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The new Bureau of Internal Revenue (BIR) regulation requiring all businesses to replace their receipts with BIR-printed receipts is¬†unfair to small entrepreneurs, a House leader said Thursday. Revenue Regulations no. 18-2012 will take effect on July 1, and BIR Commissioner Kim Henares said the deadline will not be extended.…

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San Antonio demolished defending champion Miami, 113-77, on Tuesday (Wednesday in Manila) to take a one game lead in the NBA championship series. The Spurs, playing at home, ran all over the Heat in the second half as Danny Green put on a spectacular show, finishing with 27 points.…

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President Benigno Aquino 3rd this morning opened the celebration of the 115th Independence Day by raising the Philippine flag at Liwasang Bonifacio. There were simultaneous flag-raising rites at several sites. Vice President Jejomar Binday led the ceremonies in Luneta, Sen. Franklin Drilon at General Emilio Aguinaldo Shrine in Kawit, Cavite;…

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MANILA: The Philippines’ jobless rate soared to a three-year high in April even though the nation has the fastest-growing economy in Asia, official data showed Tuesday. President Benigno Aquino insisted the rise to 7.5 percent was due to temporary problems in the farming sector, but economists said it highlighted huge…

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BERLIN: Deadly floods forging a path of devastation through central Europe for more than a week bore down on northern Germany Tuesday as troops raced to bolster sodden dykes. Swollen rivers in the German states of Saxony-Anhalt and Schleswig-Holstein posed the biggest threat after flood waters caused billions of euros…

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JOHANNESBURG: Nelson Mandela was spending his fourth day in hospital Tuesday where he was being treated in intensive care for a lung infection. The 94-year-old former president was rushed to a Pretoria hospital early Saturday and was said to be in serious but stable condition. His latest health scare has…

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HONG KONG: Hong Kong stocks ended 1.20 percent lower Tuesday, in line with a regional sell-off, as property counters were hit by concerns the government will introduce fresh measures to cool home prices in the city. The benchmark Hang Seng Index lost 260.43 points to close at 21,354.66 on turnover…

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BAGHDAD: A wave of attacks mostly targeting security forces in Sunni areas of Iraq killed at least 73 people, officials said on Tuesday, updating the toll from the violence a day earlier. Monday’s unrest, which wounded more than 250 people, is the latest in a surge in bloodshed that, along…

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DAMASCUS: At least 14 people were killed when twin explosions caused by suicide bomb attackers struck near a police station in Damascus Tuesday, state television said, updating its earlier toll. “The number of casualties after a twin suicide attack in Marjeh square has risen to 14 dead and 31 injured,”…