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BSP warns public anew against fake PH bills
MANILA, Philippines – With more money circulating this holiday season, the Bangko Sentral ng Pilipinas (BSP) warned the public anew to be more vigilant against fake peso bills.In an advisory issued...
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AIIB formally established – Chinese gov't
BEIJING, China – The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established on Friday, December 25,...
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Manila port nets P500M from public auctions in 2015
MANILA, Philippines – Public auctions have become an integral source of non-traditional revenue for the Manila International Container Port (MICP), which struggled in 2015 to meet its revenue...
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SSS offers calamity relief package to Nona-hit members
MANILA, Philippines – Social Security System members that were affected by Typhoon Nona (Melor) can avail of the SSS calamity relief package starting January 2016.The calamity relief package includes...
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Customs unlikely to hit 2015 revenue target
MANILA, Philippines – The Bureau of Customs (BOC), the second largest revenue earner of the government, is unlikely to reach its full year revenue this year, as it has only collected P353.07 billion...
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PH hits 5 million foreign tourists in 2015
MANILA, Philippines – Undersecretary for Tourism Development Benito Bengzon Jr. said in a briefing on Monday, December 28, that the country welcomed its 5 millionth foreign visitor this year on...
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SEC warns public against dealing with ex-PSE employee
MANILA, Philippines – The Securities and Exchange Commission (SEC) has warned the public against dealing with a former employee of the Philippine Stock Exchange (PSE) who is allegedly engaging in...
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#AskTheTaxWhiz: Tax incentives for ‘quality’ movies and Miss Universe?
With the highly controversial Metro Manila Film Festival (MMFF) disqualification case against Erik Matti’s "Honor Thy Father," I wonder if film producers get tax incentives for producing "quality...
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Aquino appoints Cristobal as new trade chief
MANILA, Philippines – President Benigno Aquino III has appointed Trade Undersecretary Adrian Cristobal Jr as the new trade secretary, replacing Gregory Domingo, Malacañang announced on Tuesday,...
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Imports rise anew, up 16.8% in October
MANILA, Philippines – Philippine merchandise imports continued their resurgence for the month of October on the back of strong domestic demand for raw materials, intermediate and capital goods, and...
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Metro Pacific buys 20% stake in Manila Doctors Hospital
MANILA, Philippines – Metro Pacific Investments Corporation’s hospital unit now has a 20% stake in Manila Medical Services Incorporated (MMSI), the parent firm of Manila Doctors Hospital.In a...
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Sin tax collections up 25.96% January-November
MANILA, Philippines – Government revenue from sin taxes, or taxes collected on cigarettes and alcohol, continued to rise in 2015.Collections from cigarettes, fermented liquors, spirits and wine rose by...
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SC ban on Bt talong trials 'affects research, agri industry'
MANILA, Philippines – A group of agricultural biotechnology students is urging the Supreme Court (SC) to reconsider its decision to stop field testing for Bt (Bacillus thuringiensis) talong (eggplant)...
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EDC to build P130M facility to connect Bac-man3 to Luzon grid
MANILA, Philippines – The Lopez-led Energy Development Corporation (EDC) is seeking regulatory approval for a P130-million ($2.765 million) facility to connect its Bac-Man 3 geothermal expansion...
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PH to join China-led bank amid sea dispute
MANILA, Philippines (UPDATED) – The Philippines on Wednesday, December 30, said it is set to join a China-led bank seen to rival the World Bank (WB) and the Asian Development Bank (ADB).This comes as...
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PSE funds surge in 2015, still below target
MANILA, Philippines — The Philippine Stock Exchange (PSE) in 2015 marked its second highest year for capital raising activities, but fell short of its P200-billion ($4.26-billion) target, mainly...
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Fewer unemployed Filipinos in 2015
MANILA, Philippines — There are fewer unemployed Filipinos in 2015 than a year ago, a preliminary report of the Philippine Statistics Authority (PSA) showed.PSA said in a statement late Wednesday,...
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Phoenix Semiconductors suffers slump demand, delays Clark expansion
MANILA, Philippines — The local unit of South Korea's STS Semiconductor & Telecommunications Company Limited closed 2015 with a slump demand for semiconductors due to the the downturn in the...
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#AskTheTaxWhiz: Filing income tax returns
Is it true that Bureau of Internal Revenue (BIR) audit is suspended during the holidays? If yes, until when? What will BIR examiners do in the meantime?Yes. The suspension is from December 16, 2015,...
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Cebu Pacific wants Guam, Honolulu, Melbourne in 2016 - think tank
MANILA, Philippines — The country’s largest budget airline Cebu Pacific Air plans to continue expanding its US and Australia network in 2016, despite a slow growth rate, Centre for Asia Pacific...
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