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Rules of CREATE law expected in May

The newly-reconstituted Fiscal Incentives Review Board expects to complete the implementing rules and regulations of the Corporate Recovery and Tax Incentives for Enterprises Act by the third week of May, or around two months ahead of the 90-day deadline set under the law, the Department of Finance said over the weekend......»»

Category: financeSource: thestandard thestandardApr 19th, 2021

With pledges up, PEZA says investors either unfazed or worried

“Whether or not this was affected by CREATE, we would have to wait for the IRR (implementing rules and regulations),” PEZA said......»»

Category: financeSource:  philstarRelated NewsMay 12th, 2021

CREATE to offset 1-week ECQ impact

As the approved Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law would be the biggest stimulus measure of the country, the possible impact of the imposed enhanced community quarantine or ECQ for one week was expected to be offset by such. Michael Ricafort, chief economist at the Rizal Commercial Banking Corp. said that the […] The post CREATE to offset 1-week ECQ impact appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 28th, 2021

California relaxes park reopening rules

Los Angeles, United States (AFP) — California on Friday paved the way for Disneyland, other theme parks and outdoor stadiums to welcome guests back sooner than expected as it relaxed reopening criteria following a sharp decline in Covid-19 cases and pressure from operators. The move announced by the state health department will permit ballparks, stadiums […] The post California relaxes park reopening rules appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 7th, 2021

Market cautious, awaits less rigid quarantine rules

Share prices are expected to trade sideways with a positive momentum during this shortened trading week as the government considers further relaxation of quarantine measures......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2021

Word to the artistic

From national artists to award-winning actors and drag queens, inspirational words of advice from our local creatives Last year brought us to our knees, yet here we are standing tall with courage, facing 2021 with hope and a positive perspective. To give us more inspiration to create and explore new things this year, the Manila Bulletin has compiled some quotes from creative individuals, from national artists to award-winning actress. May their words of wisdom bring out the creative urges in all of us, as we make this world a better, more colorful, more meaningful place to live in. Kidlat Tahimik, national artist for film We are all adjusting to the new normal—new rules and new protocols. I’m sure that most artists are taking this time to take art deeper into their hearts. After all, you have nothing to do but just to be productive. *** Ian Inoy, biromantic pansexual artist Every move I made with my art before had this follow up question in my head, asking if it would look gay or not. Now that I’ve fully accepted myself, nothing like that matters anymore. I no longer have the fear of hearing people perceiving my art as “too gay or girly.” *** Heart Evangelista/Love Marie Ongpauco Escudero, actor, painter Express yourself in art. See how art can move you or distract you from distress or how art can bring the best out of you. I notice that my paintings have been a bit muted these days. I feel it’s a bit because of the drama that’s going on around us. In a weird way, I find beauty in sorrow and the way my colors have been coming out, I like what’s happening. I’ve always been like this anyway. I find something beautiful about my emotions, no matter how dark they are, and I translate all that into art. *** Whatsoever you do, if you do it joyfully, if you do it lovingly, if your act of doing is not purely economic, then it is creative.—Osho, Creativity unleashing the forces within *** Kate Adajar, blogger artist The uncertainty Covid-19 brings has triggered confusion, anxiety, and mixed emotions in me. But the lockdown has also given me time to focus on and practice my art. Being in quarantine has allowed me to look at my craft not only as a creative outlet but also as a form of stress release. It has suddenly become therapeutic and meditative. *** F. Sionil Jose, national artist for literature Photo by Noel Pabalate Artistry is something that is created not just by intellect but by passion. And you stop being a craftsman. That is when you become an artist. You cannot be an artist without being a craftsman first. *** Miz Kiki Krunch, drag queen I am more creative as a gay person. My drag persona brings out the best and most authentic part of me. I can express myself better, I can perform better when I channel my weirdness, my “freak,” my truth. *** Cherie Gil, actor Everything can be learned as long as one sets one’s mind and heart to it. There is also no age limit to learning anything. Acting—what is it really but reliving lives and telling their stories. But this requires a lot of work to excavate the instrument to be able to truthfully do just that. It’s not easy. It takes a lot of balls to share one’s personal inner sanctum. *** Iana Cris Forbes, owner of art shop Quiversmiths Pursue what you want. At first, it was hard for me because I wanted to be a painter, I wanted to be a sculptor, I wanted to be a graphic artist, I wanted to be a wedding colorist, I wanted to stitch, I wanted to make bags and shoes and jewelry. But I haven’t seen a person doing all of those!. Before, I could not see any future in them but here they are now. I’m doing everything all at once and I’m fine. I’m happy living multiple lives. It’s like connecting the dots. My hobbies are now my sources of living and I couldn’t be more thankful. *** BenCab, national artist for visual arts This pandemic gives artists more time for their art. It’s usually better for an artist to be locked-in because you work on your own. *** Natasha Aliño, jewelry artist It’s been said many times and my mother always says this whenever I feel frustrated, which most people would feel when they’re starting something new—“trust the process.” This is more of a reminder when you’re in that headspace. Another thing is when you are learning a certain skill, do it so with purpose and authenticity. Then you can confidently say after some time that you can indeed trust the process. Never stop learning and inspiring others on your journey. Photos from the artists’ respective social media accounts and websites.....»»

Category: newsSource:  mb.com.phRelated NewsJan 17th, 2021

Total PEZA project approvals exceed 300

Total projects approved by the Philippine Economic Zone Authority reached over 300 for the year, which are expected to create 70,000 jobs......»»

Category: financeSource:  philstarRelated NewsDec 25th, 2020

CREATE to end investor uncertainty

A bill that seeks to cut the corporate income tax rate and rationalize incentives recently approved by the Senate is expected to put an end to investor uncertainty and is seen by the Department of Trade and Industry to allow the country to attract more investments......»»

Category: newsSource:  philstarRelated NewsNov 29th, 2020

Millions more face English virus restrictions as cases spiral

Millions more people in northern England face stricter coronavirus rules next week, officials said Friday, as reports suggested the government is considering a nationwide lockdown. A digital display shows NHS health advice on the coronavirus in Leeds on October 30, 2020. – West Yorkshire is to be placed under tier three Covid restrictions from November 2, 2020, the strictest level of rules. (Photo by Lindsey Parnaby / AFP) From Monday, nearly 2.4 million residents in five districts of West Yorkshire, including in the city of Leeds, will be barred from socialising with other households indoors. Pubs and bars not serving “substantial meals” must close, alongside casinos and betting shops, while people have also been told to avoid unnecessary travel. The Department of Health said the measures were needed as infection rates in West Yorkshire were among the highest in the country and rising rapidly. The Times reported Friday that Prime Minister Boris Johnson was considering a return to a national lockdown to battle the surge. Johnson was expected to hold a press conference on Monday to announce new restrictions, which would close everything except “essential shops”, schools and universities, the paper said, quoting a government source. In its weekly study of Covid-19 prevalence, the Office for National Statistics (ONS) said the number of people with the virus had increased to around one in 100 nationwide. “There has been growth in all age groups over the past two weeks; older teenagers and young adults continue to have the highest current rates while rates appear to be steeply increasing among secondary school children,” it said. The country’s official science advisory panel warned in a report published Friday that the virus was spreading “significantly” faster and that hospitalisations were rising at a higher rate through England than its predicted “worst-case” scenario drawn up in July. The report said that in mid-October, shortly before new local rules were introduced, around four times as many people were catching Covid than anticipated in the July report. That study warned that 85,000 more people could die during the winter wave. West Yorkshire’s imminent restrictions are the latest step in the UK government’s localised response to the surging transmission, which has come under increasing scrutiny in recent weeks. More than 11 million people — about a fifth of England’s population — will be under the tightest measures from next week. Most of the areas in the “very high” category of the government’s three-tier Covid alert system are in northern and central parts of the country. Nottingham became the latest city to enter the highest tier Friday. On Thursday night, young people took to the streets in fancy dress and drank in large groups before a ban on alcohol sales in shops came into force at 2100 GMT. – ‘Targeted’ – The pandemic has hit Britain harder than any other country in Europe, with more than 45,000 people having died within 28 days of testing positive. Case rates are spiralling again after a lull, tracking the situation elsewhere on the continent. England is seeing nearly 52,000 new cases daily, a 47 percent weekly rise, according to the ONS, which conducts its analysis of households with the help of several universities and health bodies, and excludes people in hospitals and care homes.  Britain’s European neighbours and the devolved governments in Scotland, Wales and Northern Ireland have reimposed partial lockdowns to try to cut infection rates. Foreign Secretary Dominic Raab said Friday the government would continue its “targeted and focused” strategy of local restrictions in virus hotspots. “The arbitrariness of a blanket approach would be far worse than the effects of trying to be as targeted as possible,” he said. Meanwhile, a new study reported Friday that a Covid-19 variant originating in Spanish farm workers has spread rapidly throughout Europe in recent months and now accounts for most cases in Britain. The variant — called 20A.EU1 — is thought to have been spread from northeastern Spain by people returning from holidays there, according to the study, which is awaiting peer review in a medical journal. There is currently no evidence that the strain spreads faster or impacts illness severity and immunity......»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2020

Flat trading seen this week; laxer quarantine rules eyed

Trading at the Philippine Stock Exchange is expected to remain on sideways mode again this week as investors await the government’s decision to ease the quarantine rules in Metro Manila and key regions......»»

Category: financeSource:  thestandardRelated NewsSep 27th, 2020

Terror law IRR review ongoing

Justice Secretary Menardo Guevarra on Monday said the review of the implementing rules and regulations (IRR) of the Anti-Terrorism Law (ATL) is still ongoing. Guevarra said the review may be completed sooner than expected and the draft could be finished before the 90-day period lapses, or on 16 Oct. The first draft of the IRR, […] The post Terror law IRR review ongoing appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 21st, 2020

DOJ expects early completion of anti-terror law’s IRR

The implementing rules and regulations of the Anti-Terrorism Law may be completed sooner than expected, according to Justice Secretary Menardo Guevarra......»»

Category: newsSource:  philstarRelated NewsSep 18th, 2020

GAB backs PBA plan on bubble

The PBA is expected to get the backing of the Games and Amusements Board in its plans to create a “bubble” for the league’s eyed restart......»»

Category: sportsSource:  philstarRelated NewsAug 29th, 2020

Cleanfuel Strengthens Retail Network in Southern Manila

Now serving with the newest technologies implemented to create high-tech fuel for your vehicles, Cleanfuel, believes in the resiliency of the Filipino people that would bring and sustain solid economic recovery amid health crisis. Their recently opened retail station at Doña Soledad in Parañaque City shows a testament that the company remains upbeat in expanding their network footprints in Southern portion of Metro Manila.   “While 2020 is a challenging year, Cleanfuel has remained optimistic riding in the resiliency of Filipinos towards economic recovery. This is the reason why Cleanfuel Group of Companies continues to invest and opened more stations as a testament and commitment to its people to provide top-notch fuel to every motorist,” said Atty Bong Suntay, President of Cleanfuel. “The opening of the new station in Doña Soledad is in line with Cleanfuel’s goal to expand its reach and strengthen its customer base in the Southern part of Metro Manila,” Suntay said. Situated at the busy thoroughfare of Doña Soledad Avenue Extension at Barangay Don Bosco in Parañaque City, the new station offers a top-notch fuel and lubricants including Clean91 (Unleaded), Premium 95 gasoline, and Euro-4 diesel. It provides access to both public and private motorists from Better Living going to Moonwalk, connecting in the bustling intersection of eastern Parañaque.  In addition, the second district of Don Bosco is the primary residential Barangay of Ninoy Aquino International Airport and one of the 16 Barangays in Parañaque City. Key factors of the city’s progress include banks, shopping malls, restaurants, residential properties, and commercial manufacturing. Motorists heading towards the busy streets of Doña Soledad Avenue Extension from east-west and northern side of Parañaque can gas up to experience Cleanfuel’s brand mantra: Quality fuel for Less! Further, Cleanfuel Doña Soledad station will become a key driver of growth to more than 60,000 population of Barangay Don Bosco. As the city relies on shopping centers as part of major contributors, the company sees that the opening of Cleanfuel Doña Soledad will further strengthen and boost economic confidence. “We’re grateful and honor to inaugurate Cleanfuel Doña Soledad as our first station to open in these unprecedented times. The economy in the City of Parañaque has been growing consistently with massive projects in property and commercial manufacturing,” the company’s chief executive said.  Suntay adds that in the next coming months Cleanfuel is adding more stations not only in NCR but also in provinces to provide quality fuel for business and opportunities for others. “We intend to leverage our business aggressively and expand our retail network across the country, focusing on Mega Manila and Northern Luzon,” concludes Suntay.  Cleanfuel is expected to open more stations in coming weeks in Ortigas Avenue Extension in Pasig and mega branch in Mabalacat Pampanga as part of the long-term business expansion plan. Aside from expansion, the company has extended its support by providing fuel subsidy for the Department of Transportation’s (DOTr’s) Free Bus Ride for Health Workers Program and drive relief donations to northern provinces, which include Pangasinan (Villasis, Binalonan, Pozorrubio) and San Fernando (La Union) and other cities in Metro Manila......»»

Category: newsSource:  mb.com.phRelated NewsAug 1st, 2020

SC allows remote notarization

The Supreme Court (SC) has decided to allow the remote notarization of documents to help prevent the spread of the deadly 2019 novel coronavirus disease (COVID-19).  “Safeguarding the public’s health in view of the COVID-19 pandemic, the Supreme Court will allow the notarization of documents through videoconferencing in cases where the notary public holds office in an area under community quarantine,” the SC Public Information Office (SCPIO) said in a statement on Friday.  The SCPIO said the high tribunal has issued instructions on this under Administrative Matters (AM) No. 20-07-04-SC, the 2020 Interim Rules on Remote Notarization of Paper Documents.  “Until the SC directs otherwise, the Rules shall apply to permit the performance of notarial acts through the use of videoconferencing facilities in cases where the notary public or at least one of the principals resides, holds office, or is otherwise situated in a locality that is under community quarantine due to COVID-19, as directed by the Inter-Agency Task Force for the Management of Emerging and Infectious Diseases (IATF), the provincial governors or mayors, both governors and mayors having the concurrence of the relevant regional counterpart body of the IATF,” read the interim rules. Under the rules, the notary public should not accept the notarial act requested “if the principal or witnesses refuse/s to appear before the notary public through videoconference.” The rules also state that a notary public may “refused to perform the notarial act in the event that the principal or witnesses exhibit/s behavior that engenders reasonable doubt as to his or her or their understanding of the instrument or document or otherwise indicates a defect in his or her or their consent thereto.” The SCPIO said the rules shall be “limited to the notarization of paper documents and instruments with handwritten signatures or marks through the use of videoconferencing facilities,” adding it “shall not apply to the execution of notarial wills.”  The SCPIO noted the rules will take effect 15 days following its publication in the Official Gazette or in at least two newspapers of national circulation.  The SC also directed the Integrated Bar of the Philippines (IBP) “to create and disseminate to the general public a register of notaries public in all the chapters of the IBP who shall undertake the performance of notarial acts in accordance with these Rules.”  “This register shall indicate the names, contact numbers, e-mail addresses of the said notaries public, and the territorial jurisdiction of the court which issued their respective commissions,” and “published by the IBP in its website, and in any medium it may deem appropriate,” it added......»»

Category: newsSource:  mb.com.phRelated NewsAug 1st, 2020

Ateneo s Jho Maraguinot on one more year: Matanda na ako

Jho Maraguinot was nothing but thrilled to be teammates with younger sister Jaja for Ateneo de Manila University in UAAP 82. "First time ko maglalaro with my sister so sobrang excited ako like everyone in the family," she said in last Friday's The Prospects Pod. "Alam naman din namin yung na dahil sa pinagdaanan namin sa training, magiging maganda yung season." Enter COVID-19, unfortunately. The continuing crisis, at first, suspended the season after the Maraguinots and the Lady Eagles had already played two games. And ultimately, the pandemic forced the league to cancel all of Season 82. With that, Jho did get to play with Jaja - but not all throughout a tournament. And with that, the older Maraguinot's fifth and final year ended earlier than expected. Even if that would come to fruition, however, Jho says - for now, at the very least - she's leaning towards just letting unfinished UAAP 82 be her last. "For me, mahirap na decision siya. Personally, ako, matanda na ako e. Pumasok ako ng Ateneo, I was 16 or 15 tapos, if maglaro man ako next year, aalis ako 25," she shared. She then continued, "Parang, it's too long na for me. Sana nag-double-degree na ako." At the same time, though, the spiker knows full well how special it still is to be able to play with her sister - especially with the latter getting to be the setter for the former. "Actually, sinabihan na nga niya ako, pero pinangunahan ko na rin siya. Sinabi ko sa kanyang, matanda na ako ha. Yung mga rookies ko nung senior na ako, graduate na rin so gusto mo pa rin ba ako mag-stay?" she said. Only time would tell if eligibility rules would be relaxed and whether or not Maraguinot makes use of it. For now, though, she has this to say to the Ateneo faithful: "Thank you sa inyong lahat. Next season, magkakatabi na tayo sa bench." --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJul 18th, 2020

Mickelson added to field in a US Open without qualifying

By DOUG FERGUSON AP Golf Writer The USGA is leaning a little more on the world ranking and a lot more on tournament results over the next two months to fill the 144-man field for a U.S. Open that will be without open qualifying for the first time in nearly a century. The exemption categories announced Thursday include a spot for Phil Mickelson. A runner-up six times in the only major Lefty hasn’t won, the most devastating was in 2006 at Winged Foot, just north of New York City, where the U.S. Open is set to return Sept. 17-20. The COVID-19 pandemic that forced the U.S. Open to move from June also cost the championship its identity of being open to all. Open qualifying wasn’t possible for two stages at nearly 120 courses across the country and into Canada, England and Japan. The idea was to create a field that reflected a typical U.S. Open — the elite and the aspiring, from every continent in golf, pros and amateurs. And while it won’t be 36 holes of qualifying, it still comes down to playing well. “We are excited that players will still have an opportunity to earn a place in the field,” said John Bodenhamer, senior managing director of USGA championships. The top 70 from the world ranking on March 15 are exempt. Along with increasing that category by 10 spots, the USGA chose to use the last ranking before it was frozen during the shutdown in golf worldwide. That helps European Tour players, such as Eddie Pepperell and Robert MacIntyre, who are not able to play until July 9 — a month after the PGA Tour resumed with strong fields and big ranking points. That also momentarily leaves out Daniel Berger, who went from outside the top 100 to No. 31 with his victory against a stacked field at Colonial. But the USGA will use the Aug. 23 ranking — after the first FedEx Cup playoff event — as its reserve list, and about seven spots are expected to come from there. Mickelson was No. 61 when the ranking was frozen, and now is at No. 66. Mickelson, outspoken about the USGA and how it sets up U.S. Open courses, said in February that he would not ask for a special exemption if he was not otherwise eligible. With his five majors and Hall of Fame career — not to mention his legacy of silver medals in the U.S. Open — Mickelson likely would have received at least one exemption. Now he won't have to worry about that. In 2006, Mickelson had a one-shot lead playing the 18th hole when he drove wildly to the left and tried to hit 3-iron over a tree. He hit the tree, hit into a plugged lie in the bunker and made double bogey to finish one shot behind Geoff Ogilvy. Bodenhamer said the 36-hole qualifier in England typically is the strongest, along with one in Ohio after the Memorial. Thus, 10 spots will be awarded to the leading 10 players (not already eligible) from a separate points list of the opening five tournaments on the European Tour’s U.K. swing when its schedule resumes. The Korn Ferry Tour also gets 10 spots — five from this season’s points list through the Portland Open, and then a special points list of three events that typically comprise the Korn Ferry Tour Finals. The leading five players from that list also get into Winged Foot. “We’ve got a pretty good mix of players,” Bodenhamer said. “Looking at the data, looking back at what the fields have been the last five years, there was a lot of Korn Ferry representation. We wanted to create pathways and allow those categories to earn their way in.” That held true for the amateurs. The U.S. Open already has six amateurs who earned spots by winning the U.S. Amateur or British Amateur, for example. The USGA also will take the leading seven amateurs available from the world amateur ranking on Aug. 19. The rest of the field is similar to what the British Open has done with its International Finals Qualifying for the PGA Tour. Two spots from the top 10 will earn exemptions from the Memorial, 3M Open, Barracuda Championship, FedEx St. Jude Invitational and Wyndham Championship. Three spots will be available from the PGA Championship. And for the international presence, two spots will be given to the leader money winner in the most recent season on the Sunshine Tour in South Africa, the Asian Tour, the PGA Tour of Australasia and the Japan Golf Tour, which gets two spots. “We think this is the best path forward,” Bodenhamer said......»»

Category: sportsSource:  abscbnRelated NewsJun 25th, 2020

Poland adopts vote rules, paving way for presidential poll

Poland on Tuesday came a step closer to holding a presidential election, delayed by the coronavirus pandemic, as parliament adopted rules allowing both postal and conventional voting in a ballot expected later this month......»»

Category: newsSource:  thestandardRelated NewsJun 3rd, 2020

CREATE bill expected to attract more foreign capital

The passage into law of the proposed Corporate Recovery and Tax Incentives for Enterprises Act bill is expected to give the country a “fighting chance” of luring more foreign direct investments under the “new normal,” an umbrella group of business organizations representing 30,000 large and micro, small and medium enterprises across the country said......»»

Category: financeSource:  thestandardRelated NewsMay 31st, 2020

Rules set to keep workplace COVID-free

With some factories expected to resume soon, the Department of Labor and Employment and Department of Trade and Industry yesterday released guidelines on how to prevent the spread of coronavirus disease 2019 in the workplace......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2020

IRR signed on Murang Kuryente Act of 2019

Consumers are expected to save P0.86 per kilowatt-hour following signing of the implementing rules and regulations of the Murang Kuryente Act......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2020