President Duterte has cautioned that the power outages in Luzon might hurt the government's efforts to respond to the pandemic as well as promote the country's economic recovery. President Rodrigo Duterte delivers a public address on June 14, 2021 (Malacañang) The President issued the statement...
Tripadvisor, the world’s largest travel guidance platform, revealed that global vaccine rollouts are driving increasing demand for vacations, with vaccinated travellers more likely to stay longer and spend more on their trips than unvaccinated travellers. Across the Asia-Pacific (APAC), where the...
DAVAO CITY - Davao Oriental Governor Nelson Dayanghirang has returned to work after recovering from coronavirus disease. In a statement, the provincial government of Davao Oriental said Dayanghirang resumed office on Thursday, June 10. Dayanghirang and his wife, Nanette, announced on May 25 that...
BETTER DAYS Senator Sonny Angara Last March, President Duterte enacted into law Republic Act 11534, more widely known as the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act. Certified at the time as urgent by Malacañang, the law was touted as one of the government’s critical...
A most stressful chapter just ended for Nicole Hyala's family, their eight-year-old daughter Princess survived Viral Encephalitis. It may be a short stay at the hospital, but it's long for any parent. The best news was when they heard from their neurologist, "It's amazing!" This gave the parents...
The government is counting on the vaccination drive and the safe reopening of the economy to help stimulate job creation in the country. Essential workers get coronavirus vaccines inside the SM Manila cinema that has been converted into a vaccination hub on cinema turned vaccination hub at SM...
The World Bank expects the Philippine economy will recover at a much slower pace than initially estimated due to resurgence of coronavirus infections and prolonged movement controls that held back the nation’s early signs of a rebound. The Washington-based financial institution on Tuesday, June...
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,...
