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INQUIRER.net file photo MANILA, Philippines — New and higher taxes, plus a three-year deferral of income tax reductions scheduled for individual taxpayers will be the bitter pill that Filipinos must swallow to repay ballooning debts and bring down the level of these obligations that piled up amid the prolonged COVID-19 pandemic, President Rodrigo Duterte’s chief economic manager said. According to Finance Secretary Carlos Dominguez III, the proposed fiscal consolidation and resource mobilization plan unveiled by the Department of Finance (DOF) on Wednesday, which it will pitch to the economic team of the incoming Marcos Jr. administration, was be a “doable” set of measures that were “fair, efficient, and corrective” following the incremental P3.2 trillion in debts incurred to beef-up the COVID-19 war chest. DOF Undersecretary Valery Brion said that had COVID-19 not happened, the Philippines’ outstanding debt would have stood at only P9.9 trillion by the end of this year; … [Read more...] about Higher taxes pitched to repay Duterte’s COVID-19 debts

As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. And as rising costs squeeze profits, companies with robust revenue growth are in a far better position to expand earnings. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. ( GPN ), 56.2%, Danaher Corp. ( DHR ), 33.1%, Adobe Inc. ( ADBE ), 21.2%, Nvidia Corp. ( NVDA ), 35.4%, Mastercard Inc. ( MA ), 44.3%, and Microsoft Corp. ( MSFT ), 36.1%. Key Takeaways Goldman says 24 S&P 500 companies will post double-digit sales … [Read more...] about 6 Market Leaders Fueled by Superior Revenue Growth

Finding affordable housing is always a challenge, but it’s especially difficult for low-income people with a disability—homelessness can be a real risk when appropriate, affordable housing is difficult to access. Approximately half a million single adults and heads of households who used homeless shelters over the course of a year reported having a disability, according to data from the Annual Homeless Assessment Report. The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Health and Human Services (HHS) fund housing programs for families and individuals who find themselves in this position. State, county, and local programs exist as well. Key Takeaways Low-income housing options for the disabled are available through the housing subsidy voucher programs of states’ public housing authorities. Different voucher programs are aimed at different populations, depending on specific criteria; eligibility requirements vary for each program. … [Read more...] about Low-Income Housing Options for People with Disabilities

Share to Twitter Share to Linkedin SAN ANTONIO, TX - MARCH 5 : Dillon Brooks #24 of the Memphis Grizzlies drives past Dejounte Murray ... [+] #5 of the San Antonio Spurs at AT&T Center on March 5, 2018 in San Antonio, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Cortes/Getty Images) In a deal that underscores the huge success of the NBA,  the Memphis Grizzlies announced yesterday that controlling owner Robert Pera has sent a formal notice to the NBA that he will retain his controlling interest in the basketball team. Team valuation for Pera's buyout: $1.3 billion. The price was confirmed by a person with detailed knowledge of the deal but who was not authorized to speak about it publicly. In November, the Athletic reported that "A buy-sell provision in the ownership … [Read more...] about Robert Pera Agrees To Keep Control Of Memphis Grizzlies At $1.3 Billion Valuation

Share to Twitter Share to Linkedin Topline Tuesday’s shooting in Uvalde, Texas, which left at least 19 children dead, serves as a harrowing reminder that firearms became the leading cause of death for young Americans in 2020, and researchers suggest Congress’s 1996 decision— at the urging of the National Rifle Association — to block spending for research focused on prevention and solutions hampered efforts to address the issue for decades. Key Facts In 2020, firearm-related deaths overtook motor vehicle crashes as the leading cause of death for Americans ages 1 to 19, according to Centers for Disease Control and Prevention data analyzed in a research paper published in the New England Journal Medicine last month. Gun-related deaths became the leading cause of death for all Americans regardless of age even earlier, in 2017, and has since extended the gap between the two, according to another paper published in the New England Journal Medicine … [Read more...] about As Gun Violence Became Deadliest Problem In America, Congress Cut Funding To Research Solutions — At The NRA’s Urging

Protesters, mostly public school teachers, shout slogans as they are pushed away from the gates of the Presidential Palace by police to protest alleged inaction by the government in raising their salary petition Monday, June 2, 2014 in Manila. The protest, coincided with the opening of classes Monday for the school year 2014-2015. AP PHOTO/BULLIT MARQUEZ MANILA, Philippines–Around 100 public school teachers and members of militant groups pushed for a salary increase for educators during a rally in Mendiola, Manila, on Monday afternoon, the first day of the school year. The Alliance of Concerned Teachers (ACT) Philippines together with student groups that included Kabataan party list, National Union of Students of the Philippines (NUSP), League of Filipino Students (LFS) and Anakbayan carried an oversized mock report card marked with the letter “F,” which they said “signified President Aquino’s failures in various fields of competency.” The report card was later burned by the … [Read more...] about Teachers demand salary increase

Susan Roces The work that the late actress Susan Roces did in the TV series “FPJ’s Ang Probinsyano” had “extended” her life and made her “feel happier and more fulfilled,” according to her daughter, Sen. Grace Poe-Llamanzares. “I’m grateful for the family she had in ‘Ang Probinsyano.’ She had always felt sad after my father (actor Fernando ‘FPJ’ Poe Jr.) died [in 2004]… But I noticed that whenever she was taping, she felt really alive,” Grace told the cast and producers of the program. They were all present at Susan’s wake on Sunday night at the Heritage Memorial Park in Taguig City. Dubbed as the “Queen of Philippine movies,” Susan had an acting career that spanned seven decades. She passed away on Friday night. She was 80. She is set to be laid to rest next to the tomb of her husband, FPJ, at the Manila North Cemetery today, Thursday. Roces (left) with husband Fernando Poe Jr. (right) and daughter Grace Born Jesusa Purificacion Levy Sonora-Poe in Negros Occidental, … [Read more...] about Colleagues recall legacy of ‘Queen of Philippine Movies’ Susan Roces

W hen it comes to consumer technology , Asia’s Forbes 30 Under 30 young entrepreneurs are on the forefront of developing new apps–from those for edtech t0 dating. Interest in Web3 apps is also increasing and these entrepreneurs are catering to that as well. Anticipating the rise of the metaverse, 27-year-old Risa Feng cofounded BUD in 2019 to enhance the new social experiences. Users of this free app can create and exchange 3D content, such as cuddly avatars and objects, in a drag-and-drop fashion. They can also make friends, chat with each other and start online battles in a recently added survivor mode. Following the app’s launch last October, Feng quickly rolled out BUD in app stores around the world. She declines to disclose active user numbers, but the app was downloaded 12.5 million times from Google Play and Apple’s App Stores worldwide, according to analytics platform Sensor Tower. “From text to pictures then to videos, every generation has its … [Read more...] about 30 Under 30 Asia: From Edtech To The Metaverse, Meet The Young Entrepreneurs Innovating In Consumer Technology