Gold exempted from excise, income taxes



By Rose de la Cruz


Gold sold by small-scale miners to accredited traders for eventual disposition to the Bangko Sentral ng Pilipinas would be exempt from payment of excise and income taxes, according to Republic Act 11256, which was signed by President Duterte last March 29.


The new law exempts from excise and income tax the sale to the BSP of gold sourced from small-scale mining activities. The measure also covers the sale of gold by small-scale miners to accredited traders for the eventual disposal to the central bank. 

R.A. No. 11256 seeks to remedy the 99…

Read more: Gold exempted from excise, income taxes

 Hackers to attack concluding episode of GoT


By Rose de la Cruz


Kaspersky Lab researchers said the eighth and final season of Game of Thrones saw a spike in related cybercriminal activity.

The premiere of each episode was accompanied by a long tail of attacks targeting users who were trying to download the newly released episode. Instead of getting the latest episode, fans received malware disguised behind the name of the show.

Some episodes proved significantly more toxic than others, with the third episode triggering the highest number of detected attempts to attack users, reaching 3,000 attacks a day at its peak.

Experts expect the…

Read more: Hackers to attack concluding episode of GoT

 SM Foundation awards scholarship to 500 nationwide


By Rose de la Cruz


Five hundred high school graduates, all from indigent families, were awarded scholarship grants by SM Foundation Inc. at the Mall of Asia Arena Annex building for those coming from MM and nearby Luzon provinces and simultaneously in SM stores and malls in different parts of the country.


Of this, 35 percent are from the National Capital Region and 65 percent from the provinces. SM Foundation added new areas to this year’s batch of scholars from Daet, Sorsogon and Bataan.


The program has already graduated 3,274 (including 300 that will be finishing…

Read more: SM Foundation awards scholarship to 500 nationwide

 GNP grows by 5.6% in Q1


By Rose de la Cruz


The Philippine economy grew by 5.6 percent in the first quarter of 2019, the slowest recorded in 16 quarters since the first quarter 2015’s growth of 5.1 percent.


In a statement during the press conference of the National Economic and Development Authority today, Socioeconomic Planning Secretary Ernesto Pernia said the growth slowed down due to the re-enacted budget. It should have grown by 6.6 percent had the government operated on a 2019 fiscal program.


Comparing the 2018 and 2019 performance of the government sector, we see that government…

Read more: GNP grows by 5.6% in Q1

1st Pinay councilor in UK is reelected



By Boy Villasanta


Cynthia Alcantara-Barker, the first ever elected councilor in the United Kingdom won anew in the recent elections to select the representatives to the British Parliament and other local leaders of boroughs.


In the May 2, 2019 polls, Cynthia placed second in the three-slot posts as councilor of Borehamwood district.


“Rebecca Butler Zoe, Cynthia Barker and Kumail Jaffer have been duly elected as Borehamwood Kenilworth Ward Councillors,” reported by Borehamwood Kenilworth Ward.


According to a tally provided to us, Cynthia Barker, a Conservative, received 822 votes while Rebecca Zoe Butler of the…

Read more: 1st Pinay councilor in UK is reelected

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