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New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

DSWD-Davao raises child feeding budget to P21

The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»

Category: sportsSource:  abscbnRelated NewsJan 29th, 2024

Reclaiming compromise payments

In the context of tax assessments, the Bureau of Internal Revenue offers remedies for taxpayers with assessed deficiency taxes......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

Excise tax on single-use plastics to yield P34 billion

The move to slap excise taxes on single-use plastics is seen generating P34 billion for the government and curbing the increasing mismanagement that contributes to overall pollution......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

PH highlights need for stable environment for e-commerce

PH highlights need for stable environment for e-commerce.....»»

Category: newsSource:  sunstarRelated NewsMar 1st, 2024

Subic sees more investment incentives under CREATE Act

Investor companies located in this free port zone are expected to benefit from more tax perks as the government seeks to rationalize taxes and attract more investments under Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises Act......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2024

Higher GOCC remittances to help reduce debt – Marcos

Higher remittances from government-owned or controlled corporations will help cut the country’s borrowings and avoid the imposition of higher taxes, President Marcos said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 6th, 2024

Romeo Lumagui: Beyond taxes

Whether it’s a selfie, an autograph or a video greeting — the country’s top taxman willingly obliges as he tries to bring the difficult yet necessary concept of tax closer to Filipinos. There is a running joke that in every administration, only one or two government officials will have a more appealing look that would often pique the public’s interest beyond their official job description......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Besties

Thanks to the propensity of many people to post anything and everything about themselves on social media, Filipinos can get a glimpse of what our government officials are doing when our taxes send them overseas on official business to represent the country......»»

Category: newsSource:  thedailyguardianRelated NewsApr 8th, 2024

Besties

Thanks to the propensity of many people to post anything and everything about themselves on social media, Filipinos can get a glimpse of what our government officials are doing when our taxes send them overseas on official business to represent the country......»»

Category: newsSource:  thedailyguardianRelated NewsApr 8th, 2024

Besties

Thanks to the propensity of many people to post anything and everything about themselves on social media, Filipinos can get a glimpse of what our government officials are doing when our taxes send them overseas on official business to represent the country......»»

Category: newsSource:  thedailyguardianRelated NewsApr 8th, 2024

Business group backs carbon emission trading

The government should prioritize implementing a carbon emission trading system instead of imposing taxes on carbon as the latter could cause power prices to spike, according to the Makati Business Club......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Hear ye, I will ease your burden but when? (2nd of 2 parts)

The Ease of Paying Taxes Act touches on one “problematic” process that occurs after the filing of tax returns – the refund process which is generally viewed as time-consuming......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Blurred line

Where do our taxes go?.....»»

Category: newsSource:  philstarRelated NewsJan 22nd, 2024

How LMA Law founder sees mentoring, guiding people as legacy

Lawyer Ma. Louella “Peaches” Aranas believes that mentoring her law students, the next generation lawyers to being more conscientious in the matter of paying taxes and thereby contributing to nation building is the best legacy she can leave behind. .....»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

No rice subsidies, cash assistance for El Niño-stricken local food producers – KMP

By ZYSA MEI ELLORAN Bulatlat.com MANILA – The farmers are hungry. This is the sentiment of Filipino farmers as they continue to call for government support having suffered the worst impacts of the El Niño phenomenon, resulting in heavy losses in their livelihood. “Farmers need an urgent and concrete response from the government. Farmers need… The post No rice subsidies, cash assistance for El Niño-stricken local food producers – KMP appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMar 30th, 2024

Rare beetle discovered in Mt. Hamiguitan sanctuary

In a recent discovery, a rare long-horned beetle, Paraskeletodes hamiguitanensis, was found in the Mount Hamiguitan Range Wildlife Sanctuary (MHRWS) in Davao Oriental. The beetle was unearthed during a scientific expedition led by the Provincial Government of Davao Oriental and conducted by a team from Davao Oriental State University (DOrSU). Dr. Milton Medina, a Filipino coleopterist, confirmed the uniqueness of P. hamiguitanensis through careful morphological examination, highlighting distinct differences from its closely related counterpart found in Sulawesi, Indonesia. The discovery sheds light on the limited knowledge of beetle taxonomy in the Philippines and underscores the need for increased scientific and conservation efforts in biodiversity hotspots like the Philippines and Sulawesi. Concerns were raised about the global trade of beetle species and the rapid loss of forest cover in the Philippines, emphasizing the vital role of protected areas like Mt. Hamiguitan as essential sanctuaries for biodiversity. The researchers emphasized the need for cooperation with DENR-Davao in promoting biodiversity conservation and encouraged young scholars to explore beetle taxonomy. The discovery of P. hamiguitanensis and several other beetle species in the area underscores the rich biodiversity of Mt. Hamiguitan, with ongoing research aiming to describe more species and uncover many undiscovered ones in the region......»»

Category: newsSource:  sunstarRelated NewsJan 18th, 2024

ICTSI on expansion mode; raises capex to $450 million

International Terminal Services Container Inc. has raised its capital expenditures to $450 million this year to pursue new expansion projects......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Filinvest raises P10 billion from new bond offer

Filinvest Development Corp. has raised P10 billion from the first tranche of its bond offering under shelf registration......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Treasury raises P81 billion from T-bill sale in January

The government borrowed a total of P81 billion through the issuance of short-term securities this month, exceeding its target after it upsized offers at the onset of the new year......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024