The Fiscal Incentives Review Board (FIRB) has adopted the framework for the grant of incentives to qualified industries under the government’s Strategic Investment Priorities Plan (SIPP). As provided in the newly enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law that...
SPEAKING OUT Ignacio R. Bunye Speaking before the Regis CEO Roundtable Series last May 18, Fernando Zobel de Ayala (FZA), President and CEO of Ayala Corporation, disclosed that “two of Ayala’s most cyclical businesses – Ayala Land and BPI – are priming themselves for a post-pandemic...
Senator Nancy Binay on Sunday urged the Bureau of Internal Revenue (BIR) to “have a heart” and spare private schools from a 150 percent increase in income tax. Binay said the BIR should withdraw its Revenue Regulation No. 5-2021 which seeks to impose higher income tax on so-called proprietary...
Senate President Vicente Sotto III on Thursday, June 3, appealed to the government to forego the mandatory 14-day quarantine for fully-vaccinated individuals entering the Philippines. Senate President Vicente 'Tito' Sotto III "Calling on IATF/DOH (Interagency Task Force on the Management of...
OF SUBSTANCE AND SPIRIT Diwa C. Guinigundo It was good for the Bangko Sentral ng Pilipinas to shift the release of Financial Stability Report (FSR) from annual to semestral beginning second semester of 2020. There is a dearth of reliable and timely information that the Filipino public could trust,...
As Metro Manilans and residents in the NCR-plus bubble settled into another fortnight of general community quarantine (GCQ), they as well as those in the rest of Luzon from the Ilocos region to Bicolandia were greeted by rotational brownouts that are expected everyday during the first week of...
The Department of Finance (DOF) bucked assertions that the Philippines will be the “laggard in Asia” in a post-pandemic world. Finance Undersecretary and Chief Economist Gil S. Beltran assured the country’s stamina to endure its marathon towards inclusive and sustainable development after the...
Unlike the House of Representatives, the Senate still does not seem to think that revising the Constitution is an urgent measure amid the COVID-19 pandemic. Senate of the Philippines (Senate PRIB) Senate President Vicente Sotto III said that senators may tackle their counterpart's proposed economic...
GOVERNANCE MATTERS Former Vice President Jejomar Binay We seem to be hearing more bad news than good news these days, and these do not bode well for government’s optimistic scenario of a jumpstarted economy by the second quarter of the year. The scenario is dependent on two factors. One is the...
A full month of General Community Quarantine (GCQ) would be completed by June 15 in the National Capital Region-plus bubble area following President Duterte’s announcement on June 1. Recall that Metro Manila and the provinces of Bulacan, Rizal, Laguna and Cavite were placed on Enhanced Community...
The House of Representatives' Committee on Transportation approved on Tuesday, June 1, the bill that would regulate the use of vintage vehicles. 1-PACMAN Party-list Rep. Eric Pineda reported to the committee the contents of the substitute bill to House Bill No. 8244, or the proposed "Vintage...
The coronavirus pandemic has become a difficult and challenging time for everyone but the nation's resilience and strong faith can help carry the country through this period, according to President Duterte. President Rodrigo Duterte (File photo/ Malacañang) The President encouraged Filipinos to...
