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The real issues in Boracay

[ Journal.com.ph ] February 15, 2008

So many issues have been cropping up regarding Boracay Island, but with the drafting of the Boracay Comprehensive Master Development Plan by world-class planners Palafox and Associates commissioned by the Philippine Tourism Authority, tourists, businesses, and residents are expecting to see a brighter future for the premiere tourist destination.

“To ensure Boracay’s stature as the best beach in the world, we in the PTA made sure that the development plans, which included neighboring Carabao Island and the municipalities of Nabas, Buruanga, and Caticlan, were environmentally sound and ecologically considerate. It seems too narrow-minded to look at and plan only for Boracay when we all know its proximities will always be affected by whatever development we bring onto Boracay Island...,” rejoined Mimi del Rosario, Boracay Environmental Infrastructure Project engineer, when asked about the different issues besetting Boracay Island. > > > [ full story ]
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World Bank sets aside $7M for conservation of 11 sites

Vol. XXI, No. 140 [ Business World Online ]
Friday, February 15, 2008 | MANILA, PHILIPPINES

DAVAO CITY — The World Bank’s Global Environment Facility (GEF) has set aside $7 million for the preservation of 11 sites in Mindanao. The funding will form part of the $90-million Mindanao Rural Development Program, which the bank is supporting and whose primary goal is to address poverty on the island.

In a program statement, the $7 million fund would support seven sites in Western Mindanao, two in the Caraga Region and two others in the Autonomous Region in Muslim Mindanao.

In Western Mindanao, the projects are in the towns of Olutanga, Mabuhay and Talusan in Zamboanga Sibugay; Vencinzo Sagun and Margosatubig in Zamboanga del Sur; and Sibutad and Rizal in Zamboanga del Norte. In Caraga, the identified municipalities are Marihatag and San Agustin and in the autonomous Muslim region, the towns of Lamitan in Basilan and Datu Blah in Shariff Kabunsuan. > > > [ full story ]
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KNOWING YOUR BIR REGULATIONS AND ISSUANCES

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Revenue Memorandum Rulings (RMRs) are rulings, opinions and interpretations of the Commissioner of Internal Revenue with respect to the provisions of the Tax Code and other tax laws, as applied to a specific set of facts, with or without established precedents, and which the Commissioner may issue from time to time for the purpose of providing taxpayers guidance on the tax consequences in specific situations. BIR Rulings, therefore, cannot contravene duly issued RMRs; otherwise, the Rulings are null and void ab initio

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BIR Rulings are official position of the Bureau to queries raised by taxpayers and other stakeholders relative to clarification and interpretation of tax laws.
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