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The new iPhone 6s and 6s Plus hit stores on Friday (September 25), drawing dozens of people in Sydney despite heavy rain, kicking off a global sales cycle that will be scrutinized for signs of how much juice Apple’s marquee product has left. Apple has a tough act to follow after the success of the iPhone 6, but sales are expected to benefit this year from the inclusion of the Chinese market, where the gadget’s […]
The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) have been urged to provide diversified financial instruments that would suit the changing needs of micro, small, and medium enterprises (MSMEs) in the region. Chair of the APEC Business Advisory Council (ABAC), Doris Magsaysay-Ho, on Tuesday said broadening the range of financing instruments available to MSMEs is key to achieving financial inclusion and will help these enterprises expand their businesses. Ho, who is also the […]
The Republic of the Philippines (ROP) has been named Top Borrower in the Philippines and Most Professional Sovereign Borrower in Asia by FinanceAsia. The results of their 2015 Fixed Income research poll, announced last 11 September 2015, will be featured in print in their upcoming FinanceAsia bond market supplement. “This is very encouraging news; it shows the market has its confidence firmly placed in us and our performance as a sovereign borrower. Especially in these […]
(MANILA) The Philippines’ E-Commerce Roadmap 2015-2020 aims to make the country’s Internet bandwidth faster and its tax system “friendlier” for micro, small, and medium enterprises (MSMEs), an e-commerce advocate and expert told Asia-Pacific Economic Cooperation (APEC) participants here Thursday. During the APEC Public-Private Dialogue on Women and the Economy, held at the Philippine International Convention Center, Janette Toral of digitalfilipino.com, a website launched in 1999 that specializes in e-commerce, social media, and Internet marketing, highlighted […]
MANILA, Philippines, September 15 (Eagle News) — The prices of gasoline products has been raised by P0.10 centavos per liter. Big companies such as Shell and Flying V implemented the oil price hike around 12:01 on Tuesday (September 15) due to the following mixed movements in the international oil market last week. Meanwhile, Eastern Petroleum also increased their oil prices at 6:00 Tuesday morning by P0.10 centavos for every liter of gasoline. (Eagle News Service)
MAKATI City, September 15 (Eagle News) — Light Rail Manila Corp. a consortium composed of Ayala Corporation and Metro Pacific Investments Corporation (MPIC), has taken oven the operations and maintenance of LRT-1 Transit. The LRMC won the P64.9 billion LRT 1 Cavite extension project after offering the highest premium bid of P9.35 billion. The LRMC has secured the right to operate and maintain it for 32 years. It will also extend the rail line […]
MANILA, Philippines, September 15 (Eagle News) — President Banigno S. Aquino III on Monday, September 15 said that lowering prevailing income tax rates will lead to fewer government revenues and will only expand tax collection deficit. The president said that by lowering the income tax rates this might affect the country’s credit ratings. He also bucked calls to increase value-added tax (VAT) to compensate for the expected government revenue loss due to income rate cuts. […]
Costa Rican taxi drivers were the latest group to join the worldwide chorus of protests against Uber, the ride-hailing service, in San Jose on Sunday (September 13). Hundreds of drivers congregated in front of the Metropolitan Cathedral to voice their concerns and anger over what they view is a job stealing business. “Uber has done a lot of damage at the national level to the humble families of taxi drivers,” said Ivan Urena, the Costa […]
CEBU CITY, Cebu – As the Philippine Congress seeks to finalize a comprehensive tax reform law, the International Monetary Fund (IMF) has proposed that the country get more people to pay taxes while it lowers its income tax rate. Doing so would safeguard the country’s revenue stream, said IMF Resident Representative to the Philippines Shanaka Jayanath Peiris during a press briefing at the sidelines of the Asia-Pacific Economic Cooperation (APEC) meetings. “A comprehensive approach would […]
SEPTEMBER 11 (Eagle News) — Apple wants you to spend a lot more time looking at screens. They were everywhere at the company’s big special event in San Francisco. New iPhones, a bigger iPad, the iPad Pro, and new features on its watches and the biggest screen of them all: Apple tv. “I think, the TV was the buried lead here. I think, the idea of having a new, more apple-like TV experience is going […]
By Meg Teckman (Reuters) — After two delays due to an accounting scandal, Japan’s Toshiba finally closes its books for the past financial year. The company reported an annual net loss of over 300 million dollars as it wades through the fallout of overstating profits to the tune of 1.3 billion over the past few years. This has led to shakeups in Toshiba’s board and top-level resignations as the company pledges to improve corporate […]
SEPTEMBER 7 (CCTV) — China’s stock market has stabilized and risks have been released to some extent, the securities regulator said Sunday. Market transactions are currently normal for the most part, with liquidity being relatively abundant and innate stability being improved, the China Securities Regulatory Commission (CSRC). China securities regulator also said to deepen reforms, improve legal framework and enhance market supervision, by possibly introducing mechanisms such as a stock index circuit breaker system, in […]
