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Category: finance

County supervisors OK transfer of $1.5M for Santa Maria Sports Complex

The Santa Barbara County Board of Supervisors on Tuesday approved the transfer to the City of Santa Maria $1. 5 million for the Santa Maria Sports Complex funds allocated in the 2021-22 budget to support the then-conceptual complex.

BlockDAG’s $420M Ecosystem Redefines Global Banking While Dogecoin & Astar Struggle to Match Real Utility

While Dogecoin (DOGE) analyst prediction charts short bursts of hype and Astar (ASTR) bullish price discussions circle around cautious optimism, [.] The post BlockDAG’s $420M Ecosystem Redefines Global Banking While Dogecoin & Astar Struggle to Match Real Utility appeared first on Coindoo.

DOF set to form group to ease investor tax, nontax concerns

MANILA, Philippines — The Department of Finance (DOF) will establish a multisectoral working group with private sector partners to tackle tax and nontax issues that have unsettled investors, part of a broader effort to improve the country’s business climate. The initiative was a product of a dialogue on Oct. 14 between Finance Secretary Ralph Recto

GlobalSource: Proposed tax holiday ‘poorly targeted’

MANILA, Philippines — The proposed one-month income tax holiday would primarily benefit the middle class, exclude low-income workers and strain public finances without guaranteeing equivalent economic and social gains, GlobalSource said. Sen. Erwin Tulfo has proposed what he called an “extraordinary measure” in response to “resounding clamor” to “return the people’s money” amid a widening

Philippines gets $400-M ADB loan for insurance sector

MANILA, Philippines – The Asian Development Bank (ADB) on Tuesday announced a $400-million policy-based loan to help boost the Philippines’ insurance sector by creating an enabling environment for broader participation in the industry. The Insurance Reform Program, Subprogram 1, would support broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term

PSE lifts Globalinks suspension

MANILA, Philippines – The market regulation arm of Philippine Stock Exchange has lifted the involuntary suspension issued against Globalinks Securities and Stocks Inc. after three months, saying the stock brokerage house now had enough capital to continue operating. In a memorandum on Tuesday, Capital Markets Integrity Corp. (CMIC) said it had received documents from Globalinks showing

BIZ BUZZ: Panglao Hole symposium?

Every year, the world’s top central bankers, policymakers, academics and market movers descend on Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s high-profile symposium—a must-watch event where one stray comment can jolt global markets. Now, the Bangko Sentral ng Pilipinas (BSP) wants its own version of that. READ: BIZ BUZZ: Mapua opens