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Daily Archives: November 12, 2017

IMF wants tax reforms as overheating antidote

By Luis Leoncio The International Monetary Fund (IMF) raised the possibility of the economy overheating amid the successive strong growth as the demand for goods and services may outstrip supply thus leading to higher prices.

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DBM to help in probe on Malampaya mess

By Luis Leoncio All documents needed for an impending probe on the misuse of the Malampaya Fund will be released as the government will fully cooperate with efforts to identify those responsible as a result of recent Commission on Audit (COA) findings on the irregular use of the multibillion peso fund, Budget Secretary Benjamin Diokno said.

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China to unveil 30 initiatives at Asean

By Riza Lozada Chinese Prime Minister Li Keqiang will push 30 new initiatives during the 31st Association of Southeast Asian Nations (Asean) Summit and Related Meetings slated this week.

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ADB puts in $100M to spur infra buildup

By Riza Lozada Multilateral lender Asian Development Bank (ADB) recently approved a $100 million loan to set up systems that will speed up the country’s infrastructure buildup.

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Government still intent on PPP sans subsidies – execs

By Luis Leoncio The government has assured the business sector is open to team-ups on big-ticket infrastructure under the “Build, Build, Build” program through solicited and unsolicited proposals for public-private partnerships (PPP) or joint ventures (JV) under terms that would prove most beneficial to the Filipino people.

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Ayala Land posts positive net earnings of P17.8B

Ayala Land Inc. (ALI) posted a net income of P17.8 billion in the first nine months of 2017, growing 18% year-on-year with the consistent and strong performance of its diverse business units. Its consolidated revenues registered at P98.9 billion, 16% higher compared to the P85.49 billion it earned in the same period in 2016. The company’s robust growth fuels its …

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Senate eyes removing oil tax in TRAIN bill

The Senate will seek the scrapping of the excise tax on petroleum products under the Tax Reform Acceleration and Inclusion (TRAIN) since the proposed P6 per liter increase will prove burdensome to consumers, Senate President Pro Tempore Ralph Recto said.

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PH, Japan eye early subway completion

The Metro Manila Subway Project (MMSP) remains on track, the Transportation department said as it denied a report that the start of construction could be pushed back to December next year.

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Boeing bullish on aircraft demand, SE Asia to be key force in 20 years

Boeing predicts rising air traffic across Southeast Asia will spur demand for commercial aircraft. Fueled by higher economic growth in the region, air traffic is expected to rise by 7.2 percent a year until 2036 and this will see airlines expand their fleets to better serve demand, said Jim Freitas, managing director, product marketing and analysis Boeing Commercial Airplanes.

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FAA okays sales of Chinese planes to US, others

Shanghai – Just ahead of US President Donald Trump’s visit to China, the Federal Aviation Administration (FAA) signed an airworthiness certification deal that effectively opens the door to Chinese sales of airplanes to the US and other countries.

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