Malacanang reduces taxes, penalties for independent power producers


MANILA — Malacañang said on Sunday that President Benigno Aquino III signed an Executive Order that grants the reduction and condonation of real property taxes and interest/penalties for independent power producers (IPP). In the radio interview with dzRB Radyo ng Bayan, Presidential Communication Operations Office Secretary Herminio Coloma, Jr., said Executive Order 173 covers real […]

PH’S 15.7 exports growth in September  2014 leads East


MANILA — Philippine merchandise exports grew by 15.7 percent in September 2014, once again topping trade-oriented economies in East and Southeast Asia since June, according to the National Economic and Development Authority (NEDA). “The country’s export performance for the last two quarters of 2014 culminated remarkably despite slower growth in July (12.4%) and in August […]

Shell, Petron, Chevron and PTT to rollback gas prices by 85 centavos

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MANILA — Petron Corporation, Chevron Philippines Inc (CPI), Pilipinas Shell Petroleum Corporation (PSPC) and PTT Philippines will implement a gas price reduction of 85 centavos on Monday at 12:01 am. Specifically, CPI’s gas products are WPP of Gold and Silver, while Petron’s are Blaze 100, Euro 4, XCS, Xtra Advance and Super Xtra. Moreover, Shell, […]

McDonald’s Japan halts import of chicken from China


TOKYO — McDonald’s Holdings Co. (Japan) has decided to stop importing all chicken products produced in China after a supplier in Shanghai admitting using rotten meat, local media reported Friday. McDonald’s Japan branches have sourced meat from Shanghai Husi Food Co. since 2002. The fast-food chain has stopped selling chicken McNuggets supplied by Husi at […]

Megawide to increase capital stock to P5B


MANILA — Megawide Construction Corporation will be increasing its authorized capital stock to P5 billion from P2 billion previously. In a disclosure with the Philippine Stock Exchange (PSE) Tuesday, the company said announcement of the capital hike plan was made during the company’s annual stock holders meeting Tuesday. The increase in capital stock will be […]

BDO to issue LTNCDs

bdo philippines

MANILA, Aug. 24 (PNA) — BDO Unibank, Inc. (BDO) is set to issue another tranche of up to P5 billion worth of Long Term Negotiable Certificates of Deposit (LTNCDs) as part of the Bank’s effort to lengthen the maturity profile of its funding sources and support its growth objectives. BDO last issued P5 billion worth […]

Apple and Microsoft, Then and Now

Apple and Microsoft

By NICK BILTON / New York Times If you picked up The New York Times in December 2000, you would have seen very different headlines than exist today. Microsoft was projected to generate revenue of $6.4 billion for the last fiscal quarter of 2000, whereas Apple, the company’s almost-lifeless competitor, was clawing to reach $1 […]

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