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‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
House panel OKs tax-free hazard pay to judges, prosecutors
A House panel has approved a substitute bill that seeks to grant tax-free hazard pay to prosecutors and judges of regional, metropolitan, and municipal trial courts......»»
To raise gov’t revenues, Recto says solution need not involve new taxes
New Finance Secretary Ralph Recto says non-tax efforts like helping businesses comply with the law will help government meet its revenue targets.....»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
Tulfo’s bill seeks to impose stricter penalties for drunk drivers
MANILA, Philippines — A bill seeking to impose stricter penalties for drunk drivers, including a fine of up to P1,000,000, has been filed by Senator Raffy Tulfo. At present, the current law penalizes drunk drivers who caused homicide with a fine ranging from P300,000 to P500,000. But Tulfo, through his Senate Bill No, 2546, proposed.....»»
‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand
‘MORE SOURCES OF POWER’ | Bizmen bracing nuclear, wind power to address growing demand.....»»
Al-Shifa Hospital raid one of the single largest operations in the war: Israeli military sources
Israeli military sources have hailed the weeklong raid on Al-Shifa Hospital in Gaza as one of the most successful operations in the ongoing conflict with.....»»
E-notice provision, other amendments to SARFAESI, DRTA in pipeline to streamline debt recovery
By Vishu AdhanaNew Delhi [India], March 19 (ANI): The Ministry of Finance has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery, sources in the ministry said. The committee held several meetings and discussions are in the "advanced stage," sources told ANI. Last month, the finance ministry held extensive discussio.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Steve Kerr, Golden State agree to $35 million, 2-year extension, AP sources say
Steve Kerr, Golden State agree to $35 million, 2-year extension, AP sources say.....»»
Negros Occidental maximizes water sources to mitigate El Nino effects
Negros Occidental maximizes water sources to mitigate El Nino effects.....»»
Baguio tests water sources as gastroenteritis cases spike
Water sources in this city are being tested amid a surge in acute gastroenteritis cases......»»
Cebu City ‘BPO Day’ on March 28 gets City Council’s okay
CEBU CITY, Philippines — The Cebu City Council approved on its third and final reading the proposed ordinance dedicating March 28 as “BPO Day” in Cebu City. The proposed ordinance authored by Councilor Pancrasio “Francis” Esparis was approved during its regular session on Wednesday, April 24. In a phone interview with Esparis, he said that.....»»
Negros Island Region law set for signing
President Marcos is expected to sign the proposed Negros Island Region law, according to lawmakers......»»
Fuel price cut expected this week
Fuel prices are expected to decrease slightly again following a minimal downward price adjustment previously, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel might go down by 20 to 30 centavos per liter and gasoline by 30 to 50 centavos per liter. ALSO READ: Fuel prices rise.....»»
Philippines wraps ITB Berlin with P489-M projected revenue
The Philippines concluded its participation in the Internationale Tourismus-Börse (ITB) Berlin 2024 in Germany last month, drumming up sales leads with projected revenue amounting to over P489 million......»»
LRT-2 revenue, ridership up in 2 months
The Light Rail Transit Authority grew its revenue collection by double digits in the first two months of the year, reaping the benefits of recovering ridership at the Light Rail Transit Line 2......»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»