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PIRMA head faces Senate contempt raps
The People’s Initiative for Reform, Modernization and Action or PIRMA must divulge to the Senate the names of donors who funded the television ad bashing EDSA people power or face criminal charges, Senate Deputy Minority Leader Risa Hontiveros warned yesterday......»»
Senate OKs Eddie Garcia bill on third reading
The Senate yesterday approved on third and final reading the so-called Eddie Garcia bill, which seeks to protect movie and television workers from unfair treatment and poor working conditions......»»
Senate probe sought on smuggling of luxury cars
Gatchalian, who chairs the Senate ways and means committee, said that the Senate investigation aims to determine "revenue leaks" from the smuggling of luxury cars......»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Franchise consolidation ‘not slow’
Franchise consolidation ‘not slow’.....»»
Medical marijuana bill reaches Senate plenary
The bill seeking to legalize medical marijuana in the Philippines has reached the Senate plenary, the first time in the history of the upper chamber, according to a cannabis lawyer......»»
Labor groups cheer Senate’s approval of P100 wage hike bill
Labor groups cheer Senate’s approval of P100 wage hike bill.....»»
Marian Rivera, Dingdong Dantes witness Senate pass Eddie Garcia bill, honor Rewind
The Eddie Garcia bill passed the Senate on final reading with several celebrities present, including Iza Calzado, Ricky Davao, Randy Santiago, Tirso Cruz III, Martin Nievera, Pops Fernandez, celebrity couple Marian River and Dingdong Dantes, and Garcia's wife Lilibeth Romero......»»
Senate tackles bill vs game-fixing
A bill pushing for a law against game-fixing and also promoting professionalism in sports was been raised before the Senate Committee on Sports Wednesday......»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
‘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 tax proposals seen to yield P213 billion revenue
The Marcos administration expects to generate P213 billion over the next five years from the priority tax proposals of the Department of Finance......»»
Tax break for 2-wheeled EVs gains ground in Congress
Giving tax breaks for two-wheeled electric vehicles is getting more support from Congress, as a bill aiming for their inclusion in the list of vehicles benefiting from tariff reduction has been filed in the House of Representatives......»»
Amid House-Senate rift, Romualdez seeks common ground on Cha-cha with Zubiri
After the Senate delivered a scathing rejection of the ongoing People’s Initiative (PI) campaign to amend the Charter, House Speaker Martin Romualdez has reached out to Senate President Juan Miguel Zubiri to express the lower chamber's support for an alternative PI led by the upper chamber......»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»
Vape products found with P151 million tax deficiencies
More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»
BIR files case vs Ever Bilena over P1.6 billion tax liability
The Bureau of Internal Revenue has filed criminal charges against popular cosmetics brand Ever Bilena for allegedly failing to settle at least P1.6 billion in tax liability......»»
Ever Bilena tax liability pegged at P1.6 billion
The alleged tax deficiency of popular cosmetic brand Ever Bilena has ballooned to P1.6 billion, according to the Bureau of Internal Revenue......»»