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May 22, 2017 4:13 PM Duterte off to Russia in blow to US

DAVAO CITY—Self-styled socialist President Duterte flew to Russia on Monday to meet his hero, seek arms and steer the Philippines’ foreign policy course further away from its longtime ally, the United States. The five-day trip will cement a dramatic improvement in ties between the two nations since Mr. Duterte came to power last year and began unraveling 5

May 22, 2017 2:28 AM DOTr to fast-track P120B 1st phase of Mindanao railway project

MANILA — The Duterte administration plans to fast-track the rollout of the P120-billion initial phase of the Mindanao Railway project that will connect the southern island’s major cities. The Department of Transportation last week submitted to the National Economic and Development Authority the feasibility study for the 100-kilometer “high priority 3

May 21, 2017 4:00 PM ABS-CBN allots P3 B for DTH, broadband biz

MANILA, Philippines - ABS-CBN Corp. is planning to spend over P3 billion for its direct-to-home (DTH) and broadband businesses this year. ABS-CBN chief financial officer Aldrin Cerrado told reporters the company is looking to spend around P3.3 billion for the DTH pay TV service as well as the broadband business this year. The company is looking to invest 4

May 20, 2017 10:22 AM Iran president Rouhani wins re-election

TEHRAN, Iran—Iranian President Hassan Rouhani won a resounding re-election victory on Saturday as voters backed his efforts to rebuild foreign ties and kickstart the struggling economy. Interior Minister Abdolreza Rahmani Fazli confirmed the result on state television, saying Rouhani had won 23.5 million votes — 57 percent — compared to 15.8 million 10

May 18, 2017 6:24 AM Palace clarifies: PH not accepting EU grants 'with conditions'

The Philippines clarifies it will continue to accept grants, like humanitarian aid, that will not come with conditions it finds 'objectionable' "The President has approved the recommendation of the Department of Finance not to accept grants – this is not necesarily humanitarian aid from the EU – that may allow it to interfere with the internal poicies 5

May 18, 2017 4:37 AM Palace: Gov’t won’t accept EU grants if they allow interference

Malacañang on Thursday said President Rodrigo Duterte had approved the recommendation of the Department of Finance (DOF) to reject grants from the European Union (EU) that “may allow it to interfere with internal affairs” of the Philippines. In a press briefing, presidential spokesperson Ernesto Abella said the rejection of financial assistance from EU would 16

May 18, 2017 3:08 AM Philippines ends P13.8-B funding deal with European Union

MANILA, Philippines (UPDATE 2 10:05 a.m.) — The Philippine government has decided to end its funding agreement with the European Union (EU), the EU delegation to the Philippines confirmed Thursday. EU Ambassador to the Philippines Franz Jessen said in previous reports that the government has informed them that the country will no longer accept new EU grants 15

May 18, 2017 1:02 AM Don't let dictator Duterte mortgage our future like Marcos did

'A dictator once mortgaged our future to imperialist powers and bankrupted this nation. We cannot let another dictator do that again.' Duterte’s relationship with China may be as personal as it is now official government policy. And it is paying off. In the recent UNHRC universal periodic review for the Philippines, only China out of 47 countries believed 2

May 18, 2017 12:09 AM Philippines likely grew 6.8% in Q1 – DBS

MANILA, Philippines - The Philippine economy likely grew further in the first quarter, fueled by robust private consumption, according to DBS Bank Ltd. of Singapore. Gundy Cahyadi, economist at DBS, said the economy likely accelerated by 6.8 percent in the first quarter from 6.6 percent in the fourth quarter of last year. Aside from strong private consumption 6

May 17, 2017 4:12 PM PLDT home broadband unit reports 10% growth in subscriber base

PLDT Inc. said its home broadband unit saw record growth in subscribers during the first quarter of 2017. PLDT said its unit, PLDT HOME, registered a 10-percent year-on-year growth in its subscriber base during the quarter, as it added 340,000 customers. It said revenues from both voice and data increased by 6 percent and 16 percent, respectively, during 4