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(Eagle News)– Magdalo Rep. Gary Alejano on Friday expressed concern about what he said was the joint marine research in Philippine waters to be conducted by the Philippines and China. According to Alejano, it was the Department of Foreign Affairs that gave the approval for the Institute of Oceanology of Chinese Academy of Sciences and the University of the Philippines-Marine Science Institute to conduct the research that he said would cover Eastern Luzon, where Benham Rise […]
https://www.youtube.com/watch?v=BZWTXT8pD2Q (Eagle News) –The Department of Finance (DOF) said Thursday the government loses more than P300 billion annually from the implementation of income tax holidays and other incentives being enjoyed by big corporations. This, according to Finance Undersecretary Karl Kendrick T. Chua, means there is a need for the rationalization of incentives for investors under the second tax reform package that the DOF will submit to Congress before the end of January. Based on […]
(Eagle News) — The Philippines will continue to be the “fastest-growing economy” in the Association of Southeast Asian Nations in the next three years. This is according to the World Bank’s January 2018 Global Economic Prospects report released on Wednesday. According to the WB, the country’s Gross Domestic Product was expected to grow 6.7 percent in 2018 and 2019. In 2020, the growth rate is expected to be 6.5 percent. The WB said the forecast […]
(Eagle News) — The Philippines will intensify coordination with its Indonesian counterparts to ensure security and prevent the utilization of territorial waters as an “avenue for the proliferation of terrorism and other transnational crimes,” among others. The border committees of both countries said in a statement that they were considering adding more border crossing stations to “closely monitor the entry and exit” of their nationals. In the statement issued days after President Rodrigo Duterte met with […]
(Eagle News) –The Tax Reform for Acceleration and Inclusion (TRAIN) law is expected to raise over P786 billion in revenues in a span of five years. According to Department of Finance (DOF) Secretary Carlos Dominguez III, the projected revenues amount to P786.4 billion in that period of time. Based on DOF data, Package 1 of TRAIN, which was signed into law on Dec 19, 2017, is expected to generate P89.9 billion. Package 1 raises taxes on fuel, […]
(Eagle News) – Up to 70 percent of Filipinos nationwide believe that President Rodrigo Duterte performed better as the country’s president, so far in the past one year and a half that he is in office, compared to former President Benigno “Noynoy” Aquino III’s full six year term. This was according to the latest survey of the Social Weather Station based on a poll conducted from December 8, 2017 to December 16, 2017. Based […]
MANILA, Philippines (AFP) — Millions of dollars of cocaine packed in a plastic drum has washed up on a seashore in the eastern Philippines, an anti-narcotics official said Friday. A local fisherman in the town of Matnog found the drum on Wednesday and reported it to authorities, not knowing what was inside, said Christian Frivaldo, a regional director of the Philippine Drug Enforcement Agency. Inside the drum, anti-drug agents found about 24 kilograms (53 […]
JAKARTA, Indonesia (AFP) — The Association of Southeast Asian Nations (ASEAN) needs to beef up its disaster management efforts after the region was hammered by deadly storms that left a path of destruction in their wake, its new chief said Friday. Secretary-general Lim Jock Hoi, a veteran Bruneian diplomat, pointed to a tropical storm that battered the southern Philippines last month leaving at least 240 dead and tens of thousands displaced. Also in December, a […]
MANILA, Philippines (AFP) — Filipino athletes eyeing a spot at the 2018 Asian Games may have their work cut out ahead of this year’s regional Olympics in Indonesia after officials said only medal holders need apply. The southeast Asian nation, which has never won an Olympic gold and is known as a chronic underachiever in international sporting competitions, made the announcement Wednesday as it looks to boost the number of accolades it brings home. […]
(Eagle News) — The Philippines is among nine countries to benefit from a $100-million aid from the United Nations. Apart from the Philippines, the Democratic Republic of the Congo, Uganda, Tanzania, Cameroon, Mali, Eritrea, Haiti and Pakistan could avail of the funding that will be sourced from the Central Emergency Fund from the UN in 2018. The Philippines will be sharing $13 million with Mali for relief operations stemming from internal strife in the country. […]
(Eagle News) — The country’s first tropical depression for the new year has entered the Philippine Area of Responsibility (PAR) on the first day of year 2018, and is now named “Agaton”, placing at least 17 provinces mostly in Mindanao under tropical cyclone warning signal number 1. In its latest weather bulletin issued at 5 p.m., the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said that low pressure area (LPA) east Southeast of […]
MANILA, Philippines ( AFP) – The death toll from a tropical storm in the southern Philippines has risen to 74, officials said Saturday, with concerns the figure could rise as dozens remained missing. Tropical Storm Tembin struck Mindanao, the archipelago nation’s second-largest island on Friday, triggering flash floods and mudslides that have since erased a remote village from the map. The Philippines is pummelled by 20 major storms each year on average, many of them deadly. But Mindanao, […]
