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Saturday, October 13, 2007 |
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DOF to push for new tax bill
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THE Department of Finance said starting next
month it would push for the passage of a bill in Congress that would
raise taxes from self-employed individuals and professionals.
It was a quick turnaround for the agency, which
only a few months ago said the government would no longer pursue new
tax measures, and instead would focus on implementing laws passed by
the Thirteenth Congress.
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Tight sugar supply, high prices seen in near
term
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STATE-RUN Sugar Regulatory Administration (SRA)
warned Friday that the country may suffer from a tight supply of
sugar due to lower-than-expected cane deliveries to millers last
month.
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Local borrowing eyed to stem peso rise
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THE government plans to tap domestic sources for its funding needs
next year to address exporters’ concerns over a rapidly
appreciating peso, the Department of Finance said.
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Stock market likely to test new highs next week
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PHILIPPINE share prices are likely to touch fresh highs on the back
of positive economic data and strong corporate earnings, dealers
said Friday.
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Shell completes mother refilling station for CNG
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ENVIRONMENT-FRIENDLY buses plying Metro Manila
roads may finally become a reality after Pilipinas Shell Petroleum
Corp. completed the construction of its main compressed natural gas
(CNG) refilling station.
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Biggest change to the internet since its creation
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Alphabet to lose Web dominance
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NEW YORK: The Roman alphabet will lose some of its dominance of the
Internet beginning Monday when the organization overseeing website
addresses starts testing 11 new languages for domain names.
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Oil prices easy in Asia, still near record highs
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SINGAPORE: World oil prices eased slightly but remained near recent
record highs in Asia on Friday after data showed a sharp fall in
United States crude stocks last week, dealers said.
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China’s trade surplus scorches
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BEIJING: China’s trade surplus this year has already scorched past
the record 12-month figure of 2006, official data showed Friday,
giving further ammunition to critics of the Asian giant’s currency
policies.
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Global media tycoon hungry for greater market
share
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NEW YORK: Rupert Murdoch, probably the planet’s most powerful
media magnate, is backing a new venture, the Fox Business Network,
months after taking over Dow Jones & Co. and The Wall Street
Journal.
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US retail giant Wal-Mart eyes Malaysia
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KUALA LUMPUR: The US retail giant Wal-Mart is keen to open stores in
Malaysia, a junior minister said Friday, amid a government drive to
lure investment and boost economic growth.
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Vietnam’s Communist Party announces plan to
switch to open-source software
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HANOI: Vietnam’s Communist Party plans to switch its 20,000
desktop computers nationwide to open-source software next year,
avoiding problems with copyright infringement, state media said
Friday.
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Dollar stable in Asian trade as market turns
cautious ahead of key US data
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TOKYO: The dollar was steady in Asian trade on Friday as the market
turned cautious ahead of the release of US retail sales data,
helping the yen to recoup early losses, dealers said.
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Foreigners buying back local stocks
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FOREIGN investments in local stocks and other
peso-denominated financial assets returned last month after leaving
the country in August when a housing sector-led credit crunch hit
the United States.
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SEAIR says likely to miss profit forecast
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OWING to the delay in the approval of the lease agreement for two
brand new Airbus aircraft from Tiger Airways, Southeast Asian
Airlines (SEAIR) said it may be unlikely to meet its profit forecast
this year.
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LEARNING &
INNOVATION
By Moje Ramos-Aquino, FPM
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All are potential or virtual global citizens
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It seems like our own overseas Filipino workers are not the only
globally mobile people in the world. Talents from all over are going
around to work and live in countries other than their own.
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