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But it’s seeing explosive growth in its ecommerce business.
The SSI Group reported a net loss of P476 million during the firt six months of 2020, a full 180-degree turn from its P346 million net income during the same period last year. Also read: Is This Why Kawali Handles are Short and HollowThe ...
 
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Losses wiped out cash infusion of P17.7 billion since last year.
PAL Holdings Inc., the parent company of the nation’s flag carrier Philippine Airlines, reported a comprehensive loss of P22.02 billion in the first six months of 2020. That’s P19.01 billion higher than the P3.01 billion loss it reported in the same period ...
 
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He announced he was positive for the virus on July 15.
Department of Public Works and Highways Secretary Mark Villar is celebrating his birthday today, August 14. And it was good to see him up and about with his wife, Emmeline Aglipay Villar, and their daughter, Emma.Villar, now 42, announced he was positive ...
 
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Yet he is still CEO and Chairman of the company.
Billionaire businessman Dennis Uy has resigned as president of Dito CME Holdings Corp., the media arm of Uy’s Udenna Corp. Despite stepping down as president of the company, Uy remains on the board as Chairman and CEO.He has been replaced by Ernesto ...
 
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In college, your course doesn't necessarily indicate the industry you'll find yourself in after graduation.
In college, your course doesn't necessarily indicate the industry you'll find yourself in after graduation. While our majors may influence the career path we hope to take in the future, they also don't limit us when it comes to choosing prospective jobs, even ...
 
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The 60-year-old facility will be transformed into an import terminal.
Pilipinas Shell Petroleum Corporation is shutting down its refinery operations in its Tabangao facility in Batangas largely due to the coronavirus pandemic that has yet to show signs of abating in the country. Also read: 25 Famous Landmarks from Old ManilaInstead, the facility will ...
 
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Sanchez and Roxas were wed in 2009.
TV personality Korina Sanchez says she is financially independent from her husband, Mar Roxas."Hindi ako humihingi ng pera sa asawa ko," said Sanchez, in an Instagram TV interview with G3 San Diego, reports Pep.Recapping the interview on her own Instagram account, Sanchez said ...
 
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A look into the life of a man who's left an indelible mark as an entrepreneur, industrialist, businessman, and philanthropist.
The story of John Gokongwei, Jr. is one that has inspired many. From selling soap at a public market, he turned his fortune around to become one of the country's wealthiest individuals. On what would have been his 94th birthday, we pay ...
 
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But PNB posted a 64% decrease in earnings during the same period.
Tycoon Lucio Tan’s listed LT Group reported total attributable net income of P10.03 billion in the first six months of 2020, up P790 million or nine percent compared to P9.24 billion during the same period in 2019. The company bucked the downward trend ...
 
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Artists around the country have lost their source of income due to this extended lockdown.
The pandemic has affected everyone just when people were getting back on their feet, pursuing their dreams, or reaching their goals. In what feels like an instant, the hard work of many was undone by lockdown.Top story: The Story of Silahis/Grand Boulevard HotelRestaurants ...
 
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The founder of Megaworld downloaded the Smule app himself.
Alliance Global chairman Andrew Tan loves to sing and is always happy to oblige with a song or two when at a public gathering.Quarantined at home these past few months, the billionaire founder of Megaworld recently downloaded Smule, an online version of ...
 
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'The cat is out of the bag.'
CEOs, current and former, of the country’s leading tech companies are teaming up to combat COVID-19 with a state-of-the-art contact tracing app that will utilize Google and Apple’s exclusive exposure notification system (Google/iOS EN API).Top story: The Story of Silahis/Grand Boulevard HotelPhilippine Seven ...
 
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Digital-first companies UnionBank and Lazada team up to make online shopping worthwhile.  
The Worst Year Ever has forced people to do things differently. We wear masks. We don’t wear shoes. We work via screens. We are more distrustful of strangers who may be potential carriers of a deadly virus. We are also doing most ...
 
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Open call for small business owners and entrepreneurs is ongoing.
Filipino entrepreneurs looking for support in these tough times will be interested to know that there’s an opportunity waiting for them via a new reality TV show, where they can win P1 million in funding. Project Go is a program developed for ...
 
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Even though it’s been abandoned for years.
Anyone who has ever passed through Roxas Boulevard must have seen that massive building in Manila’s Malate district. It still bears the sign of Grand Boulevard Hotel, but those of a certain age remember it as Silahis Hotel. The building has been ...
 
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Well, this one's obvious.
Today in obvious news: Mo' money, mo' health problems. According to a study by the European Society of Cardiology, working men with higher incomes are more likely to develop hypertension. All over the world, more than one billion people have high blood pressure. It's the ...
 
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For the rookies in the trading scene.
Suck at money? Congrats. You’re part of the 99 percent of people in their 20s floundering when it comes to finance. Adulting is hard, and money is harder—especially when it’s your own and not your parents. My Two Cents is here to ...
 
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Dennis Anthony Uy says the company is doing everything it can to respond to its customer’s needs.
Converge ICT Solutions Inc. has issued a statement addressing customer complaints related to its internet services. The statement comes from no less than the founder and CEO of Converge ICT, Dennis Anthony Uy.Also read: The Most Prominent Families in Manila“I am reaching out to ...
 
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He was 45.
Christopher Bauer, a former business partner and employee of German company Wirecard, has reportedly died in the Philippines at the age of 45.Top story: Why Andrew Carnegie Offered To Buy The Philippines’ Freedom For $20 MillionHis date of death, based on his widow’s ...
 
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Toyota issued the latest warning as it reported a 74.3-percent plunge in net profit for the second quarter.
People aren't buying new cars. Hell, people aren't driving. Toyota has warned of a 64-percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.Top Story: Why American Billionaire Andrew Carnegie Offered To Buy ...
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