PE Firms Pay $3.55B For Thomson Reuters' IP, Science Unit
Law 360 - 2016-07-11
Law360, New York (July 11, 2016, 12:12 PM ET) -- Thomson Reuters Corp. has agreed to sell its intellectual property and science unit to private equity funds controlled by Onex Corp. and Baring Private Equity Asia in a deal worth $3.55 billion, the ...

Unemployment and demographic sweet spot
BusinessMirror. - 2016-07-11
Mapa lists the dividends from a demographic sweet spot as, firstly, higher per capita income due to higher productivity as a large percentage of the population enter the labor force, which allows the government to shift spending from education and health ...

Second Circuit In Vimeo Narrows The Red Flag Knowledge and Willful Blindness Exceptions To DMCA Safe Harbors
JD Supra - 2016-07-11
Id., at 9-13. As the Court explained, because Congress wanted to encourage the expansion of the speed and capacity of the Internet and because internet service providers ("ISPs") could be subject to copyright infringement liability for actions taken by ...

Asian shares rise on Wall Street gain on upbeat jobs report
Manila Bulletin - 2016-07-11
U.S. JOBS: Markets were cheered by a strong June job report out of the U.S. that sent Wall Street to nearly record highs. The Labor Department said U.S. employers added 287,000 jobs last month. That was far more than analysts expected, and after weak ...

Reversal of $200-million drug patent verdict offers hard lessons for technology collaborators
Lexology - 2016-07-10
The value of start-up companies often hinges on their intellectual property and on the commercialization of novel technology, often in partnerships with established players. But collaborative arrangements involving critical technology are fraught with ...

Solon fears OFWs convicted abroad will also be killed
Philippine Daily Inquirer - 2016-07-10
These were Saudi Arabia, United Arab Emirates, Singapore, Qatar, Kuwait, Taiwan, Malaysia and Bahrain, Atienza said, citing data from the Philippine Overseas Employment Administration (POEA). The other top two destinations for OFWs--Canada and Hong Kong ...

Biz Buzz: Costly computer glitch
Inquirer - 2016-07-10
For some strange reason, company insiders say the computer software used to encode daily forex transactions erroneously reported that businessman Antonio Tiu, president and CEO of listed firm AgriNurture Inc., bought $20 million instead of $20,000 in an ...

Villar files bill to lower income tax of Filipino workers
news.pia.gov.ph - 2016-07-10
MANILA, July 11 - Sen. Cynthia Villar filed a bill that seeks to adjust the income brackets of tax imposed on taxable income of Filipino workers. "To ease the burden of our Filipino workers, and for our country to be at par with regional standards and to ...

Brexit, the opportunities it brings and the accountant
BusinessMirror. - 2016-07-10
Jurisdictional laws, rules and regulations on trade and commerce, especially taxation, as well as migration, will be affected. Going back to what they were before joining the EU (more than four decades ago) is not feasible. The cost of doing business in ...

117 Immigration officials, employees tested for drugs yield negative results
Manila Bulletin - 2016-07-10
The Bureau of Immigration (BI) became the first civilian government agency after the Philippine National Police (PNP) and Philippine Army (PA) conduct a drug test on its employees and all of them tested negative. According to the PNP crime laboratory, all ...

117 Immigration officials, employees tested for drugs yield negative results
Manila Bulletin - 2016-07-10
The Bureau of Immigration (BI) became the first civilian government agency after the Philippine National Police (PNP) and Philippine Army (PA) conduct a drug test on its employees and all of them tested negative. According to the PNP crime laboratory, all ...

Australian leader claims election win, but questions remain
Manila Bulletin - 2016-07-10
Though millions of votes still need to be counted, there was no way for the opposition center-left Labor Party to win a majority of seats in the House of Representatives, where parties form governments. That prompted opposition leader Bill Shorten to ...

Australia Labor Party admits defeat
MSN - 2016-07-10
Australia's opposition Labor Party conceded defeat in the federal election on Sunday, clearing the way for Prime Minister Malcolm Turnbull to retain power. Paul Chapman reports.

Reviving death penalty risks OFWs on death row - lawmaker
Rappler - 2016-07-10
Malaysia is one of the top 10 destinations of OFWs, based on data from the Philippine Overseas Employment Administration. Other top OFW destinations include Saudi Arabia, the United Arab Emirates, Singapore, Qatar, Hong Kong, Kuwait, Taiwan, Bahrain and ...

Death penalty revival would put many OFWs at risk: Buhay partylist Rep. Atienza
interaksyon.com - 2016-07-10
The top 10 foreign destinations of deployed land-land based OFWs are Saudi Arabia, the United Arab Emirates, Singapore, Qatar, Hong Kong, Kuwait, Taiwan, Malaysia, Bahrain, and Canada, according to the Philippine Overseas Employment Administration.

Immigration to monitor movement of 5 police generals
MSN - 2016-07-10
MANILA -- The Bureau of Immigration (BI) will be monitoring the movement of five Philippine National Police (PNP) generals identified by President Rodrigo Duterte as having links to the illegal drugs trade, in case they attempt to leave country. Lawyer ...

Naming generals akin to killing them--running priest
Philippine Daily Inquirer - 2016-07-09
But Justice Secretary Vitaliano Aguirre II on Saturday said the five may be placed in the immigration lookout bulletin order so any travel may be monitored. "These police generals will be placed under immigration lookout because President Duterte ...

U.S. economy rebounds with June hiring surge of 287,000
BusinessMirror. - 2016-07-09
WASHINGTON--The strong rebound in hiring last month, after almost zero new jobs were added in May, allayed worries that the long recovery in the labor market and the economy was coming to an abrupt end. "We can all breathe a big sigh of relief," said ...

US stocks climb on strong June jobs report; banks rise
Inquirer - 2016-07-09
The Nasdaq composite advanced 65 points, or 1.3 percent, to 4,941. US JOBS RELIEF: Employers added 287,000 jobs in June, according to a Labor Department report. The unemployment rate rose slightly as more people looked for work, and there was evidence that ...

PHL ends redeployment ban to South Sudan
MSN - 2016-07-09
However, the deployment of newly hired OFWs to the African country remains on hold, according to the Philippine Overseas Employment Administration (POEA) in its Governing Board Resolution 11. The resolution only permits the reentry of Filipino workers in ...

Immigration to monitor movement of five PNP generals
Manila Bulletin - 2016-07-08
MANILA, July 8 (PNA) -- The Bureau of Immigration (BI) will be monitoring the movement of the five Philippine National Police (PNP) generals identified by President Rodrigo Duterte as having links to the illegal drugs trade, in case they attempt to leave ...

Scholarship aids immigrants barred from top state schools
BusinessMirror. - 2016-07-08
That law and the scholarship program have been criticized by several groups that support stricter immigration laws. Elise Marciano, president of the Danbury-based United States Citizens for Immigration Law Enforcement, said the students have "no business ...

Immigration employees test negative for drugs
Philippine Daily Inquirer - 2016-07-08
All 117 employees from the Bureau of Immigration who underwent a surprise drug test were found negative of any drug traces, according to the Philippine National Police (PNP) Crime Laboratory thru Police Sr Inspector Aileen Yagono. The 117 Immigration ...

BI chief joins peeing into cups
Philippine Daily Inquirer - 2016-07-07
OVER 100 employees of the Bureau of Immigration (BI) underwent a surprise drug test on Thursday. A total of 117 BI employees, along with new Commissioner Jaime Morente, submitted their urine samples to police officers conducting the testing. Heads of ...

VAT exemptions up for DOF review
Manila Bulletin - 2016-07-07
But along with the abolition of VAT exemptions, the DOF will push for the reduction of individual and corporate tax rates as well as indexation of the almost two-decades-tax brackets to inflation. "The new administration will definitely review the tax ...

BRIEF-S&P Global says A.M. Best Company and SNL Financial have reached settlement of copyright infringement lawsuit
MSN - 2016-07-07
* A.M. Best Company, Inc and S&P Global's unit, SNL Financial LC have reached an amicable settlement of copyright infringement lawsuit

POEA requires placement agencies to put up a special fund for household workers
Manila Bulletin - 2016-07-07
Distressed Filipino household service workers abroad are now assured of additional financial aid after the Philippine Overseas Employment Administration (POEA) recently made it mandatory for their foreign placement agencies (FPA) to put up a special fund ...

POEA requires placement agencies to put up a special fund for household workers
Manila Bulletin - 2016-07-07
Distressed Filipino household service workers abroad are now assured of additional financial aid after the Philippine Overseas Employment Administration (POEA) recently made it mandatory for their foreign placement agencies (FPA) to put up a special fund ...

CoreLogic Beats Copyright Suit Over Real Estate Photo Info
Law 360 - 2016-07-07
Law360, New York (July 6, 2016, 9:05 PM ET) -- CoreLogic beat class action litigation that claimed the real estate research firm improperly altered property photos and removed information meant to curb copyright infringement as a California federal judge ...

VAT exemption for SMEs eyed
Manila Bulletin - 2016-07-06
Aquino also stressed the measure promotes simpler taxation to ease the burden of SMEs in the Philippines which ranks 126th out of 189 economies in the Ease of Paying Taxes report of the World Bank. "This must change, which is why we are asserting the ...

VAT exemption for SMEs eyed
Manila Bulletin - 2016-07-06
Aquino also stressed the measure promotes simpler taxation to ease the burden of SMEs in the Philippines which ranks 126th out of 189 economies in the Ease of Paying Taxes report of the World Bank. "This must change, which is why we are asserting the ...

Bam Aquino pushes VAT exemption, lower income tax for small businesses
Manila Bulletin - 2016-07-06
Aquino also stressed the measure promotes simpler taxation to ease the burden of SMEs in the Philippines which ranks 126 th out of 189 economies in the Ease of Paying Taxes report of the World Bank. "This must change, which is why we are asserting the ...

Bam Aquino pushes VAT exemption, lower income tax for small businesses
Manila Bulletin - 2016-07-06
Aquino also stressed the measure promotes simpler taxation to ease the burden of SMEs in the Philippines which ranks 126 th out of 189 economies in the Ease of Paying Taxes report of the World Bank. "This must change, which is why we are asserting the ...

POEA orders OFWs in Pakistan, Afghanistan to receive anti-polio vaccines
interaksyon.com - 2016-07-06
MANILA, Philippines -- The Philippine Overseas Employment Administration (POEA) directed workers and recruitment agencies to ensure that the required vaccination against poliovirus is met amidst widespread occurrences of the virus in Pakistan and Afghanistan.

McDonald's wins EU 'MacCoffee' trademark dispute
Economic Times - 2016-07-05
The ruling by the Luxembourg-based General Court came after Singapore firm Future Enterprises challenged the European Union Intellectual Property Office's rejection of its application to register 'MACCOFFEE' as an EU trade mark for foodstuffs and beverages.

Enhanced service delivery
BusinessMirror. - 2016-07-05
From only 14 locations in 2010, including the Philippine Overseas Employment Administration office, there are now a total of 22 foreign ROs as of 2015, with the addition of eight locations, namely, Kuala Lumpur (Malaysia) and Dubai in 2012; Macau and ...

Brexit and Intellectual Property
Lexology - 2016-07-05
The decision of the United Kingdom (UK) to leave the European Union (EU) has left many Intellectual Property (IP) owners to wonder what will happen with their UK trade mark, patent and design rights. Many Australian businesses and individuals with ...

Intellectual Property And The Patent Box
Mondaq - 2016-07-05
The UK Government has been keen to improve the UK's competitiveness in the high-tech arena. Companies have been able to elect to enter the Patent Box regime since 1 April 2013. Any company within the charge to UK corporation tax with income from patents ...

BI employees warned vs involvement in corruption
Manila Bulletin - 2016-07-05
Rank and file employees of the Bureau of Immigration (BI) have been warned against involvement in corruption, or newly-installed Immigration Commissioner Jaime Morente will make sure that they will pay for it. In a strongly worded message to BI employees ...

Diokno: 2016 budget deficit likely over 2% of GDP on slower revenues
Inquirer - 2016-07-05
READ: Incoming finance chief: Duterte admin plans to lower tax rates Diokno noted that the proposal to cut personal income tax rates would result into foregone revenues, while the plan to slash corporate income tax is seen revenue-neutral.

The real deal with fakes
Manila Bulletin - 2016-07-05
Most seized counterfeit products overseas are traced back to China. And while an increasing number of counterfeit products are sold every year, the manufacturers and brands that sell them on the other hand stand to lose more profit and jobs. Unfortunately ...

The real deal with fakes
Manila Bulletin - 2016-07-04
Most seized counterfeit products overseas are traced back to China. And while an increasing number of counterfeit products are sold every year, the manufacturers and brands that sell them on the other hand stand to lose more profit and jobs. Unfortunately ...

IPOPhl destroys fake items worth P3b
thestandard.com.ph - 2016-07-04
The Intellectual Property Office of the Philippines said Monday it led the destruction of P2.8 billion worth of counterfeit products at Camp Crame in Quezon City. IPOPhl deputy director Allan Gepty said the destruction of the items indicated that the ...

US firm files copyright infringement case against 63 Moons Technologies
Economic Times - 2016-07-04
MUMBAI: US-based Modulus Financial Engineering Inc has filed a suit against 63 Moons Technologies Ltd at the Bombay High Court alleging infringement of copyright of its software, a charge denied by the latter. 63 Moons Technologies (formerly Financial ...

Chasing structures from the past
Inquirer Lifestyle - 2016-07-04
One of the most important bridges is Puente Malagonlong in Tayabas, Quezon. The 136-meter length makes it the longest bridge built by Filipino forced labor in 1840, and inaugurated in 1850. It has been declared a National Cultural Treasure by National ...

Mindanao infra projects need billion-peso funding
BusinessMirror. - 2016-07-04
The cost for the other 22 projects is still being estimated. The most expensive project for Mindanao is the P13.68 billion worth Labor-based road rehabilitation and maintenance technology for farm-to-market roads (FMRs). The project will be implemented in ...

Govt seized P2.8 billion worth of fake goods from January to May
BusinessMirror. - 2016-07-04
THE National Committee on Intellectual Property Rights (NCIPR), led by Intellectual Property Office of the Philippines (IPOPHL), has confiscated some P2.82 billion worth of counterfeit goods from January to May this year. The bulk of the value of seized ...

7,000-strong IWS workers appeal to Bello
Manila Bulletin - 2016-07-04
Tarlac City -- The president of the 7,000-strong workers union of International Wiring System (IWS) appealed yesterday to newly designated Department of Labor and Employment Secretary Silvestre Bello, III to intervene in their labor problem as they ...

Tax amnesty today, tax reform tomorrow
Inquirer - 2016-07-03
In fact, first among the top 10 recommendations of the business leaders was the adoption of a comprehensive tax reform package, which includes lowering both individual and corporate income tax to 25 percent, which is the average income tax rate among ...

Bill seeks to abolish contractual employment scheme
Manila Bulletin - 2016-07-03
During the campaign period, President Duterte vowed to abolish the contractualization scheme, which he described as unfair labor practice and tool of exploitation against the working class. Casilao said contractualization is not a mere short-term tactic to ...