POVERTY in 2013 likely worsened due to the natural calamities of that year, a National Economic and Development Authority (NEDA) official said yesterday.
May 122014
May 122014
THE NATIONAL Economic Development Authority (NEDA) claimed that freedom of information (FoI) can promote economic growth and suggested that it cover the private sector and the media.
May 122014
FOR CORPORATE income taxpayers adopting the calendar year, the first-quarter income tax return (ITR) will be due this May 30. Hence, before filing, taxpayers must revisit the rules on the preparation of the first-quarter ITR in which methods or options to be taken become crucial in the subsequent income tax return preparation and irrevocable for the entire taxable year.
May 122014
By Rhony Laigo PAL said the use of 777-300ER will “save Philippine Airlines some $20 million per aircraft per year.” Boeing’s new 777-300ER are now part of Philippine Airlines US-bound fleet. On Saturday, May 3, the new aircraft made its maiden voyage to Los Angeles from Manila and will be added to the regular fleet of Manila-US flights (Los Angeles and San Francisco) as PAL officials also announced a return to New York, Chicago and soon Florida. In a product briefing held by the sea at The Reef Restaurant in the scenic city of Long Beach for the members of the media and travel agents, PAL officials, led by Area Manager Marie Jemma Saranillo, presented a glimpse of the new Boeing 777-300ER which is said to be “the largest twin-engine aircraft of today.” Powered by two large General Electric 90-115BL engines, the new fuel-efficient aircraft can reach any city in the world from Manila “non-stop” while carrying a full load of 370 passengers and cargo. Not only will the 777-300ER use lesser fuel, a PAL video presentation said cost in maintaining it is also lower because of the new avionics and other technology put in place in the modern Boeing model. PAL said the use of 777-300ER will “save Philippine Airlines some $20 million per aircraft per year.” Saranillo said PAL, which is now 49 percent owned by giant food conglomerate San Miguel Corporation (the remaining 51% is still owned by tobacco magnate Lucio Tan), acquired six of these aircraft that Read More …
May 122014
Funds shifted to more advanced economies By Paolo G. MontecilloPhilippine Daily Inquirer 12:04 am | Tuesday, May 13th, 2014 The Philippines failed to attract as much investments last February as it did the same month last year as investors shied away from risky assets to focus more on advanced economies, which have started to recover from the 2008 global financial crisis. Data released by the Bangko Sentral ng Pilipinas (BSP) showed a steep decline in long-lasting foreign direct investments in February—a reversal from the slight increase posted the month before. The decline was a result of significant drops in new investments in the form of equity capital, and multinationals’ lending to their units in the Philippines. A total of $350 million in FDIs entered the country in February—75.3 percent lower year-on-year. This brought the cumulative figure to $1.37 billion—down 24.7 percent from the inflows seen in January and February 2013. Bulk of equity capital investments came from the United States, Japan, Singapore, Germany and Hong Kong. The funds made their way into the financial and insurance, real estate, transportation, manufacturing and mining sectors. Bucking the trend, reinvested earnings of multinationals rose by 11.3 percent during the month to reach $70 million, the BSP said. “Foreign investors opted to retain their earnings in local corporations on the back of favorable prospects for the Philippine economy,” the BSP statement read. BSP Deputy Governor Diwa C. Guinigundo last month described the first quarter of the year as “challenging times” for emerging markets, even Read More …
May 122014
MANILA, Philippines – Foreign exchange losses continued to weigh down the income of diversified conglomerate San Miguel Corp. (SMC) even as it posted higher revenues in the first quarter. In a statement, SMC said its net income was nearly halved to P2.2 billion in January to March compared with P4.2 billion last year. “Without the foreign exchange losses, SMC’s net income was at P4 billion, 23 percent higher than the comparable income for the same period last year,” the conglomerate pointed out. SMC said the strength of the dollar against the peso resulted in a P1.8-billion net loss in the first quarter, reversing the P1-billion foreign exchange gain in the same period last year. But the appreciation of the peso to 43.65 as of May 9 effectively eliminated the foreign exchange losses, it added. Revenues rose almost a tenth to P195 billion in the first quarter, driven by energy units — Petron Corp. and SMC Global Power Holdings Corp. that posted double-digit improvement even as core businesses San Miguel Brewery Inc. (SMB), San Miguel Pure Foods Co. Inc. (SMPF) and San Miguel Yamamura Packaging Corp. reported better quarter-on-quarter results while liquor unit Ginebra San Miguel Inc. made a solid recovery. The strong performance of Ginebra, SMPF and the power business allowed SMC to record P15.5 billion in consolidated operating income, SMC said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 For its part, SMB’s consolidated sales volume reached 46.6 million cases, down year-on-year due to a trade build-up prior Read More …
May 122014
Design your own bags, shirts, shoes and even drawers with minimalist products!
May 122014
Nestea Beach is about party, enjoyment, sports, advocacy, and so much more.
May 122014
Mirabella star Julia Barretto in white cropped top and mint sequined pencil skirt paired with pointed nude pumps.
May 122014
http://dpw.lacounty.gov/epd The County of Los Angeles Department of Public Works will host a free used motor oil and used oil filter recycling event at San Angelo Park, 245 San Angelo Avenue, on Saturday, May 17 from 9 a.m. to 1 p.m. In exchange for turning in their used oil, participants will be rewarded with free oil containers, oil filter containers, shop towels, and funnels while supplies last. In addition, residents can drop-off used motor oil and used oil filters for free at weekend County-sponsored Household Hazardous Waste/Electronic Waste Collection Events or at local Certified Collection Centers. A full calendar of collection events and center locations can be found at www.CleanLA.com. Residents are asked to prepare items for drop-off by placing used oil filters in sealed plastic bags and storing used motor oil in leak-proof containers without mixing the oil with other liquids, including water. For additional information on the County’s oil and oil filter recycling program, call Edna Gandarilla, Program Manager, at (626) 458-6536.