Court stops liquidation of AMA Bank
Philippine Daily Inquirer - 2019-11-27
The Court of Appeals has restrained the Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) from implementing a recent decision to padlock and liquidate the assets of AMA Rural Bank of Mandaluyong, the banking arm of AMA Group of Companies of businessman Amable Aguiluz. AMA Bank obtained a 60-day temporary ...

QC judge accepts late court filing of Ampatuan Jr. in Maguindanao Massacre case
CNN Philippines - 2019-11-27
"Further, it is understood that the filing thereof shall not interrupt the period to decide," the judge added. The Supreme Court gave Solis-Reyes until December 20 to render a decision on the Maguindanao Massacre case -- a non-extendible deadline. Ampatuan was mayor of Datu Unsay town when he and his family's private armed group allegedly shot ...

Lacson backs proposal to elect president and vice president in tandem
Philippine Daily Inquirer - 2019-11-27
said Lacson. But the senator said that should Atienza file a House bill to pursue the proposal and it turns out not to be in consonance with the provisions of the 1987 Constitution, it may end up declared unconstitutional by the Supreme Court. Atienza earlier made the suggestion following the latest feud between President Rodrigo Duterte and ...

Metro HSWs likely to get P1.5K monthly pay raise but none for minimum-wage earners at the moment
BusinessMirror - 2019-11-26
The regional wage board is now considering a P1,500 monthly wage increase for household service workers (HSW) in Metro Manila. At a news conference on Tuesday, Labor Secretary Silvestre H. Bello III announced the proposed raise was contained in the draft wage order of the Regional Tripartite Wages and Productivity Board-National Capital Region ...

Solon defends anew proposal to extend probationary period to 2 years
Philippine Daily Inquirer - 2019-11-26
Probinsyano Ako Rep. Jose "Bonito" Singson Jr. said this Tuesday as he insisted that his proposed law, House Bill No. 4802, "is definitely a pro-labor measure" that would help workers avoid short term employment. "I find it amusing that the Trade Union Congress of the Philippines (TUCP), the primary critic of my proposal, was quoted ...

McDonald's pays $26 million to settle wage theft suit in California
CNN Philippines - 2019-11-26
(CNN) -- McDonald's is paying $26 million to settle a class action lawsuit over wage theft. It's the latest development in a string of conflicts between the major restaurant chain and its employees. The settlement puts an end to a multi-year legal battle between the company and California workers who alleged that McDonald's was skirting ...

Dole launches mobile app for OFWs
Philippine Daily Inquirer - 2019-11-25
MANILA, Philippines -- Overseas Filipino workers (OFWs) may now access information and services from the labor department at their fingertips. The Department of Labor and Employment (Dole) has ...

BIR-Valenzuela City reminds business owners on tax law
BusinessMirror - 2019-11-25
This photo shows Bureau of Internal Revenue (BIR) Revenue District Officer Rufo B. Ranario (second from right) leading a surprise inventory of three business establishments in Valenzuela City. Ranario reminded business owners to follow tax laws. THE Bureau of Internal Revenue (BIR) Revenue District Office (RDO) is reminding owners of businesses ...

House panel OKs tax provisions for proposed Water, Disaster Resilience departments
CNN Philippines - 2019-11-25
Metro Manila (CNN Philippines, November 25) - The House of Representatives' ways and means committee approved Monday measures establishing systems for determining tariff and tax exemption rates that will be followed by two proposed government agencies: The Department of Water Resources (DWR) and the Department of Disaster Resilience (DDR).

'Baby Yoda' GIFs are being pulled down for copyright reasons, but there are too many for the claims to be effective
Business Insider - 2019-11-24
Having GIFs of 'Baby Yoda,' the viral star of 'The Mandalorian,' being pulled for copyright raises questions on what Disney's usage stance is.

Nearly 6,000 OWWA members yet to avail of P1-billion rebate program
BusinessMirror - 2019-11-24
ONLY 5.9 percent of the P1-billion allocation for the Overseas Workers Welfare Administration (OWWA) rebate program has been released since the project was launched two months ago. In an interview, OWWA Administrator Hans J. Cacdac said they were able to release P59,456,149 of the allocated P1 billion for the first batch of the rebate ...

Prince Lorenzo de Medici in Manila--from Renaissance to Renaissance Pop
Philippine Daily Inquirer - 2019-11-23
He has proposed an exhibit in Manila to Silvana Diaz, Italian owner of Galleria Duemila ... When the last Medici grand duke, Gian Gastone, died without a male heir in 1737, other European countries proceeded to wrest control of its capital city, Tuscany. The power shift scattered the Medici families across Italy and Europe.

Saint Vincent Ferrer Seminary to celebrate 150 years of existence
Sun Star - 2019-11-23
It was also a school of heroes such as Graciano Lopez Jaena, General Martin Delgado, General Quintin Salas, former Governor Benito Lopez, and Ramon Avanceña, the first Chief Justice of the Philippine Supreme Court. At present, its alumni priests are not only serving local parishes but also in other dioceses, the military ordinariate and some ...

Maguindanao Massacre: 10 Years Later
GMA Network - 2019-11-23
The case was submitted for resolution on August 22. Under court rules, the judge was supposed to have rendered a decision by November 22, but she requested an extension and was granted 30 more days by the Supreme Court. Though an incident of a similar scale has never occurred since, the number of killed journalists continues to rise.

Cyber Resilience and the Importance of a Plan: How Law Firms Can Defend Against Cybersecurity Risks
Law - 2019-11-22
Jeff Eckert (left), a Houston-based cybersecurity expert who handles a wide variety of digital investigations across all types of industries, and Steven Williams (right), a Dallas-based trial attorney who has tried and litigated intellectual property cases for a wide range of clients. World-famous boxer Mike Tyson once said, "Everyone has a ...

Reversing the death of Venice
Philippine Daily Inquirer - 2019-11-22
This would include innovators with credible business plans (and their financial backers), engineers ... which could become a source of social-media pride. A hefty tax on nonresident property owners--who are generally extremely wealthy-- would also ...

Sarah weakens; monsoon brings more rains
philstar.com - 2019-11-22
MANILA, Philippines -- Tropical Storm Sarah continues to weaken but rains will still be experienced in several parts of the country due to the northeast monsoon, the state weather bureau said yesterday. At 10 a.m. yesterday, the center of Sarah was estimated at 430 kilometers northeast of Basco, Batanes, the Philippine Atmospheric, Geophysical ...

Labor leaders and migrant workers advocates oppose removing joint solidary liability of recruiters in bill creating Department of OFW
BusinessMirror - 2019-11-22
"At the NLRC, money claim is immediately awarded to OFWs. In the proposed OLRC they would have first to get a final and executory decision before they get award meaning it could still go through the Court of Appeals and the Supreme Court," Calderon said. Estrelita Hizon, the recruitment representative at the Philippine Overseas Employment ...

Colombia protests prompt teargas, curfew and border closures
CNN Philippines - 2019-11-22
The closures began Wednesday at midnight and will remain in place until Friday at 5 a.m., according to immigration authorities. The government also gave local authorities permission to impose ...

Labor, militant groups defend Vico, chide Año
Philippine Daily Inquirer - 2019-11-21
Progressive groups have defended Pasig Mayor Vico Sotto after Interior Secretary Eduardo Año admonished him not to "take sides" in labor disputes. Año earlier chided Sotto after the latter ...

AmCham: Senate must tackle Citira bill soon
BusinessMirror - 2019-11-21
Under House Bill 4157, firms operating in economic zones are required to give up their incentives in two years for those in business for over 10 years; three years for those between five years and 10 years; and five years for those below five years. Further, the House version will strip away tax perks that locators find crucial in maintaining ...

Lumber firm faces P118M suit for tax evasion, fake cigarette tax stamps
BusinessWorld - 2019-11-21
The case, filed on Thursday by the Bureau of Internal Revenue (BIR)-Cagayan de Oro office, involves the company and its corporate officers, President Ting-Pi Huang, Chief Finance Officer Chiu-Ling Su, Corporate Secretary Ma. Sharon L. Remo, Christian M. Tong and Nenito P. Pialan. BIR, in a statement, said investigation showed that the company ...

House backtracks, vape products to be taxed higher
CNN Philippines - 2019-11-21
Metro Manila (CNN Philippines, November 21) - Vape products will still be included in the sin tax measure and will even be taxed higher to make them "more prohibitive," the House Ways and ...

Garments sector asks government for lower power rates among perks
BusinessMirror - 2019-11-20
Based on data from the Philippine Statistics Authority (PSA), exports of ... which investors find crucial in maintaining their operations in the Philippines. Garments and textile firms will head to SMX Convention Center in Pasay City from December 5 to 8 for their yearly expo, where over 80 enterprises are expected to participate--of which ...

Senate swiftly approves P40.17-B judiciary budget
Philippine Daily Inquirer - 2019-11-20
MANILA, Philippines -- It only took less than a minute for the Senate to approve the proposed P40.17 billion budget of the judiciary for 2020. Not a single question was raised when finance ...

DOLE issues IRR of Service Charge Law
BusinessMirror - 2019-11-19
THE Department of Labor and Employment (DOLE) finally signed on Tuesday the much awaited Implementing Rules and Regulation (IRR) of Republic Act 11360, or the Service Charge Law (SCL). A copy of the department order obtained by the BusinessMirror indicated that the IRR will apply to all hotels, restaurants and other similar establishments ...

Neda backs Pogo tax to shore up govt revenues
Philippine Daily Inquirer - 2019-11-19
MANILA, Philippines-The state planning agency National Economic and Development Authority (Neda) is backing up moves in Congress to institutionalize taxation on Philippine offshore gaming operators (Pogos). On the sidelines of the Eighth Monitoring and Evaluation Forum Tuesday, Socioeconomic Planning Secretary Ernesto M. Pernia said Neda was ...

BI warns Filipinos vs dubious job offers on internet, social media
Philippine Daily Inquirer - 2019-11-18
MANILA, Philippines -- The Bureau of Immigration (BI) on Monday reiterated its warning to Filipinos wanting to work abroad against unscrupulous persons using the internet and social media to recruit overseas workers. BI Commissioner Jaime Morente issued the warning after several human trafficking and illegal recruitment victims recruited by ...

Rice hoarding probed
Philippine Daily Inquirer - 2019-11-18
The Department of Finance (DOF) is investigating if unscrupulous rice traders have been taking advantage of the liberalized import regime as the price gap between palay and retail rice prices has ...

Lawmakers invoke House rule so that bill tweaking tax structure on miners can sail
BusinessMirror - 2019-11-18
CITING a need to have a "rational" tax structure imposed on miners, lawmakers invoked a rule allowing for a one-day hearing to tweak a proposal for taxes applied on mining operations. This was what Albay Rep. José María Clemente Salceda said after the House Committee on Ways and Means approved on Monday House Bill 5022, which seeks to ...

Government turns to labor sector to see more Pinoys get bank accounts
BusinessMirror - 2019-11-18
THE government is turning its sights on the labor sector to meet its goal of having 70 percent of Filipino adults to have a bank or other transactional account by 2023. During the Financial Inclusion Forum on Monday, Bangko Sentral ng Pilipinas (BSP) Center for Learning and Inclusion Advocacy Managing Director Pia Roman Tayag told the ...

House panel OKs franchise, income tax on Pogo
BusinessMirror - 2019-11-18
Under the bill, the term "offshore gaming licensee" shall refer to the offshore gaming operator, duly licensed and authorized to provide offshore gaming services, which may be: A Philippine-based operator, a duly constituted business enterprise organized in the Philippines and offshore-based operator, a duly constituted business enterprise ...

Farmers may incur losses of ?140B by yearend due to rice imports, group says
CNN Philippines - 2019-11-18
Metro Manila (CNN Philippines, November 18) -- Farmers could lose over a hundred billion pesos worth of profits this year due to the effects of the Rice Tariffication Law, a group said Monday. The Federation of Free Farmers (FFF) said losses they expect to incur may reach ?140 billion by the end of 2019. "This is more than ten times the ...

House panel approves bill setting 5% tax on POGOs
CNN Philippines - 2019-11-18
Metro Manila (CNN Philippines, November 18) -- A bill setting a uniform 5 percent franchise tax on Philippine Offshore Gaming Operators (POGOs) has been approved by a House of Representatives panel. On Monday, the House Committee on Ways and Means approved a measure proposed by its chairman Albay 2nd District Representative Joey Salceda that ...

Bill Gates tops Jeff Bezos as richest person in the world
CNN Philippines - 2019-11-18
(CNN) -- Bill Gates is back on top. On Friday, Gates surpassed Amazon CEO Jeff Bezos to reclaim the distinction of richest person in the world, with a net worth of $110 billion, according to the Bloomberg Billionaires Index. It's the first time the co-founder of Microsoft has held the top spot in over two years. He briefly topped Bezos last ...

TESDA-8 promotes Dual Training System thru school-industry partnerships
Gov - 2019-11-18
A representative from the Bureau of Internal Revenue also shared to the participants about the benefits of the said partnership aside from the support they will extend to the trainees. For Secretary Isidro Lapeña, TESDA scholarship programs should focus ...

Philip Morris may launch iQos heated tobacco line in PH by first half of 2020
Philippine Daily Inquirer - 2019-11-17
As this developed, Philip Morris Fortune Tobacco Corp. (PMFTC) president Denis Gorkun said in a press briefing that he would like to see a level of taxation on the innovative smokeless product that is "proportionate to the risk" that it brings to users. "It is clear multiple government agencies around the world, including the United ...

PMFTC to launch IQOS by June next year, bats for government regulation
BusinessMirror - 2019-11-17
Still, Gorkun is hopeful the tax increase will be gradual so as not to discourage people from making the shift from smoking cigarettes to using smoke-free products. "Taxation is nothing new. Taxation has to be taken with a gradual approach. The key is to make sure that the tax increases are in line with GDP goals and inflation," he said.

Land reclamation: Bane or boon?
BusinessMirror - 2019-11-17
This came after DENR officials issued statements promising to stop a multibillion land-reclamation project being pushed by local officials of Bacoor City for the establishment of its would-be central business district along Manila Bay. The Bacoor land-reclamation project covers a total of 420 hectares. It will displace around 100 hectares of ...

Solon calls on health, port authorities to implement protocols vs the Black Death plague
Davao Today - 2019-11-17
A total of 3.12 million Chinese citizens entered the country from January 2016 to May 2018, based on data from the Bureau of Immigration. This means over a hundred thousand Chinese nationals enter the country every month or almost four thousand daily.

Interview: U.S. intellectual property law expert calls for more exchanges with China
Xinhua - 2019-11-17
SAN FRANCISCO, Nov. 16 (Xinhua) -- The United States and China should expand exchanges and collaboration in the field of intellectual property (IP) law, said a U.S. IP law expert. "It's important for practical reasons (to expand exchanges) because there are so many interactions between the United States and China, and many have some connection ...

2,500 police deployed as temple at the center of gender dispute in India opens its doors
CNN Philippines - 2019-11-17
For centuries, women aged 10 to 50 were not allowed to enter the Sabarimala Temple. But in September last year, the country's Supreme Court overturned the ban, and in January, women entered the temple for the first time, defying opposition from religious conservatives. But that decision is now in question, after the Supreme Court agreed ...

If an athlete wins in the SEA Games, how much money will they get -- and is it taxable?
SPIN - 2019-11-16
Continue reading below ? This tax break is covered in RA 7549, or 'An Act Exempting All Prizes and Awards Gained From Local and International Sports Tournaments and Competitions from the Payment of Income and Other Forms of Taxation'. Whether they win or not, a national athlete can always score several benefits, as long as they're registered ...

36 Japanese arrested for voice phishing scam
Philippine Daily Inquirer - 2019-11-15
The Bureau of Immigration (BI) arrested in Makati City 36 Japanese who were allegedly behind a telecommunications scam that defrauded their compatriots of an estimated 2 billion yen (P934 million). Immigration Commissioner Jaime Morente said they were out to arrest 20-year-old Nobuki Oshita and 33-year-old Yusuke Kiya, who are both wanted for ...

House measure seeks automatic employment allocation for elderly
BusinessMirror - 2019-11-15
The measure will also encourage the private sector to hire senior citizens because they shall be entitled to an additional tax deduction from their gross income, equivalent to 70 percent of the total amount paid as wages to senior citizens subject to compliance or the pertinent provisions of the Internal Revenue Code. Despite the various ...

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