Archive for the ‘Law’ Category
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
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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
Banco Filipino was also delisted from PSE
Days before Banco Filipino Savings and Mortgage Bank was closed by the Bangko Sentral ng Pilipinas, and even before the bank went on “voluntary bank holiday,” Banco Filipino was delisted by the Philippine Stocks Exchange (PSE) from its official registry, which means that the bank can no longer buy or sell shares of stocks. Although [...]
March 24, 2011
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Tags: Banco Filipino, bor, BSP, delisted, disclosure, PDIC, PSE, receivership, SEC, stocks exchange board · Posted in: banking, Corporations, economy, finance, franchise, investments, Law, money, Philippine banks, Philippine business news, Philippines, Stock Market
Banco Filipino asks Court of Appeals to issue TRO
It seems that Banco Filipino hasn’t given up on its fight yet because it has asked Court of Appeals to issue a temporary restraining order (TRO) on the closure order issued by the Bangko Sentral ng Pilipinas (BSP) last week. Banco Filipino vice chairman Perfecto Yasay said they have filed a petition for certiorari with [...]
March 21, 2011
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Tags: Banco Filipino, banking, Banks, BSP, Central Bank, insolvency, Monetary Board, money, PDIC, Peso, Philippine, receivership · Posted in: banking, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
Banco Filipino ordered closed for the second time
The Bangko Sentral ng Pilipinas shuts down Banco Filipino Savings and Mortgage Bank yesterday, after it “temporarily” closed its doors to its depositors this week. The Aguirre family-owned Banco Filipino was received closure order from BSP for its insolvency. The bank’s liabilities exceed its assets by P8.4 billion. The seven-member Monetary Board decided yesterday to [...]
March 17, 2011
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Tags: Banco Filipino, Bangko Sentral, bank, banking, BSP, closure order, MB, Monetary Board, money, PDIC, Philippines, receivership · Posted in: banking, Corporations, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
BIR say filing of AIR for 2010 optional
With its implementation met with a lot of protests and not-so-good-comments, the BIR decided to make the filing of AIR for 2010 optional. The Bureau of Internal Revenue (BIR) gave taxpayers leeway by making the annual information returns (AIR) filing optional for 2010. Commissioner Kim Henares said it would give the affected taxpayers time to [...]
March 14, 2011
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Tags: AIR, BIR, income tax, ITR, money, Philippines, RR 2-2011, SALN, tax, Taxation, taxes · Posted in: finance, Government, Law, money, People, Philippine business news, Taxation
Congress approved 2011 budget
As Congress resumed Monday, the first order of business was House Bill 3101, which was the 2011 budget worth P1.645 trillion. It was President Benigno Aquino’s III first budget, and was approved on the third and final reading in the House of Representatives. 175 representatives voted in favor of the proposed budget, while 21 voted [...]
November 8, 2010
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Tags: 2011 budget, budget, business news, Congress, funds, House Bill 3101, Philippines, pork barrel · Posted in: Announcement, economy, finance, Government, Law, money, Philippine business news, Philippines
Make way for Cebu dancing tax collectors
You have seen the Cebu Dancing Inmates, and by now you have seen the dancing flight attendants of the Cebu Pacific, and now make way for dancing tax collectors of Cebu City. Led by Cebu City Treasurer Ofelia Oliva, who leads the dancers, the dancing tax collectors from Cebu City Treasurer’s Office have caught the [...]
October 16, 2010
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Tags: Cebu dancing tax collectors · Posted in: Announcement, entrepreneurship, finance, Law, money, Philippine business news
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 [...]
August 21, 2010
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Tags: BOSS, business concerns, business news, business one-stop shop, business permit, business registration, entrepreneur, Government, Philippines, Quezon City government · Posted in: Announcement, business opportunity, entrepreneur, entrepreneurship, Government, Law, Philippine business news, Philippines
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
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Tags: Expanded Senior Citizens Act of 2010, Government, Law, Philippines, RA 9994, Republic Act 9994, value-added tax, VAT exemption · Posted in: Announcement, Consumers, finance, Government, Health, Law, Philippines, Taxation
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 [...]
March 20, 2010
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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, economy, finance, Government, investments, IPO, Law, money, Opportunities, Philippine business news, Philippines, Stock Market
