THE deal to settle Mighty Corp.’s P25-billion tax liability, accompanied by a takeover of the company by JT International (Philippines), Inc., may require approval from the Philippine Competition Commission (PCC), the Finance department said.
Taxpayers are looking forward to the proposed tax reform of the Department of Finance (DoF). While the first package of the tax reform is now pending with the Senate, the DoF is starting to work on the second package. Both packages propose a reduction in income tax rates for both individuals and corporate taxpayers. While the reduction in the income tax rate is a welcome change, I am still hopeful that the reform in the withholding tax (WHT) system is also included.
THE GOVERNMENT has started to invite parties to bid for the P12.55-billion Clark International Airport Terminal, the first project to fall under the government’s hybrid public-private partnership (PPP) scheme.
THE extension of military rule over Mindanao to the end of the year is not costing the region any investments so far, Finance Secretary Carlos G. Dominguez III said.
In the last decade, the phrase “inclusive growth” has emerged as an axiom among government policy makers in the Philippines, a trend that is seeing significant support from the business community.
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Long Beach Annual Art Pow!Wow!: Long Beach Vice Mayor Rex Richardson speaks before a gathering of media at a press preview of the weeklong Third Annual Pow Wow of his city. Pow Wow artists transform blighted walls of historic Long Beach into canvases of artistic expressions of various muralists. (Photo by Ray Andres) A number of mural artists had art power by collectively transforming drab walls of the Long Beach into giant canvases that speaks volume on the sense of community of the historical city. Long Beach Vice Mayor Rex Richardson expressed his City’s appreciation of the collective effort of the many muralists in the project which impacted his community in his brief remarks at the press preview in launching the Third Annual Pow! Wow Long Beach at the parking lot of Varden Hotel. The week-long art exhibition highlights the work of renowned artists who “create large format art pieces using Long Beach building as their canvases”. Artist Jasper Wong, Pow! Wow! Founder and director and his fellow muralists whose creativity had breathed life into once “blighted walls” were on hand to present the artist behind the magical transformation of the walls. Wong has been credited for his vision to “make the world a little better and foster peace through the art” and has corroborated and partnered with like-minded individuals for his project in many parts of the world. Pow!Wow! from where the art gathering draws inspiration from is a native American term of a community gathering “to celebrate culture, Read More …
Jed & Morissette – The Golden Voices 2017 Two of the most-coveted, multi-awarded international Filipino singers- Jed Madela and Morissette Amon, are set to perform live in Pechanga Resort & Casino theater on August 19 at 7:30 p.m. Pechanga Resort & Casino is well-known for hosting the best and the brightest Filipino entertainers and performers such as Megastar Sharon Cuneta, the singer/actress and Tony Award winner Lea Salonga, popular comedian and actor Vice Ganda, winner of “Star Power Search 2011” Angeline Quintos, international actress and top endorser Anne Curtis, and Pop Star Princess Sarah Geronimo – who all gave wholesome entertainment to the delight of the crowd. Not only fine dining, relaxation and entertainment, Pechanga Resort & Casino wish to provide the ultimate experience especially, to Filipino-American patrons. Commonly known as John Edward Tajanlangit, JED is a Filipino recording artist and TV host, who became the first to win the World Grand Champion title with a uniquely wide vocal range. Madela, who hailed from Iloilo, Philippines, started his singing career at five years old while joining various competitions where he usually ended up winning. As Madela rose to stardom, he represented the country in 2003 to join and landed first in surveys in the Voice of Asia competition as he bagged the ‘People’s Choice Award.’ Thereafter, he received numerous awards like the ‘Sponsor’s Choice’, the Mainhill Award as the ‘Best Voice of Asia Male Singer. ‘ He made waves during the 2005 World Championship of the Performing Arts in Hollywood, Read More …
National Geographic Travel has identified the Philippines as one of the “10 Places That Deserve More Travelers.” Banaue Rice Terraces [via National Geographic Travel] NatGeo travel writer Tara Isabella Burton recommended coming to the Philippines’ many tourist-friendly destinations outside the Sulu archipelago, such as the Banaue Rice Terraces. Burton beckons travelers to “Visit the country’s ice-white beaches, or head inland to stunning places like Banaue and Batan, both on North Luzon–the archipelago’s biggest island–to visit two-thousand- year-old rice terraces–UNESCO World Heritage sites each violently blindingly, green.” NatGeo encourages visitors to keep coming to the tourist economy-reliant Philippines saying, “The local tribes who live around the terraces sustain themselves though tourism–so contribute to the local economy by hiring a hiking guide (around 15 dollars) and participating in homestays, like Ramon’s: where you can spend the night in a traditional Ifugao hut.” The Philippines and the other 9 countries in the NatGeo list “can offer not just an unforgettable vacation experience but also an opportunity to engage with cultures and practices outside one’s own experience.” The travel authority counters the image of an unsafe world created by news, stating that unusual destinations are actually safer to explore these days using the internet for research. NatGeo Travel placed the country at 5 th spot in the list saying that despite a U.S. government warning due to terror attacks and political flak the current administration is receiving for how it handles its drug war, the South East Asian nation is worth the bit of risk and Read More …
Filipino food chain Jollibee has made it to the Top 10 fast food list released by FoodBeast in the United States. Jollibee Chicken Joy [via Instagram] The FoodBeast list of “The Top 10 Fast Food Fried Chicken Joints In The USA” declared Jollibee’s Chicken Joy as supreme saying, “Jollibee is the Filipino fast food chain that's gonna take over the United States because of their BOMB fried chicken.” Writer Constantine Spyrou placed the Filipino favorite fried chicken in the No. 3 spot over other fried chickens: “What makes it stand out beyond the rest, however, is a gravy packed with flavors of onion and celery that is absolutely ethereal. You almost want a whole bucket of the gravy just to dip into the chicken, it's that good. The unique savory notes of that gravy compliment fried chicken in a way that no other fast food chain on this list can replicate, and it's why Jollibee deserves such a high spot on this list.” Jollibee chicken made it to the list of the tastiest fried chicken food chains in America along with other fried chickens with “crispy skin with the tender, delicious meat inside is hard to resist, no matter what chain you go to.” The Filipino food chain has established stores across the world with the most concentration of overseas Filipino migrants like America, Canada, and Italy. Jollibee’s inclusion in the list is based on the travels of the Foodbeast crew, national impact, and overall quality of fried chicken. Read More …