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 ...

Ex-Sandiganbayan justice nominates Guevarra for SC post
CNN Philippines - 2019-11-20
Metro Manila (CNN Philippines, November 20) -- Justice Secretary Menardo Guevarra scored a nomination for Supreme Court justice. Former Sandiganbayan Associate Justice Raoul Victorino wrote Tuesday to the Judicial and Bar Council nominating Guevarra as associate justice of the high court to replace Diosdado Peralta who was appointed Chief ...

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 ...

Palace refutes OSG, says Duterte admin can still tax POGOs
CNN Philippines - 2019-11-19
Metro Manila (CNN Philippines, November 19) -- Malaca├▒ang refuted on Tuesday the recent claim of the Office of the Solicitor General (OSG) that the Philippine Offshore Gaming Operators (POGO) could not be subject to tax for profits earned from bets on their facilities. In a statement, Presidential Spokesperson and Chief Presidential Legal ...

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. Jos├ę Mar├şa 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 ...

Pogos are taxable
BusinessMirror - 2019-11-18
Everybody cannot help but notice the sudden influx of Chinese nationals in the country. My barber is happy since his business is doing good. He has more hair to trim. Condominium owners are enjoying an easy return of their investments. They are paid in cash for a one-year rent. Resort owners encourage their staff to learn mandarin because more ...

DOF counters OSG on Pogos: They can be taxed in PH
Philippine Daily Inquirer - 2019-11-18
The Department of Finance (DOF) on Monday, Nov. 18, countered an opinion by the Office of the Solicitor General (OSG) saying online casinos, or Philippine Offshore Gaming Operations (Pogos), cannot be taxed by the Philippine government. Finance Secretary Carlos Dominguez III, in a message to reporters through Viber, said Pogos must pay ...

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 Lape├▒a, 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 ...

SC sending Congress draft bill on marshals
Philippine Daily Inquirer - 2019-11-16
A bill drafted by the Supreme Court for a Philippine Marshal Service will be sent to Congress on Monday, according to Court Administrator Midas Marquez. The draft bill goes beyond the primary objective of providing protection to judges--amid the spate of killings targeting members of the judiciary--as it also proposes broad powers for the ...

Why my best friends are my best critics
Philippine Daily Inquirer - 2019-11-16
He has exaggerated my role, as I stated elsewhere. He has spoken for the Supreme Court on various subjects beyond my limited range--including mathematics, the latest advances in science and technology, economics, accounting and even canon law. In a deeper ...

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 ...

Trump wants Supreme Court to block subpoena for his taxes
Philippine Daily Inquirer - 2019-11-15
A three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York ruled last week that the tax returns can be turned over to New York prosecutors. The appellate judges emphasized the ...

Explain summons to traffic enforcers, SC tells judge
Philippine Daily Inquirer - 2019-11-14
The Supreme Court, through court administrator Midas Marquez, has asked a Cabanatuan City judge to explain his summons to two Baguio City traffic enforcers who confiscated his car license plate for illegal parking last month. Judge Nelson Lago of the CabanatuanMunicipal Trial Court Branch III "was requested" to comment on news reports that ...

B.I. deports 312 Chinese caught in telco scam
BusinessMirror - 2019-11-14
Some of the 300 foreign nationals deported by Philippine authorities are seen at the NAIA 1 tarmac prior to boarding a China Eastern flight on Thursday (Nov. 14) night. THE Bureau of Immigration ...

DOF sees no need to amend rice tariff law
philstar.com - 2019-11-14
MANILA, Philippines -- The government will not repeal nor suspend the implementation of the Rice Tariffication Law, as measures are already being implemented to address the challenges posed by the law to rice farmers, according to the Department of Finance (DOF). While emphasizing the benefits of Republic Act 11203 or the Rice Liberalization ...

DOLE postpones release of Service Charge IRR law to confer with DOT
BusinessMirror - 2019-11-14
The Department of Labor and Employment (DOLE) again postponed the release of the Implementing Rules and Regulation (IRR) of the Service Charge Law, this time to consult the Department of Tourism (DOT). In a text message, Labor Secretary Silvestre H. Bello III told BusinessMirror he opted to conduct more consultations for the new IRR.

Phoenix Petroleum backs Palace bid to plug tax leaks
BusinessMirror - 2019-11-14
DAVAO CITY--Independent oil producer Phoenix Petroleum Philippines Inc. (PPPI) expressed full support to the move of Malaca├▒ang to plug tax leakages, including a crackdown on noncompliant players, to improve further a fair corporate practice in the country. In a statement disclosing its income and revenue position as of November, PPPI Chief ...

Unions bracing for fight over salty-foods tax
BusinessWorld - 2019-11-14
Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) Spokesperson Alan A. Tanjusay told BusinessWorld this week that the proposed tax measure does not consider that many low-income workers have no choice but to eat salty food despite being aware of the health effects of food processing. "The proposed measure to impose ...

ZEN Graphene Solutions Reports on Multiple Intellectual Property Licensing Agreements
YAHOO! - 2019-11-14
This agreement licenses to ZEN the intellectual property created by scientists and laboratories within a renowned Canadian University. This agreement has no expiry date and provides that a royalty is payable by ZEN based on the annual amount of material processed under the intellectual property. The company also reports that it has signed an 18 ...

PH deports over 300 Chinese nationals
CNN Philippines - 2019-11-14
Metro Manila (CNN Philippines, November 14) -- The Bureau of Immigration started deporting more than 300 Chinese nationals allegedly involved in telecommunication fraud on Thursday. The first batch of the 312 Chinese nationals was sent out on a chartered China Eastern flight to Shijiaxuang in Hebei Province and Changchun in Jilin Province.

The climate crisis will profoundly affect the health of every child alive today, report says
CNN Philippines - 2019-11-14
(CNN) - The climate crisis is already hurting our health and it could burden generations to come with lifelong health problems, a new report finds. It could challenge already overwhelmed health systems and undermine much of the medical progress that has been made in the last century. If the world continues to produce the same amount of carbon ...

CJ Bersamin gets death threats
BusinessMirror - 2019-11-13
THE Supreme Court and the Department of Justice (DOJ) have come to the rescue of retired Chief Justice Lucas Bersamin after the latter reported that he has received death threats. SC Spokesman Brian Keith Hosaka said Bersamin himself disclosed to him the threat but did not provide details as to where these are coming from. Hokasa, however ...

Maritime Lecturer Receives Royal Seal of Approval
Bdaily Business Network - 2019-11-13
A respected North East maritime lecturer has received the royal seal of approval for services to the careers of young seafarers and seafarer welfare over two decades. Alain Reynier was presented with the Merchant Navy Medal for Meritorious Service by HRH The Princess Royal, Princess Anne, at a ceremony at Trinity House in London, on Wednesday ...

19 NPA members surrender in SouthCot
MindaNews - 2019-11-13
The governor said the surrenderers may avail of livelihood financing of at least P100,000 from the Land Bank of the Philippines, housing assistance worth P450,000, firearms remuneration of up to P500,000, livelihood training from the Technical Education and Skills Development Authority and other interventions from the Department of Labor and ...

DOF sees more expensive alcoholic drinks, heated tobacco, vapes at start of 2020
Philippine Daily Inquirer - 2019-11-13
With President Rodrigo Duterte certifying as urgent the bill that would make so-called "sin" products--alcohol, heated tobacco and vapes--more expensive, expect a spike of prices of these by ...

Asian stocks sink after Trump threatens more China tariffs
Philippine Daily Inquirer - 2019-11-13
A protester was shot Monday and others blocked streets and commuter rail tracks and set off gasoline bombs at the University of ... used to price international oils, shed 10 cents to $61.96 ...

Urgency grows by the day for a trade deal with China. Will Trump speech today deliver?
CNN Philippines - 2019-11-13
(CNN) - President Donald Trump will address the Economic Club of New York later today and investors want to know one thing: When can a so-called phase-one mini-trade deal with China be signed?

BPOs lower 2022 targets amid uncertain times
Philippine Daily Inquirer - 2019-11-12
MANILA, Philippines -- The IT-BPM industry used to think it could hit $39 billion worth of revenues in 2022, but unexpected trends such as the uncertainty over its tax breaks have now made its target a pipe dream. The industry now expects to hit only $29 billion. At best, this can reach $32 billion, although an industry leader called this an ...

IT-BPM cuts revenue growth forecast by $7 billion
BusinessMirror - 2019-11-12
THE information-technology and business- process management (IT-BPM) industry has reduced its growth forecast by nearly $7 billion in revenue and roughly 230,000 workers in employment on uncertainties brought about by domestic and international policies. The IT and Business Process Association of the Philippines (Ibpap) on Tuesday said it ...

Maynilad starts work on biggest sewage treatment plant
Philippine Daily Inquirer - 2019-11-11
Maynilad Water Services Inc. yesterday broke ground for its biggest ... is expected to help clean up waterways flowing to Manila Bay and also improve sanitation conditions in three cities.

DTI crafts road map for AI, Fourth Industrial Revolution
BusinessMirror - 2019-11-11
With the advent of the Fourth Industrial Revolution, or the age of digitization, governments from across the world are seeking ways on how to keep their labor force competitive in the face of firms adopting new solutions, particularly automation, in their operations. "The formulation of the AI road map is very important and timely.

Law on inheritance tackled in seminar
philstar.com - 2019-11-11
MANILA, Philippines -- The Center for Global Best Practices is launching a pioneering program titled, "Inheritance and Disinheritance Law of the Philippines" on Dec. 5 at the Marriott Grand Ballroom, Resorts World Complex, Pasay City. The one-day training will provide participants a comprehensive understanding of the general principles as well ...

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