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QUEZON CITY, Philippines (Eagle News) — The 13th month pay and other bonuses given to employees which would amount to P90,000 would not be taxed, nor will those with a a yearly earning of P250,000, according to the bilateral conference committee on the Tax Reform for Acceleration and Inclusion (Train) bill. “Napagkasunduan ng bicam na muling taasan ang halaga ng 13th month pay at iba pang bonuses na hindi na kakaltasan pa ng buwis,” Senator […]
HONG KONG, China (AFP) — Technology and energy firms were the biggest losers as Asian markets tumbled on Wednesday, extending a retreat across Europe and New York. A global equity rally has hit the buffers this week as the US probe into Russia’s alleged election meddling sows uncertainty, Britain struggles to reach a Brexit deal with the European Union and traders remain cautious about Washington’s ability to push through tax cuts. A key drag for […]
MANILA Philippines (Eagle News) — Inihayag ng Department of Energy (DOE) na magpapatupad ng rollback ang ilang kumpanya ng langis sa susunod na linggo. Ito ay makaraan ang serye ng oil price hike na kanilang isinagawa sa mga nakalipas na mga araw. Sa consumer advisory na inilabas ng doe, umaabot sa Php 0.30 ang ibabawas sa halaga ng diesel at kerosene samantalang Php 0.20 naman sa bawat litro ng gasolina. Inaasahan na sa Martes ng […]
(Reuters) — Apple is designing its own power-management chips for use in iPhones from as early as 2018, according to the business daily, Nikkei. The news sank the shares of Apple’s current supplier, Dialog Semiconductors, in Frankfurt, even though Dialog said its business relationship with Apple hasn’t changed. But it’s a good move for Apple, says Chief Strategy Officer & Head of Technology Research, GBH Insights’ Daniel Ives. “So, I think there’s two sort of […]
LOS ANGELES, California (Reuters) — Car manufacturers’ attempts to square what U.S. consumers want against the clean vehicles regulators and investors demand will go on display in Los Angeles this week at an auto show that has moved away from calling itself just an auto show. Automakers on Wednesday previewed new models for the media at an event called AutoMobility LA, reflecting an emphasis on digital technology and new ways to get around, such as […]
The Asian Development Bank has approved the $300 million grant-loan of the Philippines on its road corridor project. The loan will be used by the government in its infrastructure projects as part of the “Build, Build, Build” program of the Duterte administration. The grant assistance of the ADB aims to help the government finance infrastructure, implement, and manage public works projects, and strengthen the framework for public-private partnerships. “As such, increasing the size, liquidity and […]
HELSINKI, Finland (AFP) — Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost 800,000 euros. Rovio posted a profit of 3.9 million euros […]
MANILA, Philippines (Eagle News) — Senator Ralph Recto proposed that starting January 2018, those who have a yearly wage of Php 250,000 should be exempted from income tax. Recto said that the government will not lose money if those earning Php 250, 000 yearly were exempted from taxes.
STOCKHOLM, Sweden (AFP) — Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply “tens of thousands” of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies. Volvo — which is owned by China’s Geely and has yet to build a self-driving system — said in a statement that it would supply Uber with “autonomous driving compatible base vehicles between 2019 and 2021.” Uber would then add […]
Reuters — A source told Reuters Monday the Justice Department will file a lawsuit blocking AT&T’s $85-billion purchase of Time Warner. Tech and telecom stocks like AT&T pushed Wall Street higher on Monday. Trading volumes could be thin this week ahead of the Thanksgiving holiday on Thursday since no big companies are reporting earnings and economic data are slim. “As we sit today going into year end, we think that the stability will continue. However, […]
WASHINGTON, United States (AFP) — Google, Facebook and other tech firms joined global news organizations Thursday in an initiative aimed at identifying “trustworthy” news sources, in the latest effort to combat online misinformation. Microsoft and Twitter also agreed to participate in the “Trust Project” with some 75 news organizations to tag news stories which meet standards for ethics and transparency. “In today’s digitized and socially networked world, it’s harder than ever to tell what’s accurate […]
QUEZON CITY, Philippines (Eagle News) — The Philippine economy was able to post a 6.9% growth rate during the third quarter of 2017. This is higher compared to the 6.7% growth rate of the 2nd quarter of 2017. According to National Statistician, Dr. Liza Grace Bersales, the industry sector posted the highest growth rate of 7.5%, followed by the service sector with a growth rate of 7.1%.
