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Tax bureau suspends audits for now
BusinessWorld Online - 2018-02-05
The Bureau of Internal Revenue wants to make sure its officers stick to the 180-day deadline to complete audits. -- BW FILE PHOTO THE BUREAU of Internal Revenue (BIR) has suspended investigations of taxpayers, saying yesterday it needs to review policies ...

Macau faces major challenges if China casino monopoly ends
BusinessWorld Online - 2018-02-05
The two destinations could also be competing over the same type of customers. Macau, which has relied on high rollers to drive a rebound in business over the past year and a half, has been shifting to attract Chinese tourists and families to the territory.

Debris from fallen space shuttle Columbia has new mission 15 years after tragedy
Fox News - 2018-02-05
Fifteen years after the space shuttle Columbia and its crew of seven were lost returning home from a 16-day mission, pieces of the winged orbiter are still being found and the debris is now being used by NASA to educate and inspirea new generation of space ...

Megaworld to open P2.2-billion mall in Iloilo City
BusinessWorld Online - 2018-02-05
Mr. Tan said they are currently talking with the SM group and the Metro Gaisano group to open two ... The annex will house government offices, with the Land Transportation Office, Social Security System, and Philippine Health Insurance Corp. already ...

BPI net income climbs
BusinessWorld Online - 2018-02-05
BANK of the Philippine Islands (BPI) booked slightly higher net earnings in 2017 driven by the growth of its net interest income. In a disclosure to the Philippine Stock Exchange on Monday, the Ayala-led BPI said it recorded a net income of P22.42 billion ...

NBA champs Golden State Warriors executive chairman and co-owner Peter Guber is coming to Manila
BusinessWorld Online - 2018-02-05
GOLDEN STATE Warriors executive chairman and co-owner Peter Guber will be coming to the Philippines on March 20 as the featured ... Guber is also a member of the University of California Board of Regents and has been a professor at UCLA for 40 years.

Samsung Group heir Lee walks free as South Korea court suspends jail term
BusinessWorld Online - 2018-02-05
Samsung Electronics Vice Chairman, Jay Y. Lee leaves a court in Seoul, South Korea on February 5, 2018. -- YONHAP VIA REUTERS SEOUL -- A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting ...

Lower taxes via more mineral exports
BusinessWorld Online - 2018-02-05
Bigger mining revenues and mining taxes through lesser anti-mining policy uncertainties will be a key measure toward lowering income taxes, both personal and corporate, in the medium to long term.

Security Bank net profit up 20% to P10.3 billion
BusinessWorld Online - 2018-02-05
Security guards stand on duty at a branch of Security Bank in Manila in this file photo taken on January 14, 2016 . -- AFP SECURITY BANK Corp. posted a higher net income in 2017 driven by growth across its business segments. In a disclosure to the local ...

Dow plunges 1,175 -- worst point decline in history
CNN Philippines - 2018-02-05
(CNN Money) -- It was the scariest day on Wall Street in years. Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day. Buyers charged back in and limited the ...

Dow storms back after dipping into correction
CNN Philippines - 2018-02-05
(CNN Money) -- The stock market is storming back after briefly sinking into a correction. The Dow declined 567 points at Tuesday's open, then raced back to a 350-point gain in extremely volatile trading. The losses just after the opening bell briefly sent ...

PhilHealth to employers: Premium adjustment is necessary
Philippine Information Agency - 2018-02-05
QUEZON CITY, Feb. 5 -- In response to public reactions on the adjustment in premium contribution rates starting this month, the Philippine Health Insurance Corporation (PhilHealth) reiterated that the latest adjustment affects only the members in the ...

Study: Pregnancy-linked high blood pressure may linger after delivery
United Press International - 2018-02-05
MONDAY, Feb. 5, 2018 -- Many women who develop severe pre-eclampsia during pregnancy have undetected high blood pressure in the year after they give birth, a Dutch study contends. Pre-eclampsia, which is the development of high blood pressure and elevated ...

Bangko Sentral seen keeping rates steady
Inquirer - 2018-02-05
The Bangko Sentral ng Pilipinas (BSP) is seen to keep its key interest rates unchanged this Thursday--its first monetary policy-setting meeting this year and thus seen crucial in setting the tone for 2018--but investors are bracing for a shift to a ...

Cash-for-work scheme helping Mayon evacuees earn
CNN Philippines - 2018-02-05
The Department of Labor and Employment (DOLE) has implemented the "Tulong Pangkabuhayan sa Displaced Workers" program or TUPAD, wherein evacuees earn P290 per day sweeping rooms, taking out the trash, and doing some construction work in evacuation centers.

Sanofi rejects refund demand faces Philippine suit over dengue vaccine
Yahoo News - 2018-02-05
French pharmaceutical giant Sanofi on Monday rejected a Philippine government demand to return tens of millions of dollars paid for a dengue vaccine after the programme was suspended over health concerns. The Philippines had asked Sanofi to refund 3.2 ...

Sanofi: No refund for used dengue vaccine
BusinessWorld Online - 2018-02-05
FRENCH PHARMACEUTICAL giant Sanofi on Monday told the Philippines it would not refund the cost of used doses of a dengue vaccine after the vaccination program was suspended over health concerns. The Philippines had asked Sanofi to refund a total P3.2 ...

Dallas's rush into bikeshare turns controversial
CNN Money - 2018-02-05
Dallas suddenly has the largest bikeshare network in the United States, but its growth has triggered a backlash in a city with little history of bicycling. With more than 20,000 bicycles, Dallas's fleet dwarfs those of traditional bike hotspots, such as ...

Business groups say local tax hike could hurt MSMEs
BusinessWorld Online - 2018-02-05
Milan. Mr. Milan earlier called on the local government to help the MSME sector, which he said needs support from both the public sector and their organization as part of the campaign for inclusive growth. The Mindanao Business Council, through Chair ...

Estrada seeking reelection next year, denies Jinggoy after his post
Business Mirror - 2018-02-05
Estrada stressed that rumors about his poor health are a mere ploy of his opponents in politics. "That is an old issue... . No one believes that my health hinders the effective fulfillment of my honest service to you and the masses," he said.

BPI nets P22.42B
Inquirer - 2018-02-05
Ayala-led Bank of the Philippine Islands (BPI) improved net profit last year by 1.7 percent to P22.42 billion, reversing the downturn seen earlier in the year, as higher earnings from core lending activities and a robust fourth quarter shored up full-year ...

PNP Chief: Use of religious items in anti-drug campaign not theatrics
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- The country's chief of police denied that they were using religious items as props in the war against drugs. Philippine National Police (PNP) Chief Ronald Dela Rosa on Monday responded to the Catholic Bishop's ...

DOJ to consolidate PAO, experts' Dengvaxia findings - DOH
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- It is up to the Department of Justice (DOJ) to consolidate the findings on the dengue vaccine Dengvaxia controversy, Health Secretary Francisco Duque III said Monday. Some lawmakers during the hearing of the ...

Trillanes wants Senate probe on alleged Duterte wealth
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) - Senator Antonio Trillanes IV on Monday formally asked for a Senate investigation on a possible violation of the Anti-Money Laundering Act (AMLA) by President Rodrigo Duterte and his daughter, Davao City Mayor ...

Palace: Friendly ties will prevent China from using arms in islands vs PH
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- Malacañang said China intended to use reclaimed islands in the South China Sea as military bases and only friendly ties will prevent Beijing from using the arms buildup against the country. "Whether or not ...

Duterte's suspension of Deputy Ombudsman an impeachable offense - 1986 Con-Com member
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- If President Rodrigo Duterte insists on suspending the Deputy Ombudsman by force without a Supreme Court ruling, it can become an impeachable offense, a constitutional expert said Monday. Atty. Christian ...

Ombudsman junks charges vs De Lima for allegedly aiding terrorists
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- The Office of the Ombudsman dismissed a complaint against detained Senator Leila de Lima claiming she conspired with Muslim officials to free members of the Abu Sayyaf Group (ASG) from jail. In a resolution ...

Nightfall in Philippine slum revives specter of deaths in drugs war
Reuters - 2018-02-05
MANILA Reuters) - As night falls in Manila, the Philippine capital, few of the 700 families living ... Slideshow (16 Images) The man is in poor health, skinny and coughing frequently due to tuberculosis. Nuns now take care of his youngest children.

Tech Diets Catch on With Apple Executives, Facebook Billionaires and Googlers
Bloomberg - 2018-02-05
At Google, some employees use a tool that restricts time spent on email. A senior Apple Inc. executive said his wife used a device that sets iPhone and iPad limits for their children. Members of a venture capital firm meditate before phone-free ...

Kamuning fire reaches second alarm
Philstar - 2018-02-05
MANILA, Philippines -- The Metropolitan Manila Development Authority on Monday afternoon reported that fire razed a residential area in Kamuning, Quezon City. The fire occurred along K-2 nd Street, corner Judge Jimenez, Kamuning Quezon City. Firefighters ...

PSEi tumbles on Fed jitters
Inquirer - 2018-02-05
A global equities bloodbath spilled over to the local stock market on Monday, as the stronger-than-expected US jobs data spawned concerns that the US Federal Reserve (Fed) may turn more hawkish to curb resurgent inflation. The main-share Philippine Stock ...

Security Bank posts higher net profit in 2017
BusinessWorld Online - 2018-02-05
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments. Based on a disclosure to the local bourse on Monday, Security Bank said its net income grew to P10.3 billion in 2017 by 20% compared with the P8.55 ...

Sanofi rejects Philippine plea for refund on used vaccines
New York Daily News - 2018-02-05
Health Secretary Francisco Duque III has said that Sanofi Pasteur has agreed to take back huge stocks of unused Dengvaxia and pay back more than a billion pesos ($20 million) to the Philippine government. The government, however, has also asked Sanofi ...

IT solutions emerging as cure to health care woes
Inquirer - 2018-02-05
Now is the right time," said Xplore president Leonardo Riingen. Dr. Raymond Sarmiento, director of the National Telehealth Center of the University of the Philippines, spoke about the state of IT health care in the country and noted that based on the ...

AI, machine learning changing the way of business
Inquirer - 2018-02-05
Today, every organization needs to reimagine its business model. Customers expect business to meet them anywhere, any time, on any device. To meet this speed of response, businesses need to be ahead of the game, at the cutting edge of what their market is ...

Research firm bullish on PH LNG industry
Inquirer - 2018-02-05
These include the 1,000-MW Sta. Rita complex, 500-MW San Lorenzo facility, 414-MW San Gabriel plant and the 97-MW Avion plant--all part of the portfolio of First Gen Corp. The fifth facility is the 1,200-MW Ilijan power plant, which is now part of the San ...

Mayor, Chinese bizmen discuss Cotabato City infra projects
Philstar - 2018-02-05
The series of meetings between local officials and the Chinese visitors were witnessed by key members of local business organizations. "There was candid and cordial exchange of insights on commerce and trade during the engagements between our city mayor ...

Security Bank nets P10.3B
Inquirer - 2018-02-05
Local banking giant Security Bank Corp. reported another banner year for 2017, growing its net profit by 20 percent to a record high P10.3 billion. The increase in profit was driven by a double-digit expansion of interest and non-interest earnings, based ...

Angeles City Library has no librarians, complaint alleges
Philstar - 2018-02-05
MANILA, Philippines --A licensed libararian has questioned the appointment of non-librarians to the Angeles City Library and Information Center. In October 2016, Roilingel Calilung, president of the Association of Librarians in Public Sector, asked ...

British businessmen to explore Iloilo opportunities
Philstar - 2018-02-05
The British Chamber of Commerce Philippines will visit Iloilo on March 8 and 9 to promote regional investment and spur economic development in the countryside. The delegation, which will be headed by BCCP Chairman Chris Nelson and British Ambassador Daniel ...

Filipino time
Inquirer - 2018-02-05
Many small Filipino brands have broken into markets with relative ease in recent years. Leading the charge are upstart entrepreneurs who are skilled in touting their homegrown products online. According to Moreno, a part-time La Salle lecturer in physics ...

Maybank: Inflation to hit 3.9-4% by mid-2018 due to TRAIN Law
Inquirer - 2018-02-05
Inflation likely rose at a faster pace of 3.5 percent year-on-year in January mainly due to the impact on consumer prices of the higher excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, Maybank Group said on Monday. Maybank ...

Concepcion Industrial nets P980M
Inquirer - 2018-02-05
This 2018, key priorities will be to grow faster than the market, preserve value, maintain business fundamentals, and fast-track investment in growth areas, Concepcion said. Victoria Betita, CIC chief finance officer, said the 8-percent increase in ...

PSE nets P825M
Inquirer - 2018-02-05
The Philippine Stock Exchange grew its net profit last year by 18 percent to P825 million on higher revenues from trading activity, subscription fees and market data and one-time gain on sale of its office space in Tektite Building in Ortigas. Operating ...

House OKs grant of crop insurance to farmers
Philstar - 2018-02-05
MANILA, Philippines -- The House of Representatives has approved on third and final reading a bill seeking to grant crop insurance to farmer-beneficiaries of the Comprehensive Agrarian Reform Program (CARP) affected by natural calamities. House Bill ...

Bezos to SpaceX: I'm rooting for you guys
CNN Money - 2018-02-05
Billionaires on Twitter: They're just like us. Jeff Bezos and Elon Musk exchanged social media pleasantries on Monday ahead of the much-hyped launch of SpaceX's Falcon Heavy rocket. Musk's SpaceX is scheduled to launch its new rocket into orbit on Tuesday.

Domestic flights canceled due to bad weather
Philippine Daily Inquirer - 2018-02-05
Flights to and from Tuguegarao have been canceled due to inclement weather, the Manila International Airport Authority (Miaa) said on Monday. Based on a Miaa advisory, the following Cebu Pacific flights have been called of 7:40 a.m.:

Technology, brands join forces
Inquirer - 2018-02-05
In these exciting times for digital technology, only "the strong-willed and creative will flourish." Such is the assessment of Myla Villanueva, chief executive officer of IT infrastructure and services provider Micro-D International, Inc. (MDI), when ...

Despite faster rollout, vehicle volume in Philippines lags behind in Asean
Philstar - 2018-02-04
MANILA, Philippines -- Vehicle production in the country continues to expand, outgrowing most markets in the region last year, but remained lagging behind its peers in terms of volume. Data from the ASEAN Automotive Federation showed motor vehicle ...

Cashing in on permanent makeup trend in CEBU
Inquirer - 2018-02-04
But her heart later led her to where fate wanted her to be -in business. Shifting to and getting a degree in Business Administration major in marketing was a happy choice since this was where she was good at. When the number of online retailers started ...

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