Latest news with #913
GMA Network
5 days ago
- General
- GMA Network
Lotto 6/42 over P48M as no winners of major lotto draws on Thursday, July 17
There were no winners of the major lotto jackpots drawn on Thursday, July 17, 2025, according to the Philippine Charity Sweepstakes Office. No Superlotto 6/49 bettor took the P29,576,927.20 prize after nobody guessed the winning combination of 29-08-04-37-14-02. There were also no winners for Lotto 6/42 after no bettor selected the numbers 33-31-19-37-21-41 which would have won the P48,913,755.20 jackpot. Check out the complete lotto results here. — RF, GMA Integrated News
TimesLIVE
5 days ago
- Automotive
- TimesLIVE
Volvo will start building its XC60 in the US next year
Sweden's Volvo Cars said on Wednesday it would start producing its XC60 mid-size SUV in its plant in South Carolina in the US from late 2026. The shift highlights the carmaker's exposure to US President Donald Trump's car tariffs as it imports most of its hybrid and electric models from Europe. XC60 sales in the US rose by nearly 23% in the first six months of 2025, the Gothenburg-based company said, adding the model was most popular among US customers. Volvo Cars, owned by China's Geely Holding, said earlier this week it was booking an impairment charge of 11.4-billion crowns (R20,894,913,000) in the second quarter related to its ES90 and EX90 models due to tariffs and launch delays.
Herald Malaysia
05-07-2025
- General
- Herald Malaysia
Charity Walk raises over RM30,000 for underprivileged students
A charity walk organised by the post centennial committee of the Church of St Philip successfully raised RM30,913 to support underprivileged students residing at the Canossian Home in Segamat. Jul 04, 2025 The Post Centennial Committee handing the cheque to Sr Christie Ho FdCC. By Richard JosephA charity walk organised by the post centennial committee of the Church of St Philip successfully raised RM30,913 to support underprivileged students residing at the Canossian Home in Segamat. The fundraising event aimed to assist students from the B40 income group in their pursuit of education. The initiative received overwhelming support from donors both locally and abroad, including contributions from Malaysia, the United States, Germany, and Singapore. A cheque representing the amount raised was presented to Sr Christie Ho of the Canossian Convent during a simple ceremony held at the parish after Mass. The presentation was made by organising chairman, Louis Vincent, with post centennial committee chairman Benedict Pang and parish priest, Fr Paul Wong, in attendance. The committee expressed gratitude to all benefactors and supporters whose generosity made the initiative a success. Special appreciation was extended to Benedict Pang, James Paul Raj, and Joseph George for their dedication and teamwork in organising the event. The post centennial committee thanked everyone who contributed, reaffirming its commitment to uplifting the educational journey of students in need through ongoing acts of compassion and service.
BusinessToday
10-06-2025
- Business
- BusinessToday
FCPO Stalls Below RM4,000
FCPO edged up just RM8 to close Monday at RM3,925, after trading in a narrow range between RM3,913 and RM3,954. The session ended with a mildly bearish candle pattern, suggesting persistent uncertainty amid weak market sentiment. RHB Investment Bank Bhd has reiterated a negative trading bias on crude palm oil futures (FCPO), advising traders to maintain short positions as prices continue to hover below key resistance levels. The house noted that the broader trend remains downbeat, with prices still below both the 50-day and 200-day simple moving averages. Momentum indicators remain soft, as the Relative Strength Index (RSI) continues to trend below the 50% mark, reflecting weak upward strength. Unless FCPO decisively breaks above RM4,000, the bearish outlook is expected to hold. The investment bank recommended that traders who initiated short positions at RM4,328 on April 4 should continue holding, while setting a stop-loss threshold at RM4,000 to manage risks. Support is pegged at RM3,700 and RM3,500, with resistance levels seen at RM4,000 and RM4,100 if prices rebound. Related
Business Recorder
16-05-2025
- Business
- Business Recorder
Budget 2025-26: KCCI urges govt to expand tax net, targets 4.6mn unregistered entities
Frustrated by the rising tax burden on already compliant businesses, Pakistan's business community has called on the government to expand the tax net by bringing 4.6 million identified but unregistered industrial and commercial entities into the tax net, instead of imposing additional duties on the existing taxpayers. The demand was made through budget proposals submitted by the Karachi Chamber of Commerce and Industry (KCCI) to the Ministry of Finance ahead of the federal budget for fiscal year 2025-26. KCCI noted that several businesses and individuals remain outside the tax net, despite being traceable through official data such as electricity and gas connections, vehicle and property registrations, travel and banking records. This gap results in an unfair tax regime, KCCI argues, overburdening compliant taxpayers and contributing to revenue shortfalls. 'For instance, data from the National Electric Power Regulatory Authority (Nepra) till June 2024, indicates that there are 4.6 million commercial and industrial electricity connections, while only 396,383 entities are registered for sales tax.' Budget FY26: Sindh CM takes step aimed at finalising proposals, allocations 'This indicates the untapped potential within the system,' the business chamber highlighted in its proposals. KCCI urged the government to utilise available datasets, such as electricity records from Wapda and KE, to identify and register these entities. The chamber was of the view that integrating them into the tax net would enhance revenue collection, reduce reliance on punitive measures like the Further Tax, and promote equity and compliance within the tax system. As of November 6, 2024, the Federal Board of Revenue (FBR) had received 5.215 million tax returns, showing a 76% year-on-year increase from 2.959 million filed during the same period in 2023. However, despite this improvement in compliance, the FBR collected Rs9,309 billion during July-April FY2024-25—falling short of its Rs10,130 billion target by Rs821 billion. The government has already revised the FBR's annual target downward, from Rs12,913 billion to Rs12,334 billion for the ongoing fiscal year. PCDMA submits budget proposals to FBR Nonetheless, a shortfall exceeding Rs600 billion is projected for the full year. Provisional figures suggest that the tax collection target for the upcoming FY2025-26 will be raised to around Rs14,300 billion, making it imperative for the government to broaden the tax base. In addition to urging a crackdown on unregistered taxpayers, KCCI recommended targeted tax relief and policy adjustments to support growth across various sectors. Proposals include introducing reforms to revive the real economy, reinstating zero-rating for local supplies under the Export Facilitation Scheme (EFS), and abolishing taxes on shrimp broodstock to support seafood exports. The chamber also proposed reinstating zero-rating for gold, permitting gold exports with at least 20% value addition, and removing motorcycle and auto parts from the third schedule, classifying them as intermediate goods. Oil and gas sector tax proposals for Federal Budget 2025-26 For the tea industry, KCCI called for a review of existing policies and measures to curb revenue leakages. According to KCCI, these recommendations, if implemented, could ease the tax burden on compliant businesses, incentivise growth in key sectors, and help the government meet its ambitious revenue targets for the upcoming fiscal year. The federal government will present the next fiscal year's budget on June 2.
