Malacañang said the current issues in the West Philippine Sea did not arise during President Duterte's watch as this was a problem inherited from the previous administration. File photo of Chinese vessels spotted at the Julian Felipe Reef on March 27, 2021 (Photo courtesy of National Task Force...
Senator Cynthia Villar on Monday, April 26, praised the reported achievements of government agencies in implementing the Rice Tariffication Law (RTL), particularly the funds meant to aid local rice farmers amid the liberalized importation of the commodity. (MANILA BULLETIN File Photo/Jansen Romero)...
Implementation of the Strategic Investment Priorities Plan (SIPP), a list of priority areas that will be entitled to tax incentives under the new Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is expected to take effect in January 2022. Trade and Industry Undersecretary...
As the only country in the world with a constraining deposits secrecy law, the Bangko Sentral ng Pilipinas (BSP) will request President Duterte to certify the proposed measures on Bank Secrecy Law as urgent, particularly the BSP’s version of the law as House Bill No. 8991. BSP Governor Benjamin...
The newly reconstituted Fiscal Incentives Review Board (FIRB) aims to complete the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law ahead of the deadline. Following the first meeting of the FIRB board last April 14, the body set May...
Rex Education signs new authors to publish first comprehensive law book about it A young Muslim woman assists her grandmother in casting her vote for the ratification of the Bangsamoro Organic Law in Cotabato City on Monday, January 20, 2019 (Keith Bacongco/ MANILA BULLETIN) Prior to it being a...
Existing registered business enterprises (RBEs) in the Philippine Economic Zone Authority (PEZA) or other investment promotion agencies (IPAs) might find the new CREATE Law as ‘bad faith’ on the part of the government. This was raised by PEZA Deputy Director General Tereso Panga following the...
The local stock market is seen to continue falling as COVID-19 cases in the Philippines remain on the uptrend while investors see the CREATE Law as not enough to help listed firms hurdle their pandemic-related problems. “Next week, we still see a downward bias for the local market as our COVID-19...
The Bureau of Customs (BoC) has confirmed that there has been undervaluation of rice imports in the country and vowed to address the issue. (MANILA BULLETIN) A statement from the Federation of Free Farmers (FFF) revealed that BoC Commissioner Rey Leonardo Guerrero has already initiated to plug...
Two economic managers have lauded the enactment of the government’s second tax reform program that will unleash one of the country’s largest stimulus measures, but a group also raised that the newly-signed law has succumbed to the “powerful lobby.” Finance Secretary Carlos G. Dominguez III...
A provision in the newly-signed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law or Republic Act 11534 will save the 180,000 barrels per stream day refinery of Petron Corporation from feared shutdown, because the new law will correct the “tax enforcement inequities” earlier...
GOVERNANCE MATTERS Former Vice President Jejomar Binay It is difficult to accept even at face value the claim of the author of the amendments to the Comprehensive Dangerous Drugs Act that the constitutional right of an accused to be presumed innocent until proven guilty remains intact and respected...
