More economic zones needed in Davao City - biz leader
Mindanews - 2018-01-19
Ayala Business Center, Filandia IT Center, The Annex-SM City Davao IT Center, Damosa IT Park, and Matina IT Park. A PEZA-accredited area enjoys fiscal (income tax holidays for four to six years) and non-fiscal incentives. Non-fiscal incentives include ...

Tax package 2 to serve as catalyst for equities
Philstar - 2018-01-19
He said these incentives totaling P301.22 billion do not yet include exemptions from the payment of local business taxes and the estimates on tax leakages. In terms of income tax incentives, the government, in effect, gave away P61.33 billion to companies ...

Cha-cha hits snag; SC ruling needed
Philippine Daily Inquirer - 2018-01-19
But for Speaker Pantaleon Alvarez, all is not lost. He said the disagreement between the two chambers of Congress should be taken to the Supreme Court for resolution. Lacson filed a resolution on Monday calling on the Senate to sit as a Con-ass and ...

BIR tax take up 13% to P1.78 trillion, but misses 2017 goal
Philippine Daily Inquirer - 2018-01-18
"Under the Oplan Kandado program, 125 business establishments were closed, with a collection of P252.14 million for various violations of the Tax Code including gross understatement of gross sales/receipts, noncompliance with the Value-Added Tax ...

Rules on mineral, auto cigarette tax hikes out
Inquirer - 2018-01-18
The Bureau of Internal Revenue has issued the guidelines for the increase in the excise taxes on minerals, cigarettes, vehicles, and in the documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion (TRAIN) act. The four revenue ...

Spielberg explains why he rushed to make Streep-Hanks starrer
Inquirer Entertainment - 2018-01-18
Protest marches increased tenfold after The New York Times and The Washington Post revealed the Pentagon Papers, then the Supreme Court cleared them to continue publishing. I think it brought the [Vietnam War] to a quicker end. The point is about character.

Dole considering P500 monthly subsidy for minimum wage earners
Philippine Daily Inquirer - 2018-01-18
The Department of Labor and Employment (Dole) is considering the proposal of the Associated Labor Unions-Trade Union Congress of Philippines (ALU-TUCP) to provide minimum wage earners P500 in monthly subsidy, according to Labor Secretary Silvestre Bello III.

3rd party to do telecom sector study
Inquirer - 2018-01-18
The Philippine Competition Commission (PCC) is tapping an independent body to conduct a study on the telecommunication industry. In a briefing, PCC commissioners said the study would take a closer look into the entire industry value chain and the impact of ...

Competition body zeroes in on 10 sectors in study
BusinessWorld Online - 2018-01-17
Commissioner Johannes Benjamin R. Bernabe clarified that the market study for the telco sector is a "separate exercise distinct from the review" of the acquisition by PLDT, Inc. and Globe Telecom, Inc. of telecommunication assets owned by San Miguel ...

Govt to look into antitrust practices of 9 priority sectors
Business Mirror - 2018-01-17
Among the nine, Quimbo zeroed in on the telecom industry, which had the PCC engaged in a legal dispute with Globe Telecom Inc. and PLDT Inc. The PCC asked the Supreme Court last April to stop Globe and PLDT from completing its acquisition of San Miguel ...

Effects of SC ruling on electricity retail access and open competition
BusinessWorld Online - 2018-01-17
"The real bosses, in the capitalist system of market economy, are the consumers... The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done." Geographical monopolies in electricity distribution ...

Fraud-proof excise-tax stamp program seen completed soon
Business Mirror - 2018-01-17
"I think the BIR [Bureau of Internal Revenue] is still reviewing it. They target [the rollout] in the first quarter," Tionko said. The BIR is responsible for the collection of excise tax on cigarettes and alcoholic beverages. According to Finance ...

Sweet tax for health
Business Mirror - 2018-01-17
THE Comprehensive Tax Reform Program (CTRP) under this current administration is one of the major amendments in the Philippine Tax Code since the ... of the government in passing the law, which is for health and wellness, reducing the victims of obesity ...

DTI survey shows consumer prices remain stable
Inquirer - 2018-01-17
In a statement on Monday, The Associated Labor Unions-Trade Union Congress of the Philippines criticized Lopez for "giving vain lip service" against profiteering.

SC cannot touch House-Senate voting on Cha-cha -- Puno
Philippine Daily Inquirer - 2018-01-17
The issue of whether Congress should vote jointly or separately on Charter change (Cha-Cha) could not be raised to the Supreme Court as it is "beyond its jurisdiction," former Chief Justice Reynato Puno told a Senate hearing on Wednesday. At a joint ...

SEC defends order to shut down Rappler; ready to face courts
Philippine Daily Inquirer - 2018-01-16
The Securities and Exchange Commission (SEC) on Tuesday said it was ready to defend in the Court of Appeals its order revoking the registration of Rappler Inc. for its "deceptive ... media outlets like ABS-CBN and GMA 7 have issued PDRs to foreign ...

Reyes objects to Ombudsman rearrest plea
Philippine Daily Inquirer - 2018-01-16
The former governor walked out of detention on Jan. 5 after the Court of Appeals issued its controversial decision throwing out the finding of probable cause against him. This prompted the Ombudsman to seek the cancellation of his bail before the ...

Creation of 8th town in Sarangani gets House committee nod
Mindanews - 2018-01-16
Compared to the town center of Malungon, which is situated amid rolling hills, she said the village has vast plains that could host various business ventures. The Sarangani provincial board had also backed the proposed creation of the Malandag municipality ...

Salary increases for soldiers, police, but not for teachers, government employees
Bulatlat - 2018-01-16
As soon as 2017 started, Secretary Benjamin Diokno of the Department of Budget and Management (DBM ... the government claims that it needs a lot of technical studies. But when the increase is for military and police personnel, their only bases are the ...

Lexology - 2018-01-16
U.S. courts presiding over cases involving social media posts must decide the very fact-intensive legal questions of trademark and copyright infringement and whether any fair use defenses apply. In the trademark context, the fair use inquiry seeks to ...

New hearings on coco levy fund set
Inquirer - 2018-01-15
The Sandiganbayan has ordered a new round of hearings on the Coconut Industry Investment Fund (CIIF), known as coco levy funds, 14 years after the Supreme Court ruled that the funds were owned by coconut farmers. In a 19-page resolution dated last Dec. 29 ...

Farmer, labor groups air fears on tax-reform implementation
Business Mirror - 2018-01-15
In Photo: A family shops at a Makati supermarket over the weekend. Consumers are starting to worry about the possible effect of the Tax Reform for Acceleration and Inclusion law on the prices of fuel and, consequently, basic commodities. Aside from ...

PSA to conduct four key economic surveys in 2018
Business Mirror - 2018-01-15
Aquino III in 2013. It is the surviving entity after the merger of four statistical agencies--the National Statistical Coordination Board, Department of Agriculture Bureau of Agriculture Statistics and the Bureau of Labor and Employment Statistics of the ...

PILONs and tax - all change
Lexology - 2018-01-15
However, it if it ended on 7 April 2018 the full amount will be taxable. There is still an exemption for Foreign Service as a seafarer but we do not propose to cover this. These changes are complicated. If you fails to withhold the correct amount of PAYE ...

The budget is the policy
Inquirer Opinion - 2018-01-14
And indeed we must honor their sacrifice, and agree that for too long they were grossly underpaid, which led to such anomalies as bribe-taking (and demanding) and serving on the side as bodyguards for big business folk and politicians. We can only hope ...

Lawmakers need time to study proposed changes to 1987 Constitution, shift to federal form of government
Business Mirror - 2018-01-14
Corazon N. NuƱez-Malanyaon of the First District of Negros Oriental is handling the provisions on the Executive-Legislative (Articles VI and VII); New article on Federal and Regional Powers, Number of States; and Local Government and Taxation/Allocation ...

Palawan held up as model for fishing in Negros-Cebu strait
BusinessWorld Online - 2018-01-14
NON-GOVERNMENTAL organization Oceana Philippines is pushing for the monitoring of all commercial fishing vessels in the provinces along the TaƱon Strait Protected Seascape (TSPS), covering the body of water between Negros and Cebu islands. Oceana ...

A response to Prof. Hilbay
BusinessWorld Online - 2018-01-14
"There are not a few comrades doing inspection work, as well, as guerrilla leaders and cadres newly in office, who like to make political pronouncements the moment they arrive at a place and who strut about, criticizing this and condemning that when they ...

DOLE revokes agreements with PEZA following NCCC Mall fire
Mindanews - 2018-01-14
Bello said DOLE no longer had authority over the PEZA-accredited 4,000-square meter business process outsourcing facility occupied by the Survey Sampling International (SSI) at the NCCC Mall Davao since it started operations in July 2008. The labor ...

Tokhang, trolls and Arroyo generals
Bulatlat - 2018-01-13
regressive taxation, and expansion of plantations by the extractive industry. If not challenged, this rampaging Duterte government will be further emboldened to institutionalize dictatorship by changing the constitution and allowing the indefinite ...

Lawyer of warehouse owner in shabu shipment case denies bribery claim
Philippine Daily Inquirer - 2018-01-13
He said that Tan, a businessman, is a freight forwarder and has regular trips abroad. And on the mentioned date, he was scheduled for a business trip in China but refused to depart by Immigration officials "because he was told that his name was included ...

Tax holidays lead to P300-B lost revenues yearly
Journal Online - 2018-01-13
He said these incentives totaling P301.22 billion do not yet include exemptions from the payment of local business taxes and ... agreements signed by the Philippines with other countries. "So on average, we gave away up to 1.5 percent of our GDP in ...

Singapore Android TV sellers face copyright infringement charges
ZDNet - 2018-01-13
Industry group Coalition Against Piracy has filed a copyright lawsuit against two Android TV box sellers in Singapore, sparking interest in what may be a landmark ruling on a long-debated issue regarding streaming devices. Synnex Trading and An-Nahl as ...

No one can give what one does not have
Inquirer - 2018-01-13
CA, G.R. No. 132161, January 17, 2005) Ma. Soledad Deriquito-Mawis Dean, College of Law, Lyceum of the Philippine University Chairperson, Philippine Association of Law Schools Attorney-at-Law Don't miss out on the latest news and information.

My brother has a gayfriend
Visayan Daily Star - 2018-01-13
I am 38 years old, married and have 2 kids. My husband was been a seafarer for many years now. I would say we are blessed to have everything in life. Even my 2 siblings working abroad are doing well, too. My older brother who is still single is working in ...

News Briefs
Philippine Daily Inquirer - 2018-01-13
Following a complaint from Nike Philippines, the BOC seized recently 2,500 sacks of apparel containing counterfeit products of such brands as Nike, Adidas and Under Armour costing at least P700 ...

Universities need to shape up
Inquirer Opinion - 2018-01-12
The USAID Science, Technology, Research and Innovation for Development (STRIDE) program is a unique initiative that aims to boost the responsiveness of Philippine universities to the science and technology requirements of the private sector. This is ...

First OFW Global Summit, a success
GMA News - 2018-01-12
And since OWWA and DFA reported an increase in their budgets for use in these type of problems it was urged that they implement win-win solutions like hiring more qualified personnel and lawyers adapted to the Middle East culture to effect better ...

Carpio declines to testify in House probe
Philippine Daily Inquirer - 2018-01-12
Supreme Court Senior Associate Justice Antonio Carpio has declined to testify in the impeachment hearings at the House of Representatives against Chief Justice Maria Lourdes Sereno, claiming "no personal knowledge" of the issues brought against her.

Corporate tax incentives estimated at 2% of GDP
BusinessWorld Online - 2018-01-11
REVENUE foregone by the government via incentives to large enterprises totaled P301 billion in 2015, equivalent to 2% of the economy, the Department of Finance (DoF) said. In a statement, Finance Undersecretary Karl Kendrick T. Chua said income tax ...

Party-list legislators to SC: Freeze implementation of tax-reform law
Business Mirror - 2018-01-11
A PETITION was filed on Thursday by three lawmakers before the Supreme Court (SC) seeking to stop the implementation of the controversial Tax Reform for Acceleration and Inclusion Act (TRAIN), or Republic Act (RA) 10963, for being unconstitutional.

Tax on compensation income, in a nutshell
Business Mirror - 2018-01-11
By the passage of the law, several provisions of the National Internal Revenue Code of 1997 were amended. One of the salient features that directly affect most employees is the change in the tax rates on compensation income from the previous 5 percent to ...

Inflation may rise as high as 4% due to TRAIN, says Lacson
Philippine Daily Inquirer - 2018-01-11
"Yung inflationary effect talagang mafe-feel ito. Why? Kasi unang una yung sa fuel. Ngayon pa lang nagtataasan na. Yung Meralco sabi nila magbababa sa Enero. Jan. 11 na tayo e pero Pebrero magtataas sila dahil may impact din sa fuel kasi gumagamit ng ...

Still Wondering Whether SCOTUS Will Resolve The Copyright Registration Debate
JD Supra - 2018-01-11
... pending at the United States Supreme Court involving the question of when a copyright holder can properly file a copyright infringement lawsuit. The petitioner, Fourth Estate Public Benefit Corp., has framed the issue in its petition for certiorari as ...

Budget chief douses hopes public school teachers for doubled pay
Philippine Daily Inquirer - 2018-01-11
Second tax reform package The second tax reform package would bring down corporate income tax rate from 30 percent to 28 percent in 2019 and to 25 percent in 2021, similar to the rates in neighboring countries. According to Diokno, the DBM plans to tap a ...

Duterte promises to double pay of public school teachers
Philippine Daily Inquirer - 2018-01-10
The second tax reform package is expected to lower the corporate income tax rate and put them at the same level as that in neighboring countries. It would also rationalize fiscal incentives. Only those that are performance-based, time bound, targeted and ...

Enjoying the TRAIN ride
BusinessWorld Online - 2018-01-10
On Dec. 19, 2017, President Rodrigo Duterte signed into law Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN), which aims to make the taxation system fairer, simpler, and more efficient. The TRAIN provisions unwrapped in December ...

Bills on revising Constitution up for discussion again in Senate
Philippine Daily Inquirer - 2018-01-10
Richard Gordon Senate Bill No. 128 by Sen. Miguel Zubiri Pangilinan, who is president of theLiberal Party, said Constitution experts and members of the academe, the business sector, labor, civil society, and other concerned stakeholders would be invited to ...

SEC warns public on risks of investing in virtual currencies
Inquirer - 2018-01-10
The SEC also warned those who invite or recruit other people to join or invest in unregistered investment contracts or securities that they may be held criminally liable or penalized in accordance with the Supreme Court decision in the case of SEC vs.

Apotex Gets PTAB To Trim OSI's Cancer Drug Patent
Law360 - 2018-01-10
Law360, New York (January 9, 2018, 7:04 PM EST) -- The Patent Trial and Appeal Board on Monday invalidated several claims in an OSI Pharmaceuticals LLC patent that covers its cancer medication Tarceva, as part of an inter partes review requested by Apotex ...

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