Business & Economy

IRS FREE MONEY IS HERE!

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Get as much as $6,000 tax-free money from the IRS, if you earn less than $51,000 from wages, self-employment or farming, provided that you file a tax return, even if you do not owe any tax or are not required to file. Known as EITC or EIC (Earned Income Credit), it is a refundable federal income tax credit for low to moderate income earners.

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Coco oil exports up 32%

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Coconut oil (CNO) exports last year surpassed the target as expected, jumping by 32 percent to 1.12 million metric tons in copra terms, according to the United Coconut Associations of the Philippines.

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Power problem poses risks to 2014 growth

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Economic Planning Secretary Arsenio Balisacan has acknowledged that the power situation has become a key concern for the government saying this could pose risks to the attainment of the country’s growth targets.

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Cebu Pac acquires Tigerair Philippines

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MANILA -- Cebu Air Inc., the operator of the country’s biggest budget airline Cebu Pacific, has sealed a strategic alliance with Singaporean low-cost carrier Tiger Airways Holdings in a deal it claims would create the biggest network of flights to the region, according to a disclosure submitted to the Philippine Stock Exchange Wednesday.

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Aquino inaugurates new power plant

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Batangas City – The government is looking to tap more efficient energy resources to boost the country’s energy supply, President Benigno S. Aquino III said here yesterday as he led a time capsule-laying ceremony for a power plant fired by natural gas.

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GMA Pinoy TV wins MAM Award for Best Television Journalism

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GMA Pinoy TV’s Pusong Pinoy sa Amerika garnered the Best Television Journalism Award for the TV (Regular) category at the 2013 Migration Advocacy and Media (MAM) Awards.

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Investments in Bataan Freeport grow four-fold to P2.1 billion

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Foreign direct investments into the Freeport Area of Bataan (FAB) has grown four folds to P2.1 billion in 2013 from only P390.6 million in 2012, making it the new freeport of choice among expanding foreign companies and the fastest growing economic zone in the country.

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Man of still, steal or steel?

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Question: The US markets started 2014 on a negative note. While doomsayers are not that plentiful, nobody is overly bullish about the prospects of the New Year, not like with the start of 2013. Some, from analysts to fortune tellers, are even raising caution. Do you think the prospects for investing in the Philippines will not be good for 2014?—Posted on PFA’s “ask a friend, ask Efren” service at www.personalfinance.ph

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Trademark Filipino hospitality boosts tourism

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ASEAN Secretary General Le Luong Minh said the trademark Filipino hospitality will propel the Philippines’ tourism recovery efforts as he rallied ASEAN member countries to make their presence count by visiting the country.

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Toyota invests P500M in PH plant

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Toyota Motor Philippines Co. is set to invest nearly P500 million this year to raise the production output of its facility in Sta. Rosa, Laguna, and further increase the local content of the Vios, which is being produced here.

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