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Lower income taxes, better for investors

Amid the skyrocketing prices of basic commodities, business owners welcomed the passage of the Tax Reform for Attracting Better and High-Quality Opportunities (Trabaho) bill in the House of Representatives. For Rey Calooy, president of Filipino-Cebu Business Club Inc., since the bill seeks to lower the corporate income tax, more investors are expected to pour in money, generating...

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Real estate tycoons are biggest winners in Forbes rich list

MANNY Villar shot to the second spot in Forbes’ annual list of richest Filipinos, with a net worth of $5 billion, the publication said. According to Forbes, the former senator’s wealth tripled over the past year, with shares of his Golden Bria leaping 1,300 percent in the first quarter. SM’s Henry Sy stayed at the top, with a net worth of $18 bill...

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When selling online, keep it short but complete

FOR property to be sold immediately online, sellers must provide the right information immediately. Nadine Pacis, learning and development coach of online property portal Lamudi Philippines, told SunStar Cebu that a seller must remember that online readers have a short attention span and one has to give the essential details to capture an audience. Lamudi Philippines is an online...

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Tax amnesty bill up for plenary approval

The House committee on ways and means on Tuesday passed and submitted for plenary approval the substitute bill paving the way for the much-anticipated general tax amnesty being planned for next year. The substitute to House Bills No. 3655, 3832, 4011, 4133, 4412 and 7105 was approved by the ways and means committee after it removed from the measure the earlier included provisions on a...

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Pag-ibig to members: Borrow more

STATE run-Pag-Ibig Fund Visayas reiterated its call for members to take advantage of its credit facilities, especially for residential ownership. According to Pag-Ibig Fund Visayas Department Manager for Business Development Rio Teves, the Cebu hub, which includes Tacloban, has an allocation of P6.198 billion. As of June this year, the agency has financed 2,234 hou...

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Megaworld to build JP Morgan tower

Megaworld Corp. has bagged a deal to build in Fort Bonifacio an “iconic” 25-story office tower for the global shared services operations of American banking giant JP Morgan Chase. The build-to-suit building will have about 70,000 square meters of leasable space, Megaworld said in a statement on Tuesday. JP Morgan’s new business process outsourcing hub is ex...

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