Business & Economy

Drugstore chain owner tops BIR list of taxpayers

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MANILA -- Vivian Que Azcona of Mercury Drug emerged as the country’s top individual income taxpayer for 2012, with several show-biz personalities behind her, according to the Bureau of Internal Revenue (BIR).

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Singapore importing Davao Durian

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Davao City -- Export of Philippine fruits has achieved another milestone with locally produced Durian making its way to the Singaporean market.

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Court ruling on FedEx alarms businesses

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Rulings that curtail the flow of commerce is not only counterproductive, but is destructive to the Philippine economy, businessmen said in reaction to the latest court ruling which nullified the license of FedEx to do business here.

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Emirates Starts Clark-Dubai daily flights, plus SkyCargo

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Clark, Pampanga – Emirates, one of the world’s fastest growing airlines, further expanded its global network on October 1, 2013 with the start of its non-stop, daily service between Dubai and Clark International Airport, the airline’s second destination in the Philippines.

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European firms keen on setting up shop in PH

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More European firms have expressed keen interest in locking in their Philippine investments, given the local economy’s robust growth, improvement in governance and the availability of young, skilled workforce in the country.

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Int’l flight volume increased 14%

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The country’s six key international airports registered a 14 percent increase in number of flights in the first-semester of the year, while their combined passenger traffic grew by 8.5 percent during the period.

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Why US bonds matter to global markets?

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New York (AP) – It’s no surprise that investors get nervous every time politicians debate raising the US debt limit.

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Europe’s organic market worth $9.5B

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The European Chamber of Commerce of the Philippines (ECCP) September 30 said it will push for the Philippines to have a bigger share of Europe’s annual $9.50 billion organic market.

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APEC Economic Leaders’ Week 2013 opens in Bali

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Bali, Indonesia, 2 Oct 2013 -- The Leaders and Ministers of 21 Pacific-Rim economies will gather this week in Bali intent on revitalizing trade to keep the global economy on a path to recovery, create jobs and move the region towards more balanced and sustainable long-term growth.

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Japanese firm registers first electric tricycle in LTO

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BEET Philippine Inc., a Japanese electric vehicle startup company, has successfully registered its electric tricycle with the Land Transportation Office (LTO), offering road-worthy electric tricycles powered by lithium battery and AC motor that could be driven almost anywhere in the country.

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