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BusinessWorld
May 6, 2021 | 12:08 am
By
Keren Concepcion G. Valmonte
LUCIO C. Tanâs LT Group, Inc. (LTG) is allocating P9.7 billion for capital expenditures (capex) this year, nearly double the previous yearâs P5-billion budget as the company expects the slow opening of the economy to âbode well for all businesses in general.â
The listed holding firm is formed by Tanduay Distillers, Inc. (TDI), Asia Brewery, Inc. (ABI), Fortune Tobacco Corp., PMFTC, Inc., Eton Properties Philippines, Inc., Philippine National Bank (PNB), and Victorias Milling Co., Inc.
Nearly half or P4.6 billion of the companyâs capex will be allocated for PNBâs digitalization efforts.
Worcester Railers set to open season fourth season in city on Oct. 23 against Maine Mariners at DCU Center
Updated 3:56 PM;
The Worcester Railers on Friday announced its fourth season in the city will debut on Oct. 23.
The 2021-22 ECHL season will begin for the Railers at the DCU Center against the Maine Mariners.
“We are excited and ready to hit the ice,” Railers Chief Operating Officer Michael G. Myers said in a statement. “Our coach and staff are energized and ready to bring a Kelly Cup to Worcester.”
The Railers’ 2020-21 season was canceled under a league approved COVID-19 Voluntary Suspension policy.
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Easton Area School Board to decide whether to cap tax increase at 3.9%
Updated Jan 11, 2021;
The Easton Area School Board will decide this month whether to cap a tax increase on next year’s budget at 3.9%. That figure represents the state-set index. Any tax increase above that would require voter approval.
The board needs to take the vote in order to preserve the right to raise taxes that amount, but the board could ultimately decide not to raise taxes at all, according to Chief Operating Officer Michael Simonetta.
“Obviously we don’t want to go that high but we did agree and are recommending to the board that we pass this resolution that we will not exceed the index,” Simonetta said. “That’s something we’ve done every year throughout the budget process.”