Economists: Brace for faster price increases in 2018 due to tax reform law
Inquirer - 2018-01-04
As for Ateneo de Manila University economics professor Alvin P. Ang and Land Bank of the Philippines market economist Guian Angelo S. Dumalagan, they projected a slightly lower 3.2-percent hike in consumer prices last month. "Headline inflation likely ...

Testimonies lead to tax raps against Taguba, Dong
BusinessWorld Online - 2018-01-04
BIR further noted that Mr. Taguba, as indicated in his sworn affidavit, is a "businessman engaged in the trucking business and in the financing of various ancillary ventures such as logistics, brokerage, lending, trading and agricultural production."

DoF chief touts collection, spending rise
- 2018-01-04
THE GOVERNMENT grew tax collections and disbursements at a double-digit pace last year, the Finance chief said yesterday, citing preliminary data. “Indicative 2017 collection performance of BIR 12.5% growth BoC 17% growth,” said Finance Secretary Carlos G. Dominguez III in a Viber message to reporters on Thursday, referring to top revenue-generating agencies Bureau of Internal …

Reverse exodus gathers flocks of departing passengers at Naia
Business Mirror - 2018-01-04
This time, however, immigration booths are properly manned, allowing for a smooth flow of passenger traffic. Manila International Airport Authority General Manager Ed Monreal instructed his men to prepare for the expected buildup of departing passengers ...

Binay orders extended work hours for business permits, tax payments
Business Mirror - 2018-01-04
Makati Mayor Abigail Binay announced on Thursday that the Business Permits and Licensing Office (BPLO) and other frontline offices of the city will be open after office hours and on weekends to accommodate applications for renewal of business permits and ...

Estrada suspends classes, work in Manila on Jan. 9
Business Mirror - 2018-01-04
In an advisory released on Thursday, the SC Public Information Office (PIO) said work in the High Court, Court of Appeals (CA) and trial courts in Manila would be suspended due to the expected "difficulty of travel to and from the courts in the city of ...

Luxury US resort accused of trafficking Filipinos, other Asians
Global Nation - 2018-01-04
LOS ANGELES -- An upscale Southern California ... J-1 visa workers were from the Philippines, the complaint said. Jon Tuason, a US citizen who grew up in the Philippines, was recruited by the company while a culinary school student in the Philippines ...

PEZA firms urged to source raw materials from local sources
Inquirer - 2018-01-04
The Philippine Economic Zone Authority (Peza) wants domestic companies to know which imports could be replaced by local supplies, a move aimed at cutting the dependence of its registered companies that usually source three-fourths of their materials abroad.

Bacolod business one-stop
Visayan Daily Star - 2018-01-04
In an interview, Masculino said they are hoping that the equipment they requested from the Department of Agriculture will be given to them this year to help more farmers with problem in manual labor scarcity. Earlier, OPA reported cases of decreasing farm ...

2 players in P6.4-B shabu smuggling charged with tax evasion
Philippine Daily Inquirer - 2018-01-04
Dulay said Taguba failed to register with the BIR his business of facilitating the importation of goods ... However, the BIR found that Taguba failed to file any income tax return or value added tax return from 2009 to 2016, and thus, failed to declare ...

The TRAIN has arrived
BusinessWorld Online - 2018-01-03
Why Congress opted to lower the tax on such vehicles to 20%-50 ... and social projects as well as new spending commitments in the 2018 budget (e.g. free college tuition in SUCs, police and military pay increase, free irrigation, etc.)." Perhaps the ...

May referendum for Federal Charter eyed
Business Mirror - 2018-01-03
Corazon Nuñez-Malanyaon of Negros Oriental is handling the provisions on the Executive-Legislative (Articles 6 and VII); New article on Federal and Regional Powers, Numbers of States; and Local Government and Taxation/Allocation of Resources (Article X).

Software developer pushes for Philippine tech talent
Inquirer Technology - 2018-01-03
Aside from cutting out the bureaucratic red tape, PEZA grants foreign investors exemption from corporate income tax for four to eight years. After that expires, a five percent gross income tax can be opted instead of taxes. Also granted are exemptions from ...

DENR says forest protectors to undergo evaluation prior to issuance of firearms
Business Mirror - 2018-01-03
The DENR is also intensifying the campaign against destructive development activities, such as quarrying and mining, slash-and-burn agriculture and illegal ... s Western Command (Wescom) and the Palawan Philippine National Police was sought to address ...

Hotline 1349: 127k worker issues addressed
Philippine Information Agency - 2018-01-03
MANILA, Jan. 3 - With its 24/7 hotline service, the Department of Labor and Employment (DOLE) was able to address close to 127,000 labor and employment-related concerns. The issues were brought forward by 91,466 workers recorded by assistance officers ...

Spotify Faces $1.6 Billion Lawsuit For Copyright Infringement Of Songs
International Business Times - 2018-01-03
Spotify was hit with a copyright infringement lawsuit Friday by Wixen Music Publishing, which alleged the Swedish music streaming company used numerous songs without licenses and compensations. Wixen Music Publishing administers music compositions by ...

Labor group: Hold BPO, mall owners liable for deadly Davao fire
Philstar - 2018-01-03
MANILA, Philippines -- An international labor group for call center workers called on the Philippine ... the Communications Workers of America urged "government agencies to hold Research Now SSI and New City Commercial Center, where the call center ...

PH gov't urged to probe 'multi-million-peso scam' targeting OFWs
Rappler - 2018-01-03
The Philippines deployed 333,671 newly-hired workers to GCC member-countries in 2015 alone, based on Philippine Overseas Employment Administration (POEA) data. The requirement is supposed to be the initiative of the GCC Ministry of Health, with the ...

Supreme Court challenge to tax reform looms
BusinessWorld Online - 2018-01-02
OPPOSITION legislators said they may seek to block in the Supreme Court the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, citing procedural defects in the approval of the law, such as the absence of a quorum. "We will ...

NGO warns DOH-accredited clinics, recruitment agencies vs online medical registration scheme victimizing OFWs - 2018-01-02
Ople also noted that the Philippine Overseas Employment Administration (POEA) has yet to pass any Governing Board resolution in recognition of the said scheme. She also urged the Department of Foreign Affairs to check on whether Gulf countries that receive ...

Stock transactions now subject to higher tax
Inquirer - 2018-01-01
A 20-percent increase in stock transaction tax (STT) takes effect at the Philippine Stock Exchange today in line with the recently-enacted Tax Reform for Acceleration and Inclusion law. Philippine Stock Exchange president Ramon Monzon issued on Friday a ...

A Year of Disasters, Delays, and Debate
Occupational Health&Safety - 2018-01-01
More than 3,000 workers in various fields were surveyed between February and April 2017, and 2,000 employees in corporate offices, hospitality, education, and industry/labor and more than 1,000 safety managers in industries regulated by OSHA also were ...

Top eight energy news of 2017
BusinessWorld Online - 2018-01-01
There was successful maneuver by some senators, a known economist and some leftist organizations to spare natural gas from higher taxation, benefitting a big energy gas firm. 6 The feed-in-tariff (FiT) or guaranteed high price for 20 years for wind-solar ...

White House, Congress prepare for talks on spending, immigration
BusinessWorld Online - 2018-01-01
WEST PALM BEACH, FLA./WASHINGTON -- The White House said on Friday that it was set to kick off talks this week with Republican and Democratic congressional leaders on immigration policy, government spending and other issues that need to be wrapped up ...

Shares rise to new high in shortened trading week
BusinessWorld Online - 2018-01-01
MBT (Metropolitan Bank & Trust Co.) up 3.5% and BPI (Bank of the Philippine Islands) up 2%. On the other hand, retail investors were very active in 2 nd tier real-estate companies like IDC (Italpinas Development Corp.) up 31.1% and HOUSE (8990 Holdings ...

CA allows BSP to sell assets of Banco Filipino
Business Mirror - 2018-01-01
THE Court of Appeals (CA) has lifted the writ of preliminary injunction issued by the regional trial court (RTC) in Makati City enjoining the Bangko Sentral ng Pilipinas (BSP) from bidding out, selling and disposing the assets of the now-defunct Banco ...

Labor group pushes for passage of safer workplace bill
Philippine Daily Inquirer - 2018-01-01
These orders cover different industries and workplaces--including manufacturing, construction, mining operations and power plants--and mostly ... and the collapse of the open-pit coal mine of Semirara Mining Corporation in Antique in July 2015, burying ...

Russia: 2018-2019 - It is Time to Bring Your Intellectual Property Out of the Shadows
Lexology - 2018-01-01
income in the form of intellectual property rights identified in a course of inventorying of property and property rights conducted by a Russian taxpayer would be included in the list of income not subject to taxation by Russian corporate profits tax (new ...

Redbox Is Being Sued By Disney For Copyright Infringement Over The Sale Of Digital Download Codes
Uproxx - 2017-12-31
Redbox is still chugging along, looking for ways to keep competitive in a world of streaming giants and Peak TV. While plenty of people use the service and using their kiosks bring their own perks from time to time, one of their more recent ideas has ...

Red Cross executive points out dangers in uncontrolled tourism
Business Mirror - 2017-12-31
Unfortunately, being an archipelago and due to its geographic location, the Philippines is vulnerable to these natural disasters, as what happened in 2013, when Supertyphoon Yolanda (international code name Haiyan) cut across the Visayas region ...

Immigration bureau reminds 60-day annual registration for non-Filipinos
Philippine Information Agency - 2017-12-31
DAGUPAN CITY, Dec. 31 (PIA) -- The Bureau of Immigration (BI) reminded all registered aliens (foreigners) or non-Filipinos residing in the Philippines to report in person to the nearest immigration office within the first sixty days of 2018. Immigration ...

BIR lists taxes on offshore gaming
Inquirer - 2017-12-30
"The BIR, not a newcomer to the workings and tax issues presented by online business transactions through the internet, feels that the challenge in gaming operations is how to implement a fair and equitable taxation of online gaming businesses, how to ...

Purchasing power over real property
Inquirer - 2017-12-30
"On weekdays, throngs of Filipino men in the Rizal Park (popularly known as Luneta) congregate near booths of manning agencies which recruit workers to be deployed on foreign ships," wrote Jean Encinas-Franco of the University of the Philippines ...

Bulacan pyrotechnic manufacturers, sellers pass DOLE standards
Philippine Daily Inquirer - 2017-12-30
The Department of Labor and Employment (DOLE) said most of the pyrotechnic manufacturers and sellers in Bulacan have passed occupational safety and health standards following a series of inspections done by the agency. In a statement on Saturday ...

SC: Explain ML extension
Visayan Daily Star - 2017-12-30
MANILA -- The Supreme Court has ordered government officials to comment on the petition filed by opposition lawmakers belonging to the "Magnificent 7" bloc assailing the constitutionality of the full-year extension of martial law in Mindanao. In a two-page ...

2017 an extraordinary year for BIR -- Dominguez
Philstar - 2017-12-30
MANILA, Philippines -- The Department of Finance (DOF) said 2017 is an extraordinary year for the Bureau of Internal Revenue (BIR) primarily due to its all out-campaign against major tax evaders. "The year 2017 is an extraordinary one for the BIR, owing ...

Book review | Carlos Bulosan--Revolutionary Filipino Writer in the United States: A Critical Appraisal
Bulatlat - 2017-12-29
It was during this period that San Juan published his pathbreaking book-length study titled Carlos Bulosan and the Imagination of the Class Struggle (Quezon City: University of the Philippines Press ... academy (an ideological state apparatus).

Democracy and a can of corned beef
Inquirer Opinion - 2017-12-28
Systemic failures make human life miserable. People starve ... Christopher Ryan Maboloc, PhD, is assistant professor of philosophy at Ateneo de Davao University and the author of "Ethics and Human Dignity."

Climate change cases predicted to make a legal splash in 2018
BusinessWorld Online - 2017-12-28
"There is a trend towards more litigation around climate change, and probably the lack of political action in the United States may increase that trend," said Sophie Marjanac, a London-based lawyer at nonprofit environmental law group ClientEarth.

Bukidnon 2018: Public Outlook: Bukidnon to zero in on poverty, economy
Mindanews - 2017-12-28
"Hoping prices of commodities will remain steady and tax exemptions for P20,000 a month income earners will be implemented in 2018," said computer shop owner Maria ... as one of the poorest provinces in the Philippines, but the richest," Molina ...

Lawmakers urge Senate to prioritize safer workplace bill
Philippine Daily Inquirer - 2017-12-28
Villanueva authored Senate Bill No. 1317 or "An Act Strengthening Compliance with Occupational Safety and Health Standards (OSHS) and Providing Penalties for Violations Thereof" which seeks to amend the 41-year-old Labor Code of the Philippines which ...

BIR posts 14.03% collection growth rate for November
Philippine Information Agency - 2017-12-28
MANILA, Dec. 28 - For the month of November 2017, the Bureau of Internal Revenue (BIR) collected P179.36 billion in tax revenues, P22.06 billion or 14.03 percent more than the collection of P157.29 billion for the same month in 2016. As against the goal ...

SC to hold memorial service for Justice Justo Torres Jr.
Philippine Daily Inquirer - 2017-12-27
A former associate justice of the Court of Appeals, Torres was the 11th justice appointed to the high court by former President Fidel Ramos, serving from March 11, 1996, until he reached the mandatory retirement age of 70 on Nov. 1, 1997. After his brief ...

Immigration nabs 5 Iranians for presenting forged passports
Philippine Daily Inquirer - 2017-12-27
Bureau of Immigration personnel at Ninoy Aquino International Airport (NAIA) apprehended last week five Iranian nationals, two of them minors, for allegedly pretending to be Spaniards and Belgians on their way to their connecting flight to London.

Inflation impact of tax package seen neutral
- 2017-12-27
Replacing the import quota on rice with a 35-percent tariff on the Filipino staple will offset the increase in inflation resulting from the first tax reform package, the Bangko Sentral ng Pilipinas said.

Greening a brown economy
Business Mirror - 2017-12-27
Typhoon Vinta and the deaths and devastations it visited on Mindanao remind us that the Philippines is facing two life-crippling ... and waterways and threatened ecosystems. The Visayas State University in the Visayas and the Haribon non-governmental ...

BIR reports 14 percent more collection in November
Business Mirror - 2017-12-27
The Bureau of Internal Revenue (BIR) collected P179.36 billion in tax revenues for the month of November, which was P22.06 billion, or 14.03 percent, more than the collection of only P157.29 billion for the same month last year. Revenue planners ...

Solons to SC: Why is martial extension longer than original declared period?
Philippine Daily Inquirer - 2017-12-27
This was the question posed by opposition lawmakers led by Albay Rep. Edcel Lagman as they asked the Supreme Court (SC) to declare "null and void" the year-long extension of martial law in Mindanao. According to the lawmakers, extending martial law in ...

DOLE urged to enforce stricter labor inspection following NCCC Mall blaze
Philstar - 2017-12-27
MANILA, Philippines -- A group of workers in the Business Process Outsourcing industry on Wednesday called for stronger labor enforcement and inspection in the wake of the fire incident in a mall in Davao City that claimed at least 37 lives. "Accidents ...

Violations of mall safety rules bared
Philippine Daily Inquirer - 2017-12-27
So I do not think that deserves a reply," the mayor said in a statement. SSI also came under fire from the moderate labor group, Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP), over the deaths of the 37 call center workers.

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