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Impact of MSCI China inclusion watched

INCLUSION of mainland Chinese shares in Morgan Stanley Capital International’s (MSCI) influential global benchmark equity index may trigger fund outflows from emerging markets like the Philippines once the rebalancing starts, but impact on local equities can be expected to be limited, stock market analysts said yesterday......»»

Category: newsSource: bworldonline bworldonlineJun 22nd, 2017

Front Page: Impact of MSCI China inclusion watched

INCLUSION of mainland Chinese shares in Morgan Stanley Capital International's (MSCI) influential global benchmark equity index may trigger fund outflows from emerging markets like the Philippines once the rebalancing starts, but impact on local equities can be expected to be limited, stock market analysts said yesterday......»»

Category: financeSource:  bworldonlineRelated NewsJun 22nd, 2017

‘Train and Fetish for Coke’ by Jun Ledesma

Letters From Davao: FINANCE Secretary Sonny Dominguez took the personal initiative to explain the impact of the landmark Tax Reform for Acceleration and Inclusion. This after some artists attempted to tweak the real and equitable benefits that Filipinos will derive from TRAIN. It is rather sad that some quarters are muddling up the positive impacts of the new tax reform law but funny enough to make the increase of the price of Coca-Cola as their principal issue as though it is the national fetish of Filipinos. Truth is, imposing higher tax on the sweet drink is a panacea to what seems to be an incurable proclivity of Pinoys for coke. The Cola, just like cigarettes, is among the top causes of affliction and death of us Pinoys – diabetes. By the way those who are now dependent on drugs for their diabetes the news is the prescribe drugs will be tax free and therefore expect the price to plummet. In summary and in sum, those who earn P250,000 keeps their P50,000 tax which they use to pay.Those in the upper bracket enjoy tax benefits too. We have to emphasize this as this is where the largest population of wage earners belong. The thousands of public school teachers will celebrate once the get hold of their take home pay. The burden now is actually transferred to the rich and they better not dodge paying the right tax otherwise life will be a little bit more difficult for them under the Duterte regime and while the Department of Finance is under the watch of Secretary Dominguez. Why make an issue about the luxury cars being taxed a little less. Just how many luxury cars can one have in his garage. But think about the other incentives if you are really hunting for a car. An environment friendly vehicle like an electric car is even tax free and a hybrid variety with so little tax. Incentive is the key word. In short when the team of Secretary Dominguez crafted TRAIN, they are not only looking for money to fund the massive infrastructures that we are so in dire need of, they are also looking after the health of the nation. Those who find fault in TRAIN will not just stop with Coke which they had raised to underscore the negative impact of the tax reform law on the poorest of the poor. It is actually belaboring the issue but to answer the idiotic question DSWD actually has funds for them and their will be corresponding adjustments that is provided for by TRAIN. What maybe they would raise next are the beggars in the streets. These poor and the mendicants are not in the radar screen of TRAIN when it comes to tax but just the same they are part of the inclusion. The revenues that TRAIN will raise is primarily for infrastructures. Railways, roads and bridges, airports, seaports and irrigation among others. In addition to the billions of pesos that TRAIN will raise are cheap loans from Japan and China. Never in our history do we have this availment of cheap money which comes with an incredible terms that give the country a holiday of over ten years before we start paying the loans. That is why under the BUILD, BUILD, BUILD program the momentum of development could be much faster that our usual expectation. Even with the implementation of the projects, expect shortages in skilled personnel especially in the railway projects. Secretary Arthur Tugade of the Department of Transporation had advanced the idea of setting up a Railway institute while construction is ongoing because managing and maintaining railways are something strange to Filipinos. Other infrastructures, like roads, bridges and building would be needing thousands of workers. With network of infrastructures expect productivity to rise above normal levels. These will generate if not motivate people to produce more as access to the markets will now be cheaper and their profits doubled. The entire nation is celebrating the prospects and the dawning of the new era. The surveys say it all. An overwhelming number of Filipinos look up to 2018 and beyond with unprecedented optimism. This is only shadowed by the results of the surveys which show an all time high in the TRUST and SATISFACTION ratings which are pegged in the grade of “Excellence”. No matter how and what the opposition and critics will do no amount of demonizing and rallies can diminish that trust and satisfaction or derail the programs of the Duterte administration. The President is focused on his agenda, and his Cabinet members are on track. Even the players in telecom industry which had been so laggard and so inept for decades and have become a national shame are now uneasy with the mere announcement of the entry of the 3rd Telecom player. The duopoly suddenly came out with series of announcement that they are pouring in billions of dollars to address the sluggish internet speed, drop calls and inadequate availability of telecom service in the country. Oh well, these duopoly thought they have the monopoly of and knowledge of the telecom technology and how to run it. Early in the Presidency of Duterte, one of them had the temerity of telling the President to leave telecom alone as this is an area where the duopoly has the sole expertise. To there surprise this President, whom they thought is so […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 26th, 2018

PH on Chinese bombers, LP’s ‘The Resistance’ slate, Royal Wedding | Midday wRap

Today on Rappler: The Philippines says it will not publicly condemn China over bomber aircrafts landing in the South China Sea.  Liberal Party President and Senator Kiko Pangilinan confirms the Senate minority will be forming a 'resistance slate' for the 2019 elections.  Prince Harry and Meghan Markle tie the knot Saturday, in a star-studded Windsor Castle ceremony watched ........»»

Category: newsSource:  rapplerRelated NewsMay 21st, 2018

TRAIN 2 will harm airline industry — PHL AirAsia

AIRLINES are worried about the negative impact of the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law, which they say will effectively remove their tax incentives once it is approved. “I hope they don’t go through with their TRAIN 2 plans, which will remove our tax incentives. It will make the […] The post TRAIN 2 will harm airline industry — PHL AirAsia appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 20th, 2018

Gabriela doubts BIR data on impacts of TRAIN law

Makabayan party list Gabriela Women’s Party (GWP) expressed doubts over the data recently provided by the Bureau of Internal Revenue (BIR) on the reported minimal impact of TRAIN (Tax Reform for Acceleration and Inclusion) Law in the country......»»

Category: newsSource:  davaotodayRelated NewsMay 16th, 2018

EU data protection may trigger global ripple effect

PARIS, France – The EU's new data protection rules that enter into force later this month are having an impact around the world as firms, including in the United States and China, move to comply. While all firms globally are required to comply with the provisions of the General Data Protection ........»»

Category: newsSource:  rapplerRelated NewsMay 15th, 2018

Halting TRAIN ‘will do more harm than good’

THE Budget secretary has ruled out suspending the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, citing the potential disruption to government revenue collection, and added that measures are in place to mitigate the impact of higher prices, including the creation of more and higher-quality jobs. “For some reason, people perceive inflation […] The post Halting TRAIN ‘will do more harm than good’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Legislators call for review of TRAIN amid rising prices

LEGISLATORS from both houses of Congress called for the tax reform law implemented at the start of the year to be reviewed due to its impact on prices. In a statement, Senator Joseph Victor G. Ejercito urged the government’s economic managers to review the law, known as Tax Reform for Acceleration and Inclusion (TRAIN), after […] The post Legislators call for review of TRAIN amid rising prices appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

SolGen defends TRAIN law

The government's monthly financial aid of P200 to poor families is enough to protect them from the inflationary impact on consumer goods of the Duterte administration's tax reform program, the Office of the Solicitor General (OSG) has told the Supreme Court. The OSG gave the assurance as it urged the high tribunal to thumb down two petitions challenging the constitutionality of Republic Act No. 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Grim scenario The amount, which will be distributed to more than 1.8 million poor households across the country, is roughly the average price of 5 kilos of well-milled rice, according to latest data from the Philippine S...Keep on reading: SolGen defends TRAIN law.....»»

Category: newsSource:  inquirerRelated NewsMay 2nd, 2018

WB: PH ban on OFW deployment to Kuwait to have ‘muted’ effect on remittances

      The government's ban on the deployment of Filipino workers to Kuwait will unlikely dent the robust remittance flows to the Philippines, the World Bank said.   In its April 2018 Migration and Development Brief, the Washington-based multilateral lender noted that the Philippines was the third biggest recipient of remittances last year, reaching $33 billion.   Only India, with $69 million, and China ($64 billion) exceeded the Philippines' remittance inflows in 2017.   The 5.3-percent growth in remittances last year was faster than the 4.5 percent in 2016.   For the World Bank, "the impact on remittance inflows of ...Keep on reading: WB: PH ban on OFW deployment to Kuwait to have ‘muted’ effect on remittances.....»»

Category: newsSource:  inquirerRelated NewsApr 25th, 2018

Never Say Die: Paul Zamar’s PBA Dream lives on

It was August 19, 2012. Former University of the East gunner Paul Zamar seemingly fulfilled his life’s dream when his name was announced as the 35th overall pick in the 2012 PBA Draft. Selecting him was the league’s most popular team, Barangay Ginebra San Miguel. But, soon after, that same team that picked him, would let him go, unsigned. This is the predicament that many basketball players in the Philippines face as there are only so many roster spots available in the country’s first professional basketball league. Competition is extremely stiff and the careers of those players who get drafted but are unable to crack the roster usually suffers an early death. But, this has not been the case for Zamar, whose love for the game is deeply rooted. Zamar was born on October 20, 1987 in Mandaluyong. As a youngster, he was immediately exposed to the game because of his father, Boycie, an accomplished coach and basketball great. “I watched my father play in the PBL for Burger Machine where he shot the championship winning free-throws. I thought basketball was the greatest thing to do and that’s where it all began,” recalled the younger Zamar. He made his first varsity team as a freshman in San Beda High School, playing behind the likes of JVee Casio and James Martinez. Zamar would later transfer to the University of the East, where he played in the UAAP Jrs. Basketball tournament from 2003 to 2005 before moving up to the college ranks to play for the Red Warriors, the team of his father’s alma mater. It was in UE where Zamar made a name for himself as one of the league’s deadliest snipers. He also showed his versatility by being able to play point guard and taking on the challenge of defending the opposing team’s primary ball handler. Upon graduating from UE, Zamar would play in the PBA D-League for Blackwater Elite before that fateful day he was drafted. Being left out the roster did not discourage Zamar, as he went on to play an additional four years in the PBA-D-League for Cebuana Lhullier and Café France before deciding to take his talents overseas in 2017. Nowadays, the 5’11” Zamar, who is now 30 years old, has established himself as the starting shooting guard of the Mono Vampire Basketball Club in the ASEAN Basketball League. He is currently averaging 16.1 PPG and is shooting 39% from beyond the arc as the team’s Heritage Import. Although he’s been living in Thailand for over 18 months now, Zamar says it’s all part of being a professional in the world of basketball. “It’s a humbling experience (life in Thailand). First time living and doing everything by myself. Loneliness is always your enemy. I’m far away from my wife and my family. Sometimes, I wake up in the middle of the night thinking about my family in the Philippines,” shared Zamar. For any Filipino, making an impact in a foreign setting is a huge accomplishment. But, somewhere deep inside his heart, Zamar still feels that burning desire to return home and play the game at the place where he first fell in love with it. “I still have in me my PBA dream and it motivates me to just keep on playing. I believe na may purpose si Lord bakit dito niya ako nilagay. And wherever I am, I make sure I always give my best and keep improving myself,” said Zamar. Tonight, at the Sta. Rosa Multi-Purpose Complex in Sta. Rosa, Laguna, Zamar will have another opportunity to show the entire country his worth as his Mono Vampire Basketball Team takes on San Miguel Alab Pilipinas in Game 1 of the best-of-five Finals series in the 2017-18 ABL season. “We will play hard for 40 minutes. We know that we are the underdogs given the fact that we’re playing against ex-PBA and National Team Players and top caliber PBA Imports. But, we will leave everything on the basketball court and give the fans a great series,” promised Zamar. Six years ago, Zamar could’ve just easily given up and kissed basketball goodbye. But, ironically, he lives by the exact same mantra of the PBA team that drafted him: Never Say Die. There’s no telling how much longer Zamar will play professionally. Or if he will ever make it to the PBA. But, right now, his basketball career is very much alive with Mono Vampire.    .....»»

Category: sportsSource:  abscbnRelated NewsApr 22nd, 2018

ICTSI remains bullish amid fears of US-China trade war

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is keeping a positive outlook for the year, while being cautious on the impact of the looming trade war between the United States and China on its international operations. ICTSI Chairman and President Enrique K. Razon, Jr. said its operations in Mexico may be affected should the ongoing conflict […] The post ICTSI remains bullish amid fears of US-China trade war appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

Brewing trade war may indirectly impact Phl – Pernia

The brewing trade war between China and the US could indirectly impact the Philippines’ economy as it poses a threat to the country’s export sector, the government’s economic managers said last Friday......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2018

Taiwan president watches naval drill as China tensions grow

SUAO, Taiwan – Taiwan's president watched naval drills simulating an attack on the island Friday, April 13, days before Beijing is set to hold live-fire exercises nearby in a show of force. Relations between self-ruling Taiwan and China have deteriorated since Tsai Ing-wen came to power almost two years ago, largely because ........»»

Category: newsSource:  rapplerRelated NewsApr 13th, 2018

Oil rises after Xi’s speech on optimism US-China spat may ease

Oil advanced above $64 a barrel after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions may ease, lifting global risky assets. Futures in New York erased earlier losses in the day to rise as much as 1.5 percent as Xi vowed to open sectors from banking […] The post Oil rises after Xi’s speech on optimism US-China spat may ease appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Oil trades below $63 as investors assess US-China trade battle

Oil’s decline slowed after prices fell to an almost three-week low as investors continued to evaluate the potential impact of an escalating trade conflict between the U.S. and China. Futures in New York traded below $63 a barrel after dropping 4.4 percent last week. While U.S. President Donald Trump predicted the Asian nation will be […] The post Oil trades below $63 as investors assess US-China trade battle appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

Asian stocks rebound as investors assess impact of trade war

Asia stocks rebounded as concerns over the possibility of full-scale trade war between the world’s two biggest economies eased. Chinese equity markets reopened after a long weekend. The MSCI Asia Pacific Index gained 0.8 percent 172.97 as of 12:16 p.m. in Hong Kong, led by gains in healthcare stocks. All of major markets from Japan […] The post Asian stocks rebound as investors assess impact of trade war appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

Minimal impact of US-China trade war expected in Asean

SINGAPORE – The brewing trade war between the United States and China would have minimal impact on Southeast Asia as long as the conflict does not escalate i.....»»

Category: financeSource:  philstarRelated NewsMar 28th, 2018

China says North Korean leader Kim met with Xi in Beijing

BEIJING,, China --- The Chinese government confirmed Wednesday that North Korea's reclusive leader Kim Jong Un went to Beijing and met with Chinese President Xi Jinping in his first known trip to a foreign country since he took power in 2011. The official Xinhua News Agency said Kim made an unofficial visit to China from Sunday to Wednesday. Xi held talks with Kim at the Great Hall of the People in Beijing and he and his wife Peng Liyuan hosted a banquet for Kim and his wife Ri Sol Ju, Xinhua said. They also watched an art performance together, the news agency said. Analysts say Kim would have felt a need to consult with his country's traditional ally ahead of his planned me...Keep on reading: China says North Korean leader Kim met with Xi in Beijing.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2018

China shrinks steel industry slowly, drawing Western ire

China’s steel mills, a target of US President Donald Trump’s ire, are their industry’s 800-pound gorilla: They supply half of world output, so every move they make has a global impact. #BeFullyInformed China shrinks steel industry slowly, drawing Western ire BEIJING — China’s steel mills, a target of US President Donald Trump’s ire, are their… link: China shrinks steel industry slowly, drawing Western ire.....»»

Category: newsSource:  manilainformerRelated NewsMar 12th, 2018