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Xinhua Asia-Pacific news summary at 1600 GMT, March 11
SEOUL -- South Korea's export fell in double digits in the first 10 days of March due to fewer business days, customs office data showed Monday. Export came to 13.54 billion U.S. dollars in the 10 days, down 13.4 percent compared to the same period of last year, according to Korea Customs Service. (South Korea-Exports) - - - - VIENTIANE -- Participants in the 30th ASEAN Economic Ministers' Retreat.....»»
FDA to slash generic drug review to 45 days
The country's Food and Drug Administration announced Tuesday that it will shorten the review and approval process for generic drug applications to only 45 days from 120 days. .....»»
What I learned when I replaced my cheap Pi 5 PC with a no-name Amazon mini desktop – The Daily Guardia
The Daily Guardian: Is the Raspberry Pi 5 a Worthwhile Desktop PC Replacement? A recent experiment using a Raspberry Pi 5 as a regular desktop.....»»
4 PH medicinal herbs for gout, pain relief pass clinical trials
MANILA, Philippines — Back in the 1970s, the government had a dream of providing cheap medicines for Filipinos, especially the poor, who are often left out of health care. Dr. Cecilia Lazarte, director of the Institute of Herbal Medicine of UP Manila’s National Institutes of Health, stressed in 2020 the importance of research on the.....»»
Ombudsman suspends NFA execs amid cheap rice sale probe
Agriculture Secretary Francisco Laurel said that the Department of Agriculture has implemented the Ombudsman's preventive suspension order for the officials allegedly involved in the “improper” sale of rice buffer stocks......»»
FACES OF CEBU: Etienne Chantal, 29, social media influencer, thrift shopper
CEBU CITY, Philippines— What comes to your mind when you hear those words ‘thrift shopping?’ Cheap clothes? Dead people’s clothes? Or fun and trendy clothes? Etienne Chantal, a social media influencer in Cebu, is giving thrift shopping a new look that can make you want to go thrift shopping soon. Chantal, 29 is a proud.....»»
NFA defends sale of cheap rice; farmers slam ‘mafia’
The National Food Authority yesterday defended the sale of rice to some traders, saying the NFA is allowed to dispose of aging stocks amid the alleged anomalous sale of rice to traders......»»
Environment champion
Championing the environment has not been cheap for San Miguel Corp.. It has also been a thankless job......»»
Loss of Russian gas has hurt German economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Losing Russian gas has hurt Germany s economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Travel agencies group warns about cheap, illegal operators
The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
British Chamber pushes for Anti-Agricultural Smuggling Act, lauds appointment of Recto as DOF Secretary
BCCP Executive Director/Trustee Chris Nelson reiterates support for the passage of the Anti-Agricultural Smuggling Act, one of the key priority legislation under the Marcos administration......»»
Rep. Ralph Recto itinalagang bagong finance secretary
MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»
Curve balls keep coming
Geopolitical curve balls keep on coming, making it harder to project how the global and our local economy will perform in the months to come......»»