LT Group sets aside up to P11B for capex this year
BusinessWorld - 2018-05-08
LT GROUP, Inc. (LTG) plans to spend P10-11 billion for capital expenditures in 2018, the bulk of which will be allocated for its property unit in a bid to expand its recurring income. The holding company of tycoon Lucio C. Tan, Sr. has allocated P3 billion ...

CA clears Binay Jr. of administrative liabilities as mayor
BusinessMirror - 2018-05-08
FORMER Makati City Mayor Jejomar Erwin S. Binay Jr. welcomed on Tuesday the decision of the Court of Appeals (CA) clearing him of administrative liabilities. He said it only proved the Ombudsman singled out the Binays for "selective justice" because of ...

Draft bill raises tax cut of LGUs where plants are located
BusinessWorld - 2018-05-08
A DRAFT bill from the Department of Interior and Local Government (DILG), prepared with the assistance of the Asian Development Bank (ADB), hopes to raise the share of tax revenue for local government units (LGUs) hosting facilities of businesses ...

Electricity competition, EPIRA, and WESM
BusinessWorld - 2018-05-08
Last Monday, I discussed business competition in general and the role of the Philippine Competition Commission (PCC). The theme will be continued in this piece and it will discuss electricity competition in particular, especially after I was able to ...

NIST Revises Intellectual Property Rights Offered to Federally Funded Inventions and Licensing of Government Owned Inventions
JD Supra - 2018-05-08
Patent Intellectual Property (collectively, "IP") rights represent a significant element of many government contracts, including those for research and development, whether by commercial, non-profit or educational institutions. But did you know that if ...

Career step - lessons on joint authorship of copyright
Mondaq - 2018-05-08
The question of establishing joint authorship was of critical importance for Career Step because the authorship of the materials was a key ground on which the respondents contested Career Step's copyright infringement claims. In particular, the respondents ...

Tax advantaged investments | The Freeman - 2018-05-08
In the Philippines, we have multiple options: Pag-IBIG HDMF (Home Development Mutual Fund) - a Philippine government-owned and controlled corporation offers a fund called MP2. A voluntary high yield savings account with tax-free dividend yields (5-7 ...

62 OFWs undergo entrepreneurship training from OWWA 12
Philippine Information Agency - 2018-05-08
KORONADAL CITY, South Cotabato, May 8 (PIA) -- Some 62 Overseas Filipino Workers (OFWs) and OFW dependents who aspire to engage in their own business joined the Enhanced Entrepreneurial Development Training (EEDT) courtesy of the Overseas Workers Welfare ...

WECC Launched to Protect and Restore the Value of Intellectual Property
Yahoo Finance - 2018-05-08
SHANGHAI, May 7, 2018 /PRNewswire/ -- As the primary mechanism for communication and commerce, the advent of Internet has had tremendous ramifications with respect to the creation and enforcement of intellectual property (IP) rights. Technological ...

Fight against endo: Nothing much changed - 2018-05-07
Temp agencies -- small firms that hire temporary workers to work for big companies -- have been at the center of this controversy since they ... What labor groups are up in arms against are labor workers hired to do the same work, but are deprived ...

When looking back is not an option - 2018-05-07
The National Internal Revenue Code (NIRC), as amended, provides in Section 249 (B) that any unpaid tax due shall be subject to 20 percent deficiency interest per annum which shall be assessed and collected from the date prescribed for its payment until the ...

Poppy Responds to Mars Argo Copyright Suit, Calls It 'Desperate Grab for Fame'
Billboard - 2018-05-07
The suit claims copyright infringement and domestic violence damages against the man credited with being a musical svengali for both women, Titanic Sinclair (born Corey Mixter). "Something very few people know is that one of the reasons I work the way I ...

Quit, court employees tell Sereno; Leni hits quo warranto - 2018-05-07
"This is to show our collective action to show the truth and pursue reform in the Supreme Court and the judiciary," the group stressed in Filipino. Both PJA and SCEA earlier issued a joint manifesto calling for the resignation of Sereno "to give the ...

Judges, court workers step up Sereno quit call - 2018-05-07
JUDGES and court employees on Monday reiterated their call for Chief Justice Ma. Lourdes Sereno to resign before the Supreme Court decides on her fate when it rules on the petition seeking her ouster on Friday. The judges and court employees manifested ...

Demolition pushes through before residents celebrate the Ramadan
Davao Today - 2018-05-07
Batara said that the association has filed a motion at the Supreme Court last April 30 to contest the issued writ of demolition by the Regional Trial Court branch 17. In addition, their lawyer has also had a talk with the authorities to postpone the ...

Banks abhor near horizon money
BusinessMirror - 2018-05-07
They should know by now also. And besides, you saw the revenue collection of the BIR [Bureau of Internal Revenue] and the BOC [Bureau of Customs] that is also adding to the buffer of the Treasury," she said.

The fate of Rappler under Duterte's administration - 2018-05-07
Here's part of the reporters covering the president's statement: Rappler will remain a member of the MalacaƱang Press Corps (MPC) unless the Court of Appeals upholds the decision of Securities and Exchange Commission (SEC) revoking its registration.

During Sereno's indefinite leave - 2018-05-07
March 16, 2018 The Supreme Court is asked to require Chief Justice Maria Lourdes Sereno to produce her Statement of Assets, Liabilities and Net Worth from 2003 to 2005 when she was still a faculty member at the University ... in Baguio late last week ...

CA reverses Ombudsman ruling against Junjun Binay
CNN Philippines - 2018-05-07
Metro Manila (CNN Philippines, May 7) -- The Court of Appeals has reversed the 2015 decision of the Ombudsman ordering the dismissal from office of former Makati Mayor Junjun Binay for grave misconduct and serious dishonesty in the bidding of an allegedly ...

On TRAIN 2 -- Are we excited to board?
BusinessWorld - 2018-05-07
Are we excited to board? TRAIN 2 proposes to gradually lower the corporate income tax rate from 30% to 25%. TRAIN 2 also aims to revisit the tax incentives granted to companies. ON THE 25% CORPORATE INCOME TAX RATE While there are contentious discussions ...

Mobilizing finance for sustained, inclusive, and sustainable economic growth in Asia
BusinessWorld - 2018-05-07
Capital markets in many countries are underdeveloped and bond markets are still in their infancy. Fiscal preemption of banking resources is quite common. For those emerging countries which have successfully tapped international capital markets, a ...

Labor-centered development: the change we need
BusinessWorld - 2018-05-07
Carmel V. Abao is a faculty member of the Political Science Dept of the Ateneo de Manila University. She teaches political theory and international political economy.

BPI posts flat net income of P6.25 billion in Q1 2018
Rappler - 2018-05-07
MANILA, Philippines - The Bank of the Philippine Islands (BPI) saw a flat net income of P6.25 billion during the 1st 3 months of 2018, due to lower non-interest income as well as higher costs and expenses. BPI, the Philippines' 3rd largest bank in terms ...

The next ombudsman? A look at Justice Teresita de Castro
InterAksyon - 2018-05-07
(STAR/Michael Varcas) Much to the chagrin of her detractors, Supreme Court Associate Justice Teresita de Castro has been nominated to be the next ombudsman. De Castro was nominated by former Supreme Court justice Arturo Brion, who sent a letter to the ...

SC Justice Teresita de Castro nominated as next Ombudsman
CNN Philippines - 2018-05-07
Metro Manila (CNN Philippines, May 7) -- Supreme Court (SC) Associate Justice Teresita de Castro has been nominated as Ombudsman to replace Conchita Carpio-Morales, who is set to retire in July after her seven-year tenure. Retired SC Justice Arturo Brion ...

VP Robredo backs Sereno in fight against ouster petition
CNN Philippines - 2018-05-07
Metro Manila (CNN Philippines, May 7) -- Vice President Leni Robredo on Monday backed Chief Justice Maria Lourdes Sereno against the ouster case filed by Solicitor General Jose Calida. "The quo warranto case against the Chief Justice is not just her fight.

Second India teen raped, set on fire - police
Rappler - 2018-05-07
NEW DELHI, India - A 17-year-old battled for her life Monday, May 7, after being raped, doused in kerosene and set on fire, the second such case to shake India as it battles an increase in sexual crimes. The teenager was attacked on the same day and in ...

544 hired on the spot at Baguio City Labor Day Jobs Fair
Philippine Information Agency - 2018-05-07
Over 300 applicants were either referred for skills training ... the Republic of the Philippines. It is an attached unit of the Presidential Communications Operations Office (PCOO). The PIA works with the Office of the President, National Government ...

SC Associate Justice Teresita de Castro nominated for Ombudsman
Rappler - 2018-05-07
De Castro eventually became a member of the technical staff of the late chief justice Fred Ruiz Castro, a judicial assistant, a state counsel I at the Department of Justice in 1978, and rose to the position of assistant chief state counsel by 1997.

Rappler hits BIR for 'selective justice' in tax evasion case
Rappler - 2018-05-07
MANILA, Philippines - Rappler Holdings Corporation (RHC) and Rappler CEO Maria Ressa accused the Bureau of Internal Revenue (BIR) of "selective justice" in the P133-million ($2.57-million) tax evasion complaint it filed against the social news network.

DOT: More tourism enterprize zones good for NegOcc economy
Sun Star - 2018-05-07
TEZ Regulation Department Manager Nino Aquino explained that agency has become more aggressive in pushing for the development of more TEZs in the country since the issuance of the revenue regulations by the Bureau of Internal Revenue in 2016. Without these ...

PSA Caraga enjoins establishments to support labor turnover survey
Philippine Information Agency - 2018-05-07
BUTUAN CITY, May 7 (PIA) -- The Philippine Statistics Authority (PSA) Caraga region is now preparing for the nationwide conduct of the 2018 Labor Turnover Survey (LTS) in the region. With this, PSA Caraga regional director Dr. Rosalinda Celeste-Apura ...

Time to abolish irrelevant NFA - 2018-05-06
The National Food Authority got the governments of Vietnam and ... warehouses falsely were reclassified as "aging," then sold cheap to favored traders in Bulacan. Kickbacks allegedly changed hands. By continuing the audit, Duterte will know how to ...

De Castro nominated as ombudsman - 2018-05-06
De Castro is a product of University of the Philippines College of Law. She joined the government in 1973 as law clerk and legal assistant in the SC. She then moved to the Department of Justice as a state counsel from 1978 to 1995 before her appointment to ...

A good waiting attitude
BusinessMirror - 2018-05-06
In my term as Commissioner of the Bureau of Immigration (BI), I introduced a management philosophy, which, unbeknownst to me at that time, was very similar to principles of servant leadership. Professor Dirk van Dierendonck of the Rotterdam School of ...

Doing business easier
BusinessMirror - 2018-05-06
For Quezon City, a Reform Task Team was created composed of the Bureau of Internal Revenue (Client Support Service), Home Development Mutual Fund (Pag-IBIG Fund-Fund Management Group), Local ... Department), and Social Security System (NCR Operations ...

Proclamation of a grand celebration
BusinessMirror - 2018-05-06
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]

Sereno seeks inhibition of another SC justice - 2018-05-06
MANILA, Philippines -- After failing to convince five magistrates of the Supreme Court (SC) to inhibit themselves from the quo warranto petition filed against her, Chief Justice Maria Lourdes Sereno has now asked for the disqualification of Associate ...

Image Rights: Valuable Intellectual Property
IPWatchdog - 2018-05-06
The cult of celebrity keeps creating more and more wealth. And concurrent with protecting that, "Image Rights" have been receiving a lot of publicity - as well as the attention of tax authorities. Even "James Bond," Sir Sean Connery, has just ...

Tyranny of the Minority?
BusinessWorld - 2018-05-06
But the power of the minority can be very real. Whether by formal or informal political structures, it is the reason that obviously beneficial reforms -- such as Reproductive Health or Freedom of Information -- can be blocked or at best take decades to pass.

Sereno on quo warranto: SolGen is 'forum shopping'
Rappler - 2018-05-06
MANILA, Philippines - Chief Justice Maria Lourdes Sereno filed a new supplemental memorandum before the Supreme Court (SC) citing one more reason to dismiss the quo warranto petition against her. Sereno in a supplemental memorandum filed on Friday, May 4 ...

Sereno wants 6 justices out of her case - 2018-05-05
CHIEF Justice Maria Lourdes Sereno on Saturday sought the inhibition of a Supreme Court magistrate whom she accused of faith-shaming her during the April 10 oral arguments on the quo warranto petition filed against her by Solicitor General Jose Calida.

Talks with Kuwait ongoing - Palace - 2018-05-05
Likewise, the Philippine Overseas Employment Administration (POEA) has said there is growing demand for workers in Russia, China, Japan, South Korea and Singapore. Nomura cited a case where the Philippine government banned the deployment of Filipino ...

From 12 years to 6 months: Small time drug cases get plea bargains
Rappler - 2018-05-05
MANILA, Philippines - Small time drug personalities will now be able to get plea bargain deals for a chance to significantly cut their jail times and do their penance by rehabilitation instead. The Supreme Court (SC) ordered on April 10 the adoption of a ...

Advocates seek a law on modern biotech
BusinessMirror - 2018-05-05
It is here [in the Philippines already], why are we holding ourselves back?" he asked. He added that even business groups were also into scaring people about biotechnology. Take the case of an orange, Peczon said, with producers putting the label "non ...

Lumad evacuees defend deported Australian missionary nun
Davao Today - 2018-05-05
DAVAO CITY, Philippines - The indigenous people of Southern Mindanao has defended Sr ... very first Lakbayan ng Pambansang Minorya and the Lakbayan of our Alternative Schools in Manila up to now. She is more than a Filipino" added Monzon.

CJ Sereno asks SC Justice Martires to inhibit from ouster petition
CNN Philippines - 2018-05-05
Metro Manila (CNN Philippines, May 5) -- Chief Justice Maria Lourdes Sereno wants Supreme Court (SC) Justice Samuel Martires to inhibit from the quo warranto petition seeking her ouster. In a motion to inhibit filed Friday, Sereno accused Martires of ...

Sereno seeks 'faith-shaming' Martires' inhibition from ouster case - 2018-05-05
MANILA, Philippines -- Chief Justice Maria Lourdes Sereno on Friday asked "faith-shaming" Supreme Court Associate Justice Samuel Martires to inhibit from proceedings regarding the ouster petition filed against her, saying the magistrate has shown ...

DILG serves suspension to 4 department heads in Sipalay City
Sun Star - 2018-05-05
He also said that a temporary restraining order is already moot and academic and the only legal remedy left for the respondents is to bring the case to the Court of Appeals. Orbista said it's already up to Mayor Oscar Montilla Jr. to decide on the ...

Sister Patricia Fox hits Bureau of Immigration's definition of 'missionary work'
Rappler - 2018-05-05
Not confined in church Students of the Loyola School of Theology, a Jesuit-run school based in the Ateneo de Manila University in Quezon City, also said they "disagree that the work of Sister Pat among those in the peripheries of society is 'politically ...

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