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Shutdown 'risks petrol shortages'

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Shutdown 'risks petrol shortages' Bosses at Scotland's only crude oil refinery have started a shutdown after claiming an impending strike will compromise safety.

Ineos said the Grangemouth refinery could shut for "at least a month", and warned of major fuel shortages.

About 1,200 members of the Unite union are to strike on 27 and 28 April in a dispute over pensions.

Scottish ministers urged both sides to try to resolve the dispute, instead of "trading commentary" in the...

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TELUS To Provide Funding For Community Projects In PHL

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VANCOUVER (CAN) -- Canada-based contact center and business process outsourcing firm TELUS International Philippines (TIP) has launched an innovative corporate philanthropy program in the Philippines where its operations continue to grow.

Last week, it announced the launch of the TELUS International Philippines Community Board, where charitable organizations can apply for one-time funding for projects in the areas of health and wellness, education and sport, and arts and culture.

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IBON Cautions PHL On Free Trade Agreement

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MANILA -- Independent research group IBON cautions the Aquino government in committing to a free trade agreement with the US, as a US trade official arrives in the country to secure new trade and investment areas, as well as the possibility for a new trade pact.

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Economies sitting on untapped potential, says UN Under-Secretary-General

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SINGAPORE (Aug. 9) – “For the poor and particularly for women of our region, there are some tough times ahead,” Dr. Noleen Heyzer, United Nations Under-Secretary-General and Executive Secretary of the UN Economic and Social Commission for the Asia-Pacific (ESCAP) cautioned a largely female audience at the APEC Women Leaders Network on Wednesday, Aug. 5.

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Canada Gains Access to Philippine Market

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ONTARIO, Canada -- Canadian cattle, sheep and goat producers now are able to market their livestock to the Philippines.

Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast announced recently that the Government of Canada has secured live ruminant market access to the Philippines.

“The Philippines’ market is now open for Canadian exports of live cattle, sheep and goats,” said Minister Ritz.

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Trade Transaction Costs Fall In APEC Region

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Honolulu (HI) – Trade transaction costs across the Asia-Pacific region have fallen 5%, resulting in US$ 58.7 billion in total savings for businesses, research shows.

In a new report released, an independent research team has investigated whether APEC met its target of reducing trade transaction costs between 2007 and 2010, after implementing a comprehensive action plan to facilitate trade in the Asia-Pacific region.

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RP's budget deficit for six months hits P153.4 billion

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MANILA (July 21) -- The Philippines recorded a budget shortfall of P30.2 billion in June, bringing the first-half deficit to P153.4 billion, lower than targeted deficit of P155.1 billion, Finance Secretary Margarito Teves said.

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Dado Banatao: The Filipino Visionary Who Likes To Change The World

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FREMONT, Calif. (jGLi) – Filipino American visionary Dado Banatao is not happy that although he is benefiting in the semiconductor industry, some countries, like China, are guilty of gaming the system.

Banatao, a native of Iguig, Cagayan in the Philippines, told the staff of the Journal Group Link International in one of his companies, Ikanos Communications, here that the semiconductor industry has been complaining against “China and other parts of Asia” for not respecting “intellectual property by doing reverse engineering of our products but we cannot fight them because” they are tolerated by the entire government.

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Canadian Mining Firm Pulls Out Its Operations Amid People Power Protests

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Romblon, PHILIPPINES --- People power has chased away Canadian mining giant, Ivanhoe, from the Philippines -  a move analysts say will impact future exploration projects in the cash strapped Southeast Asian nation.

Ivanhoe Philippines, a subsidiary of Canada-based Ivanhoe Mines, cited low priority exploration target in withdrawing its applications for its project on Tablas Island.

Leo Deiparine, the firm’s president, in a letter sent to the Philippines Mines and Geosciences Bureau (MGB).said there was a consensus decision by the company to withdraw its applications based on Tablas as a low priority exploration target, and the strong opposition of local politicians for the approval of the applications.

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