City Government of Marikina taps Bayad Center to provide convenience for MarikeƱos
Philippine Daily Inquirer - 5 months ago
Marikina City residents will soon have the option of paying their business permit, real property tax and more, with payment machines to be located inside the City Hall of Marikina and several ...

Graduated corporate income tax pushed
BusinessMirror - 5 months ago
INSTEAD of applying a flat corporate income tax (CIT) rate, the government should implement a fiscal system that makes a distinction between small and large firms similar to what Southeast Asian economies are doing, exporters said last Friday. Philippine Exporters Confederation Inc. (Philexport) Trustee for the Chemicals Sector Oscar A.

Agri agency offers loans to displaced OFWs
Philippine Daily Inquirer - 5 months ago
Returning overseas Filipino workers (OFWs) displaced by the conflict in the Middle East may avail themselves of loans from the Department of Agriculture (DA) to finance alternative means of livelihood. In a statement to the press, DA said it was willing to provide emergency loan assistance at zero interest worth P25,000 each to returning OFWs ...

NBI autopsy report on Villavende spurs more anger vs Kuwait
BusinessMirror - 5 months ago
The Philippine Overseas Employment Administration (POEA) issued a partial deployment ban to Kuwait, which covers newly hired HSWs, as part of the government efforts to pressure the Kuwaiti government to immediately hold accountable those responsible for killing Villavende. In an SMS, POEA Administrator Bernard P. Olalia told the BusinessMirror ...

Chief Justice Peralta suspends work in NCR courts after Taal ash explosion
Philippine Daily Inquirer - 5 months ago
MANILA, Philippines -- Chief Justice Diosdado Peralta has ordered the suspension of work in all courts in the National Capital Judicial Region (NCJR) on Monday, Jan. 13, following the phreatic eruption of the Taal Volcano on Sunday. In an advisory on Twitter, the Supreme Court said Peralta ordered the suspension of work in Metro Manila courts ...

Venezuela East?
BusinessWorld - 5 months ago
If it only intimidates as it trifles with the rule of law, it will be rebuffed. Recall that our own Supreme Court in 2015 reaffirmed with finality the 2014 Philippine court of appeals decision, following government defeats in arbitral courts, that the Philippine government indemnify Piatco, the contractor for NAIA Terminal 3, the full amount ($ ...

Foreign investments plunge 33% in 10 months, says BSP
philstar.com - 5 months ago
He added the most immediate priority is to pass Package 2 or the proposed Comprehensive Income Tax and Incentive Rationalization Act (CITIRA) that aims to lower corporate income tax rates to 20 percent from 30 percent while reducing fiscal incentives granted to corporations. "Package 2 is a revenue-neutral proposal, but uncertainty regarding ...

SEC files criminal raps vs Kapa group over get-rich-quick scheme
BusinessMirror - 5 months ago
Section 28 states that no person shall engage in the business of buying or selling securities in the Philippines as a broker or dealer, or act as a salesman, or an associated person of any broker, or dealer, unless registered with the SEC. The DOJ also indicted Marisol S. Diaz, Adelfa Fernandico, Moises Mopia and Reniones D. Catubigan for ...

Philexport supports graduated corporate income tax
philstar.com - 5 months ago
MANILA, Philippines -- The Philippine Exporters Confederation Inc. (Philexport) is pushing for a graduated corporate income tax (CIT) system, saying this will be a game changer for micro, small and medium enterprises (MSMEs). Oscar Barrera, trustee for the chemicals sector of Philexport, said the implementation of a graduated CIT system would ...

Opinion Roundup: Pre-K funding; candidate vulnerability; contract timing; SpaceX and more
WRAL - 5 months ago
The families of those troops will now be eligible for financial and legal assistance from the state -- including tax breaks, extra time off work ... and what has the biggest impact on the local economy, economists and business execs seem to agree that it comes down to one thing: talent. As far as he sees it, he said, his number one job as ...

180 foreigners banned in 2019 for rude behavior -- immigration
Philippine Daily Inquirer - 5 months ago
MANILA, Philippines -- Some 180 foreigners were blacklisted and banned from entering the country in 2019 for showing rude behavior to immigration officers, the Bureau of Immigration (BI) said Friday. Out of the 180 foreigners, 63 of them were Chinese nationals, said the BI. The BI said that statistics from their airport operations section ...

Philippines limits evacuation plans as US-Iran tensions ease
Philippine Daily Inquirer - 2020-01-09
The management of Naia said it would provide holding areas for the processing and briefing of the evacuees. The Bureau of Immigration, too, said it was bracing for an influx of Filipino workers fleeing the Middle East. "I have directed our port operations division to see to it that adequate manpower is available to [handle] a possible upsurge ...

Cases filed against Kapa, ??its founders and officers
Philippine Daily Inquirer - 2020-01-09
The Department of Justice (DOJ) has filed charges against Kapa-Community Ministry International (Kapa), its founder and officers in various courts after being tagged by the Securities and Exchange Commission (SEC) as a perpetrator of investment fraud. Kapa has been accused of perpetrating a Ponzi scheme, an investment program that offers ...

SEC warns against investing in Inochi rewards scheme
BusinessWorld - 2020-01-09
To attain membership, individuals are asked to buy a product package, from which they are told they would earn rewards points monthly for up to 12 months, depending on the business value of their chosen product package. Members then expect to earn 10% from referrals, as well as overriding commissions for repeat purchases from other members in ...

Samsung sets up anti-corruption panel as chief faces trials
BusinessWorld - 2020-01-09
But this is not the case at Korean companies," said Lee Chang-min, a specialist in corporate governance at Seoul-based Hanyang University. The 51-year-old Lee faces charges that he bribed a friend of former president Park to win government favor over ...

Baguio council approves street parking fees on 1 st reading
BusinessWorld - 2020-01-09
Once passed, the ordinance will apply to the following areas: The whole stretch of Lower Session Road (both lanes); Leonard Wood Junction to Casa Vallejo, Kalaw Road; Junction to PFVR Gym Entry (Upper Session Road); Kalaw Street fronting the building of the Court of Appeals; corner of Session Road to the corner of General Luna (left lane of ...

Keep fighting for same-sex marriage, CHR urges LGBT community
Philippine Daily Inquirer - 2020-01-09
CHR spokesperson Jacqueline de Guia issued this statement on Thursday in response to the decision of the Supreme Court (SC) to dismiss with finality a petition urging it to allow the union between people of any sexual identity. "One with the cause, we encourage the LGBTQI community and its allies to press on in spite of this hurdle and ...

President Duterte tells newly-appointed officials to become partners in nation-building
Gov - 2020-01-09
Earlier, President Duterte administered the oath of Samuel H. Gaerlan as new associate justice of the Supreme Court (SC), expecting the new SC member to help fight corruption in government and to stand with the truth. Associate Justice Gaerlan graduated from San Beda College of Law. Like President Duterte, he is also a member of the Lex ...

Fugitive ex-Nissan boss Carlos Ghosn blasts Japanese justice. It was escape or 'die in Japan'
CNN Philippines - 2020-01-09
On Sunday, Mori said Ghosn left the country "illegally by unjust methods," and she ordered Japan's immigration department to "further tighten" rules for leaving the country "so that the same situation won't be repeated." Lebanon said last week that he entered the country legally, according to the country's national news agency. Ghosn is a ...

Gaerlan named new SC justice
Philippine Daily Inquirer - 2020-01-08
MANILA, Philippines -- President Rodrigo Duterte has appointed Court of Appeals Justice Samuel Gaerlan to the Supreme Court, to fill up the vacancy left by the promotion of Justice Diosdado Peralta to Chief Justice, with presidential spokesperson Salvador Panelo confirming the appointment on Wednesday. Gaerlan is a graduate of the San Beda ...

Forced evacuation ordered; PH troops to escort Filipinos out of Iraq
Philippine Daily Inquirer - 2020-01-08
He said the Philippine Overseas Employment Administration (POEA) would soon release a resolution imposing a complete ban on labor traffic to Iraq, Iran and Lebanon. The POEA, he said, has already started scaling down deployment to other countries in the Middle East.

Amending antiquated acts anticipated to unshackle Pinoys from legal tethers
BusinessMirror - 2020-01-08
The NBC of the Philippines took effect on February 19, 1977. "It has been several decades since it became law," Go said in Filipino. "Since then, we have learned a lot about building safety through advancements in science, as well as our experiences ... major laws have been amended and the accounting and auditing professions have been ...

Duterte swears in new SC justice
philstar.com - 2020-01-08
MANILA, Philippines -- President Duterte yesterday swore in Court of Appeals Justice Samuel Gaerlan as a member of the Supreme Court (SC). Presidential spokesman Salvador Panelo said Gaerlan completes the 15-member High Tribunal. A graduate of San Beda College of Law and a professor at the Pamantasan ng Lungsod ng Maynila, Gaerlan replaces ...

Duterte appoints Court of Appeals Justice Samuel Gaerlan to Supreme Court
BusinessMirror - 2020-01-08
President Rodrigo R. Duterte has appointed Court of Appeals Justice Samuel Gaerlan to the Supreme Court (SC). In an ambush interview on Wednesday, Presidential Spokesperson Salvador Panelo confirmed the appointment of the Gaerlan, who is also a graduate of San Beda like Duterte. Panelo said picked Gaerlan for his "competency and integrity."

P600 million set for mandatory repatriation of Filipinos in Iraq, Iran and Lebanon as highest alert raised
BusinessMirror - 2020-01-08
What I can assure them is there will be an earnest effort to repatriate them," Bello said. Philippine Overseas Employment Administration (POEA) administrator Bernard Olalia said they will also impose the corresponding total deployment ban for the three countries. "POEA will convene this coming Friday to issue the appropriate governing board ...

CA Justice Samuel Gaerlan appointed to Supreme Court
CNN Philippines - 2020-01-08
Metro Manila (CNN Philippines, January 8) -- A justice from the Court of Appeals (CA) has been appointed as the newest member of the Supreme Court. Justice Secretary Menardo Guevarra confirmed that CA Justice Samuel Gaerlan was appointed by President Rodrigo Duterte Wednesday, taking the spot vacated by Diosdado Peralta, who became Chief ...

BI: 160 foreign sex offenders barred from entering PH in 2019
Philippine Daily Inquirer - 2020-01-08
In a report to Immigration Commissioner Jaime Morente, BI port operations division chief Grifton Medina said the foreign sex offenders were intercepted at different international airports in the ...

Duterte appoints CA Justice Gaerlan to Supreme Court
Philippine Daily Inquirer - 2020-01-08
MANILA, Philippines--President Rodrigo Duterte has appointed Court of Appeals Justice Samuel Gaerlan to the Supreme Court, presidential spokesman Salvador Panelo announced Wednesday. Gaerlan fills the vacancy in the High Tribunal which was created when then-Associate Justice Diosdado Peralta was named Chief Justice on Oct. 23, 2019.

Bello: Senior labor officials, response teams off to Middle East next week
Philippine Daily Inquirer - 2020-01-08
MANILA, Philippines -- Senior labor officials along with rapid response teams will be dispatched to several countries in the Middle East to compel overseas Filipino workers (OFWs) to return home ...

Duterte appoints fellow Bedan, Court of Appeals justice Samuel Gaerlan to SC
philstar.com - 2020-01-08
MANILA, Philippines -- President Rodrigo Duterte has appointed his fellow Bedan Court of Appeals Associate Justice Samuel Gaerlan to the Supreme Court. Justice Secretary Menardo Guevarra, an ex-officio member of the Judicial and Bar Council, confirmed this in a message to reporters. "[He] will take his oath today," Guevarra added.

PH eyes China, Russia as alternatives for repatriated OFWs from Middle East
Philippine Daily Inquirer - 2020-01-08
MANILA, Philippines -- Labor Secretary Silvestre Bello III said Wednesday that overseas Filipino workers (OFWs) who will be repatriated from the Middle East will be referred to alternative labor ...

Palace contingent fund can be tapped to bring home Pinoys in Middle East - DBM
CNN Philippines - 2020-01-08
DBM Assistant Secretary Rolando Toledo told reporters that repatriation funds are available with ?1.29 billion under the Department of Foreign Affairs and around ?600 million under the Overseas Workers Welfare Administration (OWWA). "If this will not be enough, we also have a standby fund where we can tap that is subject to approval of the ...

INTELLECTUAL PROPERTY ISSUES IN FINTECH
Mondaq - 2020-01-08
4 There are various intellectual property (IP) rights associated with Fintech and like every other business it is essential that Fintech companies adopt appropriate IP strategies to protect their core innovations. Having a good IP portfolio does not only assist in protecting technical innovations, it also helps to boost the image and value of ...

Petron rolls out fuel-marking program in Bataan refinery
BusinessMirror - 2020-01-08
Since 2018, Petron has been in close coordination with concerned government agencies, namely the Department of Finance, Bureau of Internal Revenue and Bureau of Customs. The fuel marking program aims to plug revenue leakages from oil smuggling by placing a molecular marker on imported, manufactured and refined fuel products, such as gasoline ...

Duterte warns water firms: Accept new deal or get contract canceled
Philippine Daily Inquirer - 2020-01-07
MANILA, Philippines -- President Rodrigo Duterte warned Maynilad and Manila Water to accept the new contracts without the "onerous" provisions or get their water contracts canceled, MalacaƱang said Tuesday. Palace spokesman Salvador Panelo, however, noted there is no guarantee that the water concessionaires will not be prosecuted for ...

Insurer Must Defend McGraw-Hill in Infringement Case
Law - 2020-01-07
Over the last few years, McGraw-Hill has faced several actions alleging copyright infringement with American International Group Inc. (AIG) affiliated insurers refusing to defend and indemnify. McGraw-Hill had entered into licensing agreements with third-party photographers and stock photography agencies which limited the parameters of the ...

PROTECTION OF INTELLECTUAL PROPERTY RIGHTS
Mondaq - 2020-01-07
Trademarks are an essential intellectual property right in a business enterprise or going concern which can be licenced via a franchise agreement. A trademark is a signifier which is capable of distinguishing the goods and services of one company 8 from those of another. It comprises of logos, designs, drawings, symbols, taglines, numbers ...

SC suspends work in all Manila courts on January 9
Philippine Daily Inquirer - 2020-01-07
In a Memorandum dated Jan. 6, 2020, Peralta suspended work in the Supreme Court including the Philippine Judicial Academy (PhilJA) and the Judicial and Bar Council (JBC), the Court of Appeals ...

BI starts deployment ban of newly-hired domestic workers to Kuwait
Philippine Daily Inquirer - 2020-01-07
Medina added the BI implemented the ban after the bureau received a copy of a Jan. 3 resolution released by the Philippine Overseas Employment Agency (POEA), which ordered the partial deployment ban of all newly-hired domestic workers to the Gulf state. The partial deployment ban was issued after a domestic helper, Jeanalyn Padernel Villavende ...

Prince's Estate Prevails In Copyright Dispute With YouTuber
Law360 - 2020-01-07
In his 31-page order, Judge Sorokin granted the estate's motion for summary judgment as to its claim of copyright infringement, finding it had "firmly established" infringement. He also granted the estate's motion for summary judgment on Habib's fair use defense and denied Habib's cross-motion for summary judgment on that defense. Habib ...

CA affirms verdict of perpetually barring Binay Jr. from holding public office
BusinessMirror - 2020-01-06
Jejomar Erwin "Junjun" Sombillo Binay Jr. THE Court of Appeals (CA) has affirmed the decision to perpetually bar former Makati Mayor Jejomar Erwin "Junjun" Binay Jr. from holding public office for his reported involvement in the anomalous construction of the P1.3-billion Makati Science High School (MSHS) building. In a 12-page resolution ...

DOF projects all CTRP packages passed in H1
BusinessMirror - 2020-01-06
Package 3 refers to the real property valuation reform bill, which is aimed to establish a single valuation base for taxation to eliminate wide disparities and achieve consistency. Meanwhile, Package 4 or the Passive Income and Financial Taxes or Pifita is expected to simplify the taxation of passive income, financial services and transactions ...

US senators see PH justice system differently from PH officials
BusinessWorld - 2020-01-06
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. Like designer bags, Swiss watches, and bespoke suits, smartphones have become not just a necessity, but a symbol of sophistication, especially among individuals who...

Pinoys urged to shun travel to Iran, Iraq as tension escalates
BusinessMirror - 2020-01-06
Bureau of Immigration (BI) spokesman Dana Sandoval said they are ready to implement any changes in overseas deployment should the Department of Foreign Affairs (DFA) and Department of Labor and Employment (DOLE) impose any new ban to Iraq, Iran, and even to Libya, where the Philippine Embassy has for months been persuading migrant workers to ...

Philippine, Cambodia working on double taxation deal
philstar.com - 2020-01-06
MANILA, Philippines -- The Philippines and Cambodia are conducting negotiations for an agreement which seeks to prevent double taxation on individuals or companies covered by both jurisdictions, according to the Department of Finance (DOF). According to the DOF, both countries may soon reach an agreement on double taxation following the second ...

PhilHealth hikes premium for direct paying members
philstar.com - 2020-01-06
CEBU, Philippines -- The Philippine Health Insurance Corporation (PhilHealth) has released a new contribution schedule for direct contributors. Dina Cinchez, PhilHealth-7 public relations officer, said the new contribution schedule is in accordance with ...

SC junks with finality plea to legalize same-sex marriage
CNN Philippines - 2020-01-06
Metro Manila (CNN Philippines, January 6) - The Supreme Court has denied with finality the petition to legalize same-sex marriage in the country, according to a resolution released Monday. The resolution dated Dec. 10 said the motion for reconsideration has no "substantial arguments" that would warrant the reversal of the original decision.

Looming PH-Cambodia tax treaty seen fostering more investments, jobs
Philippine Daily Inquirer - 2020-01-06
MANILA, Philippines -- Two-way investments and employment between the Philippines and Cambodia are seen getting a boost from the double taxation agreement (DTA) that the two countries will likely sign soon. In a statement Monday, the Department of Finance (DOF) said that during negotiations held in Siem Reap last month, Cambodia already ...

1,000 Pinoys in Iraq undocumented
Philippine Daily Inquirer - 2020-01-05
The DFA also advised Filipinos in Iraq to coordinate closely with the Philippine Embassy and their employers in case ... discussion with migrant groups in Jordan and Qatar that the Filipino workers preferred to work in other countries in the region than be evacuated to the Philippines because jobs were scarce in their own country.

Student loans from banks proposed in House
Philippine Daily Inquirer - 2020-01-05
Those seeking employment abroad may enter into a similar arrangement with the Philippine Overseas Employment Administration. Romulo said his proposal would encourage the participation of the private sector, particularly banks, in making funds available to deserving students in need of financial assistance. There is a program similar to the ...

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