US Senate to spotlight virtual currencies as bitcoin plunges

Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class.

Surface ozone increases in East Asia due to more pollution emissions: report

Ozone pollution is dropping across many parts of the United States and Western Europe, but levels have been increasing in East Asia, reflecting increasing pollution emissions, according to new research.

Nissan to launch new all-electric Leaf in Asia-Pacific markets

Nissan Motor Co said it will launch the new version of its all-electric vehicle Leaf in seven markets in Asia-Pacific, and explore bringing it to two more, in its latest push to boost sales of electrified vehicles.
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BIR: No more special tax rates for workers of regional HQs; MNCs appeal their...

The Bureau of Internal Revenue (BIR) has issued a reminder that employees of regional operationg headquarters of multinational firms, including those in business process outsourcing, will no longer enjoy special personal income tax rates as a result of the tax reform package that took effect last month.
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DA prods DTI to step in and put a cap on rice prices as...

The Department of Agriculture is urging the Department of Trade and Industry to step in and put a cap on rice prices in the market.

‘No more court of last resort, only court of no resort’ as SC upholds...

(UPDATED) At least four lawmakers, a lawyers' group, and a farmers' organization on Tuesday assailed the Supreme Court's ruling upholding Congress' resolution backing President Rodrigo Duterte's move to extend martial law in Mindanao for a year.
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Alvarez eyes rationalized revenue formula for prospective federal states, regions

MANILA, Philippines - Lawmakers are contemplating a rationalized formula of revenue distribution to help ensure that poor provinces or regions do not get the...

Security Bank posts record P10.3-B profit in 2017

Listed Security Bank Corporation (SBC) chalked up a record-high net income of P10.3 billion in 2017, driven by double-digit growth in net interest and non-interest income.

Leni accepts Bongbong challenge for both of them to withdraw all PET petitions

The camp of Vice President Leni Robredo took up former senator Ferdinand "Bongbong" Marcos Jr.'s offer to withdraw his pending motions before the Presidential Electoral Tribunal if his rival would also do the same.
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January ’18 inflation rate at 4% expected: BSP

The Philippines’ inflation rate hit 4 percent in January 2018, the upper end of the government’s 2017-19 target and the highest after the 4.3 percent in October 2014.

WATCH | SC upholds yearlong extension of martial law in Mindanao

Voting 10-5, the Supreme Court has upheld the yearlong extension of martial law in Mindanao.

Thai rights presscon called off after police warning

A news conference by a Thai rights group was called off on Tuesday following a police warning not to hold the event or risk violating a junta ban on public gatherings.

Pirates free oil tanker with 22 Indian crew in Gulf of Guinea

Pirates freed a ship carrying 22 Indian crew and 13,500 tonnes of gasoline on Tuesday, Hong Kong-based Anglo-Eastern, which was managing the ship, said in a statement.

BIR suspends audits pending review of policies, procedures

The Bureau of Internal Revenue (BIR) has suspended investigations of taxpayers, saying yesterday it needs to review policies and procedures in this regard after its head said last month that the practice has not improved collections.

China says carries out another anti-missile test

China has successfully carried out another test of an anti-missile intercept system, the Defense Ministry said on Tuesday, describing it as defensive and not aimed at any country.