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Dumaguete City, Philippines Friday, July 29, 2016
Negros Oriental
Button NOCCI lauds tax reforms
Button 2 killed in shooting incidents
Malaysia firm eyeing to invest in city: Remollo
Dumaguete DFA welcomes passport plans 

NOCCI lauds tax reforms

The business sector in Negros Oriental praised President Rodrigo Duterte for spearheading tax reforms in the country, like the proposed lowering of corporate and personal income taxes as well as relaxing the bank secrecy law.

Negros Oriental Chamber of Commerce and Industry president, Ed Du, said this is good news for businesses especially for the micro, small and medium scale industries which constitute 99 percent of the country's economy. He said only one percent is considered as large taxpayers who can readily afford to pay the 30 percent income tax.

He said businessmen are pushing for the Singapore model, especially for MSME industries to entice them to invest more because they can already afford to pay a lower corporate tax which is 15 percent, the lowest in the ASEAN region.

2 killed in shooting incidents

Two men were killed in shooting incidents in the towns of Lazi and San Juan, both in Siquijor Island, recently.

At about 8:45 p.m. Sunday in Barangay Gabayan, Lazi, the police said Al Anthony Caliso Yuag, married, was found dead with a gunshot wound on his body.

At around 12:20 a.m. Tuesday, Kevin Gabin, single, was shot dead by an unidentified assailant in Barangay Paliton, San Juan town.

Malaysia firm eyeing
to invest in city: Remollo

A Malaysian-based company has signified its intention to invest in Dumaguete City under a lease-to-own scheme even as the group has already initiated partnerships with several local government units in the country for the construction of government centers.

Using his connections and networks and with a revised masterplan, Dumaguete Mayor Felipe Antonio Remollo said he was successful in enticing would-be investors, like Vista Green Corporation, that offered to construct a waste processing and gasification plant at the garbage dumpsite in Candau-ay without expense of the city.

This week, a team from the MTD Philippines Inc. presented before the city council and department heads a proposal to construct the government center at no cost at all to the city of Dumaguete.

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