Archive for the ‘Law’ Category
BIR to do lifestyle check on professionals too
The Bureau of Internal Revenue will conduct a lifestyle check on professionals; this includes lawyers, doctors and accountants. The move is part of the tax agency’s effort to “convince” self-employed individuals to pay the right taxes.
August 2, 2011
· 
Roy · 
No Comments
Tags: BIR, business news, income tax, lifestyle check, money, Philippines, professionals, tax, tax target, Taxation, taxes · Posted in: Business News, economy, finance, Government, Law, money, Philippine business news, Philippines, Taxation
BIR falls short of its target for the first semester of 2011
The Bureau of Internal Revenue missed its target for the first six months of the year. The BIR falls short of its target collection, with its total collection in totaling P67 billion which is 2.2% lower that its P68.5-billion target. Last month’s collection brings total collection for the first semester of 2011 to P458 billion, [...]
July 15, 2011
· Roy · No Comments
Tags: BIR, collection target, economy, finance, money, Philippines, tax, tax collection, Taxation, taxes · Posted in: Announcement, Business News, economy, franchise, Government, Law, money, Philippine business news, Philippines, Taxation
Senator pushes bill for household helpers
Senate Pro Tempore Jinggoy Estrada, chair of the Senate Committee on Labor, Employment and Human Resources Development, appealed to the House of Representative to pass their own version of the “Kasambahay Bill.” The Senate Bill No. 78, which was approved by the Senate in the third and final reading in December last year, provides a [...]
June 23, 2011
· Roy · No Comments
Tags: additional benefits, household helpers, Kasambahay Bill, minimum wage, Senate Bill No. 78 · Posted in: Business News, economy, Government, Health, Law, Philippine business news, Philippines, Poverty
Executive order to ban oil price hike
The government wanted to put a stop to the series of oil price hikes by oil firms by issuing an executive order to ban oil price increase. Justice Secretary Leila De Lima said they may resort to the “extreme legal measure” to cushion the effects of steadily rising oil prices. De Lima said, “Talking about [...]
April 20, 2011
· Roy · No Comments
Tags: business news, Consumers, DOJ, Executive Order, legal, oil price hike, Philippines, price freeze · Posted in: Announcement, Consumers, Corporations, economy, finance, Government, Law, money, Philippine business news, Philippines, Pricing, Products
New SBMA head named
The Aquino government has named the new chief executive officer of SBMA (Subic Bay Metropolitan Authority). Rafael L. Reyes will be replacing Armand Arreza as the new administrator and CEO of the Subic Bay Freeport Zone. Reyes is not really new to SBMA as he has been its deputy administrator before. Reyes has a Masters [...]
April 17, 2011
· Roy · No Comments
Tags: board of directors, foreign relations, forex, Freeport Zone, Olongapo, Reyes, SBMA, SBMA Chief, Subic Bay, Zambales · Posted in: Announcement, franchise, Government, International relations, Law, People, Philippine business news, Philippines
PDIC issued payments to 33,000 Banco Filipino depositors
Since holding the Banco Filipino Savings and Mortgage Bank under receivership, the Philippine Deposit Insurance Corporation (PDIC) has already paid insurance deposits of 33,440 depositors of the bank through postal money orders. These were sent to depositors, via postal money order without them being required to file for any claims at PDIC. The PDIC said [...]
April 17, 2011
· Roy · No Comments
Tags: Banco Filipino, bank, banking, claim form, deposit insurance, payment, PDIC, Philippine banks, postal money order · Posted in: banking, Consumers, Customer Service, finance, Government, Law, money, People, Philippine banks, Philippine business news, Philippines
BIR stood firm on the April 15 tax deadline
In spite of the appeal of taxpayers for an extension, Bureau of Internal Revenue (BIR) stood firm and kept the April 15 deadline for filing income tax returns (ITRs). Revenue commissioner Kim Henares said there were still a lot of people who filed their returns on the last minute, as she observed when she made [...]
April 16, 2011
· Roy · No Comments
Tags: April 15 deadline, Arroyo, BIR, SALN, tax, tax evaders, tax evasion, Taxation · Posted in: finance, Government, Law, money, People, Philippine business news, Philippines, Taxation
Johnson & Johnson fined by US authorities for bribing doctors
The 5th largest company in the US in terms of market capitalization, Johnson & Johnson, was fined $70 million by the US authorities for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The US Department of Justice and Securities and Exchange Commission said that since 1998, the [...]
April 10, 2011
· Roy · No Comments
Tags: $70 million fine, bribery, Department of Justice, Johnson & Johnson, middle east, Oil for Food Program, Saddam Hussein, SEC · Posted in: finance, Government, International relations, Law, Medicine, money, Pricing, Products, World News
Jobs opportunites available for students
The Department of Labor and Employment (DOLE) reported that there are over 80,000 jobs in various government offices and establishments that are available for poor but deserving high school and college students. This is good news for students in need of money in order to continue with their education. DOLE-Labor Communication Office (LCO) director Nicon [...]
April 7, 2011
· Roy · One Comment
Tags: business news, DepEd, DOLE, DOST, education, Employment, Job Opportunities, Labor, Philippines, poverty, students, summer jobs, work · Posted in: Announcement, Career, Education, Employment, Government, Job Opportunities, Labor, Law, money, OFWs, Opportunities, Philippine business news, Philippines, Poverty
LTFRB approved a provisional P1 fare hike for buses in Metro Manila
The Land Transportation Franchising and Regulatory Board (LRFRB) said that while it recognizes the plight of the commuting public “in this time crisis,” it could not be sensitive to the clamor of the operators. LTFRB cited increases in fuel prices and the recent turmoil in oil-producing countries that have burdened the transport sector, LTRFRB granted [...]
March 28, 2011
· Roy · No Comments
Tags: buses, commuters, fare hike, LTFRB, Metro Manila, oil price hike, provisional fare hike, Transportation · Posted in: Announcement, Consumers, economy, Government, Law, money, Philippines, Poverty, Transportation
