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Daily Archives: February 11, 2018

PAL earns 4-Star rating from Skytrax

Philippine Airlines is the country’s first certified 4-star airline, joining 42 other 4-star carriers on the list of Skytrax, a London-based international air transport rating organization.

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Philippines has $26.3 trillion of untapped oil deposits

The Philippines is virtually “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at US$26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough to free the country from the shackles of poverty.

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Government to tap Alibaba to lower remit costs

The government is considering tapping Chinese technology giant Alibaba’s fintech (financial technology) solutions through its related company Ant Financial to lower remittance costs for the Philippines’ over 10 million migrant workers and offer them other online-based banking and financial management services.

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Group blasts inflationary effect of tax reform law

With ordinary Filipinos slowly starting to feel the effects of the recently passed tax reform law, the Freedom from Debt Coalition (FDC) criticized the Tax Reform for Acceleration and Inclusion or TRAIN Act as “fundamentally anti-poor” and pushed instead for more taxes on the wealthy. “We know that consumption taxes are inherently regressive and will hurt the poor the most.

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Measures needed to soften Train impact, says NEDA

The government must ensure mitigation measures are in place to cushion the transitory inflationary impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law, following recorded increases in the country’s inflation rate, according to the National Economic and Development Authority (Neda).

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Rice prices to fall with import lib—NEDA

Rice prices are expected to trend downonce the amendment of the agricultural tariffication law is enacted, the National Economic and Development Authority (NEDA) said.

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NGCP offers communication network for NBP at ‘no cost’

Power grid operator National Grid Corp. of the Philippines (NGCP) has offered to provide its fiber optic grid which it uses for communication as the backbone for the government’s National Broadband Plan (NBP) for free.

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MWSS undertakes safety measures to mitigate effects in the event the ‘Big One” strikes

To mitigate the effects in the event, God forbid, the “Big One” would hit Luzon, the Metropolitan Waterworks Sewerage System (MWSS) has undertaken safety measures to secure the Angat Dam, the main source of water for Metro Manila and its environs.

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Unilab Foundation’s Project Inclusion: The Business Benefits of Hiring PWDs

Every successful business explores every possible opportunity and advantage. Businesses need to stay ahead not just of the competition, but also of the consistent demand of a profitable bottom line. That means making the most of resources that may be overlooked or underutilized. Persons with Disabilities (PWDs) represent a vast wellspring of untapped potential in terms of skill and productivity.

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EC President Moreno cites ICTSI Guayaquil for economic contribution

Contecon Guayaquil SA (CGSA), a subsidiary of global operator International Container Terminal Services, Inc. (ICTSI) at the Port of Guayaquil in Ecuador, recently received President Lenín Moreno, who lauded CGSA’s contributions to the growth of Ecuador.

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