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 ...

Vico steps into labor row, backs workers against firm
Philippine Daily Inquirer - 2019-11-17
"These people are not criminals; they do not have the goal of hurting you," Sotto said. "You can continue with the labor dispute without sending the poor and powerless to jail. I condemn the misuse of your privileged position to suppress the rights of your protesting workers." He himself acknowledged the unprecedented nature of ...

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.

Philip Morris to launch IQOS in Philippines next year - 2019-11-17
MANILA, Philippines -- Cigarette manufacturer Philip Morris Fortune Tobacco Corp. (PMFTC) is eyeing to launch its heat-not-burn tobacco device, IQOS, in the Philippines as early as the first half of next year even as it faces the possibility of a higher tax environment for electronic cigarette products. In an interview on the sidelines of the ...

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 ...

Understanding real property taxation
Philippine Daily Inquirer - 2019-11-15
and shall assess the property for taxation in accordance with the Local Government Code. Meanwhile, all persons acquiring real property or making improvements therein shall prepare and file with ...

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 ...

Mother-daughter meme warns Pinoys vs illegal recruiters
Philippine Daily Inquirer - 2019-11-15
MANILA, Philippines - The Philippine Embassy in Iraq on Friday became creative by using a "mother-daughter" internet meme to caution Filipinos against illegal recruiters abroad. In a Facebook post, the embassy posted a meme that features a cartoon mother who became puzzled after her daughter went home early. "Anak, Bakit bumalik ka?

36 Japanese nationals arrested in Makati for telecom fraud
CNN Philippines - 2019-11-15
Metro Manila (CNN Philippines, November 15) -- The Bureau of Immigration is set to deport 36 Japanese nationals who were caught engaging in voice phishing operations in Makati City. The BI in a statement on Friday said the foreigners were arrested in a hotel on Wednesday. Authorities conducted the raid targeting fugitives Nobuki Oshita ...

36 Japanese nationals linked to telco scam arrested
Philippine Daily Inquirer - 2019-11-15
MANILA, Philippines - Thirty-six Japanese nationals involved in a telecommunications scam were arrested in Makati City, the Bureau of Immigration (BI) reported Friday. BI Commissioner Jaime Morente said the Japanese nationals were arrested in a hotel in Makati City last Wednesday after receiving information from Japanese authorities that a ...

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 ...

DBM releases P3.542 trillion of 2019 budget
BusinessMirror - 2019-11-14
Automatic appropriations are those programmed annually or for some other period prescribed by law. Automatic appropriations comprise 100 percent of the fiscal year 2019 program for the Internal Revenue Allotment of local government units (P575.521 billion), Pension of Ex-President/Ex-President Widows (P480,000), Special Account in the General ...

DOF sees no need to amend rice tariff law - 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 MalacaƱang 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 ...

Senate unlikely to pass bill creating OFW department this year
BusinessMirror - 2019-11-14
Overseas Filipino workers (OFWs) process their documents at the office of the Philippine Overseas Employment Administration in Mandaluyong City. Senator Aquilino "Koko" Pimentel III said the proposed bill creating a new department for overseas Filipino workers (OFWs) is unlikely to be passed within the year due to lack of time. "

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.

CHR to govt: Review labor pact with other countries amid alleged rape case in Jeddah
Philippine Daily Inquirer - 2019-11-14
MANILA, Philippines--The Commission on Human Rights (CHR) has urged the government to revisit its labor agreements with other countries after three female Overseas Filipino workers (OFWs) were reportedly raped by their employer in Jeddah. In a statement Thursday, the CHR said the government must ensure it will only deploy OFWs to countries ...

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 ...

Immigration deports over 300 foreign nationals
CNN Philippines - 2019-11-14
Metro Manila (CNN Philippines, November 14) -- The Bureau of Immigration started deporting more than 300 foreign nationals -- mostly Chinese nationals -- on Thursday. The first batch was sent out in a chartered China Eastern flight to China. The last two batches will leave the country on Thursday night. The deported nationals are part of the ...

Kidnapped Pinoy sailors identified
Philippine Daily Inquirer - 2019-11-13
MANILA, Philippines -- The government has identified the 11 Filipino seafarers kidnapped in two separate incidents in West Africa last week and have notified their next of kin, Labor Secretary Silvestre Bello III said, adding that the government had been advised to keep their identities confidential. There was proof of life but no ransom ...

Early action on 2019 budget law validity extension vital
BusinessMirror - 2019-11-13
Imee Marcos jointly filed. He said that "in light of a Supreme Court ruling on the case filed by the Ang Nars Party-list regarding the upward adjustment in the salary grade for entry level nurses, this made it necessary to file a bill for the extension of the validity of the 2019 national budget in place of the resolution." Stressing the ...

POEA limits types of OFW allowed in Libya
BusinessMirror - 2019-11-13
AMID the ongoing civil war in Libya, the Philippine Overseas Employment Administration (POEA) has further limited the categories of overseas Filipino workers (OFW) allowed to work in the African state. POEA Administrator Bernard P. Olalia on Tuesday issued Memorandum Circular (MC) 13, Series of 2019 "clarifying" the provisions of MC 10.

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 ...

What you need to know about the US Tax ID Number or ITIN
BusinessWorld - 2019-11-13
Take, for instance, those Filipinos who acquire properties in the US for personal investment, or business purposes. The transaction generally triggers tax reporting obligations with the IRS when these properties are sold or rented out. Therefore, even if Filipinos remain outside of the US and are classified as nonresidents, they are still ...

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 ...

Solon urges offices: Enforce 4-day workweek in December
Philippine Daily Inquirer - 2019-11-13
Government agencies located along Edsa like the Bureau of Internal Revenue (BIR) in Caloocan City and Philippine Overseas Employment and Administration (POEA) should consider implementing the four-day workweek scheme, Abante added. The House leader cited Microsoft as an example of private firms that implemented a four-day workweek scheme ...

Smuggling, hoarding in DOF crosshair amid rice imports
Philippine Daily Inquirer - 2019-11-13
The government is shoring up tariff collections from a surge in rice imports while looking into possible hoarding and smuggling amid falling retail prices, according to Finance Secretary Carlos G.

DSWD, partner agencies surprise elderly persons with gifts
Gov - 2019-11-13
The DSWD led the RIAC-SC, with other government agencies such as the DOH, Philippine Health (Philhealth) Insurance Corporation, Philippine National Police (PNP), Bureau of Jail Management and Penology (BJMP), Bureau of Internal Revenue (BIR), Department of Trade and Industry (DTI), Philippine Information Agency (PIA), Office of the Senior ...

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 ...

MalacaƱang concerned over kidnapping of Filipinos in West Africa
Philippine Daily Inquirer - 2019-11-12
MANILA, Philippines--MalacaƱang has expressed concern over the kidnapping of 11 Filipino sailors in separate incidents in waters off the West African nations of Togo and Benin. "We are ...

Bill seeking to extend validity of 2019 budget filed at Senate
Philippine Daily Inquirer - 2019-11-12
READ: House refiles as bill measure extending 2019 budget validity Ungab explained that the resolution had to be refiled to comply with a recent Supreme Court ruling stating that "a mere resolution cannot amend or repeal a prior law which is an act of Congress."

Immigration agents nab alleged Italian pedophile in Davao City
Philippine Daily Inquirer - 2019-11-12
MANILA, Philippines -- Government agents have intercepted an alleged Italian pedophile at the Davao International Airport, authorities said Tuesday. Bureau of Immigration (BI) Acting Intelligence Chief Fortunato Manahan Jr., in a report to BI Commissioner Jaime Morente, said 57-year-old Lorenzo Marchesi was arrested last November 8.

QC to establish business centers in 3 malls
Philippine Daily Inquirer - 2019-11-12
Belmonte noted that business centers will accept real property tax assessment and payments and local business tax payments. The QC mayor said establishing more kiosks in malls will allow business owners to have an accessible way of managing their business. "We are pursuing the installation of payment kiosks in strategic places with heavy foot ...

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