Korea overtakes US in youth unemployment
Philippine Daily Inquirer - 2019-07-28
SEJONG -- South Korea saw its youth unemployment rate reach 10.4 percent in June 2019, up more than 1 percentage point from 9 percent a year earlier. The number of jobless people aged between 15 ...

Is federalism the key to economic development and competitiveness?
philstar.com - 2019-07-28
While taxation and fiscal policy remain primarily a power of the Federal Government, the regional governments are also given power to generate sources of revenue and collect certain taxes already enumerated in the draft constitution and those that Congress ...

Duterte shutdown order stuns lottery operators
Philippine Daily Inquirer - 2019-07-27
MANILA, Philippines -- Marites, 47, woke up early on Saturday to collect the bets for Small Town Lottery (STL) in her neighborhood in Booy village in Tagbilaran, Bohol, where she has been working ...

Kentex fire survivor lauds SC decision on back wages
philstar.com - 2019-07-27
MANILA, Philippines -- A spokesperson for the survivors of the Kentex fire yesterday lauded the decision of the Supreme Court (SC) ordering the company to pay 57 workers P1.4 million in back wages. Ammied Rada, coordinator for the Justice for Kentex ...

17 Chinese with no work permits nabbed in Bukidnon
Philippine Daily Inquirer - 2019-07-27
CAGAYAN DE ORO CITY, Philippines - Seventeen Chinese nationals were arrested for lack of proper immigration documents in Barangay Poblacion, Valencia City, Bukidnon on July 25, police said Saturday.

Ombion: DILG should be good governance-oriented, not anti-insurgency agency
Sun Star - 2019-07-26
leaving them dependent on their Internal Revenue Allotment (IRA) and begging for project grants or loans. It is also a sad fact that most LGUs have ineffectively functioning Local Development Council (LDC), Local Special Bodies (LSBs), and other mechanisms ...

Supreme Court sides with Kentex workers, orders manager to pay laborers ?1.4M for unpaid wages
CNN Philippines - 2019-07-26
Metro Manila (CNN Philippines, July 26) -- The Supreme Court sided with workers of Kentex Manufacturing Corporation, ordering the footwear factory that was razed by a fire in 2015 to pay its ...

Upsetting key campaign promise, Duterte officially vetoes anti-endo bill
philstar.com - 2019-07-26
In a letter to the House of Representatives explaining his veto, Duterte said the proposed measure "unduly broadens the scope and definition of prohibited labor-only contracting." The current version of the bill places many businesses at a disadvantage ...

BIR loses bid to collect P9.57 billion in VAT from PSALM
BusinessMirror - 2019-07-25
THE Bureau of Internal Revenue (BIR) has lost its bid to collect P9.57 billion in value-added tax (VAT) it imposed on the Power Sector Assets and Liabilities Management Corp. (PSALM) for the sale ...

BIR struggles to cope with surge in TIN requirements for Pogo workers
Philippine Daily Inquirer - 2019-07-25
Philippine offshore gaming operators (Pogos) must withhold personal income taxes from all their foreign--mostly Chinese--workers even as the Bureau of Internal Revenue (BIR) has been having ...

Drilon, Marcos move to ban foreign waste
BusinessMirror - 2019-07-25
could also give rise to cases of violations of immigration and internal revenue/tax laws and regulations. "Neither can security concerns be avoided when a comprehensive directory of these legal ...

Higher tobacco excise tax signed into law
BusinessMirror - 2019-07-25
The bill submitted to the President for his signature also introduces taxation on electronic cigarettes (e-cigarettes), such as vapor and heated tobacco products, which are now becoming ...

DOF backs Neda as fate of SOT bill hangs
BusinessMirror - 2019-07-25
Pernia did not categorically state if he recommended that Duterte veto the SOT, as several local and foreign business groups want, but described the measure as "not perfect." Business groups ...

Panelo: No need for Congress in Duterte deal to unleash China on PH fishing areas
Philippine Daily Inquirer - 2019-07-25
"These are being achieved now," Panelo said. Panelo said "we also find it absurd" for Carpio-Morales, also a former Supreme Court justice, and Del Rosario "to argue that we have kept the ...

Duterte signs tobacco excise tax bill into law
philstar.com - 2019-07-25
MANILA, Philippines ?-- President Rodrigo Duterte Thursday signed into law the bill raising the excise tax on tobacco products to support the government's health care program, Malaca├▒ang said. Republic Act 11346 will hike tobacco excise tax rates and ...

Marriage migrants often at mercy of Korean husbands
Philippine Daily Inquirer - 2019-07-25
Under the Immigration Control Act, migrant women who are no longer married can only extend their stay in Korea if their husbands die or go missing, or if they can prove that they were not ...

Facebook warns of costly privacy changes, discloses another US probe
InterAksyon - 2019-07-25
Excluding the settlement and a $1.1 billion one-time tax expense, earnings would have been $1.99 per share, Facebook said. The expectations for its ad business and cost forecasts could hurt profit margins, particularly in the fourth quarter, Facebook said.

Why Hong Kong's young protesters feel they're running out of time in fight for democracy
CNN Philippines - 2019-07-25
Unlike many millennial Hong Kongers -- whose parents moved abroad in the years running up to handover, taking advantage of generous immigration laws within the British Commonwealth to get their children foreign passports -- they also have no way out.

Carpio: Duterte-Xi fishing deal can be questioned before SC
CNN Philippines - 2019-07-25
The constitutionality of the supposed fishing deal between President Rodrigo Duterte and Chinese President Xi Jinping can be assailed before the Supreme Court (SC), Senior Associate Justice ...

Exempt newly-hired OFW from immediate SSS payment-DOLE
BusinessMirror - 2019-07-24
An OEC is a document issued by the Philippine Overseas Employment Administration (POEA) to allow a Filipino to work abroad. "We will issue the OEC with the condition that three months after the ...

Economic chaos: 2020
BusinessMirror - 2019-07-24
The American Revolution was not about freedom; it was about "no taxation without representation." Even in "good" economic times, if the people feel that they are being cheated by their ...

Fuel marking system seen in place by Q4
Philippine Daily Inquirer - 2019-07-23
After almost two years of delay, the implementation of the fuel marking program will be in full swing by the fourth quarter as the service provider is now preparing the necessary testing facilities.

Duterte urged to convene Ledac to update common agenda
BusinessMirror - 2019-07-23
and the Philippine Health Insurance Corp. (PhilHealth); the delivery of better frontline services by the Social Security System (SSS), Bureau of Internal Revenue (BIR), Land Registration Authority ...

Senate ready to hear arguments of Trabaho bill critics-Sotto
BusinessMirror - 2019-07-23
bill to cut down to 20 percent the existing 30-percent corporate tax rates and rationalize fiscal incentives. But Senate President Vicente Sotto III suggested that Trabaho bill critics first wait ...

DOLE: Draft bill creating OFW department has been submitted to Malaca├▒ang
BusinessMirror - 2019-07-23
In his recommendation, Bello suggested integrating the Philippine Overseas Employment Administration (POEA), Overseas Workers Welfare Administration (OWWA), National Reintegration Center for OFWs ...

JLL reveals Philippine property market will remain vigorous for the second half of 2019
Philippine Daily Inquirer - 2019-07-23
A total of 36,500 square meters were taken up in Q2 2019 with the biggest share being in Cebu City at 51%. Demand drivers are Online Gaming in Lapu-Lapu City and ESL schools in Cebu. Cebu has ...

SONA 2019 briefer: Things Duterte said about China, South China Sea
InterAksyon - 2019-07-23
Responding to the SONA, Supreme Court Senior Associate Justice Antonio Carpio stressed that traditional fishing "applies only in the territorial sea and archipelagic waters." "There is no traditional fishing in the EEZ. This is very clear in the ...

DOLE holds Kabuhayan program orientation for PWDs
Philippine Daily Inquirer - 2019-07-23
will have the opportunity to become beneficiaries of the Kabuhayan program of the Department of Labor and Employment (DOLE) Central Visayas regional office. DOLE-7 conducted an orientation for 43 ...

Trump expands fast-track deportation authority across US
Philippine Daily Inquirer - 2019-07-22
SAN DIEGO - The administration of President Donald Trump announced Monday that it will vastly expand the authority of immigration officers to deport migrants without allowing them to first ...

Puerto Ricans launch a massive strike, refusing to back down until Gov. Ricardo Rossell├│ resigns
CNN Philippines - 2019-07-22
A trial would be presided over by the head of the Supreme Court, with the senators as jurors. A two-thirds vote is needed in both chambers for an impeachment to be carried out. Not everyone wants the governor to resign Former Senate Vice President Orlando ...

Do you have an integrity compliance framework?
BusinessMirror - 2019-07-22
"WE firmly believe that the sustainability of our business operations can only be achieved by adopting high ethical standards and promoting a culture of integrity. Our top management internally ...

Duterte pushes reforms, rails vs graft
BusinessWorld - 2019-07-22
PRESIDENT Rodrigo R. Duterte on Monday asked lawmakers to pass more tax reforms starting with a proposal to cut corporate income tax, overhaul fiscal incentives given out to companies and further increase tobacco and alcohol excise tax rates. In his yearly ...

Government sets guidelines on LGU fees, charges
philstar.com - 2019-07-22
MANILA, Philippines -- The Department of Finance (DOF) and the Department of Interior and Local Government (DILG) have issued a joint circular to ensure that local government units (LGUs) charge reasonable fees and charges for services they offer to the ...

Delayed start, long speech, singing President
philstar.com - 2019-07-22
MANILA, Philippines -- He was over an hour late, and his speech ran much longer than he promised. Due to bad weather, President Duterte arrived more than an hour late for his fourth State of the Nation Address (SONA) at the Batasan complex yesterday ...

Fiscal deficit narrows to P42.6 B in H1
philstar.com - 2019-07-22
The Treasury said P1.38 trillion of the amount was generated through tax collections. In particular, the Bureau of Internal Revenue (BIR) generated P1.066 trillion in revenue in the first half, 10.56 percent higher than the P964.5 billion recorded a year ago.

SC declares valid 2014 SSS premium pay hike
Philippine Daily Inquirer - 2019-07-22
MANILA, Philippines - The Supreme Court affirmed the January 2014 0.6-percent increase in the monthly premiums for Social Security System (SSS) members. In the decision written by Associate ...

Duterte urges Congress to pass Trabaho bill
Philippine Daily Inquirer - 2019-07-22
MANILA, Philippines -- President Rodrigo Duterte on Monday called on Congress, during his fourth State of the Nation Address, to pass the second tranche of his planned tax system overhaul.

A monumental slip of the tongue
BusinessWorld - 2019-07-22
Chief Justice Lucas Bersamin may go down in history in the same vein. Oscar P. Lagman, Jr. is a retired corporate executive, business consultant, and management professor. He has been a politicized citizen since his college days in the late 1950s.

Dark skies in the horizon: Growth seen falling below 6%
Philippine Daily Inquirer - 2019-07-22
The need to narrow the budget deficit prompted a slowdown in government spending in the first six months of 2019, risking slower economic growth, estimated to fall below 6 percent, in the second ...

Ferdinand Gaite, from union to lawmaking
Bulatlat - 2019-07-22
In all those years, he became very active in union organizing and in pushing for meaningful reforms not just with OWWA employees but also with other government employees unions they were working hand-in-hand with under the then newly-established ...

Deployment of workers to Libya still suspended
BusinessMirror - 2019-07-22
The Philippine Overseas Employment Administration (POEA) has also informed the Philippine Embassy that it has not issued any approval to any individual or agency in the Philippines and in Libya to ...

Duterte told to roll out better farm policies
BusinessMirror - 2019-07-22
To keep up with the Fourth Industrial Revolution, Chikiamco said, government must consider amending the Labor Code. "Artificial intelligence and other digital technologies will disrupt many ...

US-China trade row to slash PH growth to 6%
Philippine Daily Inquirer - 2019-07-22
Although remittances slowed in April, a rock-solid US labor market should have kept remittances afloat in May and June, while cooling inflation likely boosted consumer spending in the second ...

Pinoy workers stage more strikes in Jan-May
BusinessMirror - 2019-07-22
Labor groups march along Espa├▒a Street in Manila in this 2018 BusinessMirror file photo. The incidents of labor strikes jumped in the first five months of the year and the number could continue ...

All pending tax reform bills already filed in 18th Congress
Philippine Daily Inquirer - 2019-07-21
package three reforming the property valuation system and package four on capital income taxation. During its first three years in office, the Duterte administration managed to pass two packages ...

IT-BPM industry reaps the rewards; Now to gear up for new technology
BusinessWorld - 2019-07-21
ONE of the fastest-rising sectors in the Philippines, the information technology and business process management (IT-BPM) industry has reaped the rewards of growing demand for IT and other services. With business process outsourcing (BPO) thriving ...

Industry 4.0 and inequality: What could possibly go wrong?
BusinessWorld - 2019-07-21
Automated banking help lines are the least of its problems; hundreds of thousands of back office jobs hang in the balance while AI starts to be applied to skilled white-collar tasks like credit analysis, legal and accounting functions, and regulatory ...

Filipinos among 23 crew members of oil tanker seized by Iran
Philippine Daily Inquirer - 2019-07-21
Filipino seafarers were among the 23 crew members aboard the British-flagged oil tanker seized by Iran Friday in the Strait of Hormuz for allegedly violating international laws. There were no ...

Some asylum seekers forced to wait in Mexico help each other
Philippine Daily Inquirer - 2019-07-21
For the few who get an interview, the U.S. government still forces many to wait in Mexico while their immigration cases wind through court, which can take years. The fate of those seeking asylum ...

New Greek PM emphasizes tax cuts, jobs, security
Philippine Daily Inquirer - 2019-07-20
ATHENS, Greece - New Greek Prime Minister Kyriakos Mitsotakis said Saturday that cutting taxes, attracting jobs and tackling rising crime will be his top priorities. Mitsotakis announced he ...

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