Tax court voids P65.93-million assessment of MyPhone’s liabilities
LOCAL MOBILE phone brand MyPhone won in its bid to cancel the Bureau of Internal Revenue (BIR)’s assessment of tax liabilities worth almost P66 million.
LOCAL MOBILE phone brand MyPhone won in its bid to cancel the Bureau of Internal Revenue (BIR)’s assessment of tax liabilities worth almost P66 million.
IN connection with the upcoming 2017 Southeast Asian Games in Malaysia and its commitment to help in growing the local sports scene, AirAsia Philippines recently launched its #DaretoDream sports initiative.

Through a series of Web videos, AirAsia Philippines, the official airline of the country for the 2017 SEA Games in Kuala Lumpur, highlights the journey of different Filipino athletes in the hopes of inspiring them to do good in the Games, rallying support for them as they compete, and inspire others to dare to dream big in sports.
“The #DaretoDream initiative is part of AirAsia’s continued commitment to grow the local sports scene. Through the Web video series, we are sharing the hard work and passion that drives our athletes. We also want to gather support for them from every Filipino — we want everyone to watch them compete and cheer for them during this year’s SEA Games,” said AirAsia Philippines Brand Manager David Viray during the launch of their campaign.
Videos that AirAsia will be posting include those of volleyball star Alyssa Valdez, swimmer Jessie Lacuna, and long jump athlete Marestella Torres-Sunang.
As part of the campaign, AirAsia Philippines will be posting video updates of the 2017 SEA Games on its Facebook page, which will be hosted by volleyball player and TV personality Michele Gumabao.
The 2017 SEA Games in Kuala Lumpur, Malaysia, the 29th edition of the biennial sporting meet, will take place from Aug. 19-30. The Philippines will be sending 490 athletes who will compete in 37 out of a possible 38 sports.
To learn more about AirAsia’s #DaretoDream campaign, visit the AirAsia Philippines Facebook page at www.facebook.com/AirAsiaPH. — Michael Angelo S. Murillo
PARANG, SULU — A sub-leader of the notorious kidnap-for-ransom Abu Sayyaf Group (ASG), identified as Badong Mutakdil, was killed Saturday in the waters off Parang, Sulu.
AS early as last year, Alab Pilipinas team manager Charlie Dy has been wooing Jimmy Alapag to become the coach of the Philippines’ representative to the Asean Basketball League.

But Mr. Alapag has to fulfill his commitment with the Meralco Bolts first and Mr. Dy had to wait until the next season before finally securing his services.
“We’ve been trying to get him as early as last season, but he’s still under contract, so we couldn’t get him on board,” added Mr. Dy.
Mr. Alapag wrapped up his PBA season, emerging as the all-time leader of three-point shots made. He is now a member of the Bolts’ coaching staff while also serving as deputy of coach Chot Reyes in the Gilas Pilipinas team, which is currently playing in the ongoing FIBA Asia Cup in Lebanon.
The Mighty Mouse’s appointment as head coach of the Alab Pilipinas team, a squad which was reinforced by Ray Parks and later on, Kiefer Ravena, was made official Saturday, giving the former Most Valuable Player a chance to rebuild a team.
Mr. Alapag, himself, is going to embark on a new challenge in his PBA career, but Norman Black and Alex Compton, who worked with the 5-foot-9 guard in different capacities, believe the future PBA Hall of Famer will be up to the task.
“I think he’ll be up to task. Jimmy is a smart player and I think he could be a smart coach as well. We’ve been talking basketball almost everyday. He told me about this during one of our conversations. Jimmy is dedicated person, he has great work ethics and he’s got the leadership qualities. I think he’ll do good coaching,” added Mr. Black.
Messrs. Black and Alapag won a PBA championship together in 2012 with the Talk ’N Text Tropang Texters and the multi-titled mentor believes the young coach could bring his winning ways to his new club.
Like Mr. Black, Mr. Compton sees Mr. Alapag as a valuable addition to Alab Pilipinas.
“I think Jimmy Alapag’s appointment as head coach of Alab Pilipinas is logical in the sense that he could bring a lot of things to the team. He’s got great leadership qualities. He’s one of the finest leaders ever to play basketball. He’s got great work ethics. I’ve been with him in Gilas Pilipinas in 2015 and I’ve seen how he inspired the other players during the team’s workouts. Aside from that, he has the reputation for winning. Jimmy is a winner,” said Mr. Compton.
“Jimmy has gone full circle. As a player, you’ll start learning being an assistant coach and from an assistant coach, you’ll start learning being a head coach. We’ve seen coaches like Tim Cone winning with his triangle offense, we’ve seen coach Chot Reyes having success with his dribble drive. We’ve seen coaches like Norman Black, Jong Uichico and Yeng Guiao having success with their own system. But whatever system Jimmy is going to run, I do believe that he’s going to have success based on the qualities he could bring to his new squad — his leadership, his great work ethics and the inspiration he could instill in his new squad,” added Mr. Compton. — Rey Joble
CHARLOTTESVILLE — A white nationalist rally erupted into deadly violence Saturday as a car plowed into a crowd while demonstrators and counter-protesters clashed, as President Donald J. Trump came under sharp criticism for his tepid response.
CONTINGENCY MEASURES for the Filipino community in Guam are already in place after North Korea made a threat to launch missiles at the US state last week. In a statement yesterday, the Department of Foreign Affairs (DFA) said Secretary Alan Peter S. Cayetano has communicated with Consul General Marciano R. de Borja in Agana, Guam, as well as Ambassador Raul S. Hernandez in Seoul, South Korea regarding the matter. Around 42,835 Filipinos live in Guam while 65,000 are in South Korea. Both Mr. De Borja and Mr. Hernandez assured the DFA Secretary that plans are in place in case the situation escalates. At the same time, Mr. Cayetano echoed President Rodrigo R. Duterte’s call for both the United States and the Democratic People’s Republic of Korea (DPRK) to exercise restraint. Presidential Spokesperson Ernesto C. Abella, in a separate statement on Sunday, said the Philippines is standing firm on “its call for continued exercise of self-restraint in order to de-escalate the tension and to refrain from actions that may aggravate the situation.” During last week’s Association of Southeast Asian Nations’ Ministerial Meetings, Mr. Cayetano handed to DPRK Foreign Minister Ri Yong Ho the regional bloc’s statement on the Korean Peninsula situation, which calls on North Korea to comply fully with its obligations under all relevant United Nations resolutions and international laws. — Mario M. Banzon
THE 2017 Southeast Asian (SEA) Games unfurls this week in Kuala Lumpur, Malaysia, and one of the first sports to be played in this year’s edition of the biennial meet is football, which will have the Philippines Football League (PFL) well represented through Davao Aguilas FC.
By Krista A.M. Montealegre,
National Correspondent
AYALA CORP. plans to team up with Metro Pacific Investments Corp. (MPIC) to rehabilitate and upgrade the Metro Railway Transit (MRT) Line 3, as the country’s oldest conglomerate gears up to start exporting locally produced KTM motorcycles to China.
Ayala may register a “mid-teens” increase in earnings growth for the year, putting the conglomerate on track to hit its goal of achieving a net income of P50 billion by 2020, Ayala Chief Finance Officer Jose Teodoro K. Limcaoco told reporters last week.
In the first half, Ayala’s net income rose 9% to P15.1 billion year on year driven by the solid contributions of its real estate and power generation businesses.
“We are very optimistic about the future and prospects for the second half of the year,” Mr. Limcaoco said.
AC Infrastructure Holdings, Inc. President and CEO Jose Rene D. Almendras said the conglomerate’s participation in the rehabilitation of the elevated railway is “under discussion,” with MPIC “taking the lead” in the project.
“The intention is to improve it. Our experience kasi, we’re happy with what’s happening in (Light Rail Transit Line) LRT-1. We believe we can make a difference in MRT-3,” Mr. Almendras said.
MPIC reportedly committed to double the initial investment in MRT-3 to P12 billion to boost its capacity.
MPIC and Ayala are part of Light Rail Manila Corp. (LRMC), the consortium that won the contract to operate, maintain and expand the LRT-1.
LRMC has broken ground on the LRT-1 Cavite extension project, with construction set to start this week, Mr. Almendras said.
MOTORCYCLE EXPORTS
Meanwhile, the shipment of KTM motorcycles to China will start “sometime this year” once “some procedural things” are settled, AC Industrial Technology Holdings, Inc. CFO Felipe P. Estrella III said.
“Aspirationally, we were looking to export 10,000 (units) but that’s going to be a few years out,” Mr. Estrella said.
AC Industrials commenced the local manufacturing of KTM motorcycles in June. Through wholly owned unit Adventure Cycle Philippines, Inc. (ACPI), it is the official distributor of KTM motorcycles in the Philippines.
After taking over German automotive parts supplier MT Misslbeck Technologies, AC Industrials continues to be on the lookout for acquisition opportunities to expand its automotive and manufacturing businesses, Mr. Estrella said.
Ayala is likewise evaluating a possible purchase of the 51% of US-based energy company AES Corp. in the 630-megawatt Masinloc power plant in Zambales.
“We always look at all opportunities. Right now, I’m not aware of a serious effort,” Mr. Limcaoco said.
TOKYO/SEOUL — General Joseph Dunford, chairman of the US Joint Chiefs of Staff, will meet with President Moon Jae-in in Seoul on Monday amid escalating tensions over North Korea’s nuclear program, according to an official with South Korea’s Blue House.
KOREAN SKIN PRODUCTS make up most of the international brands found at local beauty counters, including masks and moisturizers of different “flavors” and ingredients including the unique and the unusual — charcoal, snail essence, pig collagen, donkey milk, and horse oil. On the other hand, Taiwanese beauty products, which are also making their way to local stores, and are appealing for two things: the products are a closer match to Filipino skin and the ingredients used are fewer and simpler.

Taiwan, which is less than two hours away from Manila, is situated at 23.5° north of the equator — the Tropic of Cancer — thus its land and seas welcome direct sunlight. Unlike other areas on that latitude which are dessert, Taiwan is the “Magical Green Belt of the Tropics” because of its abundance of greens and fruits.

A Taiwanese skincare brand highlights this location and its attributes by calling itself 23.5°N, and focusing on “farm to face” concept to bring simple skincare line without the frills. Unlike Koreans’ extensive skincare routine (the infamous 10 steps), the Taiwanese, like Filipinos, adhere to the basics: wash, tone, mask, moisturize.
Available at Beauty Bar, 23.5°N products use four to 20 ingredients only and do not contain alcohol, parabens, and perfume, which means pregnant women can use them, said its general manager, Helen Ho, at a press launch on Aug. 9.

The main active ingredients used in the products are tea (for oily and acne-prone skin), bamboo extract (for normal skin), barley (for uneven skin tones), and rice (for dull and dry skin).
“We share the same hot and humid weather [as the Philippines] making the products suitable for Filipino skin,” said Ms. Ho. — Nickky Faustine P. de Guzman
A MAGNITUDE 4.9 earthquake was recorded at 1:51 a.m. Sunday off the coastal town of Nasugbu in Batangas, followed by a magnitude 3.5 tremor less than an hour later. No aftershocks and damages were expected, according to the bulletin of the Philippine Institute of Volcanology and Seismology (Phivolcs). Yesterday’s movements came after a 6.3 earthquake jolted the town on Friday afternoon, Aug. 11, which was also felt in nearby areas, including the capital, Metro Manila. A magnitude 3.5 earthquake was also monitored by Phivolcs on Saturday morning.
TRADE Secretary Ramon M. Lopez said that 2017 investment pledges registered with the Board of Investments (BoI) could be as high as P550 billion, exceeding the agency’s target.
“I think it can reach as much as maybe P550 billion,” Mr. Lopez told reporters on the sidelines of a forum in Makati city late Thursday when asked for the best-case scenario for investments.
At P550 billion, investment would exceed the P500 billion target by 10%. In 2016, actual investment totaled P441.8 billion.
“Before, that (P500 billion) was the high end. Now, P550 billion is reachable. There are indications of interest to invest, to enter, to expand, and make new investments,” Mr. Lopez said.
The BoI reported a 40% year-on-year surge in registered investment in July. Investors register their projects with the BoI to avail of investment incentives.
Expected jobs to be generated by the proposed investments amounted to 58,758, up 57% from a year earlier. The number of projects approved likewise rose 40% to 268.
Meanwhile committed investments in July hit P106.8 billion, up 347% from a year earlier, representing 32 projects.
Mr. Lopez said that his department will undertake more investment roadshows overseas to achieve the target.
He said that the Trade department will visit the US on the last week of August to participate in innovation programs and investment forums, hoping to take in more pledges. — Elijah Joseph C. Tubayan