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Daily Archives: October 15, 2017

Philippine economic breakout starts, DoF chief tells US

By Luis Leoncio The Philippines has started its economic breakout, turning it into one of Asia’s engines of growth despite the political noise and the recent terrorist attack in Marawi City, Finance Secretary Carlos Dominguez III told the American business community in a visit to New York City last week.

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Philippines to set pace for growth in Asean region, says IMF

By Riza Lozada The Philippines will remain a leader in economic growth this year in the Association of Southeast Asian Nations (Asean) region with an estimated gross domestic product (GDP) expansion of 6.6 percent against 5.2 percent in Indonesia; 5.4 percent in Malaysia; 3.7 percent in Thailand, and 6.3 percent in Vietnam, the International Monetary Fund (IMF) said.

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WB cites OFW support system as model for Asean countries

The country was cited for its support system for overseas workers as the World Bank said other Association of Southeast Asian Nations (Asean) members can learn from the country’s experience as it called on easing restrictions on labor migration to boost workers’ welfare and accelerate regional economic integration.

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JFC urges status quo on PEZA VAT perks

By Riza Lozada The Joint Foreign Chambers of the Philippines (JFC) is seeking a status quo on the exemption of locators in Philippine Economic Zone Authority (PEZA) from the 12-percent value added tax (VAT).

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Employment in SMEs slowing, says ILO

The contribution of small and medium enterprises (SMEs) to total world employment has stagnated hurting the global goal to eradicate poverty, the recently released International Labor Organization (ILO) flagship report World Employment and Social Outlook showed.

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Mighty Corp. settlement to boost sin tax takes—DoF

The Department of Finance (DoF) estimates that government revenues will increase almost P40 billion from excise tax on tobacco products starting in 2018, following the move by Mighty Corp, to settle its tax liabilities and sell its assets to Japan Tobacco Inc. (JTI).

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LANDBANK Electronic Payment Service Now Open for Taxpayers

LANDBANK account holders can now pay their taxes through the LANDBANK LinkBiz Portal, an alternative payment channel that allows taxpayers to pay their taxes via the internet.

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Richard Branson bets on future train – Hyperloop One

British billionaire Richard Branson is investing in Hyperloop One, which is developing super high-speed train systems.

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Dubai airport to use ‘face-scanning fish’

Dubai is home to some of the most innovative yet quirky technologies over the years, and its latest one might just be the best yet.

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CAAP OKs electronic tech logbooks for helicopters

The Philippines has become the second country in Southeast Asia, after Singapore, to accept the use of electronic technical logbooks for its helicopter fleet.

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