Cielito Habito, former NEDA chief and now a professor at Ateneo de Manila University, cited the global growth forecast of the International Monetary Fund at 3.2 percent in 2019, with growth coming from emerging markets and developing economies, including the Philippines.
Citing the group’s position paper submitted to the Senate Ways and Means Committee, DSAP president Olivia Limpe-Aw, in a statement, said industry data has shown that “too much” tax hikes may result in lower revenues and tax yield for the government due to lower consumption.
“A1E has repeatedly tried and failed to get the 1,200 MW Atimonan power station up and running despite strong opposition from the public. Every step of the way, the proponents have tried to deceive and cut corners just so the plant could secure funding and permits,” said Ian Rivera of the Philippine Movement for Climate Justice, citing the project’s Environmental Impact Assessment, which did not recognize the pollution it would cause and specify on its mitigation mechanisms, the pending case against it and other coal projects funded by the World Bank - IFC, and its questionable acquisition of the Certificate of Energy Project of National Importance through Executive Order 30.
The religious leader and canon law expert made the remarks as the Chamber of Mines of the Philippines has bared the composition of its Community of Interest advisory panel as the organization of the country’s biggest large-scale mining firms prepares to roll out Towards Sustainable Mining –a set of tools and indicators to drive performance and ensure that key mining risks are managed responsibly, and best practices are used at members’ facilities.
FRANKFURT, Germany -- BYTON, the premium brand for smart electric vehicles, today unveiled the BYTON M-Byte at IAA Frankfurt. With the innovative M-Byte cockpit, centered around a 48-inch curved Display – the world's largest in automotive industry – BYTON fulfills its promise of implementing a user-centric operating philosophy. Users can interact with the display via 7-inch Driver Tablet, 8-inch Co-Driver Tablet, gesture control, voice commands (partnering with Amazon Alexa), and hard-buttons.
The Department of Finance has stressed the need to complete the passage of the remaining packages of the Duterte administration’s comprehensive tax reform program to ensure a reliable revenue base that would help support the modernization of the economy and ensure the equitable sharing of funds for the government’s social and infrastructure programs, while securing fiscal stability long into the future.
The Philippine peso delivered a strong performance against the US dollar in the first half of 2019, outperforming all but one of the top currencies in Southeast Asia. The peso racked up an appreciation of 2.82% against the dollar, a figure only surpassed by the Thai baht.
ZATEC, Czech Republic -- Nexen Tire, a leading global tire manufacturer, is pleased to announce the official grand opening and ribbon-cutting ceremony of the Nexen Tire Europe Plant in Zatec, Czech Republic, which took place on Wednesday, August 28 at 10:00 a.m.
GUANGZHOU, China -- Do the right thing and stick to it. That's the belief passed down from a forest ranger to his son following his 41 years worth of effort transforming about 2.27 square kilometres of a barren mountain into a lush paradise after planting half a million trees.
SEOUL, South Korea -- Hyundai Motor will display the company's focus toward the future direction of car design at the forthcoming IAA Frankfurt Motor Show (Sept. 10-22, 2019). Inspired by looking back at the brand's first model in the 1970s, the "45" fully-electric concept car will act as a symbolic milestone for Hyundai's future EV design.
MONTEREY, California -- Flanked by classic Pininfarina-designed cars owned by a number of the USA's leading car collectors and inspired by Pininfarina's purity of design and engineering elegance, Automobili Pininfarina presented the Battista hypercar and the company's future vision for luxury electric cars during Monterey Car Week.