FOLLOWING delays in the implementation of the Cebu Bus Rapid Transit (BRT), the World Bank has proposed a restructuring of its financing package for the project, including an extension of the project’s closing date to Sept. 30, 2026 from the current Jan. 30, 2024. The World Bank also proposed revisions to the project’s components, extension of the deadlines for compliance with agree...
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Overseas Filipinos’ cash remittances increased by 2.8 percent year-on-year to $30.211 billion as of end-November 2023 from $29.38 billion same time in 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). The BSP said Monday, Jan. 15, that for the month of November, remittances sent through official banking channels rose by 2.8 percent to $2.719 billion from $2.644 bi...
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Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued Revenue Regulation No. 1-2024, increasing the value-added tax (VAT) exemption threshold for the sale of houses and lots and other residential dwellings. The revised threshold now stands at P3.6 million, up from the previous P3.2 million. This revision aligns with Section 109 (P) of the National Internal Revenue Cod...
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MANILA – Diversified conglomerate DMCI Holdings Inc. has maintained its positive outlook for 2024 due to cooling inflation and stabilizing interest rates. “Overall, we expect the DMCI group to deliver another resilient performance this year,” DMCI Holdings chairman and president Isidro Consunji said in a disclosure to the Philippine Stock Exchange Wednesday. Consunji s...
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AI will seriously take our world by force. Digital technology and robotic developments will increase and there will be healthcare breakthroughs: overall, 2024 will be disruptive but with positive innovations taking us into the future. Space Being the only mythical creature of the Chinese zodiac representing the earth and other planets, we may look ahead to conquering other planets...
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Cebu’s already-formidable economy has experienced rapid growth in recent years, thanks in part to the recent completion and greenlighting of several high-impact infrastructure projects. These projects are further heightening Cebu’s status as a regional business and cultural hub, improving connectivity, generating high-value jobs, and enhancing the quality of life for residents. ...
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