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Duterte creates bank for OFWs

President Duterte has approved the acquisition of the Philippine Postal Savings Bank Inc. by the Land Bank of the Philippines and its conversion into the Overseas Filipino Bank.

Salalima blasts PCC

Department of Information and Communications (DICT) Secretary Rodolfo Salalima took a swipe at Philippine Competition Commission (PCC) Chairman Arsenio Balisacan for what he deemed as unnecessary pronouncement of the former NEDA chief with regards to the current issue on the utilization of the 700 megahertz spectrum.

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PHILIPPINE Internet users have long complained of the very slow Internet speed in this country. The latest affirmation of this fact came the other day when the State of the Internet Report for the last quarter of 2016 said the Philippines has the lowest Internet connection speed among Asia-Pacific countries with 4.5 megabits per second (mbps). A bit higher in the list was India with 5.6 mbps.

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The Publishers Association of the Philippines, Inc. (PAPI) will launch a book, “Survival Instincts of a Woman” by one of its members on Monday, May 21, 6:00 p.m. during a modest cocktail affair at Café Ole, owned by former PAPI president Louie Arriola, fronting the Remedios Circle in Ermita, Manila.

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INTERNET users have long complained of the very slow Internet speed in the country, the slowest in Southeast Asia and one of the slowest in all of Asia. The Philippines has an average Internet speed of only 2.8 megabits per second (mb/s), compared to South Korea’s 26.7, Sweden’s 19.1, Japan’s 17.4, and Hong Kong’s 16.8 in the Akamai Technologies’ State of the Internet report for 2015. In our part of the world, Singapore has 12.5 mb/s; Taiwan, 10.1; and Indonesia, 7.8.

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