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Abolish BIR? Tax expert says agency should be free from politics
MANILA, Philippines – A tax expert believes the Bureau of Internal Revenue (BIR) should be abolished and replaced with an independent tax collection agency. Asian Consulting Group founding chairman...
View ArticleSan Miguel nets P52 billion in 2024 amid ‘strong operations’
MANILA, Philippines – San Miguel Corporation’s (SMC) net income grew 22% to P52 billion in 2024 thanks to higher sales volumes across its units. Tycoon Ramon Ang’s conglomerate booked P1.6 trillion in...
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[ANALYSIS] Aboitiz Power gearing up to increase its energy assets
A strong player in the nation’s energy security program, Aboitiz Power Corporation (Aboitiz Power), is gearing up to increase its power distribution and retail business as part of its strategic goal...
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ERC to study San Miguel Global Power’s P34-billion recovery request
MANILA, Philippines – The Energy Regulatory Commission (ERC) is studying a possible hike in electricity rates following the termination of power supply agreements (PSA) between San Miguel Global Power...
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Philippines now VAT-free for foreign tourists
MANILA, Philippines – Foreign tourists coming to the Philippines may now avail of value-added tax (VAT) refunds. Finance Secretary Ralph Recto, Customs Commissioner Bienvenido Rubio, and Internal...
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SM for all: Conglomerate eyes provinces ‘where growth is accelerating’
MANILA, Philippines – As SM Investments Corporation (SMIC) marked the 20th anniversary of its listing on the Philippines Stock Exchange (PSE), the conglomerate promised to continue opening doors for...
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More Veggies Please? Metro Pacific eyes 10 more vegetable greenhouse facilities
BULACAN, Philippines – Business mogul Manny V. Pangilinan launched a new brand focused on making high-quality vegetables more accessible to businesses and households. It’s called “More Veggies Please”...
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It may take 8 years before Metro Manila condos are bought. Where are people...
MANILA, Philippines – Metro Manila has more condominium units available versus what it can sell. According to Colliers Philippines, a property consultancy firm, it may take over 8 years before the...
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Air Canada inaugurates non-stop route between Manila, Vancouver
MANILA, Philippines – Air Canada began direct flights between Manila and Vancouver on Thursday, April 3. Its maiden flight from Vancouver with flight code AC17 arrived at Ninoy Aquino International...
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Trump tariffs may be favorable to PH agri exporters – DA chief
MANILA, Philippines — Agriculture Secretary Francisco Tiu Laurel Jr. said on Thursday, April 3, that the United States’ imposition of sweeping global tariffs may give Philippine agricultural products...
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