Maute assets probed as AMLC focuses on terror financing
Rappler - 2018-04-19
Instead, a case was referred to the Bureau of Internal Revenue (BIR) to investigate the alleged owner. According to the audit report on the AMLC, the agency also spent hundreds of thousands to train investigators in the field of terrorism financing.

Taxes on sugary drinks hurt sari-sari stores - survey
Rappler - 2018-04-19
MANILA, Philippines - Mom-and-pop variety stores, known to Filipinos as sari-sari stores, suffered a faster decline in sales of sugar-sweetened drinks due to the new tax reform law, February 2018 data from the Nielsen Retail Index showed. Sales of sugar ...

Fed report: US economic growth on track despite tariff concerns
BusinessWorld - 2018-04-19
WASHINGTON -- "Robust" business borrowing, rising consumer spending, and tight labor markets indicate the US economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one big ...

Probe Duterte's 'attacks' vs. Sereno, law groups urge UN special rapporteur
CNN Philippines - 2018-04-19
"The systematic attack to remove the sitting chief justice would show how the executive department would like to influence all judges down from the Supreme Court to the lower courts," Arpee Santiago, Executive Director of the Ateneo Human Rights Center ...

Sereno unfazed by ratings drop, spokesman says
BusinessMirror - 2018-04-18
The embabbled Chief Justice is looking to hurdle two major bids to oust her from her post ­--first the quo warranto petition filed before the Supreme Court and second, the impeachment proceedings in the House of Representatives and the Senate.

Agilent Technologies Files Second Civil Action to Protect Intellectual Property
Yahoo Finance - 2018-04-18
Agilent Technologies Inc (NYSE:A) has filed a civil lawsuit against Changzhou Pannatek Co., Ltd. ("Pannatek"), and a former employee of Agilent, alleging infringement of trade secrets, copyright of computer software, and petitioning the court to stop ...

New Tattoo Copyright Infringement Case Filed By Artist Who Inked WWE Wrestler Randy Orton
Forbes - 2018-04-18
This is not the first Complaint that has been filed against 2K Games that claims copyright infringement. In 2016, Solid Oak Sketches, a company I represent, filed a lawsuit against the game maker for use of several tattoo designs featured on the bodies of ...

Duterte admits he ordered probe on Australian nun's 'disorderly conduct'
CNN Philippines - 2018-04-18
Metro Manila (CNN Philippines, April 18) -- President Rodrigo Duterte admitted on Wednesday he ordered the Bureau of Immigration (BI) to probe Australian nun Sister Patricia Fox's "disorderly conduct," which led to her temporary detention. "I ordered her ...

Espinoza: Dino formally blocks the BRT project
Sun Star - 2018-04-18
PERHAPS, this would be the first in our country: an impeachable official removed from office through a petition for quo warranto filed before the Supreme Court instead of being impeached. Supreme Court Chief Justice Maria Lourdes Sereno is facing an ...

Gadon submits expert comment on Sereno quo warranto. SC expunges it.
Rappler - 2018-04-18
For example, in 2003, when the Supreme Court deliberated on annulment and voidable marriages, it invited Archbishop Emeritus Oscar Cruz and former Court of Appeals justice Ricardo Puno Sr as amici curiae. The source said Gadon's comment was expunged ...

Policy reform agenda to sustain economic growth - NEDA
Philippine Information Agency - 2018-04-18
Speaking before Central Luzon stakeholders during the recent Philippine Economic Briefing in Clark, National Economic and Development Authority Director-General Ernesto Pernia said there is a need to improve processing of business permits and licenses or ...

PNP wants extension of deadline in submitting drug war records to Supreme Court
CNN Philippines - 2018-04-18
This story was updated to include Dela Rosa's statement on being ready to face charges. Metro Manila (CNN Philippines, April 18) -- The Philippine National Police needs more time to gather documents on the controversial war on drugs for submission to the ...

Why Supreme Court justices go to Baguio every April
Rappler - 2018-04-18
And because it was to be the extended seat of power, also built were branches of the Supreme Court, Court of Appeals, Sandiganbayan, Commission on Audit, PAGASA, and more. The Baguio summers sessions began in 1948, held then inside a different building ...

Internet sensation Poppy is being sued for copyright infringement
The Daily Dot - 2018-04-18
Poppy, the pop star and YouTuber whose mysterious videos have earned her a cult-like following, is being sued for copyright infringement, TMZ reported Tuesday. Brittany Sheets, aka Mars Argo, is a singer, photographer and video creator who formerly ...

Intellectual Property Protection in Cambodia
Lexology - 2018-04-18
Cambodia is a developing country supported mainly by three pillars of economic development - agriculture, tourism and textiles. With an average growth of 7.6% from 1994 to 2015, Cambodia is the fastest growing ASEAN economy. In line with Cambodia's desire ...

DOJ summons Rappler president, treasurer over tax evasion complaint
CNN Philippines - 2018-04-18
Two dates were specified: April 24 and May 7. On March 8, BIR filed a tax evasion case against Rappler Holdings Corporation (RHC) before DOJ. RHC is the parent company of online news site Rappler Incorporated whose primary purpose is to buy and sell real ...

Labor groups lose hope on 'endo' EO
CNN Philippines - 2018-04-18
Metro Manila (CNN Philippines, April 17) -- For some labor groups, hope is lost for an Executive Order (EO) to stop all forms of contractualization or short-term, unprotected temporary work, commonly called Endo. With the postponement of the supposed ...

Enforce Your Intellectual Property or Risk Losing It
JD Supra - 2018-04-17
As a startup or early stage company, you have many things to focus on - growing your sales, revenue, cash flow, and creating meaningful profits. Protecting and enforcing your intellectual property (IP) is most likely not your primary focus or perhaps not ...

Bureau of Immigration releases Australian missionary
Davao Today - 2018-04-17
MANILA, Philippines - The Bureau of Immigration (BI ... earlier recounted that immigration officers arrested Fox at her residence at Project 2, Quezon City and later brought her to the agency for "a random checking and verification of her immigration ...

BIR collects P6 billion from excise tax on sugary drinks
BusinessWorld - 2018-04-17
THE BUREAU of Internal Revenue (BIR) collected about P6 billion from the new sugary drinks tax in the first quarter. "Sa (for) sugar-sweetened (beverages), P6 billion ang nakolekta namin dun (we collected P6 billion)," BIR Commissioner Caesar R.

LeBron James issues infringement letter to the University of Alabama over web series
ABA Journal - 2018-04-17
Cleveland Cavaliers star LeBron James and his multimedia platform, Uninterrupted, sent a notice of copyright infringement to the University of Alabama earlier this month. Thomas Baker, a sports law professor at the University of Georgia wrote at Forbes ...

Problems in protecting intellectual property rights
The Washington Times - 2018-04-17
Prague, Czech Republic | Prague is a glorious city with many beautiful and historic buildings going back nearly a thousand years. It managed to escape almost all bombing during WWII, and thus was able to preserve the best of its past -- to the delight of ...

Europian Union party exec deported - 2018-04-17
Justice Secretary Menardo Guevarra said Filibeck was refused entry for violating local laws. "Mr. Filibeck has been blacklisted by the [immigration bureau] for violation of our immigration laws which prohibit aliens staying in our country from engaging ...

Reuters - 2018-04-16
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

Duterte seen appeasing labor with E.O. on May 1
BusinessMirror - 2018-04-16
"The DTI [EO] draft is obviously [based on] a business-as-usual policy that allows labor contracting on almost all jobs and functions that has changed the norm of employment from direct-hiring to agency-hiring," Rene Magtubo, chairman of Partido ...

The 8% tax for self-employed individuals
BusinessWorld - 2018-04-16
Since the start of the year, when the TRAIN law became effective, many self-employed individuals and small business owners have been keenly following the developing rules for the 8% tax applicable to them. Every time I attend a family gathering ...

Benelux Convention on Intellectual Property amendments: what do they mean for Dutch trademark holders?
Lexology - 2018-04-16
On June 1 2018 two protocols that amend the Benelux Convention on Intellectual Property will take effect. These amendments will make it possible for Dutch parties to initiate actions before the Benelux Office for Intellectual Property (BOIP) for the ...

Century Properties net income drops in 2017 amid diversification
Rappler - 2018-04-16
MANILA, Philippines - Antonio-led Century Properties Group Incorporated saw its net income fall in 2017 as its expansion into various real estate markets continues. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, April 16, Century ...

PCOO protests Facebook partnership with Rappler, Vera Files
CNN Philippines - 2018-04-16
Metro Manila (CNN Philippines, April 16) -- The Presidential Communications Operations Office (PCOO) praises Facebook's efforts to combat fake news -- but it isn't as supportive to the partners the social media giant picked. Facebook partnered with ...

2018 Toyota Yaris 1.3E CVT - 2018-04-16
Car manufacturers typically don't invest in new press dies or molds to stamp out a lot of new metal panels to extend a car's showroom life for 2 to 3 years, but it seems Toyota wasn't reading from the conventional car manufacturer business manual.

The solution to CPD woes
BusinessMirror - 2018-04-15
This column accepts contributions from accountants, especially articles that are of interest to the accountancy profession, in particular, and to the business community, in general. These can be e-mailed to [email protected]

OFW scalded by Saudi employer returns home - 2018-04-14
MANILA, Philippines -- The overseas Filipino worker (OFW) who suffered severe burns after her Saudi employer doused her with boiling water returned home yesterday. Pahima Alagasi, 26, arrived at the Ninoy Aquino International Airport accompanied by ...

DA: Boracay farmers, fisherfolk can loan by next week
CNN Philippines - 2018-04-14
Metro Manila (CNN Philippines, April 13) -- The Department of Agriculture's loaning program for farmers and fisherfolk affected by the Boracay closure will be ready as early as next week, Secretary Manny Piñol said Friday. Piñol said the DA was offering ...

These are the intellectual property minefields Tampa Bay entrepreneurs need to know about
The Business Journals - 2018-04-13
Tampa Bay-based entrepreneurs who run headlong into high-tech ventures with dreams of Elon Musk-type wealth, fame and influence have the same gigantic hurdle to overcome: how to protect their intellectual property. Patent protection, in particular, has ...

China to adopt system of punitive damages for intellectual property rights infringements - 2018-04-12
BEIJING (Reuters) - China will introduce a system of punitive damages for intellectual property (IP) infringements in its effort to strengthen protection of such rights, the official Xinhua news agency said on Thursday. Shen Changyu, head of the State ...

INSIDE STORY: How Duterte decided on Boracay closure
Rappler - 2018-04-12
As Roque had told CNN Philippines, there had been "differences in interpretation ... still stuck with the discussions in the February 5 Cabinet meeting where closures of business establishments, not the entire island, was proposed.

Philippines in 'golden age' of growth - ADB
Rappler - 2018-04-11
MANILA, Philippines - The Philippines is experiencing a unique period of growth and is expected to continue along that path in the short term, according to the Asian Development Bank (ADB). In its 2018 Asian Development Outlook 2018 released on Wednesday ...

Spending boost widens fiscal deficit in Feb., first two months
BusinessWorld - 2018-04-11
Sought for comment, Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said in an e-mail that "[t]he fiscal deficit increase was expected." "The doubling is also expected as government follows through with the focus on infrast ...

BIR revenue intake up 16 percent in Q1
BusinessMirror - 2018-04-11
The Bureau of Internal Revenue (BIR) reported revenues amounting to P422.587 billion in the first three months this year on the back of increased collection from the regional offices and the Large Taxpayers Service. The BIR said this exceeded its revenue ...

Mining attractiveness index and the Philippines
BusinessWorld - 2018-04-11
Mining companies and Boracay establishments show the face of business uncertainties in the country. Mining production is 0.6% of GDP while Boracay production of services is 0.1% of GDP, an amount that is "very insignificant" according to the National ...

Jack Lam 'middleman' Wally Sombero surrenders to police
Rappler - 2018-04-11
MANILA, Philippines - Wenceslao "Wally" Sombero, the alleged middleman of Chinese casino tycoon Jack Lam in the Bureau of Immigration bribery-corruption case, has surrendered to the Philippine National Police (PNP) on Wednesday, April 11. Sombero ...

ERC resolves over 100 pending cases during 60-day TRO period
BusinessMirror - 2018-04-10
The Energy Regulatory Commission (ERC) made good use of the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the suspension order against four ERC commissioners, acting on more than a hundred pending cases during the period.

Reinstated rules on deductibility of expenses, a welcome development - 2018-04-10
The Bureau of Internal Revenue (BIR) issued early this year Revenue Regulations (RR) No. 6-2018 to revoke RR No. 12-2013 and to reinstate the provisions of RR No. 14-2002, as amended, allowing, in certain cases, the deduction of an expense where no ...

IMF paper calls for gradual tweaks to firms’ taxation system
- 2018-04-09
THE PHILIPPINES has enough room to introduce a “gradual” reduction in corporate tax rates in order to attract greater investments, while noting that tax breaks granted to some firms have proven to be inefficient. A working paper published by the International Monetary Fund (IMF) said that the Philippines can afford to cut the income tax …

PHL, China to sign deal on English teachers
BusinessWorld - 2018-04-09
PHILIPPINE President Rodrigo R. Duterte is expected to sign an agreement with China, allowing around 100,000 Filipino teachers in English teaching opportunities there. The Philippines is also planning to discuss the employment of domestic helpers in China ...

House Speaker says impeachment will be done when session resumes - 2018-04-09
MANILA, Philippines -- A political analyst on Monday said that ... Dennis Coronacion, chair of the Department of Political Science at the University of Santo Tomas, said that the president seems bent on reducing the Supreme Court's justices to being ...

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