Archive for the ‘Government’ Category
Quezon City launched BOSS
To encourage more new businesses to register this year, the Quezon City government launched last Friday the Business One-Stop Shop or BOSS, which aims of simplifying the process of securing business permit.
“The simplified procedures in licensing will drive individuals to invest or a business,” said Pacifico F. Maghacot, Jr., officer-in-charge for the Business Permit and [...]
August 21, 2010
Tags: BOSS, business concerns, business news, business one-stop shop, business permit, business registration, entrepreneur, Government, Philippines, Quezon City government Posted in: Announcement, Government, Law, Philippine business news, Philippines, business opportunity, entrepreneur, entrepreneurship 
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The Expanded Senior Act of 2010 (Republic Act 9994)
The Republic Act 9994 or the Expanded Senior Citizens Act of 2010 was finally signed into law, giving our senior citizens additional benefits. Among them is their exemption from the 12% value-added tax (VAT), as stated in the implementing rules and regulations signed last Friday by the Deparment of Social Works and Development (DSWD). This [...]
June 18, 2010
Tags: Expanded Senior Citizens Act of 2010, Government, Law, Philippines, RA 9994, Republic Act 9994, value-added tax, VAT exemption Posted in: Announcement, Consumers, Government, Health, Law, Philippines, Taxation, finance No Comments
Lower remittance fees for OFWs
A new remittance system that will allow for a safer, faster and cheaper remittances by OFWs (overseas Filipino workers) will be implemented by the Bangko Sentral ng Pilipinas (BSP) starting on the third quarter of the year.
This is the new Philippine Payments and Settlements System or Philpass Remit System. Under this new system, the fee [...]
May 25, 2010
Tags: Business, finance, money, OFWs, Philpass, remittances Posted in: Announcement, Consumers, Government, OFWs, Philippine business news, Philippines, banking, economy, finance, money No Comments
Job opportunities in Taiwan
More employment opportunities in Taiwan await Filipino jobseekers, the Philippine Star reported today.
In its business page, the local newspaper said that according to local recruiters, there are at least 30,000 jobs awaiting Filipino workers in Taiwan.
Pilipino Manpower Association of Taiwan, Inc. (PILMAT) president Jackson Gan said that factories in Taiwan are still in dire need [...]
May 2, 2010
Tags: business news, Employment, foreign relations, Job Opportunities, OFWs, oversea Filipino workers, Philippines, Taiwan Posted in: Announcement, Employment, Government, International relations, Job Opportunities, Labor, Opportunities, Philippine business news, Philippines, economy No Comments
$500 M retail treasury bonds to be auctioned by the government
$500 million retail treasury bonds will be auctioned by the government on April 21. These RTB were intended for overseas Filipino workers (OFWs).
National Treasurer Roberto Tan is confident that they would be able to sell the whole $500 million after conducting a series of successful briefing in different parts of the globe.
Tan said that they [...]
April 19, 2010
Tags: auctioned, exemption, Government, incentive, investment instruments, money, multi-currency, Philippines, retail treasury bonds, RTB Posted in: Announcement, Government, Philippine business news, Philippines, banking, economy, finance, investments, money One Comment
BSP to issue peso bills with new designs by December
By December of this year, we could be having new designs on our peso bills. The Bangko Sentral ng Pilipinas (BSP) would begin circulating by December the new peso bills, while coins will follow suit after two years.
According to the BSP, aside from having new designs, the new bills and coins will also have new [...]
March 27, 2010
Tags: Bangko Sentral, BSP, business news, Central Bank, currency, finance, legal tender, monetary, money, Peso, Philippines Posted in: Announcement, Consumers, Government, Philippine business news, Philippines, banking, economy, entrepreneurship, finance, money 3 Comments
Globe Asiatique gets SEC nod for IPO
Globe Asiatique gets the green light from Securities and Exchange Commission (SEC) for its planned initial public offering (IPO). The SEC approved the IPO of of Globe Asiatique Realty Holdings Corp. which is seen to raise up to P3.05 billion in fresh capital.
Globe Asiatique, on its statement filed with the SEC, said it will issue [...]
March 20, 2010
Tags: business news, Globe Asiatique, IPO, low-cost housing, money, Philippines, public offering, real estate, SEC, Securities and Exchange Commission, stocks Posted in: Announcement, Corporations, Government, IPO, Law, Opportunities, Philippine business news, Philippines, Stock Market, economy, finance, investments, money No Comments
Peso to reach P44 to $1
Prakriti Sofat, an economist from leading global investment house Barclays Capital said the peso could reach 44 to the dollar level by the end of the year because of recovery in exports and the steady inflows of remittances.
In the report from Philippine Star, Sofat said the outlook for Philippine exports remains positive given the strong [...]
March 14, 2010
Tags: dollar, economy, export, Foreign exchange, forex, Peso, Philippines, remittances Posted in: Consumers, Foreign exchange, Government, Philippine business news, banking, entrepreneur, finance, investments, money No Comments
Declare bets’ bank accounts
Now, here’s a good suggestion. Presidential aspirant Gilberto “Gibo” Teodoro Jr. wanted bets bank accounts bared.
The Lakas-Kampi-CMD standard-bearer said that the bank secrecy law should be lifted or at least be reviewed to help unmask the financial activities of politicians who are suspected to have links to the illegal drug trade.
Gibo was reacting to the [...]
March 6, 2010
Tags: bank secrecy law, banking law, finance, Philippines, RA 1405, Republic Act 1405 Posted in: Announcement, Government, Law, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money No Comments
Peso continues to appreciate
At the closing of the week’s trade this Friday, Peso inches up further as it closed at 46.05 against the US dollar, which is stronger than Thursday closing which is 46.09.
The peso continued to appreciate as favorable investor sentiment boosted appetite for currencies of emerging Asian economies. Volume of Friday’s trade went up to $73.1 [...]
March 5, 2010
Posted in: Foreign exchange, Government, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money No Comments
