SC clears ex-Cavite governor in LRT-1 extension graft case
CNN Philippines - 2018-12-05
Metro Manila (CNN Philippines, December 4) -- The Supreme Court (SC) cleared former Cavite Governor Erineo "Ayong" Maliksi from graft charges in relation to the Light Rail Transit (LRT)-1 South ...

New Progress in Judicial Protection of Chinese Patents
Lexology - 2018-12-05
The number of patent litigation cases has increased significantly. In 2017, the Chinese courts newly received 213,480 first-instance intellectual property cases and closed 202,970 cases in total, with a rise of 46.04% and 43.13% respectively from 2016 ...

Dow plunges 799 points on trade, slowdown fears
CNN Philippines - 2018-12-05
The Fear & Greed Index, a CNN Business gauge of market sentiment ... Citing higher interest rates and the fading impact of tax cuts, S&P expects U.S. GDP growth to slow from 2.9% this year ...

Asia Pacific Dominates World Intellectual Property Indicators 2018
Lexology - 2018-12-05
Yesterday, WIPO released its annual World Intellectual Property Indicators 2018 report. At 230 pages, this report has new features such as interactive charts, more visual representations of IP right flows, patent litigation, number of women inventors ...

Canada desperately looking to fill 430,000 vacant jobs
Philippine Daily Inquirer - 2018-12-04
The data release comes as the federal and Quebec governments spar over immigration targets. Quebec Premier Francois Legault has pledged to cut immigration, despite the mostly French-speaking ...

Disturbing pattern
Inquirer Opinion - 2018-12-04
and four pastors of the United Church of Christ in the Philippines and the United Methodist Church in Davao -- was informed of the charges against them. They were released on P80,000 bail for each person two days after the arrest. That the police are only ...

Rags-to-service, the tale of Pilo Hilbay
Inquirer Opinion - 2018-12-04
But his life journey since then has taken him to soaring heights: ranking first in the 1999 bar exams, then becoming the youngest member of the UP College of Law faculty ... But instead, he chose to go into public service, working for seven years with ...

Fuel tax hike worries farm sector
Inquirer - 2018-12-04
Stakeholders of the agriculture sector are afraid the second round of fuel tax increases next month may not bode well for food producers since the measure will translate to higher production costs.

NBI: Raided factory top source of fake cigarettes
Philippine Daily Inquirer - 2018-12-04
had alerted the Bureau of Internal Revenue (BIR) about the proliferation of fake cigarettes in the market. On Nov. 28, the NBI helped a BIR strike team shut down the illegal cigarette ...

Employers warned vs delay in 13th month pay - 2018-12-04
Aside from DOLE, aggrieved workers may file a complaint before the DTI, National Labor Relations Commission and Bureau of Immigration (BI) for those employed by foreign employers. Non-compliant foreign employers may face deportation.

Government dismantling REIT hurdles
BusinessWorld - 2018-12-04
SEC Assistant Director Emma A. Valencia said that corporate regulators will amend the existing implementing rules and regulations (IRR) of Republic Act No. 9856, or the REIT Act of 2009. "The position of the SEC is that the commission is really ...

SC denies Palawan claim to 40% of Malampaya funds
BusinessWorld - 2018-12-04
THE Supreme Court (SC) voted unanimously, 13-0, to reject a claim by Palawan province for 40% of the royalties of the Malampaya natural gas project, according to a Supreme Court source who asked not to be identified. The source said that the court ruled ...

Bicam panel agrees to SALN or total assets option for tax amnesty legislation
BusinessWorld - 2018-12-04
THE bicameral conference committee reconciling the tax amnesty bills agreed to give taxpayers the option to submit either a statement of total assets or a statement of assets, liabilities and net worth (SALN), along with a general tax amnesty return, when ...

Marquez, others join roster of aspirants for SC associate justice
BusinessWorld - 2018-12-04
SUPREME COURT (SC) justices have recommended to the Judicial and Bar Council (JBC) three Court of Appeals (CA) justices and Court Administrator Jose Midas P. Marquez for the position of associate justice to be vacated by retiring Justice Noel J. Tijam.

SC lets BIR impose higher taxes on non-life insurance firms
Inquirer - 2018-12-04
The Supreme Court has allowed the Bureau of Internal Revenue (BIR) to push through with the implementation of tax provisions that imposes higher tax rates to be paid by non-life insurance ...

Supreme Court denies Palawan share from Malampaya - court insiders
CNN Philippines - 2018-12-04
Metro Manila (CNN Philippines, December 4) -- The Supreme Court has ruled that the province of Palawan is not entitled to any share from the earnings of the Malampaya gas project, sources said.

SC names 4 candidates to replace Associate Justice Tijam
Philippine Daily Inquirer - 2018-12-04
The Supreme Court has recommended to the Judicial and Bar Council (JBC) four names that will potentially take the position of Associate Justice Noel Tijam who will go on compulsory retirement on ...

SC clears ex-governor Ayong Maliksi in P26M Cavite LRT case
Rappler - 2018-12-04
MANILA, Philippines - The Supreme Court has cleared former Cavite governor Erineo "Ayong" Maliksi of graft charges after the First Division reversed his indictment by then Ombudsman Conchita Carpio Morales. Morales had indicted Maliksi of graft in ...

Angara files bill to ensure tax-free health insurance premiums
Philippine Daily Inquirer - 2018-12-04
MANILA, Philippines -- Senator Sonny Angara has filed a bill seeking to ensure tax-free health insurance premiums among employees. Senate Bill No. 2112 seeks to exempt medical insurance premiums ...

SP okays P2.5B budget
The Visayan Daily Star - 2018-12-04
As to its sources, he said that 50 percent comes from the Internal Revenue Allotment of P1.26 billion and the other half P1.258 billion from local sources. The biggest chunk or 52.92 percent (P1.33 billion) of the budget is allocated to the Maintenance and ...

House approves 4th tax reform package bill on 3rd and final reading
CNN Philippines - 2018-12-04
Metro Manila (CNN Philippines, December 4) -- The House of Representatives on Monday approved on third and final reading a bill seeking to simplify the tax system for the financial sector -- a ...

Tax-free status of health premiums
Inquirer - 2018-12-04
Anything outside of that would be illegal. If not for the eagle eyes of the labor sector that initially raised a howl over the adverse implications of RMC 50-2018, the unauthorized amendment of ...

Pangasinan town creates task force for environment protection
Philippine Information Agency - 2018-12-04
LABRADOR, Pangasinan, Dec. 4 (PIA) -- The local government unit of Labrador, in partnership with the Department of Environment and Natural Resources (DENR) in Pangasinan, formed a multi-sectoral environmental law enforcement task force to protect the ...

How irrevocable is irrevocable - 2018-12-03
The past indeed influences the future. Actions from the former provide ripples felt by the latter. When things go wrong, you cannot go back and alter the past. Instead you can concentrate on the present and mold the future. In the world of taxation ...

Immigration bureau tightens screening amid influx of foreign nationals
CNN Philippines - 2018-12-03
Metro Manila (CNN Philippines, December 3) -- Amid the rising number of foreigners in the country, the Bureau of Immigration (BI) said it has been beefing up security and screening process at ...

President Duterte confers Quezon Service Cross Award to late Senator Miriam Defensor Santiago
Philippine Information Agency - 2018-12-03
Before having been elected to the Senate for three terms, Senator Miriam Defensor Santiago previously served as Presiding Judge of the Regional Trial Court of Quezon City, then afterwards as Commissioner of the Bureau of Immigration and Deportation ...

Gordon proposes Congressional power to inspect bank accounts
BusinessWorld - 2018-12-03
The ACR, issued by the Bureau of Immigration (BI), is among the requirements needed by foreigners when opening bank accounts in the Philippines. "I am aware of a racket going on right now where Chinese folks are opening bank accounts, arranged by agents ...

Ferry for Metro Cebu wins NRCO-ISP award
Philippine Information Agency - 2018-12-03
The project is a joint undertaking between the NRCO, an attached agency of the labor department, and the ISP. To support the productive reintegration of seafarers, Labor Secretary Silvestre Bello III encouraged them to start their own business by joining ...

Duterte bestows Quezon Service Cross award to late Miriam Santiago
Philippine Daily Inquirer - 2018-12-03
She had served as a trial judge, an immigration commissioner, a Secretary of Agrarian Reform, and a Senator of the Republic. During the 2016 presidential elections, despite being political rivals ...

USMCA or NAFTA 2.0: what's really new for intellectual property?
Lexology - 2018-12-03
The IP chapter of the recently negotiated US-Mexico-Canada Agreement (USMCA) is one of the most comprehensive of all of the treaties negotiated by the parties to date (eg, the Trans-Pacific Partnership and the North American Free Trade Agreement (NAFTA)).

BIR names Rappler among top withholding agents
Rappler - 2018-12-03
MANILA, Philippines - The Bureau of Internal Revenue (BIR) included media company Rappler as among the country's top withholding agents. The BIR handed a notice to Rappler on November 28, stating that the company is now required to withhold the 1% ...

MalacaƱang says Duterte not behind Rappler tax cases
Rappler - 2018-12-03
MANILA, Philippines - MalacaƱang said on Monday, December 3, President Rodrigo Duterte had nothing to do with the tax cases filed against Rappler Holdings Corporation and Rappler CEO Maria Ressa. The Department of Justice (DOJ) has filed 4 tax cases ...

Rappler's Maria Ressa posts bail for tax evasion case
CNN Philippines - 2018-12-03
In the Pasig RTC's arrest order dated November 28, the court said Ressa violated Section 255 of the National Internal Revenue Code. In a statement Monday, Ressa confirmed there was an arrest ...

DOCUMENT: Arrest warrant for Maria Ressa in tax case
Rappler - 2018-12-03
It ordered the arrest of Ressa who has been charged with violating Section 255 of the National Internal Revenue Code of 1997. As president of Rappler Holdings Corporation (the holding company of Rappler Inc), she supposedly failed to supply correct ...

Maria Ressa posts bail for tax case at Pasig court
Rappler - 2018-12-03
MANILA, Philippines (UPDATED) - Rappler Holdings Corporation (RHC) president Maria Ressa on Monday, December 3, posted bail at Pasig City Regional Trial Court Branch 265 for alleged violation of the Tax Code. Ressa posted a bail of P60,000 after the ...

Ressa returns to Manila, confirms arrest warrant against her
Philippine Daily Inquirer - 2018-12-03
Three of the cases were filed before the Court of Tax Appeals and the other one was filed at the Pasig City Regional Trial Court. Based on the complaint, Ressa and Rappler Holdings Corporation ...

Simplified tax on stocks to boost trades - 2018-12-02
"The taxation of stock investments is indeed ripe for reforms. The proposed reforms which form part of Package 4 will put the Philippines at par with its neighboring countries and would encourage stock market participation of both individual and ...

Senator sees little time for pork review
Philippine Daily Inquirer - 2018-12-02
But he said the funds were not pork as these were not lump-sum appropriations, which the Supreme Court declared unconstitutional in 2013. The high court declared the pork barrel Priority ...

Tax amnesty faces delay
Inquirer - 2018-12-02
The much-awaited tax amnesty early next year may be delayed if Congress will not pass it together with the automatic exchange of information and the lifting of bank secrecy for taxation purposes ...

TRAIN Law: How was it implemented?
Inquirer - 2018-12-02
Knowing the law is not the same as knowing how it will be implemented. New laws require rules and regulations on how these changes will be applied. These implementing rules and regulations are ...

Hiring activity rising
Inquirer - 2018-12-02
Demand for accounting and finance professionals with taxation and audit experience is expected next year because of new tax regulations and greater prioritization of compliance. Job movers ...

PT&T wants SC to overturn decision disqualifying it from 3rd telco process
BusinessMirror - 2018-12-02
THE Philippine Telegraph and Telephone Corp. (PT&T) is honoring its undertaking with the National Telecommunications Commission (NTC) by not seeking an injunction order against the third telco ...

Cost of producing palay in PHL hits all-time high
BusinessMirror - 2018-12-02
The average cost of producing palay in the Philippines rose to an all-time high of P12.42 per kilogram (kg) last year due to more expensive fuel and labor, according to the Philippine Statistics ...

Reforms to simplify financial tax scheme will put PHL apace with Asean peers: NTRC
BusinessMirror - 2018-12-02
for resident individuals and nonresident aliens engaged in trade or business, while retaining the exemption of domestic and foreign corporations on intercorporate dividends except sole corporations.

LTFRB execs to tackle formula for predetermined PUV fare - 2018-12-02
The TWG, headed by LTFRB Executive Director Samuel Aloysius Jardin, is composed of representatives from the Department of Trade and Industry (DTI), Department of Energy (DOE), Department of Labor ...

A divorce settlement for Brexit
BusinessWorld - 2018-12-02
The "Canada-style deal" (in the way Canada deals with the EU) proposed that the UK would have free trade with the EU, but no freedom of movement (stop free immigration from and to EU countries, no more reciprocal open visas for travel and business).

Bam Aquino: Senate should take lead in investigation of PH-China deals
CNN Philippines - 2018-12-02
Metro Manila (CNN Philippines, December 2) -- Senator Bam Aquino on Sunday said he hopes the Senate will take the lead in investigating deals of the Philippine government with China. In CNN ...

Only Alejano opposes same-sex unions in TV senatorial forum
Rappler - 2018-12-02
At the House of Representatives, former speaker Pantaleon Alvarez has been pushing for a civil union bill. Supreme Court Senior Associate Justice Antonio Carpio said during oral arguments that a civil union bill gives the same legal rights and status to ...

CA orders Pagcor to grant license for Waterfront casino
Rappler - 2018-12-02
MANILA, Philippines - The Court of Appeals (CA) upheld a Manila court ruling which ordered the Philippine Amusement and Gaming Corporation (Pagcor) to issue a provisional license to Waterfront Philippines Incorporated for a casino-hotel. The CA 6th ...

Department of Justice probes 2 law enforcers, lawyer
Journal - 2018-12-02
They are not even regular or organic personnel of the Bureau of Immigration, to begin with. And yet they allegedly had the temerity to abuse or take advantage of their delegated authority for apparently personnel gain. If true, this is a violation of their ...

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