ALI invests additional P12.5 for Nuvali
Ayala Land Inc. invests an additional P12.5 billion for the next three to five years of developing Nuvali. According to John Estacio, general manager of the estate, Nuvali eco-city is going to become CALABARZON’s regional growth center which will expand the district to build more projects in the next five years. The estate owns 12, 000 residential units, 85, 000 gross leasable areas of retail and office spaces, and 150 hotel rooms. In addition, Nuvali owns two business process outsourcing (BPO) buildings, an event center, two schools, and a few recreational attractions. An increase in business activity is being expected after the opening of Cavite-Laguna Expressway (CALAX) because of more investors and additional market from Manila, Cavite, and nearby provinces.
Bounty on Pamana’s killers, doubled to P200k
Authorities have doubled the reward for any information leading to the capture of the people responsible for killing Pamana, one of the last specimens of the highly endangered Philippine Eagle (Pithecophaga jefferyi). On Thursday, the Department of Environment and Natural Resources (DENR) announced a P100,000 bounty on the killers. However, early Friday, SunStar Davao reported that Davao Oriental Gov. Corazon Malanyaon and TV host and environmentalist Kim Atienza—who helped release Pamana into the wild last June—have each added P50,000 to the bounty. This brings the total reward up to P200,000.
Mining firms get 71% tax rate with new tax policy
A total of 71 percent tax rate will be given to mining firms operating all over the Philippines, in relation with the new tax policy. Mining Industry Coordinating Council (MCC) submitted the proposed mining revenue sharing scheme, allowing the government to have 71 percent of mining profit. Chamber of Mines of the Philippines (COMP) said that the proposed mining fiscal regime is against the flow of the economy and would drive investors away. The tax rate includes mayor’s fee, corporate income tax business permits and other fees imposed by the local government units (LGUs). The House panel will be discussing the said tax policy again on tomorrow, August 25.
Google introduces Android Marshmallow
Google will soon release a new operating system for android devices named Android Marshmallow. Android Marshmallow follows the chain of what seems to be a sweet treat for android users next to Lollipop, Kitkat, Jellybean and Ice Cream Sandwich. Android 6.0 was dominated by Android Marshmallow that caters 80 percent of android users, owning a smartphone. Android Marshmallow’s operating system includes fingerprint sensors and power-saving mode.
Khan plans to defeat the People’s Champ
The British Superstar, Amir Khan is determined to fight Manny Pacquaio as one of his ticket to a huge payment and as his way to defeat the World Pound-for-pound king, Mayweather. Khan used to train with Pacquiao as a sparring partner when he was still aligned with boxing Coach Freddie Roach. Unfortunately, Khan has to wait until 2016 because of Pacquiao’s recent operation of his right shoulder. Khan believed that he must defeat first the big names in the boxing industry to be able to get the title for himself.