 2015. It has risen by 15%, compared to the Php…
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Life Insurance Premiums Expand by 25%
There are expectations that the life insurance sector will sustain its growth this year. The premium income is seen to rise by a quarter from…
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Expansion of BPOs to Drive Real Estate Demand for 2016
According to BDO Capital and Investment Group, the robust demand for commercial real estate properties will continue to register strong growth, which is primarily driven…
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Hitachi Ltd. Eyes P171 Billion Railway Project
Japanese firm Hitachi Ltd. is considering making a big infrastructure play in the Philippines through railway PPP projects or public-private partnership projects. One of the…
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Billions of Investment in Central Luzon
Members of a group representing Korean business people in Luzon have invested billions of pesos in the businesses that they operate in the region. In…
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Automotive Industry Sales Off to a Speedy Start
The Philippine automotive industry was off to a speedy start in 2016 as sales accelerated by a little over a quarter last month. The Chamber…
