LISTED green builder Italpinas Development Corp. expects to generate P1.4 billion in revenues from Miramonti, its first residential project in Luzon which is set to be launched soon. We are now awaiting only the license to sell before launching the project,” Italpinas Chairman and Chief Executive Officer Romolo Nati said. We have met with the brokers and they are excited as well to market the project,” Italpinas President Jojo Leviste said. Sto Tomas and Miramonti are placed right at the hub of these expressways connecting to the Metro area. Apart from Miramonti, Italpinas is also looking to develop more projects in emerging cities such as Dumaguete and Davao and other areas like Mindoro, Pangasinan, Subic and Bataan.
ROCKET Internet subsidiary Zen Rooms plans to add five or six more cities to its budget hotel network in the Philippines over the next few years. We will be adding more cities,” Zen Rooms co-founder and managing director Nathan Boublil told reporters on the sidelines of the 3rd Annual Private Equity & Venture Forum held at Fairmont Makati Hotel. Zen Rooms is a budget hotel network with a presence in Manila, Baguio, Boracay, Cebu City, Pampanga, Tagaytay, Puerto Galera, Bohol, Batangas, Siquijor, Dumaguete, Davao City, and Palawan. It operates more than 5,000 hotel rooms in more than 35 locations across Southeast Asia. “Wherever we go, we would have to propose,” Boublil said, noting that Zen Rooms will look at favorite tourist destinations to offer accommodation.
With the recent decision of the Court of Tax Appeals (CTA) in ZMG Ward Howell, Inc. vs Commissioner of Internal Revenue (CTA Case No. The CTA opined that to qualify as zero-rated sale, the requisites provided in Section 108(B)(3) of the Tax Code must be satisfied by the sale of services. 16-05, which provides that effectively zero-rated sale of services shall be performed in the Philippines. However, this does not mean that the place where the service is rendered will determine the imposition of VAT on the sale of service either at 0 percent or at 12 percent. In other words, it is for the purpose of acquiring jurisdiction to impose VAT that the Tax Code requires the performance of service by VAT-registered persons be done in the Philippines before such transaction may qualify for VAT zero-rating.
All those mining areas of PMDC will be declared as mineral processing industry zones,” said Plaza. “We will be inviting investors who will put up mineral processing plants. This project of PEZA inviting mineral processing industries is the answer. “By November we hope to launch already the Philippine Economic Zones map. We will put in the map the existing economic zones and industries and the new economic zone industries,” she said.
With Ben Mbala anchoring a solid defensive effort and putting the cuffs on University of the Philippines top gun Paul Desiderio, a vengeful Green Archers scored an 85-62 payback over first round tormentor Maroons last night in the UAAP Season 80 men’s basketball tournament at Filoil Flying V Center. “We had lost three or four games against UP (dating back to the summer leagues) so it’s like a game of pride for us. From 30 points in the first time, Desiderio coughed up seven markers on a 2-of-13 clip against the taller and bigger Cameroonian. “Too bad for UST, wala yung Top 2 players nila si Akomo and Sta Ana (We got a good break their Top 2 players Akomo and Sta. Oliver de Guzman (17 points, 10 rebounds, six assists) and Jeepy Faundo (17 markers, 13 board) had a double-double for UST.
This done by securing a Death Certificate from the NSO, which in turn will issue a certificate on their special Security paper. However, this can only be done if the Civil Registrar has submitted or forwarded their official version of the death certificate to the NSO. Hospitals, attending physicians or funeral parlors should be able to, or required to send the death certificate not only to the Civil Registrar concerned but also to the NSO. In fact, the BIR might consider pushing for mandatory submission of a copy to the BIR whenever a person dies and a death certificate is issued. If the LTFRB can stand up to Uber and colorum taxis, why can’t they stand up against Wild Cat strikers called Jeepney Operators?
MANILA, Philippines — Typhoon Odette (international name Khanun) has left the Philippine area of responsibility, but a new weather disturbance is expected to enter the country either today or tomorrow. He added that the intertropical convergence zone would bring light to occasionally heavy rains in Metro Manila, Bicol region, Calabarzon, Mimaropa, Western and Central Visayas, Zamboanga Peninsula and the provinces of Tawi-Tawi, Sulu and Basilan. Gile also said the trough or extension of Odette continued to dump rains over Batanes and the Babuyan Group of Islands yesterday as it moved toward Southern China. PAGASA warned seafarers and fishermen of rough to very rough seas over the northern and western seaboards of Northern Luzon, and the western seaboard of Central Luzon. Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1The weather bureau said one to two cyclones are predicted to enter the country this month.
Troops have missed previous deadlines to flush out the militants who intended to establish a local IS caliphate. Yesterday, a number of FA-50 fighter jets flew over Marawi as soldiers fought the terrorists house-to-house in an area that has shrunk to about two hectares, a military spokesman said. “We are hoping that we will end this Marawi siege very soon,” Col. Romeo Brawner, deputy commander of the task force battling the militants, told reporters. Pro-IS gunmen occupied parts of Marawi, the Islamic capital of the mainly Catholic Philippines, last May 23. Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1Military commanders last week set a target of Oct. 15 to end the fighting.
I got this e-mail from an old friend who had worked on various government infrastructure projects. He confirmed my worst fears about why Build Build Build seems to be stranded. However, the suggestion to bid out “design and build” projects is not something new. In nearly all cases, infrastructure projects can be implemented in half the time if the ROW is provided in a timely manner. I, and many other people, am fervently hoping that the President will inject that same zeal into the implementation of infrastructure projects.
Water and soap: these two basic, affordable items can go a long way in promoting health. Launched by the Global Public-Private Partnership for Handwashing with Soap, the international community has been observing Global Handwashing Day every Oct. 15 since 2008. Health experts estimate that nearly one in five of healthcare centers in low- and middle-income countries worldwide lack toilets and one in three lack soap for handwashing. Providing sufficient water and soap as well as clean toilets can save lives and improve public health. These should be widely available at least in public health centers and schools.
MANILA, Philippines — The Department of Finance has intensified its efforts to weed out corrupt personnel under its umbrella through a lifestyle check on its officials and employees, particularly in the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC). About five officials have been recommended for dismissal recently after the RIPS conducted a lifestyle check. The investigation has also flagged some high-ranking officials within the DOF and its attached agencies, but Agabin declined to name them pending the completion of the investigation. In line with this, Finance Secretary Carlos Dominguez III earlier ordered its attached agencies, particularly the BIR and the BOC, to intensify its efforts to flush out corrupt officials. Recently, Customs Commissioner Isidro Lapeña assured that BOC officials and employees would be subject to lifestyle checks amid corruption allegations being thrown at the bureau in light of the issue on the P6.4-billion shabu smuggled into the country.
The study, using probabilistic risk models for disasters that have been used to calculate estimates of future economic losses from a range of natural hazards, warned that 720,000 people in the Philippines face the risk of displacement and loss of housing. The study, covering 204 countries and territories, shows that eight of the 10 countries with the highest risk of future displacement and loss of housing are in South and Southeast Asia. Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1“This is an important baseline against which we can measure progress in reducing disaster risk. The findings underline the challenge we have, to reduce the numbers of people affected by disasters,” UN Secretary-General’s Disaster Risk Reduction special representative Robert Glasser said. Unless disaster risk is managed better, homelessness among people in the world’s most disaster-prone countries is predicted to continue rising.
MANILA, Philippines — Celebrity milliner Mich Dulce has slammed a foreigner she accused of harassing her in a bar in Makati City and showed no remorse when she confronted him. I started to film him after screaming at him for a while and he showed no remorse. “So there are still decent guys but fu**ing hell I hate these ass**le s**pats,” she added. The man then asked her to show a video to prove he groped her, making Dulce more furious as she pointed out there were people who witnessed what happened. “If you know who he is, it’s time to shame him… and bust him,” Dulce said.
WASHINGTON: The growing split between the United States and the rest of the world spilled into the annual meetings of the International Monetary Fund and World Bank in Washington this week. Last year, the Republican-controlled Congress effectively vetoed the move, and the Trump administration has not supported bringing it back to life. US questions IMF, Bank payInstead, Mnuchin took aim at the IMF and World Bank bureaucracies, calling them inefficient and suggesting their staffs are overpaid — a longstanding view among many US conservative critics of both. “We see scope for further budget discipline, especially with respect to compensation and the Executive Board budget,” he said of the World Bank. “We should all be concerned about slow global trade growth and increased anti-free-trade rhetoric.
October 15, 2017 16:07 UTC
TOKYO: Embarrassing scandals at Kobe Steel and Nissan have tarnished the reputation of Japan Inc for quality, as once-mighty industrial world-beaters battle fierce global competition and shrinking profit margins. The Kobe Steel news came just days after Nissan recalled more than one million vehicles in Japan after admitting that staff without proper authorisation conducted final vehicle inspections before shipping them to dealers. Costly workers in mature economies like Japan are directly pitted against cheap factory staff in emerging markets in a competition for jobs. And the Japanese auto manufacturing behemoths have expanded overseas production, rather than exporting vehicles from Japan. The Kobe Steel and Nissan scandals are the latest in a string of negative headlines for Japanese industry that used to be the envy of the world.
October 15, 2017 16:07 UTC