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  • Pinoy startup developing new app for travelers, commuters

    May 9, 2018 6:02 PM 5

    A Filipino tech startup is developing an app that aims help travelers and commuters navigate unfamiliar places. The app called "Beyond Wayfinding" goes beyond simple map navigation offered by most apps by helping users commute via public transportation. It can even advise users on the interesting places to visit in an unfamiliar city or area. "What my app is doing

  • DOTr to inaugurate new airport in San Vicente, Palawan

    May 9, 2018 11:45 AM 64

    MANILA - The Department of Transportation (DOTr) is set to inaugurate a new airport in the booming tourist town of San Vicente, Palawan on Thursday May 10. The DOTr said the new airport aims to provide more flights to Palawan and help boost the country’s first "Flagship Tourism Enterprise Zone." San Vicente is home to the country's longest stretch of white

  • ABS-CBN seeks copyright infringement damages in Canada

    May 9, 2018 7:14 AM 6

    MANILA - ABS-CBN said Wednesday it sought 5 million Canadian dollars (P200 million) in damages from an Ontario based retailer for alleged copyright infringement. The Philippines largest media and entertainment network served a claim notice on Dazcon Inc, after it was tipped off on the alleged illegal showing of its movie and TV properties on set-top

  • China's Alibaba buys Pakistan e-commerce firm Daraz

    May 9, 2018 6:59 AM 5

    SHANGHAI - Chinese e-commerce giant Alibaba said Wednesday it had purchased leading Pakistani online retailer Daraz, continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. The move came after Alibaba announced in March a doubling of its investment in Southeast Asian e-commerce firm Lazada. China is seeking

  • US stocks end flat after Trump exits Iran deal

    May 8, 2018 10:53 PM 7

    NEW YORK - Wall Street stocks finished essentially flat Tuesday as investors tried to assess the potential fallout from President Donald Trump's decision to pull the US out of the Iran nuclear accord. The Dow Jones Industrial Average ended the session 24,360.21, just a hair above Monday's close. The broad-based S&P 500 slipped less than 0.1 percent to 2,671.92, while

  • Boeing, Airbus, GE among biggest losers from US Iran shift

    May 8, 2018 10:40 PM 8

    NEW YORK - US President Donald Trump's decision to withdraw from the Iran nuclear pact threatens new business for several big companies, including Boeing, Airbus and General Electric. The 2 aerospace giants were among the companies to receive US Treasury licenses to begin conducting business in Iran under strict oversight after sanctions were lifted

  • Depositors of GSIS Family Bank have until May 13 to file claims

    May 7, 2018 12:00 PM 5

    MANILA - The Philippine Deposit Insurance Corporation (PDIC) on Monday said depositors of the shuttered GSIS Family Bank have until May 13 to file their claims for insured deposits. The central bank ordered the closure of GSIS Family Bank on May 13, 2016. The PDIC said its Charter provides that depositors have two years from bank closure to file their

  • Nestle pays $7.15 billion to sell Starbucks products

    May 7, 2018 6:41 AM 6

    Starbucks president and CEO Kevin Johnson says the deal, which still needs approval from regulators, will create a 'global coffee alliance' The agreement gives Nestle, which owns the Nescafe and Nespresso brands, a strong platform for continued growth in North America, the company said in a statement. "This transaction is a significant step for our coffee

  • 'Cardless' ATM withdrawals available on PSBank, Metrobank

    May 7, 2018 1:14 AM 5

    MANILA - PS Bank said its clients, and those of parent Metrobank, could now withdraw from ATMs during emergencies even without a card. Using the Metrobank of PSBank mobile app, users can generate a 6-digit PIN that is valid for only 30 minutes. Clients can use the "cardless withdrawal" feature for P10,000 per transaction for up to P30,000 daily

  • Dominguez urges ADB to ‘future-proof’ member-countries

    May 5, 2018 10:46 AM 6

    MANILA—Finance Secretary Sonny Dominguez urged the Asian Development Bank to help "future-proof" all 67 member-countries against disruptive change and prevent them "from falling into the wrong side of the digital divide." Dominguez, chairman of the ADB board of governors, lauded the 2030 strategy as a "good beginning" as it provides a road map that will let countries