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Abby Binay says tax exemption of overtime pay, bonuses to boost financial security of workers, improve quality of life of families

Senatorial candidate and Makati Mayor Abby Binay has renewed her commitment to advocating for the tax exemption of overtime pay and bonuses like the 13th month pay to promote financial security among government and private sector workers and their families.

Japan, PH Coast Guards strengthen ties in landmark meeting

Japan Coast Guard (JCG) Commandant Seguchi Yoshio and Philippine Coast Guard (PCG) Commandant Ronnie Gil Gavan recently held their first in-person meeting, marking a significant step in bolstering maritime cooperation between the two nations amid growing regional security challenges. In a statement following the meeting, JCG Commandant Seguchi emphasized the strategic importance of bilateral cooperation in advancing a "free and open Indo-Pacific," a vision both Tokyo and Manila share in response to increasing tensions in regional waters. He described the face-to-face dialogue as a “valuable opportunity” for candid discussions, highlighting the depth of mutual commitment to maritime security and operational collaboration.

MSCI upgrades Converge ICT ESG rating to ‘AA’

Lead fiber broadband and technology provider Converge ICT Solutions Inc. has earned an upgraded Environment, Social, and Governance (ESG) rating of ‘AA’ from MSCI, signaling its status as industry leader in sustainability and risk management practices.

Starbucks revenue rises, margins suffer in Q2

Starbucks Corp. reported mixed results for its fiscal second quarter ended March 30, as global same store sales declined by 1 percent due to...

Meta earnings up on ad growth momentum

Meta Platforms Inc., parent company of Facebook, Instagram, and WhatsApp, posted stronger-than-expected first-quarter earnings, lifted by robust advertising revenues and continued momentum in artificial...

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Solid Group, Singaporean partner plan USD40M solar venture

Solid Group Inc. is teaming up with a Singapore-linked investment group to establish a USD40-million venture that will build and operate a Philippine factory producing solar photovoltaic cells and modules for export.

MacroAsia profit drops 45% as costs, weaker affiliate earnings bite

Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.

VinFast brings updated electric VF 8 SUV to Manila

VinFast has introduced its updated VF 8 electric SUV in the Philippines, pricing the five-seater from P1.55 million with a battery subscription or P1.79 million with the battery included.

October US inflation raises Fed rate hike stakes

US consumer prices rose more than expected in October, strengthening expectations that the Federal Reserve will raise interest rates next month, lifting yields and pressuring equities.
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