THE PHILIPPINE Justice department has promised the Japanese government that it will expedite the deportation of four detained Japanese nationals who are suspected of masterminding a series of robberies in their home country. Justice Secretary Jesus Crispin C. Remulla, at a press briefing streamed live on Facebook on Tuesday, said three of the suspects cannot […]
Tag: local
Marcos files bill scrapping iodization requirement for locally-made salt
A BILL that will remove the iodization requirement for locally-produced salt has been filed at the Senate. “Local salt producers will now be able to access assistance provided under the ASIN (An Act for Salt lodization Nationwide) Law without the requirement for iodization, giving the industry much needed technology transfer, capital, and support services,” Senator […]
Agencies’ budget utilization rate rises to 98% in 2022
THE cash utilization rate posted by government agencies hit 98% at the end of December, the Department of Budget and Management (DBM) said. In a report on Tuesday, the DBM said the National Government, local governments and state-owned firms used 98% of the P4.42 trillion in funding allocated to them based on the year-end tally […]
VAT zero-rating application never goes out of style
Various changes relative to VAT have been implemented through the years. It cannot be denied that with the removal of the cross-border doctrine relative to sales to ecozones and freeport zones, VAT zero-rating has been suspended but is now fully implemented. VAT zero-rating application was implemented starting 2005 but came into focus again recently due […]
PSEi to stay at 7,000 level ahead of GDP report
THE MAIN INDEX may move sideways this week and remain at the 7,000 level as investors await the release of full-year 2022 gross domestic product (GDP) data and corporate earnings. The 30-member Philippine Stock Exchange index (PSEi) went down by 5.39 points or 0.07% to close at 7,056.52 on Friday, while the broader all shares […]
Supermarket group proposes that gov’t help manufacturers source raw materials
A SUPERMARKET industry association proposed that the government aid manufacturers in sourcing raw materials from the Philippines as a means of keeping prices low. Steven T. Cua, Philippine Amalgamated Supermarkets Association president, said government aid in local sourcing will help temper manufacturer price increases. “It would augur well for our economy if the (Department of […]
Measure creating LGU business permit officer position hurdles House panel
THE House committee on local government has approved a bill that proposes to create the position of business permit licensing officer, its chairman said. “By institutionalizing the position of the business permit and licensing officer (BPLO), we are also creating efficiency in local government in the delivery of frontline services, like the issuance of business […]
Tax Notes: BIR clarifies new revised VAT rules for REEs under Create Law
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 152-2022 to provide clarifications and guidelines on the implementation of certain provisions in Revenue Regulations (RR) 21-2021 and RMC 24-2022 and RMC 49-2022 regarding the revised value-added tax (VAT) rules for Registered Export Enterprises (REEs) under the Create Law. What is the VAT […]
Business groups see a better year, but challenges abound
By Revin Mikhael D. Ochave, Reporter LOCAL business groups are expecting a better year for their respective sectors despite the global economic challenges that may hinder the country’s growth prospects. Ebb Hinchliffe, American Chamber of Commerce of the Philippines (AmCham) executive director, told BusinessWorld via mobile phone interview that the overall sentiment in the group […]
Marcos orders continued suspension of e-sabong
PRESIDENT Ferdinand R. Marcos Jr. has issued Executive Order (EO) 9 directing the continued suspension of electronic sabong (e-sabong) operations nationwide, the Office of the Press Secretary said. The Philippine Amusement and Gaming Corp. (Pagcor) defines e-sabong as “the online/remote or off-site wagering/betting on live cockfighting matches, events and/or activities streamed or broadcasted live from […]
Congressman seeks review of travel, transport allowance for local government workers
THE GOVERNMENT should update the travel and transportation allowance rates for civil servants in local governments, a move that could help boost the tourism sector, a senior legislator said. House Ways and Means Chair Jose Ma. Clemente S. Salceda called on the Department of Budget and Management (DBM) and the Department of Interior and Local […]
Samsung collaborates with top local CG production team to present immersive 3D programme Impossible Gifting Factory
HONG KONG, Dec 22, 2022 – (ACN Newswire via SEAPRWire.com) – Samsung, a worldwide leader in technological innovation, is generating a buzz of excitement in town this winter with a massive outdoor “immersive 3D” new photo hotspot for the holidays! After working with Japanese and Korean teams, Samsung is collaborating with local creative team DL […]
Bicol town receives solar systems to power wells
THE Department of Energy (DoE) said it installed solar-powered pumps to extract potable water from deep wells in Goa, Camarines Sur, as part of a demonstration project for local government units (LGUs), which are being encouraged to adopt more renewable energy (RE) in their communities. “Through investments in off-grid and rural RE systems, local government […]
Gov’t agencies’ cash usage hits 94% at end of Nov.
GOVERNMENT agencies raised their cash utilization rate to 94% by the end of November, the Department of Budget and Management (DBM) said on Tuesday. The National Government, local governments and state-owned firms used 94% of the P4.01 trillion worth of Notices of Cash Allocation (NCAs) issued to them in the first 11 months, leaving P257.94 […]
Doctors’ group raises alarm on possible job loss for 10K workers
A GROUP of doctors who previously served under the government’s rural deployment program raised concern on Tuesday over the potential job losses of more than 10,000 health workers if local governments cannot sustain the Department of Health’s (DoH) human resource program. In a statement, Doctors to the Barrios Batch 28 said the government should ensure […]
DILG urged to push LGUs pass ‘Buy Local’ ordinance
ONLY two local government units (LGUs) in Central Visayas out of 132 LGUs passed the “Buy Local” ordinance amid the Regional Development Council’s (RDC) 7 backing and two-year campaign. Because of this, the Economic Development Committee (EDC) is recommending that the RDC 7 request the Department of the Interior and Local Government 7 to issue […]
Bohol official says tourism code to address overpricing issues
A PROVINCIAL Board member of Bohol said price regulation for goods and services will be included in the proposed local tourism law after another issue of overcharging, this time involving van drivers. Board Member Tita V. Baja, chair of the committee on tourism and urban/rural development, said “regulating the prices or commissions, may be considered […]
Political dynasties, parliament representation raised in consultations for Bangsamoro, election codes
ADDRESSING political dynasties and ensuring fair representation in parliament were among the issues raised as members of the Bangsamoro transitional government held consultations this week for the proposed regional laws on elections and local governance. The latest round of discussions was held in the island provinces of Basilan, Sulu, and Tawi-Tawi, where groups of Bangsamoro […]
Local shares fall on last-minute profit-taking
LOCAL STOCKS declined further on Monday on profit-taking ahead of the release of November inflation data. The 30-member Philippine Stock Exchange index (PSEi) lost 47.52 points or 0.73% to close at 6,442.13 on Monday, while the broader all shares index decreased by 15.72 points or 0.46% to 3,403.93. “Local stocks continued to falter amid persisting […]
Gov’t urged to extend devolution transition for LGUs
LOCAL GOVERNMENT units (LGUs) should be given more time for the smooth transition of devolved functions from the National Government (NG) agencies, according to a report. A Mandanas-Garcia Ruling Transition Report by the Department of the Interior and Local Government (DILG) and the United Nations Development Programme (UNDP) in the Philippines called the implementation of […]