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Tax reform may determine peso's long-term fate – expert
MANILA, Philippines — The government's comprehensive tax reform package could be key to determining the peso's future, according to a risk consultant."[Tax reform] is probably for us the most important...
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Asian millennials face cash shortage at retirement – Manulife
MANILA, Philippines – Asian millennials risk being short of cash in their later years, with a significant number of them expecting to still be paying for mortgages upon retirement.This was the main...
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Plaridel Bypass road ready by end-2017 or early 2018
MALOLOS, Bulacan – A 24.61-kilometer arterial road that will link the North Luzon Expressway (NLEX) with the Philippine-Japan Friendship Highway in San Rafael, Bulacan is expected to be completed by...
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BIR misses 2016 revenue target
MANILA, Philippines – The Bureau of Internal Revenue failed to meet its P1.62-trillion target for 2016, collecting only P1.57 trillion in taxes last year, BIR Commissioner Caesar Dulay said on...
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PCC to gov't: Make it easier for foreigners to do PH construction projects
MANILA, Philippines – Removing restrictions against foreign construction firms could bring in P210 billion worth of private construction projects and lead to more affordable properties, according to...
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Ayala Corp takes 43.3% stake in Zalora PH
MANILA, Philippines – Ayala Corporation, the holding company of the Ayala conglomerate, formally entered the country's thriving e-commerce industry by taking a significant stake in Zalora Philippines,...
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Alitalia cancellations affect thousands
MILAN, Italy – A strike at Alitalia hit the travel plans of thousands of people on Thursday, February 23, as the Italian carrier was forced to cancel 60% of flights.Unions called a 4-hour stoppage...
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#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?
Are you supporting the comprehensive tax reform package proposed by the Department of Finance (DOF)? What are the salient points in the proposed bill? Is it really pro-poor?Yes. As a tax advocate for...
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BSP liberalizes bank licensing regulations
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) approved new regulations for granting licenses to banks and other financial institutions, after years of restrictions."The (BSP) Monetary...
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Asia trade talks resume after U.S. exit dashes hopes for TPP deal
TOKYO, Japan – Negotiators from 16 Asia-Pacific countries on Monday, February 27, held their first round of free-trade talks since hopes faded of reaching a separate regional deal after the US pulled...
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Century Properties enters first-home market segment
MANILA, Philippines – Upscale real estate developer Century Properties Group Incorporated is opening its doors to first-time homebuyers by pouring P2 billion into its maiden affordable housing project...
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ArthaLand, China Railway, Knusford Berhad partner for Cebu infra deal
MANILA, Philippines – Boutique property developer ArthaLand Corporation tapped the subsidiary of China Railway Group Limited and Malaysia-based Knusford Berhad for the construction of its 38-storey...
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Philippine peso continues to dip, hits new 10-year low
MANILA, Philippines – The Philippine peso shed 5.5 centavos to hit a fresh 10-year low of P50.27 to $1 on Monday, February 27, from the 50.215 to $1 last Friday, February 24, amid the expected rate...
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Asia must spend $26-T on infrastructure by 2030 – ADB
HONG KONG – Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday, February...
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Over 200 ‘5-6’ lenders applying for registration – SEC
MANILA, Philippines – The government crackdown on informal or "5-6” lenders is starting to bear fruit as over 200 of them have applied for registration, according to a report of the Securities and...
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Phoenix Semiconductor seals deals for Clark plant expansion
MANILA, Philippines – Korean-owned semiconductor company Phoenix Semiconductor Philippines Corporation (PSPC) signed contracts for the expansion of its manufacturing plant in Clark Freeport Zone,...
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Cebu Pacific to resume Surigao flights on March 11
MANILA, Philippines – Gokongwei-led Cebu Pacific is scheduled to resume flights to and from Surigao City on March 11, after the Civil Aviation Authority of the Philippines (CAAP) last week declared the...
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Razon-led ICTSI ends contract with Port of Portland
MANILA, Philippines – After 5 years of labor strife, Philippine-listed International Container Terminal Services Incorporated (ICTSI) and the Port of Portland agreed to terminate the 25-year lease...
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PH economy kicks off 2017 with robust liquidity, bank lending
MANILA, Philippines – The country's financial sector began 2017 with domestic liquidity and bank lending both sustaining the gains seen last year.Preliminary data released by the Bangko Sentral ng...
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Cebu Landmasters sets P12B capital spending until 2018
MANILA, Philippines – Cebu Landmasters Incorporated, a property developer planning to conduct an initial public offering (IPO) in 2017, said it has earmarked P12 billion in capital expenditures over...
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