A U.S. judge on Monday (March 02) seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the […]
Business
Bill Gates tops Forbes rich list, Michael Jordan joins
Bill Gates stands atop Forbes magazine’s annual list of the world’s richest people, as Facebook Inc’s Mark Zuckerberg joined the top 20 and basketball starMichael Jordan plowed new air by making the list for the first time. Gates’ net worth rose to $79.2 billion from $76 billion a year earlier, putting the Microsoft Corp co-founder at the top for the 16th year in the last 21, Forbes said on Monday (March 2). Mexico telecommunications mogul […]
PH Businesses Explore Opportunities in Myanmar
DFA – The Philippine Chamber of Commerce and Industry-National Capital Region (PCCI-NCR), headed by Philippines-Myanmar Business Council Chairman Ruy Moreno, and PCCI-NCR Vice-President and Agriman Enterprises President Danilo Sanchez, undertook an exploratory mission to Myanmar from February 22 to 25. The seven-member business delegation met Philippine Ambassador to Myanmar Alex G. Chua on February 23. Mr. Sanchez said the exploratory mission in Myanmar aims to look for possible business opportunities for Philippine Small and Medium […]
VW gets government approval for Thai plant
(Reuters) – Germany’s Volkswagen has won approval from Thai authorities to build a manufacturing plant for fuel efficient cars near Bangkok after months of delays. A VW spokesman said on Saturday that it had received the go-ahead but the carmaker would now assess the situation and that no decision has been made yet whether to build the factory, confirming a report in German weekly magazine WirtschaftsWoche. According to previous media reports, the 1 billion euro […]
Blind carpenters bid to compete with Chinese-made products
At a small workshop in Jerusalem, a group of men put their hard work in making brooms. At first glance, they seem like any other carpenters in the city, measuring, cutting, and fashioning blocks of wood. But this workshop is unique. Most tools have been modified to be easily used by blind carpenters. The Arab Blind Organization opened its workshop in 1932 in old Jerusalem’s Hebron Gate area, before moving to another location on Via […]
Magsasaka sa Pangasinan, humiling na bilhin ng NFA ang kanilang aning palay
Dahil sa inaasahang pagbagsak ng presyo ng bigas, humiling ang mga magsasaka sa Pangasinan na paglaanan ng sapat na pondo ang National Food Authority para mabili ang kanilang ani sa halip na imported na bigas ang bilhin nito.
APEC aims to bolster SMEs’ participation in regional and global markets
MANILA, PIA-The First Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting and Related Meetings, held from January 26 to February 07 at the Clark and Subic Bay Freeport Zones, supported efforts to bolster Small and Medium Enterprises’ (SMEs) participation in regional and global markets under the APEC 2015 theme to build inclusive growth in the Asia-Pacific region. This supports “Fostering SME’s participation in regional and global markets,” one of the priorities under this year’s overarching theme […]
Another looming increase on petroleum prices
Expect another round of increase in the price of petroleum products, ranging from one peso and forty centavos to one peso and fifty-five centavos.
DOLE holds series of job fairs
The Department of Labor and Employment holds a series of job fairs for fresh graduates and others in different parts of the country.
President Aquino approves proposed higher tax exemption for bonuses
President Aquino approved the proposal for a higher exemption on the taxation of bonuses, raising said exemption up to 82, 000 pesos.
Congress to pass law for lower income tax rates
The House Committee on Ways and Means plans to pass a law for lower income tax rates in March.
Increase of collected taxes in QC in 1st qtr of 2015
Collected business taxes in the first quarter of 2015 by the Quezon City government are hauling in up to 7.75 % or PHP 234 million. Based on the report submitted to Mayor Herbert Bautista by the treasury, the QC government has collected PHP 3.26 billion or PHP 234 million tax increases, over than PHP 3.02 billion taxes collected in the same quarter of 2014. City Administrator Aldrin Cuña said that “For the past five years, […]
