Asia-Pacific economies, including the Philippines, need more targeted policies to harness artificial intelligence (AI) in tourism as small businesses risk being left behind by the technology’s rapid adoption, according to the Paris-based Organization for Economic Cooperation and Development (OECD). In a report on Wednesday, Sept. 9, titled “Artificial Intelligence and …
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The Bureau of Internal Revenue (BIR) said exporters can now get back the value-added tax (VAT) they paid on local purchases and imports, even while they wait for a government certificate confirming they qualify for tax-free treatment. The BIR said Wednesday it issued Revenue Memorandum Circular No. 96-2026 on Sept. …
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Photo shows applicants at a jobs fair in Makati (STAR / File) MANILA, Philippines — The country’s unemployment rate in July rose to its highest level in over four years as more Filipinos joined the workforce, but not enough jobs were available in the market. Preliminary results of the Philippine …
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Finance Secretary Frederick Go (Photo courtesy of EJAP) The Philippines seeks to conclude negotiations for a double taxation agreement (DTA) with Oman within the year, but the two governments are still working out a negotiation schedule, a finance official said last week. Department of Finance (DOF) assistant secretary for revenue …
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Manuel V. Pangilinan, Enrique Razon Jr. and Ramon Ang (STAR / File) MVP, Ang, Razon firms shortlisted MANILA, Philippines — Companies backed by tycoons Manuel V. Pangilinan, Enrique Razon Jr. and Ramon Ang are among the 11 bidders qualified to advance to the government’s waste-to-energy (WTE) auction. “We have 14 …
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The Philippines is willing to slash tariffs on Japanese car imports in exchange for zero duties on its banana shipments to Tokyo, a strategy Manila expects could pave the way for the country to become the world’s top exporter of the fruit. Trade Secretary Cristina Roque told reporters that the …
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The Data Center Operators of the Philippines (DCPH) said they are establishing new data centers over the next two years to increase capacity by three times to 473 MW, from 150 MW right now (Businessworld / File) NEW YORK, United States – Data centers are running into a wall of …
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CARACAS/MIAMI — The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of US money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting US authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt …
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TAIPEI — Foxconn’s third-quarter performance is expected to outperform market expectations given strong artificial intelligence (AI)-related demand, the Taiwanese contract electronics maker said on Saturday, though it offered caution about “volatile” global politics. Foxconn, Nvidia’s biggest server maker and a major Apple supplier, has been a big beneficiary of the …
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With local businesses turning pessimistic in July, confidence in the economic conditions three months from now has also weakened on the back of the sustained war in the Middle East and weaker investor confidence. According to the latest Business Expectations Survey (BES) of the Bangko Sentral ng Pilipinas (BSP), corporate …
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