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(Eagle News) — Ipinagmalaki ni Department of Tourism (DOT) undersecretary Ronaldo Alan Canizal ang patuloy na pagtaas ng tourist arrival sa bansa. Ayon kay Canizal, pinakamaraming dayuhan na bumisita sa bansa ay mula sa Korea, Amerika, China, Japan At Australia. Umabot na rin sa P178 billion-pesos ang naging income ng bansa mula sa nasabing mga turista mula pa noong Enero hanggang sa kasalukuyan. Target din ng DOT na umabot sa 6 million ang tourist arrival […]
by Dario THUBURN LONDON, United Kingdom (AFP) — McDonald’s will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald’s is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United States, shifting its tax base from Luxembourg. The profits will be subject to British tax, McDonald’s said in […]
CHINA (CCTV) — China’s foreign trade dropped by 1.2 percent year on year to 21.83 trillion yuan in the first 11 months of this year, according to data released by the General Administration of Customs on Thursday. Of this, export dropped by 1.8 percent to 12.47 trillion yuan and import dropped by 0.3 percent to 9.36 trillion yuan, leaving a surplus of 3.11 trillion yuan, 5.8 percent less. In the month of November, China’s total […]
MOSCOW, Russia (AFP) – by Gabrielle Tétrault-Farber The Kremlin on Wednesday said that Russia had finalised a deal to privatise 19.5 percent of state-owned oil giant Rosneft. Rosneft chief Igor Sechin informed President Vladimir Putin “about the completion of a privatisation deal of 19.5 percent of shares of the largest Russian oil company Rosneft,” Kremlin spokesman Dmitry Peskov told reporters. He added that its investors were the Glencore Consortium and Qatar’s sovereign fund and that […]
SHANGHAI, China (AFP) — Apple has blamed “external physical damage” for causing a handful of iPhones to explode or catch fire in China and insisted that its handsets posed no safety problem. Fresh on the heels of Samsung’s worldwide Galaxy Note 7 safety fiasco, a Shanghai consumer watchdog said last Friday it had received eight recent reports of iPhones that spontaneously combusted while being used or charged. In a statement to AFP late Tuesday, the […]
TOKYO, Japan ( AFP ) — Tokyo stocks opened higher on Wednesday following another record close on Wall Street after Paris stocks reached the year’s highest level and Italian banks surged. Tokyo’s benchmark Nikkei 225 index rose 0.40 percent, or 73.45 points, at 18,433.99 in the first few minutes of the trade, while the broader Topix index of all first-section issues was up 0.45 percent, or 6.63 points, at 1,483.83.
by Rob Lever WASHINGTON, United States (AFP) — The US Supreme Court on Tuesday overturned a $399 million patent infringement penalty imposed on Samsung for copying Apple’s iPhone design, in a case watched for its implications for technology innovation. The shorthanded justices ruled 8-0 that Samsung should not be required to forfeit the entire profits from its smartphones for infringement on design components, sending the case back to a lower court. While the ruling was […]
(Eagle News)– The Senate has approved the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB), with a vote count of 20-1, paving the way for the country’s membership to the China-led international financial institution. Senator Loren Legarda, sponsor of the Committee Report on the AIIB treaty, said the Philippines’ membership to the AIIB would help the country to achieve growth through accelerated infrastructure spending. “Infrastructure bottlenecks have stifled our growth potential for […]
TOKYO, Japan (Reuters) — Asian stocks posted their biggest rise in two weeks on Tuesday (December 6) as investors judged the selloff after Italy’s referendum was overdone, with robust U.S. economic data also helping sentiment. Japan’s benchmark Nikkei average opened up 1.00 percent at 18,457.20 on Tuesday, while the broader Topix gained 0.98 percent to 1,481.35. Hong Kong Hang Seng index opened up 0.8 percent, standing at 22694.27 points. South Korea climbed 1 percent in […]
NEW YORK, United States (AFP) — The New York Times has seen an exceptional surge in digital subscriptions in the period just before and after the November election, its top executive said Monday. New York Times Co. chief executive Mark Thompson told a business conference the prestigious daily has added more than 200,000 net subscribers since late September. “We’re seeing a dramatic increase in the willingness to pay for serious independent journalism,” Thompson told the […]
GENEVA, Switzerland (AFP) — Nestle has said it has discovered a way to cut the amount of sugar that goes into its Kit Kat, Butterfinger and other candy bars, but without affecting the taste. The Swiss food giant’s scientists say a breakthrough will allow the company to cut sugar content by up to 40 percent. Sweetness of chocolate and other confectionery products will be unchanged. “Our scientists have discovered a completely new way to use […]
NEW YORK, United States (AFP) — Starbucks chief executive Howard Schultz will step aside as CEO but remain with the company as chairman, the coffee giant said Thursday in a surprise announcement that sent the share price down after hours. Schultz, who helped grow Starbucks from a sleepy chain in Seattle to an iconic global brand, will stay on as executive chairman and chairman of the board. The change is effective April 3. He will hand the reins […]
