Monthly Archives: June 2021

(Philstar.com), 10 Jun 2021 MANILA, Philippines — Rep. Joey Salceda (Albay) on Thursday proposed an amendment to the National Internal Revenue Code in a bid to resolve private schools’ woes on a new policy that would hike its tax rate to 25%.

by Christian Deiparine (Philstar.com), 10 Jun 2021 MANILA, Philippines — The Duterte administration on Thursday backed a new policy that would hike private schools’ tax rate to 25% amid the pandemic, despite a group appealing for the president’s help.

by Louella Desiderio (The Philippine Star), 10 Jun 2021 MANILA, Philippines — Negotiations for the takeover of Hanjin Heavy Industries and Construction Philippines’ shipyard in Subic are expected to be concluded soon, the Subic Bay Metropolitan Authority (SBMA) said.

by Edu Punay, Delon Porcalla (The Philippine Star), 10 Jun 2021 MANILA, Philippines — The government’s new revenue regulation which increases the tax on private schools under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law is illegal, a House leader said yesterday.

by Louise Maureen Simeon (The Philippine Star) 10 Jun 2021 MANILA, Philippines — Manila slipped six notches in the global ranking of livable cities as the COVID-19 pandemic strained its healthcare system, prompting the government to impose the world’s longest and strictest lockdown.

by Louella Desiderio (The Philippine Star), 10 Jun 2021 MANILA, Philippines — The production and sales of motorcycles and scooters in the Philippines posted double-digit growth in the four months to April from a year ago, when manufacturing facilities and dealerships temporarily suspended operations as lockdowns were enforced in response to the coronavirus pandemic.

(The Philippine Star), 9 Jun 2021 MANILA, Philippines — Electronic money transactions processed by banks and financial technology providers jumped by almost 61 percent to P2.39 trillion in 2020 from P1.49 trillion in 2019 as the shift to digital payments from the traditional mode of cash transactions accelerated amid the pandemic.

by Gerardo P. Sicat (The Philippine Star) 9 Jun 2021 The G7 finance ministers of the most economically advanced countries met in London last weekend. They agreed to resolve the thorny issues on the taxation of big multinational firms that has bothered tax authorities of many nations for decades.

by Louise Maureen Simeon (The Philippine Star), 9 Jun 2021 MANILA, Philippines — The reimposition of strict quarantine measures wiped out the minimal gains in the country’s labor market as more Filipinos lost their jobs again in April.

by Czeriza Valencia (The Philippine Star), 9 Jun 2021 MANILA, Philippines — Private schools have asked the Court of Tax Appeals to review and stop the implementation of a revenue regulation that can significantly raise the tax take from proprietary or private educational institutions.

By Melissa Luz Lopez, CNN Philippines, 8 Jun 2021 Metro Manila (CNN Philippines, June 8) — The Philippine economy will record an even slower economic growth this year following a steep crash in 2020, the World Bank said Tuesday.

by ABS-CBN News, 8 Jun 2021 May ilang mga kawani ng Bureau of Internal Revenue sa Davao City ang nagpositibo sa COVID-19 kaya sinuspinde mula ang ilang transaksiyon sa nasabing tanggapan. DAVAO CITY – Pansamantalang suspendido simula ngayong Martes ang ilang transaksyon na isinasagawa sa tanggapan ng Bureau of Internal Revenue (BIR) Region 19 matapos…

By: Nestor Corrales, Philippine Daily Inquirer, 8 Jun 2021 MANILA, Philippines — The Bureau of Internal Revenue (BIR) should rescind its new regulation raising the income tax on private schools by 150 percent and prevent more private education institutions from closing down, according to House Deputy Speaker Rufus Rodriguez.

by Mayen Jaymalin (The Philippine Star), 8 Jun 2021 MANILA, Philippines — The Department of Labor and Employment (DOLE) sees economic recovery, and more Filipinos going back to work, following the rollout of vaccines for essential workers.

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by Paolo Romero (The Philippine Star), 8 Jun 2021 MANILA, Philippines — Senators are likely going to push for the second extension of Republic Act 11494 or the Bayanihan to Recover as One Act until the end of the year, instead of passing another emergency spending bill as about half of the funding for the…

By Priam Nepomuceno, 7 Jun 2021 MANILA – The Philippine Navy (PN) has already signed a “term sheet” with cash-strapped shipbuilder Hanjin Heavy Industries and Construction (HHIC-Phil) for the use of its facility in Subic, Zambales.

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At least 403 employees of a call center in Davao City test positive for COVID-19 — Karlos Manlupig (@kmanlupigINQ) June 7, 2021

By Angelica Y. Yang, Reporter, 7 Jun 2021 THE Philippines needs to shift to flexible power plants and renewables, according to some experts, after rotating “brownouts” hit parts of Luzon last week.

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by Czeriza Valencia (The Philippine Star), 7 Jun 2021 MANILA, Philippines — Finance Secretary Carlos Dominguez supports the amendment of a section of the Tax Code pertaining to tax treatment of proprietary educational institutions.

by Louise Maureen Simeon (The Philippine Star), 7 Jun 2021 MANILA, Philippines — The government should build up on better labor market programs as the pandemic would have longer scarring effects on the country’s labor force even in a post-COVID era, the Asian Development Bank (ADB) said.

by Lawrence Agcaoili (The Philippine Star), 7 Jun 2021 Highest in 12 years MANILA, Philippines — The non-performing loan (NPL) ratio of Philippine banks accelerated for the fourth straight month as bad debts continued to soar amid the resurgence of COVID-19 cases in the country.

by Evelyn Macairan (The Philippine Star), 7 Jun 2021 MANILA, Philippines — Some of the 303 members of the Badjao tribe who were rescued in Manila last Friday may have been meant by a human trafficking syndicate to work as laborers, the Inter-Agency Council Against Trafficking (IACAT) said yesterday.

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by Gaea Katreena Cabico (Philstar.com), 7 Jun 2021 MANILA, Philippines (Updated 8:40 a.m., June 8)— Public health advocates have been calling on the Philippine government to help push for a global waiver on patent protections for COVID-19 technologies to provide poor countries easier access to vaccines and medical products to combat the pandemic.

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