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Farm output rises 4 pct in 2017 on record rice production

MANILA – The Philippines’ agricultural output grew 2.2 percent in the fourth quarter, bringing full-year expansion to 3.95 percent, supported by a record rice production, the statistics agency said on Friday. Farm output accounts for about a tenth of the ...

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Land Bank chief seeks controlling stake in bond exchange

MANILA – The president of state-run Land Bank of the Philippines said Friday he sought board approval to acquire a majority stake in the country’s bond exchange. Land Bank wants to own at least 66.67 percent of the Philippine Dealing ...

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Fears of global crackdown fail to dampen cryptocurrency interest

MIAMI—Worries about a crackdown by global regulators on cryptocurrency trading could slow the pace of bitcoin’s rise but should not threaten its existence, investors and market participants at a cryptocurrency conference said on Thursday. At the North American Bitcoin Conference ...

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Cebu Pacific announces resumption of Tacloban flights, some delays

MANILA – Cebu Pacific announced it will resume flights to and from Tacloban City on Friday. The airline, however, advised passengers to expect flight delays between 9:30 a.m. to 1:30 p.m. due to ongoing repairs at Daniel Z. Romualdez Airport. ...

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PAL Tacloban flights to push through despite scheduled runway repairs

MANILA – Flag carrier Philippine Airlines (PAL) on Thursday said it would push through with its flights to and from Tacloban City despite scheduled repairs at the airport’s runway over the next six days. The runway at the Daniel Z. ...

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Banks in Albay 'strive to deliver' services amid Mount Mayon's fury

MANILA – The Bankers Association of the Philippines (BAP) on Thursday urged the public to contact their local banks that may be affected by Mount Mayon’s activity to ensure their banking needs are met.  As Alert Level 3 remains hoisted ...

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Budget airlines push traffic to record 4.1 billion passengers

A Turkish Airlines aircraft flies over the Golden Horn in Istanbul, Turkey January 17, 2018. Murad Sezer, Reuters MONTREAL, Canada – Budget carriers continued to push global air traffic to new record levels last year, the International Civil Aviation Organization ...

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European stocks dip, bitcoin crashes below $10,000

Bitcoin fell below $ 10,000 for the first time since early December, as the leading cryptocurrency extended Tuesday’s 15% slump. Lucy Nicholson, Reuters Europe’s major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, ...

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Philippine Airlines cancels Tacloban flights

MANILA – The Philippine Airlines on Wednesday cancelled several flights to Tacloban City due to the degradation of the Daniel Z. Romualdez Airport’s runway. The airline said the following flights have been cancelled: – PR 2987– PR 2988– PR 2238– PR ...

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Cebu Pacific cancels several Tacloban flights

MANILA – Cebu Pacific cancelled several Tacloban flights on Wednesday, saying the degradation of the local airport’s runway posed a risk to flight safety. The airline said the following flights have been cancelled: – 5J 653– 5J 654– 5J 657– 5J ...

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