FINALLY: LTFRB asks UBER to pay discounted ₱190 Million to lift the remaining 2 weeks Suspension

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Drivers and operators of UBER System Inc., gather and meet outside its main office in Mandaluyong City, August 15 2017, a day after the Land Transportation and Franchising and Regulatory Board suspended its accreditation and operation. Photo: Manila Bulletin  The LTFRB late Friday night (25th August 2017) announced...

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UBER Asked to pay LTFRB ₱6 Billion to avoid 1-month suspension: Too much

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Uber Philippines asked to pay ₱6 Billion to avoid 1-month suspension. Photo: Tech Wire Asia A transport group leader on Wednesday claimed that Transport Network Company (TNC) Uber Systems Inc. should pay a fine of P6 billion—and not ₱10 million as ordered by the government—in place of its...

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Philippines Rejects EU $278 Million USD Remote Control Fund Loan Grant

Philippines rejected EUROPEAN UNION $278 Million USD Remote Control Fund Loan Grant for 2017 Philippines Rejects European grants The Philippines will no longer accept grants from the European Union, the EU delegation to Manila said Thursday, following repeated tirades from President Rodrigo Duterte over its criticism of his...

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DuterteNomics Unveiled First Subway in The Philippines, Completion of 4 railways in 2022 New Airports, Seaports, Railways, Roads & Bridges

Slide presented at the "Dutertenomics" forum on Tuesday, April 18, 2017 where President Rodrigo Duterte's top officials introduced planned construction projects. DOTr/Released DuterteNomics blueprint unveiled the build, build, and build for the “golden age of infrastructure,” in the Philippines. ₱227 Billion - First Subway in the Philippines for...

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China, Japan, Korea, Russia compete for $2 Billion Nuclear Plant, LNG Philippines Gas project

Russia Floating Nuclear Power Plant Technology. illustration: popsci.com China, Japan compete for $2bn Philippine gas project China and Japan are competing for a $2-billion liquefied natural gas (LNG) project in the Philippines, Energy Secretary Alfonso Cusi told the Nikkei Asian Review. Over 20 companies from eight countries have proposed...

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Philippines to Build First Operational 100 Megawatt Nuclear Power Plant in Sulu this Year

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Modern Nuclear Power Plant Diagram Department of Energy considering Sulu as site for nuclear plant this year Sulu Archipelago in western Mindanao is non-typhoon and non-earthquake prone areas with almost Zero fault line an is among the areas being eyed for a modular nuclear power plant as the...

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Solar Philippines Breakground $150 Million USD Solar Farm in Tarlac

At the ceremonial groundbreaking of the 150-MW Tarlac solar farm, with the first ‘Made in the Philippines’ panels by Solar Philippines are (from left): Energy Secretary Alfonso Cusi, Solar Philippines president Leandro Leviste, Tarlac Governor Susan Yap and Concepcion Mayor Andy Lacson Photo: PhilSTAR Solar pioneer starts 150-MW...

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Seven Japanese trading houses investing $3.9b in Philippines

Sumitomo Farming Technology Seven major Japanese trading houses are looking at investing up to $3.9 billion (₱198.5 billion) in different industries in the Philippines. After his recent trip to Tokyo, Department of Trade and Industry (DTI) secretary Ramon Lopez disclosed on Monday (March 13) that the Japanese companies...

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Philippines to Attract Billion Dollars FDI with Halal Industry Road Map

Halal food processing to help attract investments from Qatar to Philippines Developing the halal market, including the agro-industrial and food processing sectors, could further stimulate FDI inflow into the Philippines, particularly Qatari investments, a Qatari entrepreneur has said. The Philippine government wants to tap opportunities in the halal...

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Malaysian Eyes to Construct 23 Buildings: $2.4 Billion USD For New Federal Government Capital Offices in Clark

Putrajaya Luxury Residence. Photo:worldarchitecturenews.com AlloyMtd eyes RM11bil Philippine ‘Putrajaya’ job AlloyMtd Group has submitted a bid to build a new administrative centre for the Philippines Government at an estimated project development cost of $2.4 Billion US Dollars. Located in the city of Clark, approximately 96 kilometres from Manila,...

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Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016

Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016 Philippines’ FDI inflow hits record high in 2016 THE PHILIPPINES received a record $7.93 billion in actual foreign direct investment (FDI) last year, as sound macroeconomic fundamentals overshadowed the uncertainties brought about by leadership changes within and...

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Finance Minister Dominguez III Asks Jack Ma to Remove Faked Tax Stamps from Alibaba

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Fake BIR Stamps pre-printed by MEIKEI Printing Co., LTD in China for cigarette boxes sold online. The same case as the Mighty Corporation with pre-printed BIR Tax Stamps. Source: https://sc01.alicdn.com/kf/HTB1yKS.NXXXXXatXVXXq6xXFXXXl/Customized-OEM-cigar-label.jpg an image stored at Alibaba server aliccdn.com  Philippines asks Jack Ma to remove fake tax stamps from Alibaba Finance...

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Philippine Export Rose Up 22.5% to $5.1 Billion USD - Fastest in 3 Years

Electronics Export in the Philippines Rose up 22.5% January to $5.1 Billion US Dollars Exports from the Philippines grew at their fastest clip in three years in January as shipments of electronics took off. Exports rose at their quickest pace in three years in January on demand for...

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US-Asean Business Council upbeat on Philippine Economic Prospects

In Photo: Members of the US-Asean Business Council (US-ABC) hosted a roundtable for Trade Undersecretary Nora K. Terrado on February 22 in Washington, D.C.Photo: Business Mirror ‘FOR the first time in three years, the Philippines made it to the worldwide list of top 20 investment destinations of multinational...

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1 BTC - USD Hits 1,120 and Continue Rising for the coming USA SEC ETF Decision March 11

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Bitcoin hit 1,120 USD. Source: Blockchain Friday, February 24, 2017 11:30 PM UTC +8GMT BTC/USD hit an all-time high of 1220 level on Friday and is currently trading at 1209 levels at the time of writing (Bitstamp). Philippine Peso - BTC Exchange rates : ₱60,277.64 Coins.ph exchange rate:  Buy: ₱60,737...

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Why Krugman’s “Bitcoin is Antisocial and Impractical” Argument is Flawed

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Paul Krugman, “economist” and University of New York professor, Photo: The Coin Telegraph Over the past few years, Paul Krugman, “economist” and University of New York professor, continuously criticized Bitcoin and its decentralized nature, describing it as an anti-social network because it does not depend on a state-owned...

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Governments and Banks Push Bitcoin Price to New Levels: Experts

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illustration: rubiztech.com.ng Besides the global influx of new users, government wars and restrictions against Bitcoin appears to be toughening the resilience and character of the cryptocurrency. Bitcoin has exhibited a very strong price character so far in 2017 despite a number of setbacks. This is expressed by the...

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China - Philippines Bridging for the 5G Wireless Internet Preparation 2020

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Philippine Telco's are in the preparation for 5G wireless mobile internet for 2020 What is 5G Mobile Internet? 5th generation mobile networks or 5th generation wireless systems, abbreviated 5G, are the proposed next telecommunications standards beyond the current 4G/IMT-Advanced standards. Rather than faster peak Internet connection speeds, 5G...

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