THE long-awaited luxury tax measure has been billed as a tax on “non-essentials” like jewelry, high-end bags and watches, luxury cars, private jets, and upscale residential property, with the proposed rate on these items set at 25%. House Bill No. 6993, filed by Albay Rep. Jose Ma. Clemente S. Salceda, who chairs the House committee […]
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Job portal names top jobs, industries
ONLINE job platform JobStreet by SEEK revealed the list of top 10 roles, specializations and industries that are in demand and hiring this year. Based on the firm’s latest database, the top 10 specializations are customer service, finance/cost accounting, information technology/customer-software, clerical/administrative support, human resources, marketing/business development, education, sales-retail/general, banking/financial services and sales-corporate. Additionally, the […]
Asian markets rise after Wall St losses amid recession fears
ASIAN stock markets rose Friday, Jan. 20, 2023, after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other central banks might be willing to tip Western economies into recession as they […]
Congress still studying revenue-generating potential of luxury goods
THE House committee on ways and means intends to pass a luxury-tax bill and is evaluating which luxury goods have the greatest potential for generating revenue, its chairman said. “The committee will definitely pass a measure expanding (the list of taxable luxuries), but we will discuss which items can generate the most revenue for the […]
Avance Clinical Celebrates GlobalReady Success as more than 40 Biotech Clients Enter Program
SAN FRANCISCO, CA, Jan 11, 2023 – (ACN Newswire via SEAPRWire.com) – More than 40 biotech clients are now taking advantage of Avance Clinical’s GlobalReady program which delivers streamlined clinical development from early phase in Australia expanding to sites in North America for later phases. All with the one CRO and dedicated teams across both […]
Pandemic blows hole in Australia population goal but migration recovering
SYDNEY – The COVID pandemic has blown a million-person hole in Australia’s population projections in a challenge for an economy that has relied on having more consumers to drive growth, though a speedy recovery in migration promises to soften the blow. Data in the government’s 2022 Population Statement out on Friday also showed COVID-19 lowered life expectancy for the first time in decades, though the impact in Australia was modest […]
Finding unicorns gets harder amid tough times
By Brontë H. Lacsamana, Reporter STARTUPS may have to consider rightsizing and conserving cash in order to attract investors, who are expected to be more cautious in 2023 amid increasingly gloomy economic predictions. Venture capitalists, meanwhile, are expected to remain very conservative with their investments, focusing primarily on proven companies with resilient business models and […]
BTS fandom tech firm Weverse reaches beyond K-Pop
SEOUL — When Jin became the first member of the K-Pop supergroup BTS to enlist for South Korea’s mandatory military service this month, he had a special message to fans on Weverse, a fan platform app that commands more than 8 million active users. “Now it’s curtain call time (I wanted to say this when […]
Editorial: Keep the young healthy
The yearend is opportune for prioritizing health. For young people, emerging from more than two years of enforced isolation, the 2021 Young Adults Fertility and Sexuality Study (YAFS 5) reminds that holistic wellness encompassing physical and mental health should remain at the top of the list of goals. Central Visayas, Bicol and the region of […]
Society Pass / NusaTrip Expands Flight Routes and Fares Offering through Connection with Regional Low-Cost Carriers: JetStar Airways, VietJet Air, NokAir, Thai Smile Air, and Thai Lion Air
SINGAPORE, Dec 6, 2022 – (ACN Newswire via SEAPRWire.com) – NusaTrip, the Indonesia-based online travel agent (OTA) and travel platform of Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) leading data-driven loyalty, fintech and e-commerce ecosystem, today announces the expansion of NusaTrip’s +500 global airline partners network by adding JetStar Airways, VietJet Air, NokAir, […]
D.M. Consunji’s order book down 8% as projects ease
D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period last year amid a slowdown in project bidding and contract awarding. In a press release on Thursday, its parent firm DMCI Holdings, Inc. said the “moderate” decrease was recorded for both […]
As economy stutters, China’s youth seek safety of civil service
BEIJING — As a physics student at the elite Peking University in Beijing, Lynn Lau was expecting big Chinese private sector companies to scour the campus this summer for upcoming talent. But with the world’s second-largest economy growing at its slowest rate in decades, many recruiters stayed away this year. The wishes of Ms. Lau’s […]
Philippines to release 500 more inmates by yearend
THE PHILIPPINES’ Bureau of Corrections (BuCor) on Wednesday said it plans to release 500 more inmates by yearend as it tries to decongest one of the world’s most crowded jail system. The bureau is also considering parole and clemency for elderly prisoners, national prison officer-in-charge Gregorio Pio P. Catapang told a televised news briefing, “This […]
US to donate $5M to boost PHL COVID-19 vaccination campaign
THE UNITED States will donate $5 million or about P286 million to boost the coronavirus disease 2019 (COVID-19) vaccination campaign in the Philippines, according to the White House. “[The US] intends to invest $5 million to further accelerate vaccine rollout through the Global VAX initiative,” it said in a statement. The US government said it […]
eDriving Integrates Greater Than’s EcoScore Into Their Digital Driver Safety Application, Mentor, To Help Fleets Achieve Sustainability Targets
CAPE MAY, NJ and STOCKHOLM, SWEDEN, Nov 17, 2022 – (ACN Newswire via SEAPRWire.com) – eDriving(SM), a Solera company and leading global provider of digital driver risk management solutions, today announced a partnership with Greater Than (GREAT:ST), the global provider of technology that converts GPS data into powerful insights and driver scores. Through the collaboration, […]
Repeat COVID is riskier than first infection, study finds
The risk of death, hospitalization and serious health issues from coronavirus disease 2019 (COVID-19) jumps significantly with reinfection compared with a first bout with the virus, regardless of vaccination status, a study published on Thursday suggests. “Reinfection with COVID-19 increases the risk of both acute outcomes and long COVID,” said Dr. Ziyad Al-Aly of Washington […]
Senator backs optional face masks in schools
A SENATOR on Wednesday backed the Department of Education’s decision to make the face masks optional in schools, saying this would hasten the return to normalcy after more than two years of distance learning amid a coronavirus pandemic. Schools, however, should ensure proper ventilation, install adequate handwashing facilities and promote vaccination against the coronavirus, Senator […]
Global-Estate Resorts’ income more than triples to P558M
ANDREW L. TAN’S Global-Estate Resorts, Inc. (GERI) recorded an attributable net income of P557.8 million in the third quarter, up more than three times the previous year’s P168.3 million, as tourism picked up. “Our solid quarter reflects our company’s position and commitment to capturing the growing momentum in the tourism and leisure market,” GERI President […]
Marcos considers taking helm of disaster response
PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday said he would put the local disaster agency under his office to streamline the government’s calamity response. “There has been a suggestion that has been going around for many years now that we will put the disaster response team, the national response team under the Office of the […]
HK home prices plunge most since 2016 on higher rates
THE slump in Hong Kong’s (HK) property market is accelerating as borrowing costs rise. The Centaline gauge of secondary home prices fell 2% in the week ending Oct. 30 from the previous week, the most since March 2016, according to data released on Friday. The drop took the index to its lowest level since December […]