Conchita Carpio-Morales: 'Probes still pending vs Gloria Macapagal-Arroyo'
philstar.com - 2018-07-24
On July 19, 2016, the Supreme Court - in a vote of 11-4 - dismissed a separate plunder case filed by the ombudsman against Arroyo before the Sandiganbayan in 2012. The case stemmed from alleged misuse of P366 million in CIF of the PCSO from 2008 to ...

Dominguez underscores impact of SC decision increasing IRA of LGUs
Sun Star - 2018-07-24
FINANCE Secretary Carlos Dominguez III has underscored the broad impact of a recent Supreme Court ruling, which increased the coverage of the Internal Revenue Allotment (IRA) due local government units (LGUs) to include all national taxes, which even ...

Neda pitches overhauling tax perks in ecozones
BusinessMirror - 2018-07-24
including income tax holidays and gross income tax incentive, claimed by firms in 2015 reached P91.3 billion. This represented 18.6 percent of the total corporate income taxes recorded in 2015. It also said the Philippines has the longest time frame for in ...

The 2019 budget: Building a bright future for the Philippines
BusinessWorld - 2018-07-24
By contrast, it was a high of 74.4% in 2004 and 52.4% in 2010 ... largely of the requirements for the premium subsidy of health insurance premiums under the National Health Insurance Program of the PHIC (P67.4 billion), Tax Reform Cash Transfer Project ...

How Can We Make Intellectual Property Rights 'Smarter' With The Blockchain?
Forbes - 2018-07-24
Did you know back in 2017, the U.S. Patent and Trademark Office ("USPTO") received over 440,000 new trademark applications? There's no question that individuals, SME's and larger corporations are flooding the USPTO with applications. My proposed solution ...

Davao council unlikely to reverse new business tax rates, but considering relief measures for small businesses
BusinessWorld - 2018-07-24
MARKET VENDOR associations are among the groups claiming to have been adversely affected by the new business tax rates in Davao City. -- BW FILE PHOTO THE DAVAO City council has vowed to come up next month with a solution to the complaints of local ...

DOF conducts 'thorough study' on impact of new SC ruling on public finances
philstar.com - 2018-07-24
MANILA, Philippines -- The Department of Finance will thoroughly examine the new Supreme Court ruling ordering the immediate release of a higher share of national government revenue to local government units, which two global debt watchers said could harm ...

Fiscal incentives biased for big companies-DOF
BusinessMirror - 2018-07-24
File photo of DOF Undersecretary Karl Kendrick Chua (Photo by Toto Lozano / Presidential Photo) A COST-benefit analysis by the Department of Finance (DOF) revealed that micro, small and medium enterprises (MSMEs) are at a disadvantage as they have to ...

PEZA, Board of Investments challenge 2nd TRAIN package
Rappler - 2018-07-24
MANILA, Philippines - The country's top investment promotion agencies challenged proposals included in the 2nd tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law being pushed by the Department of Finance (DOF). During the 3rd hearing of ...

The Bangsamoro Organic Law: Everything you need to know
CNN Philippines - 2018-07-24
Metro Manila (CNN Philippines ... the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), or simply the Bangsamoro Autonomous Region. University of the Philippines Islamic law and politics professor Jamel Cayamodin said the Bangsamoro law is designed ...

Ugandans raise volume on social media tax protests
Rappler - 2018-07-24
KAMPALA, Uganda - Campaigners against Uganda's tax on social media have been broadcasting calls on loudspeakers urging users not to pay the levy, playing a game of cat-and-mouse with police, witnesses said on Tuesday, July 24. Since the start of July ...

Column: Copyright for entrepreneurs -- a sword and a shield
The Business Journals - 2018-07-24
Most creative works found online are not in the public domain. For example, recent studies suggest that over 85 percent of photos online are the subject of copyright infringement. Secure a license for the work or make sure it is in the public domain or ...

Carpio declines nomination for chief justice
Rappler - 2018-07-24
MANILA, Philippines - Acting Chief Justice Antonio Carpio has informed the Judicial and Bar Council (JBC) that he is declining his nomination to become the next chief justice of the Supreme Court. "I am declining my automatic nomination for Chief ...

From Speaker Arroyo to prime minister? - Senators warn
UNTV - 2018-07-24
Grace Casin / Marje Pelayo MANILA, Philippines --The Supreme Court (SC) has granted the petition of former President Gloria Arroyo to nullify the watchlist order issued against her by former Department of Justice (DOJ) secretary and now Sen. Leila de Lima.

Stephen Colbert says Nixon is 'going to rise from the dead' to sue Trump 'for copyright infringement'
THE WEEK - 2018-07-24
This is a very special Shark Week, and Stephen Colbert celebrated on Monday night with a finorah and a blessing. What makes this Shark Week different from all the ones before? This is the first to take place since Stormy Daniels said that during Shark Week ...

PLGU Isabela donates lot for SSS building
Philippine Information Agency - 2018-07-24
Dooc expressed his gratitude to Governor Bojie Dy III for the donation and acknowledged Department of Labor and Employment (DOLE) Secretary Silvestre Bello III, one of the Commissioners of SSS, for coordinating and initiating the lot donation from the ...

Terminated workers troop to PLDT to insist rights under DOLE order
UNTV - 2018-07-24
Asher Cadapan Jr. / Marje Pelayo MANILA, Philippines - Labor Secretary Silvestre Bello ... a result of the finding of labor-only contracting takes effect by operation of law, and is not subject to any condition." DOLE further warned that "Any act ...

Makati posts P12-B revenue in June; hits 77 percent of 2018 target
Philippine Information Agency - 2018-07-24
Revenue collected from other sources included Interest Income (P134.82 million), Internal Revenue Allotment or IRA (P569.04 million), Share from Economic Zone or PEZA (P138.35 million), and Share from PAGCOR/PCSO (P3.48 million). Moreover, the treasurer ...

Biz sector happy, optimistic with Sona; labor dismayed
Sun Star - 2018-07-24
THE THIRD State of the Nation Address (Sona) of President Rodrigo Duterte has drawn opposing reactions from the business and labor sectors in Negros Occidental. While the local businessmen are happy with the outcome of his report, labor groups have ...

Duterte calls on Congress to end labor contractualization
philstar.com - 2018-07-24
MANILA, Philippines -- President Rodrigo Duterte on Monday urged Congress to pass a law prohibiting labor contractualization as he admitted that his executive order on security of tenure could not address all workers' issues. Duterte admitted he does not ...

Redux? Duterte admin recalls Arroyo policies, controversies
Rappler - 2018-07-24
Aquino had sin tax but it had limited coverage ... "When I was President, I focused on closer economic and business ties with China. That is the policy of President Duterte today, very similar to mine," she said in a television interview in March.

Can Alvarez file a quo warranto petition vs Arroyo?
Rappler - 2018-07-24
Arroyo took her oath as Speaker Monday afternoon in an apparent move to oust Alvarez. But in 1949, the Supreme Court (SC) denied the petition 6-4 because the majority justices said the Court does not have jurisdiction over the case, given its political nature.

Duterte urges Congress to pass law ending contractualization
CNN Philippines - 2018-07-24
so they don't need to regularize them on the sixth month as mandated by the Labor Code. As a result, millions of workers are not granted with benefits that regular employees have as provided by law.

FULL TEXT: President Duterte delivers third SONA
CNN Philippines - 2018-07-24
Acting Chief Justice Antonio Carpio and the justices of the Supreme Court; my fellow workers in government; mga kababayan. About two years ago, I solemnly took my oath as a worker of the national government. I was as inspired to institute real changes for ...

Administration submits proposed ?3.757 trillion 2019 national budget
CNN Philippines - 2018-07-24
Metro Manila (CNN Philippines ... a cash-based budget would mean that contractors and service providers of government agencies will be paid on time. To offset the proposed 2019 spending, the administration expects P3.208 trillion in revenues, 94 percent ...

How to Protect Your Intellectual Property When Pitching Your Ideas To a Company
Black Enterprise - 2018-07-23
Now, more than ever, creatives and entrepreneurs are leveraging the power of digital tools and social media apps to breathe life into their ideas. But take note, equally important to marketing your business, project, or initiative is knowing how to protect ...

New law cuts the red tape, agencies told
thestandard.com.ph - 2018-07-23
President Rodrigo Duterte on Monday ordered all government agencies under his administration ... or the Ease of Doing Business and Efficient Government Service Delivery Act. The law, which seeks to make the process of putting up and running a business ...

FULL TRANSCRIPT: Speech of Pres. Rodrigo Duterte on his 3rd SONA
Manila Channel - 2018-07-23
Acting Chief Justice Antonio Carpio and the justices of the Supreme Court; my fellow workers in government; mga kababayan. About two years ago, I solemnly took my oath as a worker of the national government. I was as inspired to institute real changes for ...

Nintendo Files Copyright Infringement Suit Against ROM Sites
eTeknix - 2018-07-23
Nintendo is apparently going after several console ROM websites for copyright infringement. Namely, LoveROMS.com and LoveRETRO.co, who stand accused of causing millions of dollars in potential damages. In a 76-page document filing obtained by TorrentFreak ...

Bipartisanship only makes the federal debt crisis worse
The Washington Examiner - 2018-07-23
The GAO-IG Act was passed in the House on Monday and would save at least $87 billion. Over and over, Congress votes to spend more money without debating the merits of each individual program. Recently, the Congressional Budget Office totaled the number of ...

MTI Counters Theaterpalooza's Responses to Lawsuit
BroadwayWorld - 2018-07-23
Music Theatre International filed a federal copyright infringement complaint against Theaterpalooza Community Theater Productions, Inc. on June 1, 2018, after Theaterpalooza ignored repeated requests over a period of 3-1/2 years calling on it to halt its ...

Nintendo Thwomps LoveROMs and LoveRetro with Multimillion Dollar Infringement Lawsuits
Shacknews - 2018-07-23
According to a report from Games Industry.biz, Nintendo of America has filed a lawsuit against Jacob Mathias and Mathias Designs LLC, the alleged operators of LoveROMs and LoveRETRO, citing multiple counts of copyright infringement, trademark infringement ...

Nintendo (NTDOY) Sues Two Large Emulator Sites
Yahoo Finance - 2018-07-23
Nintendo (OTCMKTS:NTDOY) announced that the video game giant is filing lawsuits against two of the biggest emulator sites for copyright infringement of its games. Source: Flickr The company is targeting LoveROMs and LoveRETRO, which are two of the biggest ...

Manila is not the Philippines
philstar.com - 2018-07-23
There will be a greater capacity for local governments to run their respective territories through federalism in various aspects, such as taxation. A region may pass its own taxation system based on their context of living. Just take for example Manila ...

Fiscal deficit widens to P193 billion in 6 months
philstar.com - 2018-07-23
This was also eight percent higher than the first half revenue target of P1.30 trillion. The Bureau of Internal Revenue accounted for the bulk of total tax collections with P964.5 billion, 14 percent higher than the P848 billion in the same period last ...

MEC campaigns to spread intellectual property culture
Gulf Times - 2018-07-23
The Ministry of Economy and Commerce (MEC) has organised a series of awareness campaigns in youth and cultural centres with the aim of spreading the intellectual property culture among the centre's members and enhancing its concept. The campaign comes ...

Nintendo sues two websites for distributing ROMs of its games
Yahoo Finance - 2018-07-23
The company takes a hard-line stance against them on its corporate website, and Nintendo has now sued the owners of two separate ROM sites, alleging copyright infringement. The lawsuit, the text of which was obtained by TorrentFreak, was filed in Arizona ...

Bureau of the Treasury touts H1 fiscal record, as revenues hit P1.41 trillion
BusinessMirror - 2018-07-23
The BTr pointed out that robust Bureau of Internal Revenue (BIR) collections from the previous months ensured a better-than-programmed year-to-date collection of P964.5 billion, which is 3 percent better than the programmed P938.7 billion, and 14 percent ...

Nintendo Sues ROM Sites Over Copyright Infringement
Tom's Hardware - 2018-07-23
Nintendo has filed a lawsuit against the alleged creator and owner of two ROM sites, seeking up to hundreds of millions of dollars in damages over emulations of games for its systems. The sites, LoveROMS and LoveRETRO, are being sued in Arizona federal ...

Duterte: No stopping TRAIN law
Rappler - 2018-07-23
The Department of Finance (DOF) proposed to make incentives performance-based, targeted, time-bound, and transparent. Business groups earlier warned that the removal of incentives would scare away potential foreign investors. Duterte also called for ...

The price of peace, rice, and taxes: Highlights of SONA 2018
CNN Philippines - 2018-07-23
This is a developing story. Refresh the page for more updates. Metro Manila (CNN Philippines, July 23) -- A sudden change in House leadership, a renewed defense of the drug war, and a number of economic legislation were among the highlights of President ...

Treasurer pleased with T-bill auction
BusinessMirror - 2018-07-23
And we see that this revenue performance of both the BIR [Bureau of Internal Revenue] and BOC [Bureau of Customs] will be sustained," de Leon said. "So we are now in a very good position to calibrate our borrowings."

OWWA launches P300-million OFW livelihood program
BusinessMirror - 2018-07-23
"The livelihood assistance is a one-time grant that ranges from P250,000 to P1 million relative to the requirements of the business project, and the number of members of the OFW organization applying for the grant," OWWA Administrator Hans Cacdac sai

Deportation of Aussie nun may have to wait
BusinessMirror - 2018-07-23
THE deportation of 72-year-old Australian nun Patricia Fox may not be enforced immediately following her filing of a motion for reconsideration before the Bureau of Immigration (BI) on Monday. "The deportation order cannot be enforced until it becomes final.

State of lawlessness and anarchy
thestandard.com.ph - 2018-07-23
The Supreme Court alone will be increased to four sub-courts. Under the federal system there will be four branches of the Supreme Court--the regional administrative, a federal court, a constitutional court, an electoral court and the main Supreme Court.

Market declines in mixed trading
thestandard.com.ph - 2018-07-23
PLDT Inc., the biggest telecommunications firm dropped 2 percent to P1,344, while Puregold Price Club Inc. of retail tycoon Lucio Co. declined 2.5 percent to P45.25. San Miguel Food and Beverage Inc. jumped 12.9 percent to P70 after parent San Miguel Corp ...

Economists ask Congress to pass corporate tax reform measure
thestandard.com.ph - 2018-07-23
Dante Canlas of the UP School of Economics; Gerardo Sicat, the first director-general of National Economic and Development Authority; Gilberto Llanto, former president of the Philippine Institute ... income tax rate will help entrepreneurs and small ...

Minimum wage hiked in 9 regions; NCR still assessing
thestandard.com.ph - 2018-07-23
THE daily minimum wage for workers in the private sector in nine regions will soon be raised, Labor Secretary Silvestre Bello III said Sunday. "Daily minimum wage adjustments vary across regions as per recommendations of [their] respective [regional ...

FULL TEXT | 2018 State of the Nation Address of President Rodrigo Duterte
Davao Today - 2018-07-23
I was as inspired to institute real changes for the greater good of the Filipino ... does not mean that we will waver in our commitment to defend our interests in the West Philippine Sea. [applause] This is why we engage China through bilateral and ...

A US lawmaker and the Aquino regime spread fake news to destroy the Marcoses
BusinessMirror - 2018-07-23
"Marubeni Corporation, which was known to have been the largest recipient of project-related business, was found to be entirely proper in its business dealing. The NRB could not find any clue or even suspicion of payoff to Marcos. "Sumitomo, which ...

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