MANILA -The Philippine Exporters Confederation, Inc. (Philexport) is pushing Congress to pass several economic and trade-related bills amid the industry’s weaker-than-expected performance this year and the looming certainty that it will miss export targets for 2023. Philexport president Sergio Ortiz-Luis Jr. said that there are much needed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, citing in particular the provisions on the value-added tax (VAT) zero rating given as incentives to government-registere ...
The government’s tax collection from the overseas gambling business is falling as operators close shop and their mostly Chinese workers are fleeing the new coronavirus in the Philippines, the count...
A most enlightened piece of legislation has been proposed by former President and now Pampanga Rep. Gloria Macapagal-Arroyo, with her son Camarines Sur Rep. Diosdado Arroyo as co-sponsor. The bill amends Republic Act 8187, otherwise known as the Paternity Leave Act of 1996, and proposes that married male employees should be entitled to paternity leaves beyond the current limit of four deliveries and in all succeeding deliveries of their respective spouses. The proposal is based on very sound scientific and moral grounds. Scientifically, it has ...
The board has also approved the extension of the certificate of tax exemptions (CRTE) to... freight business), APT Travels Inc., Trans-Global Trucking Inc., Perry’s Fuel Distribution Inc....
Former U.S. Secretary of State James Baker talks about the country's debt problems and automatic spending cuts.
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The long-drawn-out legal battle between the Bases Conversion Development Authority (BCDA) and businessman Robert Sobrepeña’s CJH Development Corp. (CJH DevCo) over a 247-hectare portion of Camp John Hay may finally be nearing its conclusion. But what will happen to the sublessees who have nothing to do with their dispute? Most of them have signed up lease contracts with CJH DevCo that are valid up to 2046. “We’ve already approached them and some have agreed to sign direct contracts of lease with us, so it’s not a problem,” BCDA presi ...