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Two Filipinos headline ONE card in Thailand

first_imgIn fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ “Tyson” will take on undefeated Japanese Daichi Takenawa (11-0-1) in a bantamweight clash in the undercard of Clash of Legends.Abelardo earned a ONE Championship contract after he beat Shinechagtga Zoltsetseg via first round stoppage and that win marked the Filipino’s fourth straight victory and sixth in seven matches.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissAlso in the card is Team Lakay’s Gina Iniong who plans to get back on the winning track as she takes on Thailand’s Jihin Radzuan in the women’s atomweight division.Iniong (7-4) lost her last fight against Istela Nunes via unanimous decision while Radzuan (4-0) looks to extend her winning streak with her last three fights all happening inside the ONE Championship cage. After witnessing Fiba records, Sisters of Mary Boystown also get financial boost SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold00:412 buses bound for SEA Games opening collide in Bulacan02:10SEA Games 2019: Didal collects 2nd skateboard gold02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Don’t miss out on the latest news and information. Nadine Lustre’s phone stolen in Brazil Philippine Army to acquire MANPADS, self-propelled howitzers MOST READcenter_img Headlining the card is Nong-O Gaiyanghadao as he takes on Han Zi Hao in a firecracker of match for the ONE Super Series Muay Thai World bantamweight title.Gaiyanghadao is considered as one of the best strikers of all time having competed in over 300 professional bouts winning two Thailand National Muay Thai Championships, four Lumpinee Stadium Muay Thai World Championships in different weight classes, and a Rajadamnern Stadium Muay Thai World Championship.Sports Related Videospowered by AdSparcRead Next Filpina dynamo Gina Iniong from Team Lakay. ONE CHAMPIONSHP PHOTOMANILA, Philippines—A couple of Filipinos are set to do damage in ONE Championship’s Clash of Legends card on Feb. 16 at Impact Arena in Bangkok, Thailand.Mark Abelardo (17-5) is set to make his main roster debut after an impressive outing in Rich Franklin’s ONE Warrior Series 3.ADVERTISEMENT Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Ginebra beats Meralco again to capture PBA Governors’ Cup title Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra Tom Brady most dominant player in AFC championship history Ginebra beats Meralco again to capture PBA Governors’ Cup title View commentslast_img read more


Govt backpedals on VAT reduction promise

first_imgGovernment appears to be dragging its heels on its long-delayed manifesto promise to significantly reduce the rate of the Value Added Tax (VAT) on consumer items – within 100 days of taking office.Finance Minister Winston Jordan, during a press conference on Monday, posited that the Administration had practically done all that was possible in relation to alleviating the burden of VAT and any more changes would require extensive consultations and possible repercussions.Jordan pointed out that Government has already implemented an extension to the zero-rated VAT items in both Budget 2015 and Budget 2016.“There is virtually nothing more left to reduce on,” the Minister declared.Further justifying the Government’s decision to not keep its campaign promise, Jordan also insisted that the Private Sector Commission (PSC) advised against VAT reduction during the budget consultations.The Finance Minister conceded, however, that the A Partnership for National Unity/Alliance For Change (APNU/AFC) coalition did indeed promise a significant reduction in the VAT rate, but indicated that there was a slim likelihood of this occurring without any consequences.“This is a commitment that we intend to uphold, but it’s a commitment that we want to be sure when we do it, we won’t have to hastily pull it back … We cannot reduce VAT on existing base, we have to broaden the base to recoup revenues that will be lost…We want to do it in a careful manner so that when we do it, we won’t have to go back and increase it or something,” he explained, though this was never disclosed on the campaign trail.Jordan highlighted that there were various options for reducing VAT, one being a charge on consumer items like electricity and water as a trade-off for an across-the-board reduction.“What we would want to do is have the widest possible consultations ,because some of the options that you have is putting the VAT on some things that could cause trouble and then you will hear, you know, I said it the last time that you have to bring into the mix, things like water that doesn’t attract VAT at the moment, electricity that doesn’t attract VAT at the moment…If you remember in Trinidad and Tobago, when they reduced the rate, they broadened the base …They removed all the exemptions, so even baby food attracted VAT…We have to be prepared for what is doable and what may not be doable,” he stated.Nonetheless, he assured that Cabinet was discussing the matter and any changes to the VAT system were likely to come on stream in 2017.Providing assistance to Guyana in this regard is the International Monetary Fund (IMF). According to the Finance Minister, a mission will be dispatched to Guyana to conduct an assessment of the VAT structure in the country and make recommendations on how to proceed to implement changes.The Tax Reform Committee was established by Government to conduct a similar assessment, but, according to Jordan, the members probably did not perform an adequate task.Nonetheless, he lauded the work done by the Committee and noted that the other recommendations made were before Cabinet for discussions.Finance Minister Winston Jordanlast_img read more