CA again stops suspension of 4 ERC commissioners
Rappler - 2018-04-15
The Ombudsman said there was sufficient evidence that the ERC gave unwarranted benefits to the Manila Electric Company (Meralco) and other firms by exempting them from the competitive selection process requirement, which was already in effect after ...

The solution to CPD woes
BusinessMirror - 2018-04-15
This column accepts contributions from accountants, especially articles that are of interest to the accountancy profession, in particular, and to the business community, in general. These can be e-mailed to [email protected]

Comelec resolution disproves SC claim on ballot shading
Rappler - 2018-04-15
MANILA, Philippines - Contrary to the ruling of the Supreme Court (SC), the Commission on Elections (Comelec) had issued a resolution setting the ballot oval shading threshold at 25% for the 2016 elections. The PET said it is "not aware" of any ...

Ateneo president joins calls to junk quo warranto bid
BusinessWorld - 2018-04-15
THE PRESIDENT of Ateneo de Manila University (Ateneo) has joined the call by such organizations as the Integrated Bar of the Philippines (IBP) and the Makati Business Club (MBC) for the dismissal of the quo warranto petition seeking to void Chief Justice ...

Duterte meets OFW scalded by Saudi employer
Rappler - 2018-04-15
During the meeting, the President also gave Alagasi and her family a check worth P100,000, as well as P20,000 in cash, from the Overseas Workers Welfare Administration (OWWA). Go meanwhile gave Alagasi a mobile phone. Alagasi was also offered employment as ...

OFW scalded by Saudi employer returns home - 2018-04-14
MANILA, Philippines -- The overseas Filipino worker (OFW) who suffered severe burns after her Saudi employer doused her with boiling water returned home yesterday. Pahima Alagasi, 26, arrived at the Ninoy Aquino International Airport accompanied by ...

DA: Boracay farmers, fisherfolk can loan by next week
CNN Philippines - 2018-04-14
Metro Manila (CNN Philippines, April 13) -- The Department of Agriculture's loaning program for farmers and fisherfolk affected by the Boracay closure will be ready as early as next week, Secretary Manny Piñol said Friday. Piñol said the DA was offering ...

Sara tells pa to junk peace gab with Reds - 2018-04-13
I guarantee during the two months they will not be molested or inconvenienced as long as there is ceasefire, no taxation, no atrocities," said Duterte. "Just come here as a citizen." He added that he would offer food assistance to all NPA camps ...

Congress to prioritize electoral process review - 2018-04-13
The votes from these areas are being manually tallied by the Presidential Electoral Tribunal (PET).The vote recount started last April 2 at the Court of Appeals Gymnasium in Manila. "It is time now to seriously reconsider to go back to the hybrid system ...

These are the intellectual property minefields Tampa Bay entrepreneurs need to know about
The Business Journals - 2018-04-13
Tampa Bay-based entrepreneurs who run headlong into high-tech ventures with dreams of Elon Musk-type wealth, fame and influence have the same gigantic hurdle to overcome: how to protect their intellectual property. Patent protection, in particular, has ...

Checking for impartiality in the Sereno quo warranto proceedings
InterAksyon - 2018-04-13
Journalists watch ongoing oral arguments on a petition challenging the appointment of Chief Justice Maria Lourdes Sereno, who stands before her colleagues at the Supreme Court summer courthouse in Baguio City on April 10, 2018. (STAR/Andy Zapata ...

This U.S. Supreme Court ruling is alarming for black people with mental illness
CNN Philippines - 2018-04-13
As her case made its way through the courts, the US Court of Appeals for the Ninth Circuit ruled in favor of Hughes, overturning an earlier district court's summary judgment in favor of the officer. The Ninth Circuit Court of Appeals held that there were ...

Ban on OFW deployment to Middle East better kept as mere posturing for now
BusinessMirror - 2018-04-12
This is apparent in the latest available data from the Philippine Overseas Employment Administration (POEA), which showed that over half of the 2 million deployed OFWs in 2016 headed to the Middle East. Most, or 460,121, of them were bound for the Kingdom ...

IRC Properties doubles capital base
BusinessWorld - 2018-04-12
IRC Properties, Inc. is doubling its capital base to raise funds for expansion. In a disclosure to the stock exchange on Thursday, the property developer said its board of directors approved the increase in authorized capital stock to P3 billion from P1.5 ...

Bar exams result out on April 26
BusinessMirror - 2018-04-12
The Bar examinations cover eight law subjects: Civil Law, Criminal Law, Labor Law, Legal Ethics and Practical Exercises, Mercantile Law, Political Law, Taxation and Remedial Law. In the 2016 Bar exams, a total of 3,747 law graduates passed or 59.06 percent ...

China to adopt system of punitive damages for intellectual property rights infringements - 2018-04-12
BEIJING (Reuters) - China will introduce a system of punitive damages for intellectual property (IP) infringements in its effort to strengthen protection of such rights, the official Xinhua news agency said on Thursday. Shen Changyu, head of the State ...

BIR: No extension of April 16 deadline for filing ITR
CNN Philippines - 2018-04-12
Metro Manila (CNN Philippines, April 12) -- The Bureau of Internal Revenue (BIR) said it will not extend the April 16 deadline for the filing of the 2017 Income Tax Return (ITR) and payment of taxes. "There will be no extension of the said deadline.

INSIDE STORY: How Duterte decided on Boracay closure
Rappler - 2018-04-12
As Roque had told CNN Philippines, there had been "differences in interpretation ... still stuck with the discussions in the February 5 Cabinet meeting where closures of business establishments, not the entire island, was proposed.

Philippines in 'golden age' of growth - ADB
Rappler - 2018-04-11
MANILA, Philippines - The Philippines is experiencing a unique period of growth and is expected to continue along that path in the short term, according to the Asian Development Bank (ADB). In its 2018 Asian Development Outlook 2018 released on Wednesday ...

SolarWindow strengthens intellectual property portfolio with over 90 trademark and patent filings
PennEnergy - 2018-04-11
COLUMBIA, Md.--(BUSINESS WIRE)--SolarWindow Technologies, Inc. (OTC: WNDW), developer of liquid transparent coatings that turn ordinary glass into electricity-generating windows for skyscrapers and buildings, announced that the company has now filed more ...

Spending boost widens fiscal deficit in Feb., first two months
BusinessWorld - 2018-04-11
Sought for comment, Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said in an e-mail that "[t]he fiscal deficit increase was expected." "The doubling is also expected as government follows through with the focus on infrast ...

BIR revenue intake up 16 percent in Q1
BusinessMirror - 2018-04-11
The Bureau of Internal Revenue (BIR) reported revenues amounting to P422.587 billion in the first three months this year on the back of increased collection from the regional offices and the Large Taxpayers Service. The BIR said this exceeded its revenue ...

BIR beats Q1 collection target by nearly 17%
BusinessWorld - 2018-04-11
THE Bureau of Internal Revenue (BIR) said it collected P422.59 billion in the first quarter, exceeding its P361.77-billion target by 16.81%. "Minus the goal from Non-BIR Operations (over which the Bureau has no control), the surplus is pegged at a higher ...

Mining attractiveness index and the Philippines
BusinessWorld - 2018-04-11
Mining companies and Boracay establishments show the face of business uncertainties in the country. Mining production is 0.6% of GDP while Boracay production of services is 0.1% of GDP, an amount that is "very insignificant" according to the National ...

Paying estate tax in the wise
BusinessMirror - 2018-04-11
The new rate, however, will apply only to deaths occurring on or after January 1, 2018. Earlier this year the Bureau of Internal Revenue (BIR) issued RR 12-2018 discussing everything an heir should know before he/she receives his/her share of the pie.

PUBG Corp. Is Suing Another Developer For Copyright Infringement
Cinema Blend - 2018-04-11
PUBG Corporation had made mention in the past that it would pursue legal actions against copyright infringement, especially against companies that rip-off the Battle Royale concept and attempt to cash in on the popularity from PlayerUnknown's Battlegrounds.

Jack Lam 'middleman' in P50-M immigration bribery mess surrenders
CNN Philippines - 2018-04-11
Metro Manila (CNN Philippines, April 11) -- The supposed liaison of Macau-based gaming tycoon Jack Lam in a P50-million bribery scandal involving former Immigration officials surrendered to the police on Wednesday. Former Chief Superintendent Wally ...

Jack Lam 'middleman' Wally Sombero surrenders to police
Rappler - 2018-04-11
MANILA, Philippines - Wenceslao "Wally" Sombero, the alleged middleman of Chinese casino tycoon Jack Lam in the Bureau of Immigration bribery-corruption case, has surrendered to the Philippine National Police (PNP) on Wednesday, April 11. Sombero ...

New restrictions on the outbound transfer of intellectual property rights
Lexology - 2018-04-11
The State Council in China has issued the Working Measures for Outbound Transfers of Intellectual Property Rights (for Trial Implementation) (the "Measures"), which came into effect on 29 March 2018. According to the Measures, the outbound transfer of ...

ERC resolves over 100 pending cases during 60-day TRO period
BusinessMirror - 2018-04-10
The Energy Regulatory Commission (ERC) made good use of the 60-day temporary restraining order (TRO) issued by the Court of Appeals (CA) on the suspension order against four ERC commissioners, acting on more than a hundred pending cases during the period.

Ex-immigration execs in Jack Lam bribery case detained
Rappler - 2018-04-10
MANILA, Philippines - Two former deputy immigration commissioners were put in jail Tuesday, April 10, for the plunder charges they are facing in relation to the bribe they allegedly received in exchange for freeing undocumented Chinese nationals in ...

Ex-immigration officials arrested over ?50-M corruption scandal
CNN Philippines - 2018-04-10
Metro Manila (CNN Philippines, April 10) -- Former officials of the Bureau of Immigration (BI) were arrested Tuesday afternoon over a ?50-million corruption scandal. Former deputy commissioners Al Argosino and Michael Robles were arrested at the ...

The emancipation of women
Philippine Information Agency - 2018-04-10
"Inday Amy" as she is fondly called hopes that more women leaders would excel in the field of politics, business, journalism ... P30 million was added to the municipal coffers through tax mapping. Businessmen branded her as "strict" but she ...

Reinstated rules on deductibility of expenses, a welcome development - 2018-04-10
The Bureau of Internal Revenue (BIR) issued early this year Revenue Regulations (RR) No. 6-2018 to revoke RR No. 12-2013 and to reinstate the provisions of RR No. 14-2002, as amended, allowing, in certain cases, the deduction of an expense where no ...

Sereno to face Supreme Court en banc over quo warranto petition
CNN Philippines - 2018-04-09
Metro Manila (CNN Philippines, April 10) -- Chief Justice Maria Lourdes Sereno is set to attend the oral arguments at the Supreme Court on a petition seeking to remove her from office Tuesday. A heated exchange is expected between the Chief Justice and ...

IMF paper calls for gradual tweaks to firms’ taxation system
- 2018-04-09
THE PHILIPPINES has enough room to introduce a “gradual” reduction in corporate tax rates in order to attract greater investments, while noting that tax breaks granted to some firms have proven to be inefficient. A working paper published by the International Monetary Fund (IMF) said that the Philippines can afford to cut the income tax …

DOLE to Boracay businesses: Don't lay off workers
Rappler - 2018-04-09
MANILA, Philippines - Labor Secretary Silvestre Bello III ordered business owners not to lay off any of their workers during the impending 6-month closure of Boracay starting April 26. "Temporary suspension of business operations should not and must not ...

PHL, China to sign deal on English teachers
BusinessWorld - 2018-04-09
PHILIPPINE President Rodrigo R. Duterte is expected to sign an agreement with China, allowing around 100,000 Filipino teachers in English teaching opportunities there. The Philippines is also planning to discuss the employment of domestic helpers in China ...

DoF targets tax reform package approval by June
BusinessWorld - 2018-04-09
THE DEPARTMENT of Finance (DoF) hopes to have the follow-up "Package 1-B" approved on final reading by both houses of Congress before June 1, after missing its initial first-quarter target. In a March 27 interview, Finance Undersecretary Karl Kendrick T.

House Speaker says impeachment will be done when session resumes - 2018-04-09
MANILA, Philippines -- A political analyst on Monday said that ... Dennis Coronacion, chair of the Department of Political Science at the University of Santo Tomas, said that the president seems bent on reducing the Supreme Court's justices to being ...

Interior Asec: Boracay businessmen 'scaring' locals
CNN Philippines - 2018-04-09
Two weeks ahead of the shutdown, locals have expressed concern about their source of income and livelihood. The Labor Department has assured it would provide jobs to 5,000 workers, 2,000 of which are allotted for the indigenous Ati tribe. However ...

Boracay hotels, airlines waive rebooking charges - 2018-04-09
The departments of Tourism, Labor and Employment and the Technical Education and Skills Development Authority will also provide training for the residents and displaced workers. President Rodrigo Duterte ordered the closure of Boracay based on the ...

DOLE seeks to profile child laborers nationwide
CNN Philippines - 2018-04-09
Metro Manila (CNN Philippines, April 9) -- The Department of Labor and Employment (DOLE) said it has set guidelines for the profiling of more than 2 million child laborers in the country. It defines child labor to be "any work of economic activity ...

Profiling of child laborers pushed
Philippine Information Agency - 2018-04-09
MANILA, April 9 -- The labor department has released guidelines on the profiling of child laborers to effectively draw them away from child labor and its worst forms. Child labor refers to any work or economic activity performed by children under 18 years ...

Profiling of child laborers pushed
Philippine Information Agency - 2018-04-09
Child labor refers to any work or economic activity performed by children ... Targeting System for Poverty Reduction of the Department of Social Welfare and Development and through the Community Based Monitoring System implemented by various local ...

Duterte to Sereno: I am now your enemy
CNN Philippines - 2018-04-09
Metro Manila (CNN Philippines, April 9) -- President Rodrigo Duterte did not mince words with embattled Chief Justice Maria Lourdes Sereno, declaring her his enemy. "I am putting you on notice that I am now your enemy, and you have to be out of the ...

Philippine detention centers and the price of criminal justice
Rappler - 2018-04-09
In the Supreme Court decision of Allado v. Diokno, the SC pronounced that, "[t] he sovereign power has the inherent right to protect itself and its people from vicious acts which endanger the proper administration of justice; [...] This is essential for ...

BIR ordered to refund nearly P900M to PAL
BusinessWorld - 2018-04-08
THE Court of Tax Appeals (CTA) ordered the Bureau of Internal Revenue (BIR) to refund Philippine Airlines, Inc. (PAL) nearly P900 million in taxes on jet fuel imports. In a 23-page decision dated April 3, the CTA Third Division ruled in favor of PAL ...

Be compliant
BusinessMirror - 2018-04-08
Business enterprises that have gross revenues exceeding P10 million for the year are covered by these rules. The coverage of the compilation services and the responsibilities of the CPA in terms of the services rendered and the issuance of the certificate ...

UP Law students win Intl Environmental Law Moot Court Competition
BusinessMirror - 2018-04-08
In Photo: Students from the University of the Philippines College of Law in Diliman, Quezon City, were named champions at the International Rounds of the 22nd Stetson International Environmental Law Moot Court Competition hosted from March 22 to 24 by the ...

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