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Electronics firms oppose tax shift under TRAIN 2

Electronics and semiconductor firms are willing to absorb higher operational costs expected to be brought about by the proposed second tax reform package as long as it would be minimal, the head of the industry’s umbrella organization said yesterday......»»

Category: financeSource: philstar philstarJun 13th, 2018

Oil firms oppose shift to Euro 2 diesel

INDEPENDENT oil companies are opposing the directive of the Energy department to make Euro 2 diesel available at their fuel retail stations, saying the move would require “significant” spending for a problem of the government’s doing. The post Oil firms oppose shift to Euro 2 diesel appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 20th, 2018

Not Made in China: Chinese firms shift production overseas to avoid US tariffs

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the 'Made in China' label by shifting production to countries suc.....»»

Category: newsSource:  philippinetimesRelated NewsSep 12th, 2018

Retailers, fast food see Train sales boost

Implementation of the Tax Reform for Acceleration and Inclusion (Train) law boosted consumer demand and sales by retail firms and fast food chains, a Finance official said on Wednesday. “The significant growth in sales reported by retail establishments and restaurants point to the fact that people now have more money to spend as a result [...] The post Retailers, fast food see Train sales boost appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 22nd, 2018

Patafa firms up talent pool

The Philippine Athletics Track and Field Association will pick 20 young prospects to train for six months initially for the 2019 Southeast Asian Youth Championships but also to eventually complement the national team’s talent base leading to next year’s SEA Games......»»

Category: newsSource:  philstarRelated NewsJul 29th, 2018

LandBank extends loans to transport firms for PUV modernization program

State-run Land Bank of the Philippines recently signed loan agreements with two transport companies to help them get started with the shift to safer and more efficient jeepneys in compliance with the government’s PUV modernization program......»»

Category: financeSource:  philstarRelated NewsJul 29th, 2018

300 professors against Con-ASS

We, the undersigned academics and professionals, are expressing our deep concern as regards the process of reviewing and possibly amending our Constitution. We acknowledge the importance of discussing ways to improve governance in the country, particularly when it comes to a possible shift to a new, federal form of government. Some of us actually support federalism, while others oppose it. We have nevertheless united in this common statement to acknowledge the importance of evidence-based debate and discussion to root out the main benefits and costs of such a reform. Given the far-reaching implications of this reform, we believe the process must be much more participatory---in...Keep on reading: 300 professors against Con-ASS.....»»

Category: newsSource:  inquirerRelated NewsJul 27th, 2018

Senators hit Alvarez over self-serving push for People s Initiative

MANILA, Philippines – Senators strongly oppose House Speaker Pantaleon Alvarez's  plan to start a People's Initiative to cancel the 2019 midterm elections and speed up the shift to federalism. Senator Panfilo Lacson called Alvarez's proposal "wrong and self-serving," adding that senators would not allow it to happen. "It goes without saying, majority of the senators, ........»»

Category: newsSource:  rapplerRelated NewsJul 18th, 2018

More Pinoys oppose amendment of Constitution, says Pulse Asia

Senators on Monday warned the administration against forcing the amendment of the Constitution and federalism on the nation after the latest Pulse Asia poll showed that 67 percent of Filipinos opposed President Rodrigo Duterte's priority political enterprise. Conducted from June 15 to 21, the poll found that 67 percent of the 1,800 adult respondents opposed amending the Constitution now, a 3-percentage-point increase from 64 percent in March. About three in five, or 62 percent, rejected a shift to federalism, down 4 percentage points from 66 percent three months ago. Majorities across geographic areas and socioeconomic classes, except in Mindanao, disapproved of the efforts to a...Keep on reading: More Pinoys oppose amendment of Constitution, says Pulse Asia.....»»

Category: newsSource:  inquirerRelated NewsJul 17th, 2018

Hontiveros: Postpone TRAIN, not Midterm Elections

July 12, 2018. The proposal to postpone the 2019 midterm elections supposedly to give lawmakers enough time to tackle and pass a law to shift to federalism and to tackle pending major bills like the budget is farcical. We legislators should set our priorities straight. What needs to be cancelled is not the… Source link link: Hontiveros: Postpone TRAIN, not Midterm Elections.....»»

Category: newsSource:  manilainformerRelated NewsJul 12th, 2018

‘Hard’ Brexit could see Philips quit British factory: CEO

Dutch electronics giant Philips warned Sunday it may shift production out of Britain in the event of a “hard” Brexit, saying it was “deeply concerned about competitiveness” of its operations there. The Amsterdam-based group employs some 1,500 people in Britain, most notably at its baby care products-for-export factory at Glemsford in Suffolk. “I am deeply concerned […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 9th, 2018

California, home of Silicon Valley, ramps up online privacy law

SAN FRANCISCO, USA – California on Thursday, June 28, US time, passed a strict new law aimed at protecting people's privacy online, a move that promised to shift the terrain on which internet firms operate in the wake of recent scandals.  The bill, signed into law by Governor Jerry Brown, ........»»

Category: newsSource:  rapplerRelated NewsJun 29th, 2018

Electronics firms brace for higher tax cost

ELECTRONICS companies in the country -- a key driver of merchandise exports -- are bracing for bigger costs once planned changes to current fiscal incentives are implemented. The post Electronics firms brace for higher tax cost appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 13th, 2018

House leader, opposition clash over independence

SPEAKER Pantaleon “Bebot” Alvarez credited President “Rody” Rodrigo Duterte for making the Philippines a truly independent nation under his term, while opposition lawmakers lamented the failure of the government to oppose the creeping “invasion” of China in the West Philippine Sea . Alvarez cited the major shift in the foreign….....»»

Category: newsSource:  journalRelated NewsJun 12th, 2018

Facebook granted Chinese electronics firms access to user data

MANILA, Philippines - In the wake of the controversial Cambridge Analytica scandal, The New York Times reported that Facebook, on Tuesday, June 5 confirmed that at least four Chinese electronics firms were granted private access to user data. The social media giant disclosed that it has data-sharing ........»»

Category: newsSource:  rapplerRelated NewsJun 6th, 2018

LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post LGU TAX EXEMPTION | House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 31st, 2018

House panel mulls local tax shield for firms in line with TRAIN 2

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program. The post House panel mulls local tax shield for firms in line with TRAIN 2 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

New phase of globalization could worsen CO2 pollution – study

The shift of low-value, energy-hungry manufacturing from China and India to coal-powered economies with even lower wages could be bad news for the fight against climate change, researchers cautioned on Monday.   As Asia's giants move up the globalization food chain, many of the industries that helped propel their phenomenal growth -- textiles, apparel, basic electronics -- are moving to Vietnam, Indonesia, and other nations investing heavily in a coal-powered future. Since the start of the Industrial Revolution, global warming has been caused mainly by burning oil, gas, and especially carbon-rich coal.   "This trend may seriously undermine international efforts t...Keep on reading: New phase of globalization could worsen CO2 pollution – study.....»»

Category: newsSource:  inquirerRelated NewsMay 15th, 2018

BPOs remain bullish despite TRAIN 2 passage — Colliers

Business process outsourcing (BPO) firms remain bullish on expanding in the Philippines despite the removal of tax perks under the proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN), according to real estate consulting services Colliers International Philippines. Colliers Senior Research Manager Randwil Dinbo U. Macaranas said that BPO firms take into […] The post BPOs remain bullish despite TRAIN 2 passage — Colliers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 10th, 2018

Most Filipinos oppose Charter change, federalism — Pulse Asia

More Filipinos have expressed opposition to amending the 1987 Constitution as around seven out of 10 have rejected the proposed shift to a federal system of government, a latest Pulse Asia survey revealed......»»

Category: newsSource:  philstarRelated NewsMay 3rd, 2018

Most Filipino oppose Charter change, federalism — Pulse Asia

More Filipinos have expressed opposition to amending the 1987 Constitution as around seven out of 10 have rejected the proposed shift to a federal system of government, a latest Pulse Asia survey revealed......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2018