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Despite supply woes, Hyundai vehicle sales up

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In this July 26, 2012, file photo, the logo of Hyundai Motor Co. is seen on its car at the company's showroom in Seoul, South Korea. Hyundai Motor Co. is recalling some Santa Fe SUVs and Sonata sedans because of problems with their air bags.  AP PHOTO/AHN YOUNG-JOON

Hyundai Asia Resources Inc. (Hari), the distributor of Hyundai vehicles in the Philippines, continued its positive streak in September, with sales rising by 34 percent to 2,017 units, despite slight disruptions in supply.

Posted: October 20th, 2014 in Headlines,Latest Business Stories | Read More »

DOTC wants integrated transport project started

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Transportation Secretary Joseph Abaya INQUIRER FILE PHOTO

The Department of Transportation and Communications (DOTC) wants to move forward with its Integrated Transport System public private partnerships deals, which have been delayed partly due to questions on their impact on regulations to govern public vehicles that will use them.

Posted: October 20th, 2014 in Headlines,Latest Business Stories | Read More »

PLDT beefs up Internet infrastructure

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Philippine Long Distance Telephone Co. (PLDT), the country’s biggest telecommunications provider, is looking at a bigger capital spending next year as it continued to expand its network capabilities and coverage, a company official said on Friday. AFP FILE PHOTO / Jay DIRECTO

Philippine Long Distance Telephone Co., the country’s biggest telecommunications provider, increased the coverage of its high-speed Internet infrastructure to over 400 cell sites at the end of last month, according to a statement released over the weekend.

Posted: October 20th, 2014 in Headlines,Latest Business Stories | Read More »

BSP to cap banks’ property lending

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

Local banks will soon be ordered to cap real estate loans at 60 percent of their collateral values, down from the average of 80 percent at present, as banking regulators try to head off the formation of a property bubble in the country.   The move is part of a broad measure of reforms that […]

Posted: October 20th, 2014 in Editor's Pick,Featured Gallery,Headlines,Latest Business Stories | Read More »

AC to sell P15B in shares

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Ayala Corp. has obtained the approval of the Securities and Exchange Commission for its plan to sell as much as P15 billion in preferred shares, a regulatory filing showed.

Posted: October 20th, 2014 in Editor's Pick,Headlines | Read More »

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