Drop in cement prices lead to Cemex earnings fall
BusinessWorld Online - 2018-02-09
EARNINGS of Cemex Holdings Philippines, Inc. (CHP) were cut by more than half in 2017, as higher cement volumes sold for the period failed to offset the continued drop in cement prices. In a presentation to investors, the company said net income slowed by ...

WATCH | SC TRO halts Mamasapano proceedings, including deferred Aquino arraignment, at Sandiganbayan
interaksyon.com - 2018-02-09
MANILA - The Supreme Court on Friday issued a temporary restraining order, effectively halting proceedings at the Sandiganbayan special anti-graft court related to cases of graft and usurpation of authority against former president Benigno Aquino III ...

P72B yearly for Bangsamoro region if BBL passed
Rappler - 2018-02-09
Article 12, Section 17 of the proposed BBL mandates the national government to give the Bangsamoro region an "annual block grant" or share in internal revenue, which would be done automatically each year. The bill states that the annual block grant ...

Olympic games well covered by Intellectual Property
Lexology - 2018-02-09
The Winter Olympic Games in PyeongChang, South Korea, have just started. For two weeks athletes around the world will do their very best to represent their countries. But what about intellectual property at the games? The Olympic rings are well-known to ...

P80-M cocaine found in Isabela waters
Philippine Daily Inquirer - 2018-02-08
The nine crew members--six Chinese, two Hong Kong nationals and a Taiwanese--were taken to the Bureau of Immigration central office so they could process their documents and return to their countries. --With reports from Joey A. Gabieta and Ma.

Selling up close and personal
Inquirer - 2018-02-08
Avon Philippines has raised P24 million to support the breast cancer crusade with beneficiaries such as the Avon Philippine General Hospital Breast Care Center ... "It requires putting out the fires. I wake up with an issue in South Africa.

India placed 44 out of 50 nations in global Intellectual Property index
The Morung Express - 2018-02-08
Although India has significantly improved its score, it still remains towards the bottom of the index topped by countries like the U.S. and Switzerland Washington, February 8 (PTI): India has "increased substantially" its score in the latest ...

Charter panel targets Sona as due date for changes preview
The Standard - 2018-02-08
If they are convinced, fine, and if they are not, then too bad." The committee, headed by former Supreme Court chief justice Reynato Puno, agreed that the members would meet Mondays to Fridays until July at the Philippine International Convention Center ...

EO on contractualization due by March -- DoLE
BusinessWorld Online - 2018-02-08
"He said he will study it first. Both of us will study it before he signs it," Mr. Bello said. Philippine Airlines Employees Association (PALEA) president Gerry Rivera said his group is disappointed by the delay. "It would have been good if we had ...

Moreno remains Cagayan de Oro mayor as CA stops dismissal
Rappler - 2018-02-08
CAGAYAN DE ORO, Philippines - Oscar Moreno remains the mayor of Cagayan de Oro after the Court of Appeals 22 nd Division Mindanao Station issued a temporary restraining order and a status quo ante order on the Ombudsman's latest ruling to dismiss him ...

DOF: 6 million employees now tax-exempt
Inquirer - 2018-02-08
The Department of Finance on Wednesday reiterated that the Tax Reform for Acceleration and Inclusion (TRAIN) Act not only benefited employees receiving annual pay of P250,000 amid a higher tax-exempt cap, but also those with yearly taxable income of up ...

Robredo's lawyer refuses to sign Marcos' 'manifestation'
CNN Philippines - 2018-02-08
Metro Manila (CNN Philippines, February 7) -- Vice President Leni Robredo's lawyer on Wednesday signed the joint motion to withdraw all pending motions at the Presidential Electoral Tribunal for the vote recount, but it was not the one already signed by ...

No info yet on potential jobs in China for Filipinos - POEA official
CNN Philippines - 2018-02-07
Metro Manila (CNN Philippines, February 8) -- Despite news that there were thousands of job opportunities available in China for Filipino workers, an official of the Philippine Overseas Employment Administration (POEA) said they still need to get more ...

Superfluous tax incentives: Make it real
BusinessWorld Online - 2018-02-07
During the road show of the Bureau of Internal Revenue (BIR) introducing BIR Form 1702-MX in February 2013, one question raised during the open forum was the significance of Schedule 2 -- Tax Relief Availment. The BIR resource speaker explained then that ...

VAT refunds under TRAIN
Business Mirror - 2018-02-07
Such changes deserve the same attention as those changes being subjected to much media mileage. First, prior to TRAIN, the Commissioner of Internal Revenue (CIR) is authorized to either grant a cash refund or issue a tax-credit certificate. Under the TRAIN ...

Vienna: Perfect Family Holiday Destination for Indians
India.com - 2018-02-07
Newest attraction: Following extensive renovations, the Vienna World Museum (Weltmuseum Wien) now shows valuable treasures from around the world, including the collection of seafarer James Cook and the world-famous feather headdress of a Mexican priest.

What's happening in the Maldives? All you need to know
CNN Philippines - 2018-02-07
(CNN) -- The Indian Ocean island nation of the Maldives is engulfed in a political crisis, after the President defied a Supreme Court ruling to reinstall opposition MPs and release political prisoners. President Abdulla Yameen instead declared a state of ...

Who is Helen Macasaet, the I.T. expert who caused tension in SC?
Rappler - 2018-02-07
MANILA, Philippines - Information Technology or I.T. consultant ... credentials include consulting for Social Security Systems (SSS), Hyundai Motors, various colleges and international investment firms, and the United Coconut Planters Bank (UCPB).

Coca-Cola PH laying off workers
Inquirer - 2018-02-06
Coca-Cola Femsa Philippines Inc. said that it had decided to cut down on workers amid changes in the beverage industry and the business environment, calling it a "very difficult decision." In a statement to the Inquirer, the company behind the popular ...

Convergence initiatives for Marawi target food security
Philippine Information Agency - 2018-02-06
Hadji Ali urges returned individual of agriculture community to continue farming. For its part, the Department of Social Welfare and Development provides cash-for-work (CWF ... happiness was lingered and ended up being heartbroken at the same time because ...

BIR ordered to investigate Sereno for alleged tax evasion
CNN Philippines - 2018-02-06
Metro Manila (CNN Philippines, February 7) -- The Bureau of Internal Revenue (BIR) on Wednesday said it will begin investigating Chief Justice Maria Lourdes Sereno's alleged failure to pay taxes. BIR Deputy Commissioner for Operations Arnel Guballa made ...

Contractualization issue unites labor factions
Business Mirror - 2018-02-06
While the contractualization issue has polarized employers and employees, it also bonded moderate and labor groups that they are staging a joint rally today (Wednesday) to press President Duterte to choose the executive order (EO) they prefer over the ...

BIR: No more special tax rates for workers of regional HQs; MNCs appeal their case
interaksyon.com - 2018-02-06
MANILA - The Bureau of Internal Revenue (BIR) has issued a reminder that employees of regional operating headquarters of multinational firms, including those in business process outsourcing, will no longer enjoy special personal income tax rates as a ...

Jordanian national nabbed for illegal recruitment in Dumaguete
Rappler - 2018-02-06
"It's an appeal to the public: before talking to any alleged agency, clear it first with the POEA (Philippine Overseas Employment Administration) and know whether the agency you are talking to is a legitimate agency and if they have any existing license ...

BIR suspends audits pending review of policies, procedures
interaksyon.com - 2018-02-06
MANILA - The Bureau of Internal Revenue (BIR) has suspended investigations of taxpayers, saying yesterday it needs to review policies and procedures in this regard after its head said last month that the practice has not improved collections. The BIR ...

MORAL DILEMMA | Israel gives African migrants 2 months to choose deportation or jail
interaksyon.com - 2018-02-05
African migrants wait in line for the opening of the Population and Immigration Authority office in Bnei Brak, Israel. (photo by Nir Elias, Reuters) TEL AVIV -- Israel has started handing out notices to 20,000 male African migrants giving them two months ...

Tax incentives law amendments pushed under tax reform package 2
Inquirer - 2018-02-05
At present, reporting of foregone revenues from incentives covering value-added tax and local business taxes are not covered ... only to grant tax subsidies to state-run corporations and government offices. Last month, Finance Undersecretary Karl Kendrick ...

BIR scraps special tax rate for RHQ staff
Philstar - 2018-02-05
MANILA, Philippines -- The government has scrapped the preferential tax rate for employees of reqional headquarters (RHQs) and regional operating headquarters (ROHQs) of multinational companies despite the strong uproar from foreign chambers of commerce.

Tax bureau suspends audits for now
BusinessWorld Online - 2018-02-05
The Bureau of Internal Revenue wants to make sure its officers stick to the 180-day deadline to complete audits. -- BW FILE PHOTO THE BUREAU of Internal Revenue (BIR) has suspended investigations of taxpayers, saying yesterday it needs to review policies ...

Tax collected from Mighty up by P4 billion monthly since JTI takeover
Rappler - 2018-02-05
MANILA, Philippines - Monthly excise taxes collected from Mighty Corporation increased by roughly P4 billion since Japan Tobacco Incorporated (JTI) took over the operations of the cigarette manufacturer, data from the Bureau of Internal Revenue (BIR) showed.

Cash-for-work scheme helping Mayon evacuees earn
CNN Philippines - 2018-02-05
The Department of Labor and Employment (DOLE) has implemented the "Tulong Pangkabuhayan sa Displaced Workers" program or TUPAD, wherein evacuees earn P290 per day sweeping rooms, taking out the trash, and doing some construction work in evacuation centers.

CA reaffirms Ombudsman order against ex-MRT chief Vitangcol
Rappler - 2018-02-04
MANILA, Philippines - The Court of Appeals (CA) rejected the petition of former Metro Rail Transit Line 3 (MRT3) general manager Al Vitangcol III to reverse an earlier Office of the Ombudsman order that found him administratively liable for alleged ...

New leader to take the helm at U.S. Federal Reserve
Rappler - 2018-02-04
WASHINGTON DC, USA - Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to lead the US Federal Reserve, will take the reins of monetary policy starting Monday, February 5. Perhaps the wealthiest Fed chair ever ...

CA affirms administrative raps vs. ex-MRT exec Vitangcol
interaksyon.com - 2018-02-04
The Court of Appeals in Manila. PHIL.STAR FILE PHOTO MANILA - The Court of Appeals (CA) upheld its earlier decision affirming the order by the Office of the Ombudsman finding former Metro Rail Transit Authority (MRTA) general manager Al Vitangcol III ...

Cavite judges found guilty of fixing annulment cases
Rappler - 2018-02-04
MANILA, Philippines - At least 4 lower court judges committed misconduct to make Cavite a "haven" for fixed annulment cases, the Supreme Court (SC) said in a recent ruling. Former Cavite trial court judges Fernando Felicen (Imus), Cesar Mangrobang (Imus ...

PH nonprofit groups hop on the cloud to cut cost, simplify operations
Newsbytes Philippines - 2018-02-04
The Zuellig Family Foundation (ZFF), the Philippine Council for NGO Certification ... Bringing together advocates and practitioners from allied fields including social science, architecture and IT, GKI is building a data platform and map of Philippine ...

Pitoy Moreno: From Tondo to the world
Inquirer Lifestyle - 2018-02-04
Both siblings went to public schools from their elementary grades until college at the University of the Philippines (UP ... Virgie assured him that his J. Moreno Foundation Inc. would carry on where he left off and would continue to support his projects.

Small businesses not exempted from anti-trust rules -- experts
interaksyon.com - 2018-02-04
Quimbo, commissioner at the anti-trust body Philippine Competition Commission, said that only 11% of MSMEs are aware of the Philippine Competition Act or Republic Act No. 10667, citing a survey by the Asian Institute of Management. "Small businesses ...

Power sector in limbo
Business Mirror - 2018-02-03
Semirara Mining and Power Corp. Chairman Isidro Consunji also shared the same concern. "We hope ERC issues are resolved so it can function properly. So much has to be done. Otherwise another crisis in the next five years or so," Consunji said in a text ...

DOF open to VAT reduction
Philstar - 2018-02-02
Finance Undersecretary Antonette Tionko said the Bureau of Internal Revenue (BIR) still has P35 billion worth of tax refunds yet to be paid as of Dec. 31, 2017. Business ( Article MRec ), pagematch: 1, sectionmatch: 1

China: Regulations On Beijing Courts' Jurisdiction Over Intellectual Property Civil Cases
Mondaq - 2018-02-02
Beijing Higher People's Court issued the Regulations on Adjusting Beijing Courts' Jurisdiction over Intellectual Property Civil Cases to further define the scope of jurisdiction of Beijing courts over civil cases concerning intellectual property.

EXCLUSIVE: Viterbo resigns as SEC commissioner
Rappler - 2018-02-02
Viterbo obtained his Bachelor of Laws and Bachelor of Science in Business Administration and Accountancy degrees at the University of the Philippines ... recognized by the UP College of Law for his work and dedication to public service in 2014.

Golf Club Designer, Sales Co. Settle Copyright Battle
Law360 - 2018-02-02
Law360 (February 1, 2018, 9:57 PM EST) -- A California golf club designer and an Oklahoma marketing and sales company have cut a deal to resolve patent and copyright infringement claims against each other over intellectual property rights to popular golf ...

Why campus journalists should go beyond classrooms
Rappler - 2018-02-02
MANILA, Philippines - One can no longer belittle the role ... This was most evident especially during Martial Law. While there is no difference when it comes to standards they follow as "campus publications follow the same normative standards in ...

Carandang case: Impeachment for Morales or Duterte?
Rappler - 2018-02-02
Law professor Tony La ViƱa said that if President Rodrigo Duterte insists on enforcing a provision in law that has been voided by the Supreme Court, then he is committing a possibly impeachable offense. MalacaƱang issued the suspension order against ...

Elusive inclusiveness: Will federalism finally bring progress to rural PHL?
Business Mirror - 2018-02-01
The country lagged behind its counterparts in the Association of Southeast Asian Nations. The country had a score of ... Autonomy and Equity," Philippine Institute for Development Studies Senior Research Fellow Rosario G. Manasan said the fiscal gap ...

Agham head asks SC to stop RE law, FiT implementation
Business Mirror - 2018-02-01
The Agham partly-list led by its president Angelo B. Palmones recently filed a petition in the Supreme Court (SC) against the implementation of the renewable-energy (RE) law and its features, including the renewable portfolio standards (RPS) and the feed ...

Metro Manila labor turnover stabilizes in Q3
BusinessWorld Online - 2018-02-01
This is generally a positive picture of the labor force," he said. Security Bank Corp. economist Angelo B. Taningco attributed the slowdown in labor turnover to a sharp decline in the services sector "that was partly offset by an increase in the ...

Alejano presses probe of Hyundai in Navy frigates deal
interaksyon.com - 2018-02-01
"The decision on HHI by its own Supreme Court puts to question the credibility of the shipyard firm. We cannot dispel the possibility of the same having transpired in the frigate procurement. Lack of proper investigation would mean those possibly ...

Davao folk fail to see super blue blood moon
Mindanews - 2018-02-01
COLINA IV Carl John Gemarino, a civil engineering student at University of ... eastern Africa, eastern Europe, the Pacific Ocean, and the Indian Ocean. It said the full moon was forecast to begin at 6:49p.m. in the Philippines and to end at 12:09 a.m ...

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