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Semirara Mining Corp., owned by the Consunji family, plans to export 2.5 million metric tons of coal this year, company officials said.
Strong yen bloats PPA debt on Batangas port by P3b
By Roderick T. dela Cruz
The Philippine Ports Authority incurred an additional debt of up to P3 billion over the past year alone, because of the strong yen, which pushed up the value of the government’s loan for the inactive second phase of the Batangas Port Development Project.
Finance: Govt to forfeit P20b in revenues from tax relief law
By Lawrence Agcaoili
The government will forego roughly P20 billion in potential revenues this year from the full-year implementation of the tax relief law, which increased the personal exemptions of taxpayers and waived the withholding tax on minimum wage earners.
Customs says high oil prices raise VAT take
Incremental value-added taxes collected by the Bureau of Customs jumped a little over 30 percent due to rise oil prices in the world market in the first half of last year.
By Victor C. Agustin
Hardly had the Asian Institute of Management quelled its labor row with the AIM Faculty Association when the academic equivalent of a catfight broke out between two female colleagues, putting AIM president Francis Estrada and Dean Victoria Licuanan on the spot.
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