THE PHILIPPINES posted 1,101 coronavirus infections in the past week, with the daily average 9% lower than a week earlier, according to the Department of Health (DoH). Of the new cases, two were severe and critical, it said in a bulletin on Monday. The DoH said it had verified 98 more deaths from Feb 6 […]
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BIR clarifies automobile excise tax computation
THE Bureau of Internal Revenue (BIR) has issued a clarification of the method for computing the excise tax on automobiles imported for resale. In a memorandum circular issued on Wednesday, the BIR said the clarification covers cases where an import’s selling price is “lower than the cost of importation and expenses as defined in Revenue […]
The ‘Chosen One’ fulfils destiny as James claims scoring record
HAILED as the “Chosen One” while still in high school, LeBron James always appeared destined to become the National Basketball Association’s all-time leading scorer and claim a record he once believed would never be touched. That seemingly inevitable moment arrived on Tuesday. Almost 20 years after recording his first two points on Oct. 29, 2003, […]
Weekly COVID cases in Philippines over 1,000
THE PHILIPPINES continued to post more than a thousand weekly coronavirus infections, with 145 daily cases on average on Jan. 30 to Feb. 5, according to the Department of Health (DoH). There were 1,012 COVID-19 cases in the past week, it said in a bulletin on Monday. The daily average from Jan. 30 to Feb. […]
Diokno prefers better tax administration over luxury tax
By Luisa Maria Jacinta C. Jocson, Reporter The Finance chief on Friday said he would rather improve tax administration to generate more revenues than impose luxury taxes. “We will look at the proposals. Right now, I’m happy with the current tax system. It’s not perfect, it can be improved, but we will be concentrated on […]
Luxury goods tax bill reframed as 25% tax on ‘non-essentials’
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 […]
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, […]