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Trocafone raises $15 million to expand its used electronics marketplace in emerging markets
TechCrunch - 2017-11-16
Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets. The company, which raised $7 million in a previous round of financing last year ...

MVP urges ASEAN businesses to invest in digital technology
Philstar - 2017-11-16
MANILA, Philippines -- Tycoon Manuel V ... Leading the panel on entrepreneurship in the digital economy during ASEAN Business & Investment Summit Tuesday, Pangilinan said it is important for businesses to continue investing in digital transformation ...

Tesla to unveil electric big-rig truck in midst of Model 3 factory 'hell'
Reuters - 2017-11-16
SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan which is central to the ...

Car rams concrete fence; 3 dead
Philstar - 2017-11-16
BANGAR, La Union , Philippines -- Three persons died when their car crashed into a concrete fence along the highway in Barangay Rising in this town on Wednesday night. The driver of the Honda City, Mark Paul, and Scotch, both surnamed Paua, were ...

3 kids drown in Camarines Norte
Philstar - 2017-11-16
LEGAZPI CITY , Philippines -- A stroll along the seashore turned into a tragedy after three children drowned when they were swept away by a strong undertow in Mercedes, Camarines Norte on Wednesday. Jasmine Sierra, 8, and her siblings John Adrian, 5 ...

Sayyaf man arrested in Basilan
Philstar - 2017-11-16
ZAMBOANGA CITY , Philippines -- An Abu Sayyaf bandit was arrested in Isabela, Basilan at past midnight yesterday. Ustadz Warid Said, alias Ibno Ayob, was collared in his safehouse in Barangay Kumalarang. The arrest was based on a warrant for ...

Non-security Office patches appear with the reprise of KB 2952664 and 2976978
Computer World - 2017-11-16
The usual bunch of non-security Office patches appeared yesterday, along with a couple surprises. Publisher 2007, which is long past end-of-life, got a patch. Plus, we saw the relaunch of two widely despised Windows 7 and 8.1 "compatibility appraiser ...

Microsoft Windows 10 Redstone 4 test build 17040: Lots of fixes, plus a few minor features
ZDNet - 2017-11-16
Microsoft released a new "Redstone 4" build of Windows 10 to Insider testers on the PC Fast and Skip Ahead rings on November 16. This latest test build, No. 17040, includes more fixes than new features. However, there are a few minor feature updates in ...

DOH to purchase P200 M worth of contraceptives
Philstar - 2017-11-16
MANILA, Philippines -- The Department of Health (DOH) is now preparing to purchase P200 million worth of contraceptives following the lifting of the temporary restraining order (TRO) against the Reproductive Health Law. Commission on Population (PopCom ...

GDP grows at better-than-expected 6.9% in Q3
Philstar - 2017-11-16
MANILA, Philippines -- The domestic economy expanded at a better-than-expected pace of 6.9 percent in the third quarter, likely the second fastest in Asia during the period, the National Economic and Development Authority (NEDA) said yesterday. Growth in ...

P30 B retail T-bonds up for sale next week
Philstar - 2017-11-16
MANILA, Philippines -- The government is set to sell at least P30 billion in five-year retail treasury bonds (RTBs) to the general investing public next week, the Bureau of the Treasury (BTr) announced yesterday. In a notice of offering posted in its ...

Share prices fail to sustain early gains
Philstar - 2017-11-16
MANILA, Philippines -- The stock market rose in early trade following the release of the third quarter economic report, but the uptrend was not sustained due to some profit taking. By the close of the trading session, the benchmark Philippine Stock ...

UnionBank readies $1 B term notes
Philstar - 2017-11-16
MANILA, Philippines -- Aboitiz-led Union Bank of the Philippines has completed the establishment of a $1 billion medium term note program to beef up its working capital and at the same time manage its liabilities. UnionBank has tapped Citigroup Global ...

NASA scientists reveal how high-energy particles penetrate Earth's atmosphere
United Press International - 2017-11-16
Nov. 16 (UPI) --Earth's magnetic fields shields Earth and its atmosphere from most of the radiation emitted by the sun. But some high-energy particles sneak into the upper atmosphere, causing colorful auroras near the poles. Thanks to new data collected by ...

San Miguel pays $4.8 M fees to PSALM
Philstar - 2017-11-16
MANILA, Philippines -- San Miguel Corp. has paid $4.8 million in various fees to the Power Sector Assets and Liabilities Management Corp. (PSALM) as of end-October even amid their ongoing dispute over the Ilijan power plant contract. The amount, roughly ...

DOF, JICA sign $142 M loan for Cavite flood control project
Philstar - 2017-11-16
MANILA, Philippines -- The Japan International Coordination Agency (JICA) will extend a ¥15.93 billion ($142 million) loan for a flood control project in Cavite, the Department of Finance (DOF) said Wednesday. The DOF has inked a loan agreement with JICA ...

Vehicle sales up 16% in 10 months
Philstar - 2017-11-16
MANILA, Philippines -- Vehicle sales in the first 10 months of the year went up 16 percent to 339,380 units from 292,502 units in the same period last year, a joint report released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI ...

MRT to have shorter operating hours starting Nov. 17
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 17) -- The Metro Rail Transit Line 3 will have shorter operating hours starting Friday, November 17, following another glitch on Thursday. The MRT will now run from 5:30 a.m. to 10:30 p.m. instead of its usual 5 to ...

NASA spent $1.4 billion on IT, but governance and security issues remain
ZDNet - 2017-11-16
NASA spent $1.4 billion, or 7.6 percent of its $18.5 billion budget, on information technology, but continues to struggle with security and governance, according to the space agency's annual report. The report highlights how NASA has struggled with ...

Oracle pushes emergency patch for critical Tuxedo server vulnerabilities
ZDNet - 2017-11-16
Oracle has released an emergency patch outside of scheduled security updates to resolve serious server vulnerabilities, some of which have achieved top severity ratings. On Thursday, ERPScan revealed the details of the vulnerabilities, which affect the ...

MPIC sets P653-B capex for next 5 years
BusinessWorld Online - 2017-11-16
Including other First Pacific units in the Philippines such as PLDT, Inc. and Philex Mining Corp., Mr. Nicol said the capex for next year would reach around P145 billion. MPIC will fund the aggressive capex program though a combination of equity partners ...

Senate budget debates begin with funds for drug war
BusinessWorld Online - 2017-11-16
anti-illegal drug campaign "Oplan Double Barrel" during the Senate interpellation on the proposed budget of the Department of the Interior and Local Government (DILG) on Thursday, Nov. 16. In an interview with reporters, Senator Panfilo M. Lacson said ...

Tailor-made solutions
BusinessWorld Online - 2017-11-16
BUSINESS TODAY is more competitive than ever. Few companies enjoy the luxury of being the sole provider of a product or service. Indeed, as soon as a new product is introduced to the market, a competitor company will carefully examine it to see how it fares.

Poe calls for Senate Blue Ribbon probe on MRT
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 17) -- Senator Grace Poe on Friday is calling for a Senate Blue Ribbon investigation on the problematic Metro Rail Transit (MRT). Poe heads of the Senate Committee on Public Services that is probing the MRT glitches.

Kaspersky says it obtained NSA files -- but not deliberately
United Press International - 2017-11-16
Nov. 16 (UPI) --Kaspersky Lab, the Russian-headquartered anti-virus company, confirmed Wednesday it extracted sensitive files from a U.S. National Security Agency worker's computer, but said it wasn't a deliberate move. The company conducted its own ...

DOH to resume distribution of 51 contraceptives cleared by FDA
Philippine Daily Inquirer - 2017-11-16
The procurement and distribution of the 51 contraceptives, including the controversial Implanon and Implanon NXT, have been halted following a temporary restraining order by the Supreme Court, pending re-certification of these products. "The DOH supply ...

Duty-Free access to US for agriculture, garments pushed
Philstar - 2017-11-16
MANILA, Philippines -- The Philippines will push for duty-free access of garments, textiles, wrist watches and agriculture products to the US as preliminary talks for a potential bilateral free trade agreement (FTA) would likely start by the end of the month.

Transport official: Missing MRT train 'black box' a possible sabotage
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- A transport official said there could be an attempt to disrupt operations of the Metro Rail Transit (MRT-3), after coaches decoupled on Thursday. "Is the motive to simply cover up the mistake of the train ...

Overdue British explorer 'alive and well,' friend says
United Press International - 2017-11-16
Nov. 16 (UPI) --British explorer Benedict Allen was seen in Papua New Guinea on Thursday, days after he went missing in the rugged island nation. Allen, 57, was spotted near an airstrip "alive and well" according to a tweet by friend Frank Gardner.

The new Star Wars video game is under attack
CNN Money - 2017-11-16
The new Star Wars video game is getting some serious flack from angry fans and worried regulators. Gamers have complained in recent days that it takes huge amounts of time -- or money -- to unlock features in Star Wars Battlefront II. Regulators in Belgium ...

Lawyers file sedition, coup raps vs Trillanes over remarks on Duterte
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- A group of lawyers on Thursday filed a criminal complaint against Senator Antonio Trillanes over a privilege speech he delivered at the Senate on October 3. The complaint was filed by lawyers Eligio Mallari ...

Airbnb to offer more accessible rentals
CNN Money - 2017-11-16
Airbnb, the short-term rental company, knows it needs to do better when it comes to accessibility. The company announced on Thursday it is acquiring Accomable to help connect disabled travelers with more accessible-friendly rentals. The London-based ...

Aggressive JG Summit-FDC Clark Airport offer provokes rivals
Inquirer - 2017-11-16
The Pampanga airport is a heavily underused gateway being positioned as an alternative to congested Ninoy Aquino International Airport in Manila. Clark Airport has lured support because it is an existing facility, however, critics said its location at 100 ...

Get ready to meet 'The Beast:' Tesla's semi-truck rolls out tonight
CNN Money - 2017-11-16
Tesla's long-awaited electric tractor-trailer truck will debut on Thursday night. Tesla CEO Elon Musk has promised a big, powerful truck he has nicknamed "The Beast." A teaser image Telsa (TSLA) has released, showing the truck heavily backlit, reveals a ...

Facebook's 'Trust Indicators' is another small, small step in its fake news battle
Mashable - 2017-11-16
Facebook wants you to know what's fake news and what's not (supposedly) so it is embracing another tool: "Trust Indicators." The tool was created in partnership with the Trust Project, an international consortium of news and digital companies. It's a fancy ...

Palace: Duterte wants legally binding code of conduct on S. China Sea
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- President Rodrigo Duterte wants a legally binding Code of Conduct (COC) on the South China Sea, his spokesperson said Thursday. "As far as we're concerned, we would want it to be legally binding. But we will see.

Remittances reports turn off market; PSEi down 1.27%
Inquirer - 2017-11-16
It was followed by Puregold Price Club Inc. which, however, slid by 1.02 percent to P48.60; Manila Electric Co., down 0.93 percent to P319; Ayala Land Inc., down 0.71 percent to P42.20, and BDO Unibank Inc., down 1.12 percent to P141 per share. Subscribe ...

PH, Russia ties could revive North Luzon railway
Inquirer - 2017-11-16
Railway projects in the Philippines are limited to Luzon ... of LRT-1 to Cavite province and the MRT-7 from Quezon City to Bulacan province. The Duterte administration also said it would pursue a Japan-funded P360-billion Metro Manila subway project ...

U.S. open to free trade agreement with PH
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- The United States is open to a free trade agreement with the Philippines, U.S. Ambassador Sung Kim said Thursday. "The Philippine side has indicated their interest in doing a free trade agreement (FTA) with us.

Passengers walk from Ayala to Buendia stations after MRT train detaches
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- Commuters have been accustomed to Metro Rail Transit (MRT-3) glitches every now and then -- but not from trains detaching from each other. A link between two MRT coaches broke during the Thursday morning ...

Sandiganbayan affirms bail of Jinggoy Estrada
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- The Sandiganbayan has affirmed its earlier decision allowing former Senator Jinggoy Estrada to post bail for plunder and graft charges he is facing over an alleged pork barrel scam. In a ruling issued on ...

China to donate ?1-B for Marawi rehab, signs 14 deals with PH
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 15) -- The rebuilding of Marawi just got a boost from China after Chinese Prime Minister Li Keqiang said his government would be helping rebuild the war-torn city. During Chinese Premier Li Keqiang's visit in ...

Air, ground strikes vs BIFF men launched
Philstar - 2017-11-16
Capt. Arvin Encinas, 6th Infantry Division spokesman, said soldiers of the 40th and 57th Infantry Battalions carried out the operations at around 3 a.m. after BIFF men were monitored massing in Barangays Meta and Timbangan. AFP Westmincom, File MANILA ...

Passengers evacuated after MRT leaves coach behind
Philstar - 2017-11-16
MANILA, Philippines -- A coach of the Metro Rail Transit detached from the train pulling it on Thursday, two days after a passenger nearly lost her arm in an accident along the same train line. Transport Undersecretary Cesar Chavez confirmed the incident ...

Back to reality: Two rush-hour glitches on the MRT-3
CNN Philippines - 2017-11-16
Metro Manila (CNN Philippines, November 16) -- The long ASEAN holidays are over, and it's back to reality -- including the daily MRT glitches. Metro Rail Transit (MRT-3) passengers were forced to disembark from a train at morning rush hour on Thursday ...

Sy clan now ninth richest family in Asia -- Forbes
CNN Philippines - 2017-11-15
The Sy family's SM Investments Corporation has stakes in the retail, banking, and property industry, Family patriarch Henry Sy, Sr. has been the Philippines' richest man for 10 years in a row. He built his family empire starting from "Shoemart," a shoe ...

COA: P12.6B not credited to GSIS, SSS members in 2016
Inquirer - 2017-11-15
The Commission on Audit has called out the Government Service Insurance System and the Social Security System for the delay in crediting P12.645 billion to the accounts of members who paid contributions and loan amortizations as of 2016. In its annual ...

No deal on mega trade pact
Inquirer - 2017-11-15
A mega trade deal that would have linked around 30 percent of the global economy failed to find a substantial conclusion this year. Some countries behind the proposed Regional Comprehensive Economic Partnership (RCEP) still could not agree on some ...

Remittances shrink in September
Philstar - 2017-11-15
MANILA, Philippines -- Remittances from Filipinos abroad declined to a five-month low in September due to the repatriation of undocumented Filipino workers in Saudi Arabia as well as the decision of global correspondent banks to shut down more money ...

Term deposit rates rise
Philstar - 2017-11-15
MANILA, Philippines -- Term deposit fetched higher rates as investors adopt a wait-and-see attitude with regards to the impending rate hike by the US Federal Reserve next month, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The seven-day term ...

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