National

Tax exemption for incentives and bonus pushed

BAGUIO CITY, Nov. 10 – – Members of the city council showed support for Senate Bill 2437 through approval of Councilor Leandro Yangot, Jr.’s proposed resolution during last week’s session. Senate Bill 2437 sought to raise the previous ceiling of P30,000 to P75,000 of 13th month pay, productivity incentives and Christmas bonuses for private and government workers for taxation purposes. The bill is a consolidation of five senate bills authored by Senators Angara, Ralph Recto […]

President Aquino thanks Canada for its assistance in reconstruction of Eastern Visayas

MANILA, Nov. 11 — President Benigno S. Aquino III on Monday thanked Canadian Prime Minister Stephen Harper for Canada’s assistance for the rehabilitation of areas in Eastern Visayas devastated by Typhoon Yolanda last year. “The President thanked Canada for the support that it had provided, overwhelming support for the victims of Yolanda,” Foreign Affairs Secretary Albert del Rosario said in a press briefing at the Philippine Embassy in China. “He wanted to know what the […]

PH policies aimed at attaining competitiveness, PNoy tells APEC

BEIJING, China, Nov 11 — Achieving competitiveness means changes in the country’s policies and guidelines, especially as Southeast Asian countries begin to integrate economically, President Benigno S. Aquino III said during the Asia-Pacific Economic Cooperation (APEC) Chief Executive Officers’ Summit here Sunday. Delegates of the APEC CEO Summit asked the President about the role of the government in attaining competitiveness. The President said that it is his government’s thrust to “level the playing field” for […]

Aquino pushes harmonious relations with China

President Aquino said having harmonious relations with China — this year’s host of the Asia-Pacific Economic Conference (APEC) — will serve the best interest of the Philippines.“It’s also in the Philippines’ interest to achieve harmony with all of its neighbors. There are so many practices that each country can benefit from as we face common challenges,” the President said when asked about the Philippine-China relations during the APEC CEO Summit here in Beijing.For instance, the […]

Aquino tells APEC CEOs: “There is no better time to invest in the Philippines than now”

President Benigno S. Aquino III encouraged various potential investors on Sunday to do business in the country, underscoring that “there is no better time to invest in the Philippines than now,” given its steady economic growth.In his speech at the 2014 Asia Pacific Economic Cooperation (APEC) Chief Executive Officers (CEO) Summit, President Aquino relayed how his administration was able to bring about economic reforms in the Philippines over the last few years, thus making it […]