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...
ROME, Italy -- Italian Prime Minister Mario Draghi signed on Tuesday a decree with fresh coronavirus containment measures. Italian Prime Minister Mario Draghi (Xinhua / MANILA BULLETIN) The decree, to be effective from March 6 to April 6, extends to March 27 a ban on travel between Italy's 20...
With all the commotion and questions thrown back to the Department of Transportation and Land Transportation Office yesterday due to the implementation of the Child Restraint Seats (CRS) in Vehicles under The Child Safety in Motor Vehicle Act or RA 11229 , the department released a statement...
Children sitting in the appropriate seats for their age and height. Starting Feb. 2, 2021, children 12 years old and below will have to be in child restraint seats (CRS). This is in accordance with the Child Safety in Motor Vehicles Act of 2020 (Republic Act 11229). While it may be new to the...
In preparation for the implementation of the Republic Act 11229 or Child Safety in Motor Vehicles Act in the Philippines, Buckle Up Kids PH hosted a virtual press conference last January 29, Friday. This is an effort to brief the parents on the law that is to be rolled out this February 2. Photo...
