Senator asks peers to review contradictions in gov’t enforcement of Corporate Recovery law

A RESOLUTION that seeks to review the government’s enforcement of a law that extends fiscal relief to local and foreign corporations in the Philippines has been filed at the Senate. Senator Ana Theresia N. Hontiveros-Baraquel in Senate Resolution 219 called on her peers to convene as an oversight committee to review the rules that enforce […]

DOLE backs wider adoption of remote work schemes

THE Department of Labor and Employment (Dole) on Sunday, Sept. 18, 2022, called on employers and workers to mutually adopt telecommuting programs to help sustain the country’s economic recovery, as it has expanded the work-from-home scheme.Labor Secretary Bienvenido Laguesma signed Department Order 237, which contains the revised implementing rules and regulations (IRR) of the telecommuting […]

NEDA proposes changes to arbitration and MAGA clauses in revised rules for BOT Law

THE NATIONAL Economic and Development Authority (NEDA) proposed new revisions to the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, which reflect the government’s willingness to share the risk in public-private partnership (PPP) projects. The draft rules, which were uploaded on the NEDA website, showed changes to the provisions on arbitration and material […]

GCL-Poly has Fulfilled all Resumption Guidance and will Resume Trading

HONG KONG, Oct 31, 2021 – (ACN Newswire via SEAPRWire.com) – Having fulfilled the five conditions set out in the Resumption Guidance on 29 October 2021, GCL-Poly Energy Holdings Limited (Stock Code: 3800.HK) (“GCL-Poly” or the “Company”; together with its subsidiaries, the “Group”) has made an application to The Stock Exchange of Hong Kong Limited […]

Duterte tightens quarantine over NCR because of Delta variant

President Rodrigo R. Duterte on Friday approved the recommendation of his pandemic task force to enforce stricter quarantine rules in Manila, the capital, and nearby cities amid the threat of the more contagious coronavirus variant that is ravaging Southeast Asian countries, according to the presidential palace.   The National Capital Region (NCR) would be placed under a general […]

PSG to enforce strict health rules during Duterte’s last SONA

The President’s security force said on Friday that it is all set to handle the last State the Nation Address (SONA) of President Rodrigo R. Duterte, saying stricter rules would be enforced during the annual activity.  The Presidential Security Guard (PSG) said that it had created a task force as early as May “for early planning and preparation with regard to security” for the annual presidential address.   “With less than a week […]

PEZA flags ‘more restrictive’ import tax rules under CREATE

THE Philippine Economic Zone Authority (PEZA) raised possible problems its locators might encounter with new import tax rules after the implementation of a new law that cuts corporate income taxes and rationalizes incentives. The investment promotion agency foresees “certain issues” once the law is implemented, noting that it expects rules on the duty-free import of […]

NPC touts advantages of privacy certification

THE National Privacy Commission (NPC) said it will be rolling out a voluntary certification scheme to monitor companies’ compliance with international privacy standards. Privacy Commissioner Raymund E. Liboro said that companies’ data privacy representatives should invest in earning certifications and seals of approval from the commission. The NPC in a statement Monday said it will […]